Economic news


Pound Unfazed by Budget, Eyes Best Month Since April

Pound Unfazed by Budget, Eyes Best Month Since April

The pound was set for its best monthly performance since April against the dollar and euro on Friday, showing little immediate reaction to news that the next ​UK budget will be brought forward. British finance minister John Healey said he will hold his first budget ‌on October 28, ...


July 31, 2026
Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale
Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale

Danish brewer Carlsberg's jab at FIFA President Gianni Infantino highlighted how a growing backlash against the governing body's proposed...

USD Eases against JPY, Intervention Risks Keep Traders Wary
USD Eases against JPY, Intervention Risks Keep Traders Wary

The dollar eased against ​the Japanese yen on Friday, with traders alert for a second round of intervention after Japanese authorities stepped in...

Vatican Finances Boosted by Gold, Real Estate Gains
Vatican Finances Boosted by Gold, Real Estate Gains

The Vatican's asset management arm said on Friday its ​operating surplus fell more than 60% in 2025, but its overall wealth rose thanks...

Veon Raises Outlook, Flags Digital Investments in Ukraine
Veon Raises Outlook, Flags Digital Investments in Ukraine

Veon, the parent company of Ukraine's leading mobile operator Kyivstar, raised ​its earnings outlook on Friday, signalling confidence ‌in...

ABB India Quarterly Profit Rises on Strong Demand
ABB India Quarterly Profit Rises on Strong Demand

Engineering services firm ABB India  on Friday reported a 3% rise in ​June-quarter profit, helped by strong demand ‌from...

Japan may have Sold Up to $59 bln in Yen-Buying Intervention
Japan may have Sold Up to $59 bln in Yen-Buying Intervention

Japan may have sold as much as $58.97 billion in its latest efforts to bolster its ​currency, central bank data indicated on Friday, signalling...

UK Markets Expect £50 bln of QT in Year to Sept 2027, BoE
UK Markets Expect £50 bln of QT in Year to Sept 2027, BoE

Investors expect the Bank of England to slow the pace at which it reduces its ​bond portfolio to £50 billion ($67 billion) in the 12 months...

EU Chemical Firms Post Solid Q2, Stay Cautious on Outlook
EU Chemical Firms Post Solid Q2, Stay Cautious on Outlook

European chemical companies reporting second-quarter results this week broadly beat market expectations through cost cuts, restructuring and...

India's Maruti Suzuki Posts Quarterly Profit Fall
India's Maruti Suzuki Posts Quarterly Profit Fall

Maruti Suzuki posted a lower ​first-quarter profit on Friday as ‌India's top carmaker by sales was hurt by higher raw material...

Sun Pharma's Quarterly Profit Jumps on Specialty Medicines Strength
Sun Pharma's Quarterly Profit Jumps on Specialty Medicines Strength

India's Sun Pharmaceutical Industries reported a 27% rise in first-quarter profit on Friday, ​driven by robust growth in its high-margin...

INR Posts Strongest Week since March on Central Bank Support
INR Posts Strongest Week since March on Central Bank Support

The Indian rupee ended stronger on Friday, with persistent central bank interventions boosting the currency to its ​strongest weekly gain since...

FTSE 100 Eyes Best Month Since Feb on Earnings, Energy
FTSE 100 Eyes Best Month Since Feb on Earnings, Energy

London's FTSE 100 hit an intraday record high for the third session in a row on Friday, and was set to register weekly and monthly gains, as...

China Factory Activity Shrinks in July on Weak Demand
China Factory Activity Shrinks in July on Weak Demand

China's factory activity unexpectedly slipped into contraction in July, pressured by shrinking new ​orders that reinforced concerns over...

Kioxia Forecasts $11.78 Billion Q2 Operating Profit
Kioxia Forecasts $11.78 Billion Q2 Operating Profit

Kioxia said on Friday it ​expects to report operating ‌profit of 1.89 trillion yen ($11.78 billion) in ​the July-September quarter ​as AI...

French State Bank Sells 2.5% Orange Stake for $1.3B
French State Bank Sells 2.5% Orange Stake for $1.3B

French state investment bank Bpifrance has sold ​66.5 million shares in ‌telecoms group Orange, 2.5% of the capital, for €16.57 apiece or...

BOJ Holds Rates, Signals Hawkish Pivot as FX Props Yen
BOJ Holds Rates, Signals Hawkish Pivot as FX Props Yen

The Bank of Japan kept interest rates steady on Friday but warned for the first time that underlying inflation could exceed its target, signalling...

Gold Slips but on Track to Snap Four-Month Losing Streak
Gold Slips but on Track to Snap Four-Month Losing Streak

Gold fell on ​Friday but was on course for its first monthly gain in five months, ‌supported by bargain buying around the $4,000 level, while...

Oil Falls more than $1 on Greater Flows Despite US-Iran War
Oil Falls more than $1 on Greater Flows Despite US-Iran War

Oil prices fell on Friday but kept on track for a monthly rise of about ​a fifth, as more supplies flowed through crucial maritime chokepoints,...

UK Annual House Price Growth Slows in July, Nationwide Says
UK Annual House Price Growth Slows in July, Nationwide Says

British house prices rose for the first time ​in three months in July, mortgage lender ‌Nationwide Building Society said on Friday, but the...

Yen Remains under Pressure after BOJ Keeps Rates Unchanged
Yen Remains under Pressure after BOJ Keeps Rates Unchanged

The yen stayed under pressure on Friday after the Bank of ​Japan held rates steady, paring some of the sharp gains sparked by coordinated...

Stocks Surge, Yen Awaits BOJ Presser After Intervention
Stocks Surge, Yen Awaits BOJ Presser After Intervention

Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent...

Wall Street Ends Sharply Higher, Lifted by Soaring Microsoft
Wall Street Ends Sharply Higher, Lifted by Soaring Microsoft

Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after...

Adani Energy Plans Share Sale by Early Next Fiscal: Sources
Adani Energy Plans Share Sale by Early Next Fiscal: Sources

India's Adani Energy Solutions may launch another share sale for institutional investors by early ​next fiscal year, after securing 35...

July 30, 2026
FTSE 100 Dips as Stronger Pound, Mixed Earnings Weigh
FTSE 100 Dips as Stronger Pound, Mixed Earnings Weigh

London's FTSE 100 closed ​slightly lower on Thursday after the Bank of England decided to keep ‌interest rates on hold and mixed earnings...

Yen Surges, Analysts Suspect Official Japanese Intervention
Yen Surges, Analysts Suspect Official Japanese Intervention

Japan's yen surged on Thursday against ​the U.S. dollar by the most since 2022, in what analysts said looked like official intervention by...

China's Unitree Flags US Sales Risk ahead of Shanghai IPO
China's Unitree Flags US Sales Risk ahead of Shanghai IPO

Chinese robotics ‌company Unitree Technology's exposure to the U.S. market could constrain overseas growth if Washington imposes...

Swiggy’s Instamart Profitability Improves, Stores to Expand
Swiggy’s Instamart Profitability Improves, Stores to Expand

India's Swiggy said ‌on Thursday its quarterly loss narrowed and a key profitability metric at its quick-delivery platform Instamart...

Traders Trim UK Rate Hike Bets After BoE Iran Comments
Traders Trim UK Rate Hike Bets After BoE Iran Comments

Britain's borrowing costs fell and sterling dipped on Thursday as traders ​nudged down their bets on UK rate hikes, after the Bank of...

Stellantis CEO Warns Turnaround Takes Time After Weak Q2
Stellantis CEO Warns Turnaround Takes Time After Weak Q2

Stellantis CEO Antonio Filosa cautioned that a major strategic overhaul would take time to bear fruit ​after the world's No. 4 automaker...

Brazil Household Debt Stays Flat Despite Lula Relief Push
Brazil Household Debt Stays Flat Despite Lula Relief Push

Brazilian household indebtedness eased only marginally in May, the first month of a broad government debt-renegotiation ​program launched by...

China Coal Power Share Falls Below 50% for First Time
China Coal Power Share Falls Below 50% for First Time

China, the world's largest coal consumer, generated less than 50% of its ​electricity from the fossil fuel in the six months to June, marking a...

Adidas Shares Plunge Record 19%, World Cup Bump Falls Short
Adidas Shares Plunge Record 19%, World Cup Bump Falls Short

Adidas investors punished ​the German sportswear maker's profit miss on Thursday, dragging its shares down a record 19% despite the...

Euro Zone Growth Beats Forecasts on AI, Consumer Strength
Euro Zone Growth Beats Forecasts on AI, Consumer Strength

The euro zone economy grew faster than expected last quarter as surging investment in AI, ample ​government spending and several one-off factors...

Indian Rupee Flat Amid Oil Swings and RBI Intervention
Indian Rupee Flat Amid Oil Swings and RBI Intervention

The Indian rupee closed nearly flat on Thursday as pressure from sustained volatility in oil prices ​and corporate dollar demand was blunted by...

Gold Steadies as Markets Weigh Fed Rates, Middle East
Gold Steadies as Markets Weigh Fed Rates, Middle East

Gold prices held steady on Thursday as investors assessed the ‌Federal Reserve's decision to keep interest rates unchanged this month and...

July Inflation Speeds Up in 4 German States, Hinting Rise
July Inflation Speeds Up in 4 German States, Hinting Rise

Inflation rose in four key German states in July, according to preliminary data published on ​Thursday, suggesting the national inflation rate...

McDonald's India Operator Profit Halves; Higher Costs Weigh
McDonald's India Operator Profit Halves; Higher Costs Weigh

Westlife Foodworld, a McDonald's ​operator in India, reported a ‌52% fall in quarterly profit on Thursday, as fast-food restaurants...

China Slump Hits BMW Earnings, Spurring Restructuring Call
China Slump Hits BMW Earnings, Spurring Restructuring Call

A severe slump in Chinese sales and the hit to consumer sentiment ​from the Middle East dealt a blow to BMW's earnings ‌in the second...

Spain's Economic Growth Accelerates to 0.7% in Q2
Spain's Economic Growth Accelerates to 0.7% in Q2

Spain's economic growth edged up to 0.7% in the second ​quarter after a 0.6% expansion ‌in the previous three-month period, preliminary...

UK H1 Vehicle Output Down 7.5%, Sector Sees Optimism
UK H1 Vehicle Output Down 7.5%, Sector Sees Optimism

UK vehicle production fell 7.5% in the first half of 2026 amid trade uncertainty, the Society of Motor Manufacturers and ​Traders said on Thursday,...

Dollar Recovers as Fed Holds Rates, US Strikes Iran
Dollar Recovers as Fed Holds Rates, US Strikes Iran

The U.S. dollar found its ‌footing in Asian trading on Thursday after the Federal Reserve kept its policy interest rate on hold and...

Asian Stocks Waver After Rout as Fed Keeps Markets Guessing
Asian Stocks Waver After Rout as Fed Keeps Markets Guessing

Asian stocks struggled for direction in volatile trading on Thursday after a week of market turbulence sparked by AI jitters, as a...


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