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Australia’s construction sector rebounds in June, hits 10-month record high

Jul 07, 2016 05:59 am UTC| Commentary Economy

Australias construction sector rebounded in June, hitting a 10-month record high during the month, after having witnessed decline during the month of May. The expanding pace of construction came in two months after the...

Thailand’s consumer sentiment drops for sixth straight month in June

Jul 07, 2016 05:41 am UTC| Commentary Economy

Consumer sentiment in Thailand during the month of June dropped for the sixth straight month in a row, on overwhelming concerns that the decision of Britain to leave the European Union will adversely affect both the...

Taiwan June exports likely to witness smallest decline in over 1.5 years

Jul 07, 2016 05:12 am UTC| Commentary Economy

Taiwans exports during the month of June are expected to witness the smallest decline in over one-and-a-half years, largely owing to the stabilization in global oil and commodity prices. However, the outlook for a real...

US trade deficit widens in May; net trade likely to hamper growth in H2

Jul 07, 2016 05:10 am UTC| Commentary Economy

In May, the US trade deficit widened to USD 41.1 billion from Aprils deficit of USD 37.4 billion. The deficit was more than market projections USD 40 billion. Mays deficit shows a drop of USD 314 million in the value of...

FxWirePro: The Day Ahead- 7th July 2016

Jul 07, 2016 04:50 am UTC| Commentary Economy

Lots of economic dockets lined up today but all with low to medium volatility risks associated. Upcoming: Japan: Leading economic and coincident index for May will be released at 5:00 GMT. Japan will release...

Czech investment activity likely to deteriorate in 2016

Jul 06, 2016 13:10 pm UTC| Commentary Economy

Investment activity in the Czech Republic is likely to deteriorate in 2016 because of the decline in EU co-financing. Moreover, uncertainty surrounding the economic development in the EU post Brexit is expected to weigh in...

UK’s manufacturing output likely slowed in May; trade deficit expected to have widened

Jul 06, 2016 13:06 pm UTC| Commentary Economy

Manufacturing activity in the UK is expected to have slowed sharply in May after surging in April. According to a Societe Generale research report, manufacturing output is expected to gain 1.5 percent in month, as compared...

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Economy

Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says

The Federal Reserves latest interest rate hike could deepen the U.S. housing downturn while making economic growth increasingly reliant on artificial intelligence investment, according to Citi Research. The Fed raised its...

Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines

Oil and liquefied natural gas shipments through the Strait of Hormuz have climbed to a six-month high over the past two weeks, as U.S.-led naval escorts and mine-clearing operations improve access to the critical energy...

Bessent, He Lifeng to Discuss AI Security and Trade in New York

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng in New York on Sunday for talks covering artificial intelligence security, trade and other major economic issues, according to a person...

Canada Eyes India Trade Deal by Year-End

Canada is increasingly optimistic that it can finalize a comprehensive economic partnership agreement (CEPA) with India before the end of the year, with energy, nuclear power and critical minerals emerging as major areas...

Mexico Pushes for US Trade Deal Before Midterms

Mexican President Claudia Sheinbaum said Friday that her government is working to secure a trade agreement with the United States as quickly as possible, following what she described as a productive conversation with U.S....

Politics

Germany’s Carsten Breuer Elected Next NATO Military Committee Chair

German General Carsten Breuer has been elected as the next chair of the NATO Military Committee, putting Germanys chief of defence in line to become the alliances most senior military officer. Chiefs of defence from NATOs...

Turkey Ready to Aid Saudi Arabia Under Defence Pact as Houthi Attacks Escalate

Turkish Foreign Minister Hakan Fidan said Saturday that Ankara is prepared to help Saudi Arabia meet potential military needs as Houthi attacks intensify, citing a trilateral defence agreement between Turkey, Saudi Arabia...

US, Denmark and Greenland Reach Deal to Expand American Military Presence

The United States, Denmark and Greenland have reached an agreement allowing Washington to expand its military presence in Greenland while restricting US adversaries from establishing bases or making sensitive investments...

Israeli Strikes Across Gaza Leave at Least Three Dead

Israeli airstrikes killed at least three Palestinians across the Gaza Strip on Saturday, according to Palestinian health officials, as violence continued despite a U.S.-brokered ceasefire. One Israeli strike near the...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SpaceX Nasdaq 100 Weight to More Than Double in Rebalance

SpaceX is set to gain significantly more influence in the Nasdaq 100 Index when the benchmark completes its quarterly rebalance on Monday, with the companys weighting expected to more than double. According to Bloomberg,...

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...

Apple Pay Set for India Launch With Axis Bank

Apple is preparing to launch Apple Pay in India next month, initially partnering with Axis Bank to support the lenders credit cards, according to three people familiar with the plans. The rollout would bring Apples digital...

Hyundai CEO Warns Chinese Automakers Could Disrupt US Market

Hyundai Motor CEO Jose Munoz warned that Chinese automakers could eventually reshape the US auto market as they have in Europe unless Washington maintains tariffs and other market-access protections. Speaking in San Jose,...