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Europe Open: USD/CNY drops to its lowest in more than two years - 27 February, 2015

Feb 27, 2015 05:57 am UTC| Market Roundups

Market Roundup Chinas yuan fell to the lowest level against the dollar in more than two years on Friday. BoJ Gov Kuroda: BoJ will not respond to oil prices themselves but will monitor how they affect inflation...

Asia Open: US $ rallied across the board following a batch of economic indicators, EUR floored - 27th February, 2015

Feb 26, 2015 21:24 pm UTC| Market Roundups

Market Roundup US CPI MM, SA Jan -0.7%, f/c -0.6%, -0.30%-prev US CPI YY, NSA Jan -0.1%, f/c -0.1%, 0.80%-prev US Core CPI MM, SA Jan 0.2%, f/c 0.1%, 0.10%-prev US Core CPI YY, NSA Jan 1.6%, f/c 1.6%, 1.60%-prev US...

U.S. Open: Looming ECB bond-buying, Fed chair comments in focus - 26 February, 2015

Feb 26, 2015 12:05 pm UTC| Market Roundups

Market Roundup EUR/GBP makes fresh 7 year lows at 0.7305 in Europe. AUD/USD climbs to 0.7910 from 0.7836 in Asia. Bank of England says net lending by FLS participants down 6.9 bln stg in fourth quarter; net lending...

Europe Open: BOJ Kuroda says current QQE will end if 2 pct inflation is achieved in a stable manner- 26 February, 2015

Feb 26, 2015 06:08 am UTC| Market Roundups

Market Roundup BoJ Gov Kuroda: Dont think buying long-term JGBs under QQE makes it impossible to exit QQE; BoJ will be able to cope with exit from QQE through various options; will end current QQE if 2 pct inflation is...

Asia Open: Yellen's second testimony largely ignored by markets, USD punished - 26th February, 2015

Feb 25, 2015 21:06 pm UTC| Market Roundups

Market Roundup US Mortgage Market Index w/e 420.3, 435.60-prev US MBA Purchase Index w/e 170.2, 162.70-prev US Mortgage Refinance Index w/e 1861.8, 2012.80-prev US MBA 30-Yr Mortgage Rate w/e 3.99%, 3.93%-prev US...

U.S. Open: Greece's FinMin says discussion of debt restructuring will begin immediately - 25 February, 2015

Feb 25, 2015 11:54 am UTC| Market Roundups

Market Roundup Greeces Finance Minister Varoufakis says discussion of debt restructuring will begin immediately. German finance minister Schaeuble tells radio Euro Zone decision to approve Greek reform list was "not...

Europe Open: PBOC sets weaker mid-point despite strong PMI data - 25 February, 2015

Feb 25, 2015 05:54 am UTC| Market Roundups

Market Roundup China Feb HSBC flash mfg PMI 50.1, Dec final 49.7, export orders decline. Australia intends to charge fees from foreigners buying real estate. Australia Q4 construction work done -0.2% q/q, -1.2%...

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Economy

Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy

Japanese business leaders are raising concerns about the economic risks of a persistently weak yen and sharp currency fluctuations, even as exporters continue to benefit from favorable exchange rates. The warnings follow a...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, despite signs that Iran and Oman are nearing an agreement on new shipping lanes. Brent crude futures...

BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds

Bank of Japan policymakers are increasingly concerned about inflation pressures, with several officials suggesting that interest rate hikes may need to come faster than financial markets currently expect, according to a...

US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says

U.S. efforts to strengthen the Japanese yen may offer only temporary relief as Japans fiscal policies, wide interest-rate gap with the United States, and preference for a weaker currency continue to pressure the yen,...

Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist

Iran and Oman are nearing an agreement on shipping through the Strait of Hormuz, but Tehran says a bilateral deal alone will not be enough to fully reopen the critical global energy route. Iranian Foreign Minister Abbas...

Politics

Taiwan Tests Penghu Defense, Mobile Internet Limits in War Drills

Taiwans military conducted a simulated defense of the strategically important Penghu Islands on Monday as part of its annual Han Kuang military exercises, while authorities prepared to restrict mobile internet speeds in a...

Iran-Oman Hormuz Shipping Deal Nears Final Stage

Iran said Sunday that an agreement with Oman establishing new shipping lanes in the Strait of Hormuz is nearing completion, but Tehran stressed that the crucial waterway will remain closed until the United States meets...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Joe Biden’s Prostate Cancer Has Spread Further, Hunter Biden Says

Former U.S. President Joe Bidens prostate cancer has spread beyond his bones and is causing significant pain, according to his son, Hunter Biden, who discussed his fathers health in a BBC interview. Speaking to the BBCs...

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

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...