Economic news


US Crude Stocks Rise,Gasoline and Distillate Inventories Fall, EIA

US Crude Stocks Rise,Gasoline and Distillate Inventories Fall, EIA

U.S. crude stocks rose while gasoline and distillate inventories fell ​last week, the Energy Information Administration said on Wednesday. Crude ‌inventories rose by 3.1 million barrels to 464.7 million barrels in the week ended April 3, the EIA said, compared with analysts' expecta...


April 8, 2026
Levi Strauss Shares Rise as Pricey Denim Sales Smooth over Tariff Hit
Levi Strauss Shares Rise as Pricey Denim Sales Smooth over Tariff Hit

Levi Strauss' shares jumped about 10% on Wednesday as investors cheered its strongest quarterly revenue growth in nearly four years, with...

Airline and Travel Industries See no Immediate Relief from Iran Ceasefire
Airline and Travel Industries See no Immediate Relief from Iran Ceasefire

U.S. President Donald Trump's ​two-week ceasefire with Iran is unlikely to provide immediate relief to the global aviation industry as it reels...

Chinese Electric Truck Maker Windrose Makes 1st US Delivery
Chinese Electric Truck Maker Windrose Makes 1st US Delivery

Chinese electric truck startup Windrose said ​it had made the ‌first delivery of its long‑haul electric heavy truck in ​the United States,...

S.African Markets Rally, US-Iran Ceasefire Boosts Risk Appetit
S.African Markets Rally, US-Iran Ceasefire Boosts Risk Appetit

South Africa's rand, government bonds and stocks surged on ‌Wednesday, paring some of the losses amassed since the start of the Iran...

Pound Heads for Biggest Gain in 3 wks after US/Iran Ceasefire
Pound Heads for Biggest Gain in 3 wks after US/Iran Ceasefire

The pound headed for its biggest one-day gain in three weeks on Wednesday, after the United States and Iran agreed to a two-week...

India Raises HPCL Rajasthan Refinery Project Cost to $8.6B
India Raises HPCL Rajasthan Refinery Project Cost to $8.6B

India's cabinet approved an 84% increase in the project ​costs of HPCL Rajasthan Refinery Ltd (HRRL) to ‌794.59 billion rupees ($8.60...

Global Energy Shares Drop , Oil Plunges on US-Iran Ceasefire
Global Energy Shares Drop , Oil Plunges on US-Iran Ceasefire

U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the ​hefty war premium built into oil...

US Bank Profits to Rise on Deals, Iran War Fuels Outlook Uncertainty
US Bank Profits to Rise on Deals, Iran War Fuels Outlook Uncertainty

Large U.S. banks are set to post higher quarterly earnings on strong interest income and investment banking fees, analyst estimates show, though...

FTSE 100 Rallies to 1-mth High Following US-Iran Ceasefire Agreement
FTSE 100 Rallies to 1-mth High Following US-Iran Ceasefire Agreement

The UK's FTSE 100 rallied to ​one-month highs on Wednesday after an agreement between the United States ‌and Iran on a two-week ceasefire,...

Rupee Extends Rally, Forward Premiums Slump as Oil Dives on Ceasefire
Rupee Extends Rally, Forward Premiums Slump as Oil Dives on Ceasefire

The Indian rupee gained for the fourth consecutive session on Wednesday, while forward premiums declined as a plunge in oil prices after the...

Swiss Banks to Test Possible Uses for Swiss Franc Stablecoin
Swiss Banks to Test Possible Uses for Swiss Franc Stablecoin

Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin ​in Switzerland, UBS said on Wednesday, as...

UK Builders Report Biggest Leap in Cost Inflation on Record, PMI
UK Builders Report Biggest Leap in Cost Inflation on Record, PMI

British construction firms reported the biggest rise in cost inflation from one month to the next on record in March ​and the Iran war also hit new...

Germany's Feb Industrial Orders Up, Albeit Far below Forecasts
Germany's Feb Industrial Orders Up, Albeit Far below Forecasts

German industrial orders climbed in February from a month earlier but fell ‌far short of expectations, underscoring less-than-robust business...

UK Builders Report Biggest Leap in Cost Inflation on Record, PMI
UK Builders Report Biggest Leap in Cost Inflation on Record, PMI

British construction firms reported the biggest rise in cost inflation from one month to the next on record in March ​and the Iran war also hit new...

SK Hynix Shares Jump 15% after Peer Samsung Projects Blowout Earnings
SK Hynix Shares Jump 15% after Peer Samsung Projects Blowout Earnings

Shares of South Korean ​chipmaker SK Hynix surged on Wednesday ‌after peer Samsung Electronics forecast market-beating...

German Exporters Stay Upbeat Despite Iran War, Allianz Trade
German Exporters Stay Upbeat Despite Iran War, Allianz Trade

German exporters are still broadly optimistic about growth in overseas sales despite the Iran ​war, although concerns over payment delays, supply...

India's Titan Hits Record High on Strong 4th-Quarter Sales
India's Titan Hits Record High on Strong 4th-Quarter Sales

Shares of Indian jeweller Titan Company rose as much as 5.7% ​to hit a record high on Wednesday, after ‌posting a 42% rise in quarterly...

Japanese Investors Bought $14B of Overseas Stocks in March, most since US Tariff Shock
Japanese Investors Bought $14B of Overseas Stocks in March, most since US Tariff Shock

Japanese investors invested the most in foreign equities in nearly a year in March, as the recent weakness in the ​yen and the relatively cheaper...

Gold Climbs, Markets Reassess Risks on Pauses Iran Attacks
Gold Climbs, Markets Reassess Risks on Pauses Iran Attacks

Gold prices climbed ‌to a nearly three-week high on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump agreed...

UK House Prices Dropped in March as Iran War Weighed on Outlook, Halifax
UK House Prices Dropped in March as Iran War Weighed on Outlook, Halifax

British house prices slid unexpectedly last month ​as economic uncertainty stemming from the ‌Iran war hurt buyer demand, mortgage lender...

India Cbank Holds Rates as Mideast Crisis Clouds Growth, Stokes Inflation Risks
India Cbank Holds Rates as Mideast Crisis Clouds Growth, Stokes Inflation Risks

The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and ​higher inflation as the...

Oil Dives below $100, Stocks Jump after 2-wk Ceasefire Agreed
Oil Dives below $100, Stocks Jump after 2-wk Ceasefire Agreed

Oil prices slid, stocks and bonds surged while the safe-haven dollar was knocked back on Wednesday, as ​a two-week Middle...

Vietnam Set for $6B Inflows after Securing Long-Awaited Emerging Market Status
Vietnam Set for $6B Inflows after Securing Long-Awaited Emerging Market Status

Vietnam's stock market regulator expects FTSE Russell's long-awaited confirmation of the country's emerging market status...

China Vanke Offers 40% Upfront Payment in Return for Bond Extension, Sources
China Vanke Offers 40% Upfront Payment in Return for Bond Extension, Sources

Embattled property developer China Vanke Co, is offering to repay upfront 40% of the principal of a yuan ​bond due this month in return for a...

April 7, 2026
US Business Spending on Equipment on Solid Ground before Iran War
US Business Spending on Equipment on Solid Ground before Iran War

Core capital goods orders increase 0.6% in February Shipments of core capital goods jump 0.9% Durable goods orders drop 1.4% on commercial...

UK Stocks Fall in Broad-Based Declines, Trump's Iran Deadline Looms
UK Stocks Fall in Broad-Based Declines, Trump's Iran Deadline Looms

UK shares ended lower in broader-based losses on Tuesday, as investors turned risk-averse heading into U.S. ​President Donald Trump's deadline...

India Extends IPO Approvals, Middle East Conflict Hurts Market Sentiment
India Extends IPO Approvals, Middle East Conflict Hurts Market Sentiment

India markets regulator on Tuesday granted a one-time extension for approved ‌public offers that are being deferred due to weak market...

Novo Nordisk Launches Higher-Dose Wegovy in United States
Novo Nordisk Launches Higher-Dose Wegovy in United States

Novo Nordisk said on Tuesday that it has made a higher-dose ​version of its blockbuster weight-loss drug ‌Wegovy available across the...

China's Central Bank Maintains Gold Buying for 17th Month
China's Central Bank Maintains Gold Buying for 17th Month

China's central bank stayed the course on gold purchases for a 17th ​consecutive month, data from the People's Bank of ‌China (PBOC)...

India Weighs Austerity Steps, Sees no Immediate Risk to FY27 Deficit Goal, Sources
India Weighs Austerity Steps, Sees no Immediate Risk to FY27 Deficit Goal, Sources

India sees ​no immediate risks to its fiscal deficit target for the financial year that began on April ‌1, and will continue to prioritise...

Soaring Costs, Fuel Shortage Fears Drive Pakistan to Electric Motorbikes
Soaring Costs, Fuel Shortage Fears Drive Pakistan to Electric Motorbikes

Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of U.S. ​and Israeli attacks in late...

Gold Rises as USD and Oil Soften; Investors Focused on Middle East
Gold Rises as USD and Oil Soften; Investors Focused on Middle East

Gold prices gained ​on Tuesday, as the dollar softened and oil prices fell, while investors remained ‌focused on any signs of progress to...

Sterling Not Far from Early Mar Levels against the Euro
Sterling Not Far from Early Mar Levels against the Euro

Sterling edged higher on Tuesday but remained near early-March levels against the euro and close to a more than four‑month low versus ​the...

Oil Prices Hover around $110/bbl, Hormuz Stays Shut ahead of Trump Deadline
Oil Prices Hover around $110/bbl, Hormuz Stays Shut ahead of Trump Deadline

Oil prices hovered around $110 ‌a barrel on Tuesday as a deadline imposed by U.S. President Donald Trump loomed for Iran to open the...

Unexpected Repayment of $3.5B UAE Loan Puts Pressure on Pakistani Economy
Unexpected Repayment of $3.5B UAE Loan Puts Pressure on Pakistani Economy

Pakistan will return a $3.5 ​billion loan to the United Arab Emirates this month, two government officials said on Tuesday, ‌raising...

Pershing Square Proposes $64B Universal Music Merger with Acquisition Company
Pershing Square Proposes $64B Universal Music Merger with Acquisition Company

Bill Ackman's Pershing Square ‌on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to...

Stocks Nervy, Oil above $110 as Trump's Iran Deadline Nears
Stocks Nervy, Oil above $110 as Trump's Iran Deadline Nears

Global stocks wavered on Tuesday, while oil prices edged above $110 per ​barrel as the looming deadline imposed by U.S. President Donald Trump for...

France's Services Sector Contracts in Mar, Middle East War Hits Demand, PMI
France's Services Sector Contracts in Mar, Middle East War Hits Demand, PMI

France's services sector contracted further in March as client spending weakened due to the war ​in the Middle East and caution among...

UK Services Firms Report Surge in Costs, Fading Optimism as Iran War Takes Toll
UK Services Firms Report Surge in Costs, Fading Optimism as Iran War Takes Toll

Businesses in Britain's services sector reported the biggest month-on-month jump in costs in March since 2021, driven by higher energy and...

German Service Sector Growth Slows to 7-Month Low, PMI Shows
German Service Sector Growth Slows to 7-Month Low, PMI Shows

Business activity growth in Germany's service sector abruptly lost momentum in March as demand weakened amid fallout ​from the war in the...

LG Energy Solution Flags Q1 Operating Loss on Weak EV Demand
LG Energy Solution Flags Q1 Operating Loss on Weak EV Demand

South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion ​won...

Brazil Puts China's BYD on List of Shame for Workers' Past Slavery-Like Conditions
Brazil Puts China's BYD on List of Shame for Workers' Past Slavery-Like Conditions

Brazil has put China's BYD on a ‌registry of employers who have subjected workers to conditions similar to slavery, after a 2024...


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