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Strong German business climate might face downturn over Volkswagen scandal

Sep 24, 2015 11:45 am UTC| Insights & Views

Todays IFO report showed business sentiment remained strong in Germany, which is most important manufacturing hub in Europe as well as world. IFO expectations rose in September to 103.3 from 102.2 in August. IFO -...

FxWirePro: EUR/CHF to maintain its uptrend in long term, Swiss trade not suffice to prop up currency

Sep 24, 2015 11:36 am UTC| Insights & Views Technicals

Swiss has produced an upbeat trade surplus numbers on the flip side. The healthy Swiss trade balance has printed at 2.87 billion which is well beyond market analysts projections at 2.77 billion but below the previous flash...

Path of ECB policy a likely worry for SNB

Sep 24, 2015 11:13 am UTC| Insights & Views Central Banks

The Swiss National Bank delivered its monetary policy announcement on Sept 17th, where it left the policy mix unchanged as broadly expected, in an effort to rein in the Swiss franc, which it said remained significantly...

Yen price squeeze, breakout ahead

Sep 24, 2015 11:13 am UTC| Insights & Views

Yen has moved to a small range against Dollar, since August when equity markets sold off sharply around the world after China chose to devalue Yuan officially. Yen had gained massive over that sell off. Dollar/Yen dropped...

Norwegian Krone falls below parity against Swedish Krona on surprise rate cut

Sep 24, 2015 10:12 am UTC| Insights & Views

Norwegian central bank surprised market today with a rate cut of 25 basis points and pushed Krone sharply down against all currencies. Since market was expecting policy hold, reaction has been very volatile. Key policy...

Japan’s factory employment drops first time in six months

Sep 24, 2015 09:31 am UTC| Insights & Views

Latest PMI report from Markit economic reveals continued weakness in Japans economy, which poses question over Abenomics as well as bank of Japans (BOJ) ability to revive the economy from decade old deflation. While...

Guide to today’s important data and events

Sep 24, 2015 09:06 am UTC| Insights & Views

Lot of economic dockets to be released today with low to medium risks associated. Data released so far Japan - Flash reading shows manufacturing PMI to drop to 50.9 in September from 51.7 in August. All industry...

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Economy

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....

Bolivia Approves $1.9 Billion IMF Financing Deal

Bolivian lawmakers have approved a $1.9 billion financing agreement with the International Monetary Fund (IMF), advancing President Rodrigo Pazs efforts to stabilize the countrys economy amid foreign currency shortages,...

Wall Street Mixed as Treasury Yields Rise After Fed Hike

Wall Street traded mixed on Friday as investors paused after the strongest session in more than a month, while rising U.S. Treasury yields and quadruple witching kept market volatility in focus. Quadruple witching marks...

Bessent Presses Japan on Fiscal Policy as Yen Struggles

U.S. Treasury Secretary Scott Bessent has pushed Japan to tighten fiscal policy and support higher interest rates as Washington and Tokyo work to stabilize the yen and limit risks in global bond markets. Japanese Finance...

Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High

Asian currencies traded mixed on Friday, with the Japanese yen weakening despite a Bank of Japan interest rate hike, while a hawkish Federal Reserve outlook kept the U.S. dollar supported near a seven-week high. The U.S....

Politics

Russian Attack on Balakliia Kills Two, Injures Two

Russian forces struck the northeastern Ukrainian city of Balakliia on Friday, killing two people and injuring two others as the war continues to affect communities across the Kharkiv region. Vitali Karabanov, head of the...

NATO Commander Joins US Review of Troop Deployments in Europe

NATOs top military commander, U.S. Air Force General Alexus Grynkewich, participated in a virtual briefing Friday as the Pentagon weighs possible changes to the deployment of U.S. troops across Europe. The briefing was...

Appeals Court Rejects Trump Third-Country Deportation Policy

A U.S. federal appeals court on Friday rejected a Trump administration policy that allowed immigration authorities to rapidly deport migrants to countries other than their nations of origin without giving them an adequate...

Trump Bans CNN, MS NOW and Politico From White House

President Donald Trump said Friday that CNN, MS NOW and Politico would be banned from the White House, escalating his administrations long-running dispute with major news organizations over their coverage. Trump announced...

Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed

Venezuelas government and opposition are nearing an agreement to transfer roughly $4 billion worth of the countrys gold reserves from the Bank of England to the Federal Reserve Bank of New York, potentially ending a...

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

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,...

US Federal Register Drops Alibaba Qwen AI Search Tool

A U.S. government website used an artificial intelligence model developed by Chinas Alibaba to help users search federal regulatory information, despite recent U.S. concerns about Chinese AI companies and their use of...
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