Economic news


Yen Firm, USD Drifts as Oil's Surge to $100 Chills Markets

Yen Firm, USD Drifts as Oil's Surge to $100 Chills Markets

The Japanese yen steadied ​near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 ‌per barrel in the face of a widening war in the Middle East. Iranian-backed Houthis&nbs...


September 9, 2026
Brent Crude Tops $100 as Middle East Conflict Intensifies
Brent Crude Tops $100 as Middle East Conflict Intensifies

Benchmark Brent crude oil futures rose ‌past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic...

Oil Eyes $100, Asian Stocks Sink as Mideast Tensions Rise
Oil Eyes $100, Asian Stocks Sink as Mideast Tensions Rise

Brent crude rallied towards $100 per barrel on ​Wednesday, keeping the mood in Asian stock markets subdued, as attacks intensified in...

Oil nears $100 as Fresh Mideast Strikes Raise Supply Risks
Oil nears $100 as Fresh Mideast Strikes Raise Supply Risks

Brent crude prices were trading close to $100 a barrel on Wednesday for the first ​time since July, as escalating attacks across the Middle East...

Indian Shares Fall on Crude Surge; Coforge Dips on CEO Exit
Indian Shares Fall on Crude Surge; Coforge Dips on CEO Exit

Indian shares fell on Wednesday as a fresh escalation in the Middle East conflict had Brent ​crude hurtling toward $100 per barrel, a pain point...

S&P 500 Falls as AI Worries Hit Software Makers
S&P 500 Falls as AI Worries Hit Software Makers

The S&P 500 ended lower on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle ​East lifted oil...

Japan Manufacturers' Mood Hits Near 5-y High on Chip Demand
Japan Manufacturers' Mood Hits Near 5-y High on Chip Demand

Business confidence among big Japanese manufacturers climbed in September to its ‌highest level since December 2021, buoyed by robust...

Rising Energy Costs Lift China Aug Producer, CPI Inflation
Rising Energy Costs Lift China Aug Producer, CPI Inflation

China's factory-gate inflation gathered pace in August and consumer price growth quickened, ​driven largely by elevated energy costs tied to...

Australia Sees No US Tie Threat Over Social Media Reforms
Australia Sees No US Tie Threat Over Social Media Reforms

Australia said on Wednesday it sees no risk to its relationship with the United States after reports that the Trump administration criticised...

September 8, 2026
GE Aerospace to Buy Castings Firm for $12B to Fix Bottleneck
GE Aerospace to Buy Castings Firm for $12B to Fix Bottleneck

GE Aerospace ​said on Tuesday it would buy castings supplier Consolidated Precision Products for $11.75 billion, bringing a key part of its...

Bombardier Shares Fall on Trump Threatens US Market Access
Bombardier Shares Fall on Trump Threatens US Market Access

Bombardier shares pared earlier losses on Tuesday after President Donald Trump threatened the Canadian ​private jet maker’s access to...

Qualcomm Inks AI Chip Deal With Amazon, Warrants for $4B
Qualcomm Inks AI Chip Deal With Amazon, Warrants for $4B

Qualcomm on ‌Tuesday said Amazon could buy up to $60 billion of its AI data-center chips and related products under a long-term...

Gulf Stocks Rise Amid US-Iran Tensions, Saudi Energy Strikes
Gulf Stocks Rise Amid US-Iran Tensions, Saudi Energy Strikes

Most Gulf markets ended slightly higher on Tuesday, though gains remained modest as escalating hostilities between Washington ​and Tehran kept...

UK Sells 30-Year Debt at Record Yield as Finances Strain
UK Sells 30-Year Debt at Record Yield as Finances Strain

Britain sold £4.25 billion ($5.75 billion) of 30-year ​bonds on Tuesday with the highest yield since comparable records began in 1998,...

Kalshi's $400M+ Commodity Volume Outpaces Early Crypto
Kalshi's $400M+ Commodity Volume Outpaces Early Crypto

Sept 8 (Reuters) - Prediction market startup Kalshi said on Tuesday monthly commodities trading volume on its platform was four times that of...

Amazon Hires Banks for First ever Sterling Bond Sale
Amazon Hires Banks for First ever Sterling Bond Sale

Amazon hired banks on Tuesday for its first ever sterling bond ​sale, according to a memo seen by Reuters, ‌as hyperscalers rush to raise...

Novartis Drug Setbacks Pressure Pipeline and CEO
Novartis Drug Setbacks Pressure Pipeline and CEO

Novartis said on Tuesday its experimental drug for a muscle-wasting disorder ​failed a late-stage study, the second major trial setback in...

Sterling Dips as Traders await Bailey's Remarks
Sterling Dips as Traders await Bailey's Remarks

The pound dipped against the dollar on Tuesday, as investors waited to hear from several Bank of England policymakers, including Governor Andrew...

Holtec Targets $10.2B US IPO Valuation as Fall Window Opens
Holtec Targets $10.2B US IPO Valuation as Fall Window Opens

Holtec is targeting a valuation of up to $10.2 billion in its U.S. initial public offering, ​the nuclear technology company said on Tuesday, as...

London Shares Inch Lower; Oil Rally Fuels Inflation Concerns
London Shares Inch Lower; Oil Rally Fuels Inflation Concerns

London's benchmark FTSE 100 was little changed ​on Tuesday as oil prices hit multi-week highs and dampened risk appetite ‌in a week packed...

Boston Scientific Misses 2026 Guidance After Cyberattack
Boston Scientific Misses 2026 Guidance After Cyberattack

Sept 8 (Reuters) - Boston Scientific said on Tuesday it no longer expects to meet ​its previously issued third-quarter and full-year 2026...

Longsys Drops 1% in HK Debut After $900M Share Sale
Longsys Drops 1% in HK Debut After $900M Share Sale

Shares of Shenzhen Longsys Electronics ended 1% lower in their Hong Kong debut on ​Tuesday, after the Chinese data storage products maker raised...

Yen Climbs to Seven-Month High on Hawkish BOJ Bets
Yen Climbs to Seven-Month High on Hawkish BOJ Bets

The Japanese yen ​climbed to a near seven-month high on Tuesday, as growing expectations of a Bank of Japan rate hike next ‌week sent bearish...

Oil Hits Multi-Week Highs After Houthi Saudi Attacks
Oil Hits Multi-Week Highs After Houthi Saudi Attacks

Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis ‌attacked Saudi energy facilities and Tehran threatened the United States...

China's Exports Surge on High-Tech, AI Demand
China's Exports Surge on High-Tech, AI Demand

China's export growth quickened last month, buoyed by strong overseas ​appetite for high-tech and AI-related products, providing vital support...

Asia Stocks Fall as Yen Surges, Iran Warns US of Retaliation
Asia Stocks Fall as Yen Surges, Iran Warns US of Retaliation

A surge in the yen and mixed economic data sent Asian stocks ​lower on Tuesday, while fresh Iranian threats in the Gulf drove commodity prices and...

Canada's Retaliatory Tariffs Take Effect as US Talks Stall
Canada's Retaliatory Tariffs Take Effect as US Talks Stall

Canada's retaliatory tariffs on U.S. goods took effect ​just after midnight on Tuesday as Prime Minister Mark Carney increased economic...

Japan July Real Wages Rise 2.4%, Biggest Gain since 2021
Japan July Real Wages Rise 2.4%, Biggest Gain since 2021

Japan's real wages rose 2.4% in July from a year earlier, marking the biggest increase since May 2021 ​and the seventh consecutive month of...

UK Retailers Aim for 100K Youth Jobs Over Next 3 Years
UK Retailers Aim for 100K Youth Jobs Over Next 3 Years

British retailers said on Tuesday that they would seek to create 100,000 jobs for young people not ​in employment or education by the time of next...

Nvidia-Backed Firmus, OpenAI Ink Malaysia Data Center Deal
Nvidia-Backed Firmus, OpenAI Ink Malaysia Data Center Deal

Sept 8 (Reuters) - Australia's Firmus said on Tuesday it had signed a multi-year deal with OpenAI to supply computing capacity ​from two...

September 7, 2026
Huawei, Xiaomi Launch Foldables Ahead of Apple Event
Huawei, Xiaomi Launch Foldables Ahead of Apple Event

Huawei and Xiaomi launched new flagship foldable smartphones on Monday, ‌stepping up competition in China's premium handset market...

Tech Explores Argentina's Patagonia for Mega Data Centers
Tech Explores Argentina's Patagonia for Mega Data Centers

Argentina's rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the...

TotalEnergies Cuts Papua LNG Stake, Hands Control to Exxon
TotalEnergies Cuts Papua LNG Stake, Hands Control to Exxon

TotalEnergies is cutting its stake in ‌Papua LNG and handing operatorship to ExxonMobil, the companies said on Monday, as pressure mounts...

UK's JLR to Cut Nearly 10% of Workforce in Turnaround
UK's JLR to Cut Nearly 10% of Workforce in Turnaround

Britain's Jaguar Land Rover said on ‌Monday it would cut nearly 10% of its workforce through voluntary redundancies over the next two...

Stocks Dented by Inflation Risk, Oil, Geopolitics
Stocks Dented by Inflation Risk, Oil, Geopolitics

Rising oil prices, conflict in the Middle ​East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower...

France's EDF in Talks to Buy So Energy to Expand in UK
France's EDF in Talks to Buy So Energy to Expand in UK

French state-owned electric utility EDF is ​in talks to acquire electricity supplier So ‌Energy, which is majority owned by Irish company ESB,...

Gold Eases as Strong US Jobs Data Boosts Fed Rate-Hike Bets
Gold Eases as Strong US Jobs Data Boosts Fed Rate-Hike Bets

Gold eased on Monday ‌after Friday's robust U.S. jobs report bolstered expectations for a Federal Reserve interest rate hike this month,...

French Wine Output among Lowest in 30 Years after Heatwaves
French Wine Output among Lowest in 30 Years after Heatwaves

France is likely to produce one ‌of the lowest amounts of wine in the last three decades, with champagne output set to halve this year, after...

Sterling Steadies on USD After Healey Speech, Tumbles on Yen
Sterling Steadies on USD After Healey Speech, Tumbles on Yen

The pound strengthened versus the dollar, held steady on the euro and dropped sharply against the Japanese yen on Monday, with British finance...

Audi Debuts New Compact EV in Bid to Boost European Sales
Audi Debuts New Compact EV in Bid to Boost European Sales

Premium German car brand Audi on Monday introduced a ‌new compact electric vehicle to boost its presence at the smaller end of the European...

Novo Nordisk: Semaglutide Cuts Child Obesity in Trial
Novo Nordisk: Semaglutide Cuts Child Obesity in Trial

Novo Nordisk said ​on Monday that in a late-stage trial, 40.4% ‌of children aged 6 to under 12 treated with semaglutide, the active...

German Industrial Output Falls Unexpectedly in July
German Industrial Output Falls Unexpectedly in July

German industrial production ​fell unexpectedly in July, dragged down by a sharp drop in car manufacturing, and economists do not expect the...

Taiwan's Wistron Launches $1.5B GDS Sale to Buy Materials
Taiwan's Wistron Launches $1.5B GDS Sale to Buy Materials

Nvidia supplier Wistron Corp ​has launched an offering of 25 million global depositary ‌shares, worth up to $1.48 billion, to fund...


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