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Singapore Industrial Output Growth Moderates In May

2 days ago | rttnews.com | Renju Jaya

Singapore's industrial production expanded at the slowest pace in three months in May due to the notable slowdown in electronics output growth, the Economic Development Board reported Thursday. Industrial production logged an annual increase of 3.9 percent in May, which was slower than the 5.6 percent increase in April. Although, this was the weakest growth in three months, it was better than economists' forecast of 2.6 percent.
European Economic News Preview: German Consumer Confidence Data Due

2 days ago | rttnews.com | Renju Jaya

Consumer sentiment from Germany is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's consumer sentiment survey data. The forward looking consumer confidence index is forecast to rise to -19.1 in July from -19.9 in June. In the meantime, foreign trade from Sweden and unemployment from Norway are due.
South Korea Business Sentiment Weakens Slightly

2 days ago | rttnews.com | Renju Jaya

South Korea's business confidence weakened slightly in July, survey data from the Bank of Korea showed on Thursday. The composite business sentiment index dropped to 89.4 in July from 89.5 in June. A score below 100 indicates pessimists outnumber optimists. The BSI for manufacturing rose to 93.4 from 93.1 in the prior month.
Asia Is Warming Twice As Fast As The Rest Of The World: WMO

3 days ago | rttnews.com | Joji Xavier

Asia is warming twice as fast as the global average, according to a report released by the World Meteorological Organization. This rate of warming - which shows no signs of stopping - is leading to devastating consequences for lives and livelihoods across the region, and no country is exempt from the consequences. "Extreme weather is already exacting an unacceptably high toll," said WMO Secretary-General Celeste Saulo.
Thailand Central Bank Holds Key Interest Rate

3 days ago | rttnews.com | Renju Jaya

The Bank of Thailand maintained its interest rate on Wednesday as policymakers sees rising risks from US trade policies, geopolitical factors and domestic political conditions. The Monetary Policy Committee voted 6 to 1 to maintain the policy rate at 1.75 percent. One member sought a 25 basis-point cut to 1.50 percent. Previously, the bank had lowered the policy rate by 25 basis points each in April and February.
US Southern Border Crossings Continue To Plummet: DHS

3 days ago | rttnews.com | Joji Xavier

After the operation to remove worst of the worst criminal illegal aliens from sanctuary city Los Angeles, apprehensions and gotaways at the U.S. Southern border has plummeted by nearly 50 percent from May to June, according to the Department of Homeland Security. "Sanctuary cities are no longer a safe haven, and we have made the message clear: We will hunt down criminal illegal aliens and remove them from our communities," DHS said in a pess release.
Central, European Commands Nominees Testify On Growing Threats

3 days ago | rttnews.com | Joji Xavier

U.S. forces in the Middle East are laser-focused on warfighting, lethality and readiness, and they are performing superbly, said Navy Vice Adm. Charles B. Cooper II, deputy commander of U.S. Central Command, while testifying at a Senate Armed Services Committee hearing for his nomination to admiral and Centcom commander. "The Middle East is incredibly dynamic today.
UK To Buy 12 F-35A Fighter Jets, Join NATO Nuclear Mission

3 days ago | rttnews.com | Joji Xavier

British Prime Minister Keir Starmer will announce at the NATO summit Wednesday that the UK will buy at least a dozen new F-35A fighter jets, which can carry both nuclear and conventional weapons. Starmer will also announce UK's intention join NATO's dual capable aircraft nuclear mission in a major boost for national security, the Prime Minister's Office said in a press release.
Iran's Parliament Votes To Suspend Cooperation With IAEA

3 days ago | rttnews.com | Joji Xavier

Within a day of a ceasefire, Iran's parliament has passed a resolution calling on the regime to suspend the country's cooperation with the International Atomic Energy Agency, or IAEA. Lawmakers in Islamic Consultative Assembly, known as the Majles, chanted "Death to America" and "Death to Israel", Iranian state-controlled IRIB TV Channel reported. The vote by Iran's Parliament needs approval by the Supreme National Security Council, chaired by President Masoud Pezeshkian, to come into effect.
Cryptos Trade On A Mixed Note

3 days ago | rttnews.com | Avila Sebastian

A mixed trend prevails in cryptocurrency markets as investors digest the current geopolitical situation as well as the recent congressional testimony by Fed Chair Jerome Powell. Renewed hopes of a sustained ceasefire between Iran and Israel supported sentiment. Markets also assessed the Fed's potential interest rate trajectory in the wake of Chair Jerome Powell's congressional testimony that reiterated a wait and watch approach to monetary policy.