Economic news

The Japanese yen softened against the greenback on Friday as investors remained on watch for potential intervention to shore up the currency, while...

China Vanke's bondholders approved a proposal by the state-backed developer to extend the grace period for a 3.7 billion yuan ($528...

Indian IT services provider Coforge said on Friday it would acquire U.S.-based AI firm Encora from private equity groups Advent International and...

Chinese companies developing reusable commercial rockets will have access to a fast lane for initial public offerings on the tech-heavy STAR market...

Russia's central bank said on Friday that it will halve its own forex interventions from the new year in an expected move that will take away...

The Indian rupee ended a tad lower on Friday and posted a weekly loss, as steady dollar demand from corporates and in the non-deliverable forwards...

Oil prices were stable on Friday as investors weighed potential supply risks from developing geopolitical tensions in a thinly-attended...

Silver smashed through the $75 mark for the first time on Friday, with gold and platinum also rising to all-time highs, as bets on U.S. rate cuts...

China pledged on Friday to double down on upgrading its manufacturing base and promised capital to fund efforts targeting technological...

Japan's government on Friday proposed record spending for next fiscal year while curbing debt issuance, underscoring Prime Minister Sanae...

Japan's finance ministry will over the next fiscal year issue the fewest super-long government bonds, known as JGBs, in 17 years, according to...

Platinum jumped to an all-time high on Friday, on track for its biggest annual rise ever, as supply constraints, an unexpected EU...

Asian stocks rose to their highest in six weeks on Friday and a blistering rally in precious metals showed no signs of tempering as investors...

Most stock markets in the Gulf eased on Thursday, as weaker oil prices drove selling in thin volume trade as the Christmas holidays kept foreign...

Japan's government revised up its economic forecast for the fiscal year to next March and projected that growth would accelerate in the...

Taiwan's Foxtron Vehicle Technologies, a joint venture between Foxconn and Yulon Motor, launched an electric vehicle model called Bria on...

The Chinese government would like to see companies reach solutions that comply with Chinese laws and regulations and balance the interests of all...

Russia has pushed back by "several years" a plan to reach an annual liquefied natural gas output target of 100 million tons, Deputy Prime...

Japan Iron and Steel Federation Chairman Tadashi Imai said on Thursday that China's planned export-licence requirement would not be effective...

Japanese Prime Minister Sanae Takaichi sought on Thursday to ease market concerns over her expansionary fiscal policy, saying the government's...

Paramount Skydance's latest offer to buy Warner Bros Discovery is still not good enough for prominent shareholder Harris Oakmark, the...

Packaged food makers and fast-food restaurants may be forced to overhaul more of their products next year as newly approved, appetite-suppressing...

Japan's Sapporo Holdings will sell its real estate business to a consortium led by private equity firms KKR and PAG for 477 billion...

Shipments of foreign-branded mobile phones, including Apple's iPhones, rose 128.4% in China in November from the same month last year,...

A ticket sold in Arkansas scored a $1.8 billion Powerball jackpot after Wednesday night's draw — one of the richest lottery prizes in...

U.S. stocks closed higher on Wednesday, as the Dow Industrials and S&P 500 registered record closing highs in a broad rally during a...

Oil settled marginally lower on Wednesday, and prices were on course for their steepest annual decline since 2020 as investors weighed U.S....

Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet's Google, Groq said in a...

The number of Americans filing new applications for jobless benefits unexpectedly fell last week, consistent with a low level of layoffs, but the...

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising...

Shares of Agios Pharmaceuticals jumped nearly 16% on Wednesday after the U.S. Food and Drug Administration approved the expanded use of its...

Packaged food makers and fast-food restaurants may be forced to overhaul more of their products next year as newly approved, appetite-suppressing...

Most stock markets in the Gulf eased on Wednesday in thin trade, despite firmer oil prices, although crude is on track for its largest annual...

The U.S. auto safety regulator said on Wednesday it has opened a defect investigation into Tesla Model 3 compact sedans over concerns that...

The pound held around a three-month high against a broadly softer dollar and near its firmest in two months against the euro on Wednesday, although...

 Sanofi will buy U.S. vaccines company Dynavax Technologies for around $2.2 billion (1.9 billion euros), the French drugmaker said...

China's farmers are up to their ears in milk and Beijing's decision to apply tariffs on dairy imports from the European Union is expected...

The U.S. dollar was on the back foot on Wednesday and set for its biggest yearly fall since 2017, possibly with more to come, as investors wagered...

BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for about $6 billion, a significant...

The FTSE 100 edged lower on Wednesday, with homebuilder gains countered by declines in healthcare amid a truncated Christmas Eve session. The...

Global shares steadied near record highs on Wednesday, capping a year of brisk artificial intelligence-driven gains, while commodities, such as...

U.S. private equity firm Warburg Pincus and India's Bharti Enterprises will together purchase a 49% stake in appliance maker Haier India, the...