Economic news


US Jobless Claims Hover Near 57-Year Low for 4th Week

US Jobless Claims Hover Near 57-Year Low for 4th Week

The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September. Weekly jobless claims have now remained near 57-year lows for four ​straight weeks, the report from ...


October 8, 2026
India's TCS Posts Weakest Q3 Growth in 3 Years
India's TCS Posts Weakest Q3 Growth in 3 Years

Tata Consultancy Services reported its weakest September-quarter sequential revenue growth ‌in three years, signaling continued pressure...

FTSE 100 Slips as Bond Yields Hit Multi-Decade Highs
FTSE 100 Slips as Bond Yields Hit Multi-Decade Highs

London stocks slipped on Thursday as surging oil prices and a global bond rout brought inflation worries back ​to the forefront, but sharp gains in...

German Government Raises Growth Forecasts for 2026 and 2027
German Government Raises Growth Forecasts for 2026 and 2027

The German government ​has raised its economic growth forecasts for this year and next, as the Iran war is not hurting the economy ‌as much as...

Samsung Flags Record $80B Profit on AI Boom in Q3
Samsung Flags Record $80B Profit on AI Boom in Q3

Samsung Electronics on Thursday projected its quarterly ​profit would top 100 trillion won, a world first for a technology company, estimating...

US Bank Investors Focus on Rates, Deals in Q3 Earnings
US Bank Investors Focus on Rates, Deals in Q3 Earnings

Investors will scrutinize US quarterly bank earnings next week for signs that a recent spike in Treasury ​yields may curb dealmaking and lending...

Europe's Woes Give Dollar Bulls Fresh Reason to Press On
Europe's Woes Give Dollar Bulls Fresh Reason to Press On

The US dollar has surged to an 18-month high this fall, with the latest gains driven by uncertainty across the ​Atlantic that is emboldening some...

Taiwan Sept Exports Hit Record on AI Demand, US Leads
Taiwan Sept Exports Hit Record on AI Demand, US Leads

Taiwan's exports rose more than expected to ​a record monthly level for a second straight ‌month in September, lifted by demand for the...

Pfizer to Cut around 330 Jobs in Italy, Unions Say
Pfizer to Cut around 330 Jobs in Italy, Unions Say

Pfizer will cut around 330 jobs at ​its plant in Sicily, trade unions said on ‌Wednesday, making the US drugmaker the latest...

Thai Central Bank in No Rush to Raise Rates, Governor Says
Thai Central Bank in No Rush to Raise Rates, Governor Says

Thailand's central bank chief said on Thursday there is no rush to raise interest rates and ​monetary policy could not address structural...

Fast Retailing Posts 32% Profit Rise, Beats Forecasts
Fast Retailing Posts 32% Profit Rise, Beats Forecasts

Japan's Fast Retailing, owner of global clothing brand Uniqlo, booked its fifth consecutive record annual profit on Thursday, citing strong...

US, Russia Explore Gas Sales to Europe Amid War, Sources Say
US, Russia Explore Gas Sales to Europe Amid War, Sources Say

Top Russian and US officials, including US Special Envoy Jared Kushner, have held talks about bringing a US investor into the Nord Stream pipelines...

Bank of Japan Sees Broadening Inflationary Pressure
Bank of Japan Sees Broadening Inflationary Pressure

The Bank of Japan said price ‌increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices...

TSMC's Q3 Revenue Surges to Record, Beating Market Forecast
TSMC's Q3 Revenue Surges to Record, Beating Market Forecast

TSMC, the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating...

Daimler Truck Q3 Sales Rise 26% on N.America, Europe Growth
Daimler Truck Q3 Sales Rise 26% on N.America, Europe Growth

Daimler Truck reported ‌26% growth in third-quarter vehicle sales on Thursday, as deliveries increased at both its ​North American unit...

Oil Rises as Mideast Supply Concerns Persist on Attacks
Oil Rises as Mideast Supply Concerns Persist on Attacks

Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing ‌region amid an increase in attacks on...

Asia Shares Slip, Bonds Submerged in Tide of AI Debt
Asia Shares Slip, Bonds Submerged in Tide of AI Debt

Asian shares slid on Thursday as strains in sovereign bond markets were aggravated ​by reports some major tech companies were seeking to raise...

Wall Street Ends Lower, Off Record Highs, as Yields Climb
Wall Street Ends Lower, Off Record Highs, as Yields Climb

Wall Street closed lower on Wednesday, as long-dated US Treasury yields resumed their climb, reviving fears about inflation and mounting debt the...

October 7, 2026
UK 30-Year Gilt Yields Hit 28-Year High in Global Selloff
UK 30-Year Gilt Yields Hit 28-Year High in Global Selloff

British 30-year bond yields rose to a 28-year high on Wednesday as a global bond selloff pushed ​equivalent US borrowing costs to their highest...

European Bank Shares Fall; Bond Yields Surge, Spreads Widen
European Bank Shares Fall; Bond Yields Surge, Spreads Widen

Shares in top European banks fell sharply on Wednesday as a renewed bond ​selloff and rising oil prices stoked concerns ‌that inflation could...

Oil Rises as Investors Mull Supply Threats
Oil Rises as Investors Mull Supply Threats

Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for...

Banks Lead FTSE 100 Lower as Gilt Yields, Oil Prices Climb
Banks Lead FTSE 100 Lower as Gilt Yields, Oil Prices Climb

UK's FTSE 100 edged ​lower on Wednesday after three consecutive sessions of gains, weighed ‌down by banking stocks, as rising oil prices...

Sterling Hits 16-Mth Highs vs Euro; French Fiscal Woes Mount
Sterling Hits 16-Mth Highs vs Euro; French Fiscal Woes Mount

Sterling scaled a 16-month high against the euro on Wednesday as France's fiscal concerns continued to weigh on the single currency, ​although...

IMF Chief Warns Energy Shock, Debt and AI Threaten Growth
IMF Chief Warns Energy Shock, Debt and AI Threaten Growth

The global economy is under threat from persistently high energy prices, ​record public debt and risks from the AI investment boom, International...

Porsche Braces for Lower Sales, Seeks Lifeline in Luxury
Porsche Braces for Lower Sales, Seeks Lifeline in Luxury

Porsche is reshaping its business ‌for a future with lower sales volumes, the sports car maker said on Wednesday, betting that a greater...

European Shares, Euro Fall on Energy Shock, Fiscal Worries
European Shares, Euro Fall on Energy Shock, Fiscal Worries

European stocks and the euro dropped on Wednesday as oil prices rose above $100 amid renewed Middle ​East tensions while fiscal concerns continued...

Dollar Gains as Oil Climbs and Investors Focus on the Fed
Dollar Gains as Oil Climbs and Investors Focus on the Fed

The US dollar edged higher on Wednesday, buoyed by rising oil prices, while investors awaited Federal Reserve meeting minutes and remarks from...

Wealthy See Rates, Yields as Top Growth Risk: Deutsche Bank
Wealthy See Rates, Yields as Top Growth Risk: Deutsche Bank

The world's rich view rising rates and yields as the biggest threat to global economic ​growth, while a large majority expect Asia to ‌be...

US Luxury Spending Slows ahead of Midterms, Credit Card Data
US Luxury Spending Slows ahead of Midterms, Credit Card Data

US credit card spending on luxury brands fell for a third consecutive month in September, retail lender Citi said on Tuesday, signalling further...

S&P 500, Nasdaq Reach Records as Focus Shifts to Earnings
S&P 500, Nasdaq Reach Records as Focus Shifts to Earnings

US ​stocks ended higher on Tuesday as crude prices steadied and US Treasury yields eased, offering some reprieve from concerns that have...

Paramount, Warner Bros Merge to Create Skydance Powerhouse
Paramount, Warner Bros Merge to Create Skydance Powerhouse

Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that...

October 6, 2026
Canada's Trade Surplus Widens Substantially in August
Canada's Trade Surplus Widens Substantially in August

Canada's trade surplus widened substantially in August to ​C$4.2 billion ($2.94 billion), data showed on Tuesday, as exporters rushed to...

Oil Falls nearly 2% as Middle East Supply Concerns Ease
Oil Falls nearly 2% as Middle East Supply Concerns Ease

Oil prices fell nearly 2% on Tuesday as supply concerns eased due to ‌increased Middle Eastern crude exports and an agreement by the Group of...

Energy Transfer Buys Vaquero Midstream for $2.63B
Energy Transfer Buys Vaquero Midstream for $2.63B

Energy Transfer said on Tuesday it has agreed to acquire Vaquero Midstream in a deal valued ​at about $2.6 billion in cash and stock, expanding the...

Mattel Shares Slip as Investor Urges Strategic Review
Mattel Shares Slip as Investor Urges Strategic Review

Mattel's shares fell about 3% on Tuesday after investor Ariel Investments urged the toymaker to explore strategic ​alternatives, including...

AI Firm ElevenLabs to Invest Hundreds of Millions in India
AI Firm ElevenLabs to Invest Hundreds of Millions in India

London-based AI voice company ElevenLabs plans to invest "hundreds of millions of dollars" in ​India, its co-founder Mati Staniszewski...

India's Sept Fuel Consumption Rises 3.9% from Previous Month
India's Sept Fuel Consumption Rises 3.9% from Previous Month

India's fuel consumption in September rose 3.9% from the previous month to 19.26 million ​metric tons, data from the Petroleum Planning...

Le Pen Eyes Bond Markets, Pledges Bigger Spending Cuts
Le Pen Eyes Bond Markets, Pledges Bigger Spending Cuts

Marine Le Pen pledged sharply steeper cuts to spending if she wins French presidential elections next year in a ​signal to jittery bond markets the...

Rupee Hits 2-Mo Low as Outflows Surge; RBI Hike Priced In
Rupee Hits 2-Mo Low as Outflows Surge; RBI Hike Priced In

The Indian rupee declined to its weakest level in over two months on Tuesday, hit by outflows ​from local equities, while traders turned their...

India Tractor Sales Weaken as Poor Monsoon Hurts Farm Demand
India Tractor Sales Weaken as Poor Monsoon Hurts Farm Demand

India's September tractor retail sales declined 12.6% from a month earlier as the worst ​monsoon in a decade and a delayed festive season...

UK Shares Rise; Lower Oil, Easing Gilt Yields Lift Sentiment
UK Shares Rise; Lower Oil, Easing Gilt Yields Lift Sentiment

London's FTSE 100 advanced on Tuesday ​as a retreat in bond yields and softer oil prices calmed investors ‌following last week's...

French Bond Contagion Fears are Rattling the Euro
French Bond Contagion Fears are Rattling the Euro

A sliding euro is the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader...

India Services PMI at 3-Mo High, but Qtr Weakest Since 2022
India Services PMI at 3-Mo High, but Qtr Weakest Since 2022

India's dominant services industry expanded at its fastest pace in three months in September on stronger ​demand for financial, consumer and...


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