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A collection of 18 posts

Consumer confidence in the US dropped to a three-month low

consumer confidence

Consumer confidence in the US dropped to a three-month low

US consumer confidence dropped in May to the lowest since February, underscoring the impact of decades-high inflation on Americans’ economic views. MIDF says the drop in confidence deteriorated as the American consumers anticipated no significant change in the economic momentum in the near term. In fact, confidence among American consumers

US pumps more fossil fuel but prices sore to $110

US pumps more fossil fuel but prices sore to $110

As oil prices surged above $110 a barrel, the US-built five oil rigs this week, signalling some acceleration in domestic fossil fuel output. According to Baker-Hughes, an oil and gas services company, the total number of oil rigs in the United States increased to 557 this week. That represents a

Many U.S. Mobile Users are Prevented from 5G for Technical Reasons

Many U.S. Mobile Users are Prevented from 5G for Technical Reasons

According to a new survey carried out by Speedcheck, more than two-thirds of all 3G/4G users in the U.S. want to adopt 5G but are prevented from doing so because of technical obstacles. The survey was carried out in October 2021 and was based on general cellular customer

US and UK banks bask in stellar third-quarter results

US and UK banks bask in stellar third-quarter results

The presentation of third-quarter data by major US and UK banks has frequently defied market expectations in recent weeks. In the United States, Goldman Sachs reported a 66 percent increase in third-quarter pre-tax profits to $5.2 billion compared to the same period last year, while Bank of America’s

Open Banking Facilitated Payments To Exceed $116 Billion BY 2026

Open Banking Facilitated Payments To Exceed $116 Billion BY 2026

A new Juniper Research study found that the value of global payment transactions facilitated by Open Banking will exceed $116 billion in 2026, from just under $4 billion in 2021. This extraordinary growth rate of over 2,800% over the next five years will be driven by increasing user awareness

The UK is attempting to join the US-Canada-Mexico Union

The UK is attempting to join the US-Canada-Mexico Union

The UK may bid to join the trade partnership between the US, Canada and Mexico, says The Independent UK, after Boris Johnson conceded that Joe Biden has no immediate interest to seal a bilateral deal with London in the foreseeable future. Speaking ahead of a meeting in the White House

Breaking Promises, US Bombs Taliban Again

Breaking Promises, US Bombs Taliban Again

The United States launched overnight airstrikes against the Taliban in Afghanistan, thus breaking its promises of non-intervention. Reports say the move reflects Washington’s intentions to continue supporting Afghan forces with combat aircraft. However, the support will continue only until US forces leave Afghanistan. There is no saying the US

Taliban Claims Weapons Capture From Govt Forces

Taliban Claims Weapons Capture From Govt Forces

Weapons allegedly captured by Taliban during recent operations in Pusht Rod, Farah. #Afghanistan pic.twitter.com/KHjhe4gPGz — FJ (@Natsecjeff) June 24, 2021 The Taliban is claiming that it has captured several weapons from government forces. The video is in Afghan language but a CNN report confirms the Taliban has seized

Malay-centric policies to blame says DAP MP

Malay-centric policies to blame says DAP MP

Grab is raising US$40 billion and that could be the biggest game changer in the e-hailing industry in Asia! The listing of Grab in the US is now the yardstick used by local MPs to blame Malay-centric policies in Malaysia. These policies have existed for generations and were always

Is the F-35 a Failure?

Has the US Air Force admitted the F-35 programme is a failure? A report in Airforce Mag suggests the F-35 programme has failed to achieve its goals. It also says the USAF need a next-generation (sixth generation aircraft) fighter. According to the chief of staff General Charles Q. Brown USAF

SEA mergers, acquisitions to surpass US, China in 2021

LONDON, Sept 8 (Bernama) — Major merger and acquisition deals this year have been put on hold due to market volatility amid the COVID-19 crisis, with a decline of 25% in the first half of 2020. Global market research company Euromonitor International investigates into the future of global and regional M&

Middle East wars could turn bloodier if US troops leave

In parts of Syria dubbed “de-escalation zones” by the government, what could yet prove a new regional conflict is escalating fast. Its protagonists, Turkey on one side and the Syrian government with its Russian backers on the other, had only a few months ago looked open to forging a new

From 2007 to 2020: The failed US plans to leave Iraq

https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({}); The United States has been planning to leave Iraq, removing its armed regulars, from the country. After the butchering of the BATH regime of Saddam Hussein, the pro Saddam and Al-Qaeda factions started a deadly campaign. In the

Obama escaped impeachment over Libya massacre

The U.S. President Donald Trump is facing impeachment in Congress. But before him, Barack Obama faced an impeachment attempt. Obama was accused of “high crimes and misdemeanours.” The Republicans believed he was good for impeachment. However, Obama escaped. A resolution charging him with authorizing military action in Libya was

Singapore Dollar

US dollar struggling versus SGD

Analysts are not certain what to do with the USD/SGD zig-zag. They are pondering on the fact that the US$ upside momentum may be fading. On a weekly chart, the Singapore Dollar weakened against its US counterpart to its lowest since July 2017. USD/SGD also closed just above

Can Opec revive oil bulls?

THERE was little excitement in the oil markets during Tuesday’s trading session; with investors on guard as the Organization of Petroleum Exporting Countries (Opec) and Non-Opec members discussed compliance levels on their output cut agreement, in Abu Dhabi. Market players seem unfazed by the constant Opec chatter, with scepticism

China backing of sanctions hides Beijing's bigger play in North Korea crisis

A bigger game is at play over North Korea, and China is the purveyor of a new strategy that will allow Beijing to push the North Korean regime in Pyongyang to feel the intensity of the international pressure against its attitude. Last week, the Security Council voted fresh and more

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