Economic news

Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9...

India's JSW Steel said on Friday it expected higher sales and spending in the financial year 2025, even as the country's top...

The number of Americans filing new claims for jobless benefits fell last week, job growth is cooling though and the number remains high enough to...

India's Zee Entertainment Enterprises reported a quarterly profit on Friday, compared with a loss a year earlier, helped by strong demand...

Asian spot liquefied natural gas (LNG) prices rose this week to its highest levels since January, as hot weather across the region spurred more...

Indian private lender Bandhan Bank reported a 93% drop in fourth-quarter net profit on Friday as it increased provisions and wrote off bad...

France's Engie said its electric vehicle charging station business lost 22 million euros ($24 million) in the first quarter and will...

China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion...

Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on...

The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency...

Sterling was on track for a weekly gain versus the dollar on Friday, as currency traders look ahead to key data releases next week that could point...

The dollar edged up against major currencies on Friday but was still headed for a weekly fall, as market speculation continues to swirl about the...

European shares dropped on Friday, dragged by declines in technology and industrials stocks, with investors looking forward to euro zone inflation...

London stocks fell on Friday, tracking weakness in global markets after U.S. Federal Reserve officials indicated interest rates may stay high for...

Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next...

Steel Authority of India is keenly watching Chinese imports after the United States raised tariffs on shipments from Beijing, its chairman...

Bank of Japan Governor Kazuo Ueda said the central bank had no immediate plan to sell its huge holdings of exchange-traded funds (ETFs), which is...

GSK has raised 1.25 billion pounds ($1.52 billion) from selling its entire remaining stake in consumer healthcare firm Haleon, the British...

Oil prices gained on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand amid...

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in...

China's factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the...

The Indian rupee was largely unchanged on Friday as dollar sales from state-run banks, likely on behalf of the Reserve Bank of India (RBI), curbed...

Asian stocks slipped on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest...

The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as...

U.S. stocks closed lower on Thursday after the Dow reached an intra-day high of 40,000 for the first time, as investors continued to...

Property investment in China in the first four months of 2024 fell 9.8% from a year earlier, after dropping 9.5% in the first quarter, indicating...

Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting,...

The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month,...

Vodafone Idea, India's third-largest telecom operator by subscribers, missed analysts' estimates for quarterly revenue on Thursday, hurt by...

Germany's council of tax experts cut their forecast for total tax revenue over the next five years by 1.5% on Thursday, which could add another...

Shares in BT Group surged more than 17% at one point on Thursday after its new boss set out a path to more than double free cash flow...

U.S. import prices rose by the most in two years in April amid rising costs for energy products and other goods, suggesting that domestic inflation...

Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of...

Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that...

The Tel Aviv Stock Exchange (TASE) is planning to alter its schedule and add Friday to the trading week in a bid to strengthen the Israeli...

High energy costs, weak global demand, a disruptive shift towards net-zero economies, and growing competition from China are raising existential...

Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across...

Yesterday’s U.S. CPI inflation figures release shook the markets. U.S. consumer prices increased less than expected in April, suggesting that...

India's Hindustan Aeronautics Ltd (HAL) reported a rise in fourth-quarter profit on Thursday, helped by demand for its aircraft from the...

Johan Lundgren, the architect of easyJet's recovery from the pandemic, will step down in early 2025, it said on Thursday, sending its...

Commercial property has become the weak link of the euro zone's financial system, with losses there threatening to hurt banks, insurers and...

 European shares edged lower on Thursday, weighed down by German engineering group Siemens after a second-quarter industrial profit miss,...