Economic news


London Stocks Rise Ahead of Warsh's Jackson Hole Speech

London Stocks Rise Ahead of Warsh's Jackson Hole Speech

UK stocks edged higher on Friday as investors digested several corporate updates and awaited Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium. The blue-chip ​FTSE 100 rose 0.1% to 10,807,89 points by 1054 GMT, on course ​to end the week nearly flat. The midca...


August 28, 2026
US Job Growth Revised Modestly Downward in BLS Data
US Job Growth Revised Modestly Downward in BLS Data

U.S. employment grew slightly less than previously estimated in the 12 months through March, the government said on Friday, suggesting the modest...

PayPal Stock Sinks as Advent-Stripe Bid Collapses
PayPal Stock Sinks as Advent-Stripe Bid Collapses

PayPal shares fell 12% in ​morning trading on Friday, after reports that a consortium of buyout firm Advent International and payment...

Pasqal Shares Leap as French Quantum Firm Makes Nasdaq Debut
Pasqal Shares Leap as French Quantum Firm Makes Nasdaq Debut

Aug 28 (Reuters) - Shares of French quantum-computing company Pasqal rose by as much as 73% ​in their Nasdaq debut on Friday before paring gains to...

Gap Climbs on Old Navy Leadership Shift, Higher Outlook
Gap Climbs on Old Navy Leadership Shift, Higher Outlook

Gap's shares jumped as much as 24.1% to a four-month ​high, after the apparel retailer named industry veteran Michael Francis as CEO of...

Blackstone Offers to Sell Up to 25% of India's Knowledge REIT for over $1B
Blackstone Offers to Sell Up to 25% of India's Knowledge REIT for over $1B

Blackstone has proposed to sell up ​to 25.03% of Indian real estate investment ‌trust Knowledge Realty Trust in an offer for sale,...

India July Output Growth Slows to 6.7% as Mining Drops
India July Output Growth Slows to 6.7% as Mining Drops

India's industrial output growth slowed to 6.7% year-on-year in July, data ​showed on Friday, as mining activity contracted, with...

Japan Spent Record $96.5B to Support Yen Over Past Month
Japan Spent Record $96.5B to Support Yen Over Past Month

Japanese authorities spent a ​record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to...

India's Markets Regulator Approves Jio Platforms' $3.8B IPO
India's Markets Regulator Approves Jio Platforms' $3.8B IPO

India's markets regulator approved billionaire Mukesh Ambani-owned Jio Platforms' $3.8 ​billion initial public offering on Friday,...

Pound Heads for Weekly Loss, Focus on Jackson Hole Symposium
Pound Heads for Weekly Loss, Focus on Jackson Hole Symposium

Sterling was headed for its first weekly drop ​against the dollar in more than a month on Friday as expectations for a Bank ‌of England...

Google Changes Spam Policy in EU to Avert Antitrust Fine
Google Changes Spam Policy in EU to Avert Antitrust Fine

Alphabet's Google on Friday said it had changed its spam policy, opens new tab in Europe to ​address EU concerns that could have...

Oil Flat, Set for Weekly Loss on Stalled US-Iran Talks
Oil Flat, Set for Weekly Loss on Stalled US-Iran Talks

Oil prices held steady on Friday but were on track for a weekly drop as traders weighed stagnant U.S.-Iran diplomatic talks against some crude...

Gold Inches Up Ahead of Warsh's Jackson Hole Speech
Gold Inches Up Ahead of Warsh's Jackson Hole Speech

Gold prices ticked up on Friday, with ​investors looking out for Federal Reserve Chair Kevin Warsh's remarks at the ‌Jackson Hole...

Dollar Heads for Weekly Gain as Warsh Remarks Awaited
Dollar Heads for Weekly Gain as Warsh Remarks Awaited

The U.S. dollar held firm near a one-week high against major peers ​on Friday, as investors stood on the sidelines ahead of Federal...

German Unemployment Rises Slightly Less than Expected in Aug
German Unemployment Rises Slightly Less than Expected in Aug

The number of unemployed people in Germany rose slightly less ​than expected in August, labour office figures showed ‌on Friday. In...

Shares Cautious, FX and Bonds Hold Breath Ahead of Warsh
Shares Cautious, FX and Bonds Hold Breath Ahead of Warsh

Shares in Asia turned cautious on Friday after a Nvidia-fuelled technology rally, while currency and bond markets held their breath for the...

Nasdaq, S&P 500 Rise on Nvidia Outlook Ahead of Warsh Speech
Nasdaq, S&P 500 Rise on Nvidia Outlook Ahead of Warsh Speech

The technology-heavy Nasdaq outperformed peers at the close of trade on Thursday after chip maker Nvidia's bumper revenue forecast reaffirmed...

SK Hynix Sees Memory Deficit to 2030, Indiana Output in 2029
SK Hynix Sees Memory Deficit to 2030, Indiana Output in 2029

South ‌Korean chipmaker SK Hynix said on Thursday it plans to begin volume production of its next-generation HBM4E chips at its Indiana...

Tokyo Core Inflation Nears BOJ Target, Boosting Hike Odds
Tokyo Core Inflation Nears BOJ Target, Boosting Hike Odds

Annual core inflation in Tokyo accelerated in August for the third ‌straight month, data showed on Friday, a sign of broadening price...

August 27, 2026
Britain's FTSE 100 Slips as Banks, Energy Stocks Slide
Britain's FTSE 100 Slips as Banks, Energy Stocks Slide

London's FTSE 100 ‌slipped for a second straight session on Thursday as weakness in bank and energy stocks eclipsed gains in data and...

Dollar Flat after Data as Focus Shifts to Jackson Hole
Dollar Flat after Data as Focus Shifts to Jackson Hole

The dollar was little ​changed on Thursday after a round of economic data, while attention began to shift towards a speech by Federal ‌Reserve...

Shein's Hong Kong IPO Values Firm at $26.5B, Sources Say
Shein's Hong Kong IPO Values Firm at $26.5B, Sources Say

Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its ​marketed range, raising...

Brazil's July Current Account Deficit Widens to 7-Year High
Brazil's July Current Account Deficit Widens to 7-Year High

Brazil's current account deficit widened far more than expected ​in July, central bank data showed on ‌Thursday, reaching its largest...

SNB's Martin Backs Tougher Capital Rules for UBS
SNB's Martin Backs Tougher Capital Rules for UBS

The Swiss National Bank on Wednesday repeated its backing for the government's banking reform proposals, as the debate on plans to ​make...

SK Hynix Breaks Ground on $4B Indiana AI Chip Plant
SK Hynix Breaks Ground on $4B Indiana AI Chip Plant

South Korean chipmaker SK Hynix on Thursday ‌held a groundbreaking ceremony for an advanced packaging and research facility in Indiana...

Meta's Social Deal Leaves Its Revenue Machine Unscathed
Meta's Social Deal Leaves Its Revenue Machine Unscathed

Meta Platforms emerged from its biggest legal challenge in the U.S. with its core business intact. The social media giant...

Dollar Stores Beat Sales Estimates on Low-Cost Goods Demand
Dollar Stores Beat Sales Estimates on Low-Cost Goods Demand

Dollar General and Dollar Tree surpassed quarterly sales estimates on Thursday as lower-priced essentials drove consumers to their stores...

Visa, Mastercard Launch Syria Payments as US Lifts Sanctions
Visa, Mastercard Launch Syria Payments as US Lifts Sanctions

Visa and Mastercard carried out their first international card ​transactions in Syria on Wednesday, a major step in reconnecting the country with...

US Jobless Claims Dip; Goods Trade Deficit Widens in July
US Jobless Claims Dip; Goods Trade Deficit Widens in July

The number of Americans filing claims for unemployment benefits fell last week, suggesting that the labor market remains stable ​despite a surprise...

Best Buy Raises Annual Forecasts as AI Spurs Device Upgrades
Best Buy Raises Annual Forecasts as AI Spurs Device Upgrades

Best Buy raised its ​full-year sales and profit forecasts on Thursday, betting on an AI-fueled device upgrade ‌cycle and growth in newer...

China Launches Auto Quality Drive, Mandates Defect Recalls
China Launches Auto Quality Drive, Mandates Defect Recalls

Chinese regulators on Thursday ordered automakers to file proactive recall plans for any defects uncovered in self-audits, as part of ​a year-long...

Hormel Foods Cuts Annual Sales Forecast as Demand Slacks
Hormel Foods Cuts Annual Sales Forecast as Demand Slacks

Hormel Foods cut its annual sales forecast on Thursday, weighed down by declines in the retail segment and weak demand ​for private-label...

CNOOC Sees Potential for US-China Energy Cooperation
CNOOC Sees Potential for US-China Energy Cooperation

Chinese state-owned oil and gas major CNOOC sees potential for energy ​cooperation between China and the United States, its ‌CEO said on...

Rupee Dips as Importer Dollar Demand Overpowers Gains
Rupee Dips as Importer Dollar Demand Overpowers Gains

The Indian rupee declined, giving up tepid early gains on Thursday, as importer dollar demand picked ​up pace. The rupee ended at 95.54 per...

Dollar Tree Beats Revenue Forecast on Steady Demand
Dollar Tree Beats Revenue Forecast on Steady Demand

Discount retailer ​Dollar Tree beat Wall Street ‌estimates for second-quarter revenue on Thursday, buoyed by resilient demand ​for its...

Sterling Slips as Rate Hike Bets Fade Ahead of Jackson Hole
Sterling Slips as Rate Hike Bets Fade Ahead of Jackson Hole

Sterling eased to ​a one-week low against the dollar and the euro as investors pared expectations for ‌an interest rate hike by the Bank of...

French Telco Iliad's Core Profit Rises 2% on Italy Strength
French Telco Iliad's Core Profit Rises 2% on Italy Strength

French telecom operator Iliad posted a 2.2% rise ​in its half-year core profit on Thursday, buoyed by strong performance ‌in Italy. The...

Euro Zone Lending Growth Picks Up, ECB Says
Euro Zone Lending Growth Picks Up, ECB Says

Growth in bank lending ​to euro zone ‌companies and households accelerated in ​July, the first ​full month after ⁠the European Central...

Delivery Hero Lifts 2026 Outlook Amid Uber Buyout Bid
Delivery Hero Lifts 2026 Outlook Amid Uber Buyout Bid

Aug 27 (Reuters) - German online takeaway food company Delivery Hero, ‌subject to a takeover offer by U.S.-based rival Uber, lifted...

German Consumer Sentiment Rises into September, Survey Finds
German Consumer Sentiment Rises into September, Survey Finds

German consumer sentiment is set to increase going into September, with gains in economic and income expectations helping to counter...

Wall St Dip After Hot Inflation Data Ahead of Nvidia Results
Wall St Dip After Hot Inflation Data Ahead of Nvidia Results

Wall Street's main indexes closed slightly lower on Wednesday after a U.S. inflation reading ​came in hotter than expected, while many...

UK July Auto Output Drops on Weak Exports, Plant Shutdowns
UK July Auto Output Drops on Weak Exports, Plant Shutdowns

British vehicle production fell 11.6% year-on-year in July as weaker exports and earlier summer maintenance shutdowns at some plants weighed on...

VW CEO, Labor Boss Dig In Ahead of Key Board Meeting
VW CEO, Labor Boss Dig In Ahead of Key Board Meeting

Volkswagen's management and labour leaders ​dug in on Wednesday ahead of a crucial board meeting next week, with CEO Oliver Blume pushing...


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