Economic news

Sales of new U.S. single-family homes unexpectedly fell in May, likely ​as higher mortgage rates and prices ‌continued to sideline potential...

Spot gold prices slipped below a key psychological level of $4,000 per ounce level for the first time ​since November 2025 on Wednesday, under...

Singapore's biggest bank DBS said on Wednesday ​it will provide $210 million ‌in senior debt financing to ETAFCo, an investment...

Brent crude oil prices fell more than 1% on Wednesday to the ​lowest in nearly four months, extending losses on signs that more oil tankers are set...

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in ‌what would be...

Daniel Gillieron, 82, settled into his seat in Geneva's Nord-Sud cinema, ​looking forward to the prospect of a free film ‌and an extended...

European shares were muted on Wednesday, as investors assessed developments in the ‌U.S.-Iran negotiations, while defence group Rheinmetall...

Spain's Santander has begun ​talks with unions over a plan to offer early voluntary retirement ‌to up to 3,000 employees in Spain,...

The Indian rupee bucked the weakness seen in most Asian peers on Wednesday as likely central bank intervention shielded the ​currency from a...

U.S. ‌logistics firm Prologis on Wednesday made public its £12.6 billion ($16.62 billion) takeover proposal for Britain's...

European Union nations outside the euro have made little to no progress in convergence in recent years and even Hungary, the nation most actively...

The U.S. dollar extended gains to reach a 13-month high ​against a basket of major currencies on Wednesday, as investors sought shelter from a tech...

London's domestically-focused midcap FTSE ​index rose on Wednesday as real-estate stocks rallied alongside Segro ‌after the UK landlord...

Labour unrest has flared up across Australia's resources sector, with ‌its lucrative iron ore mines and ports facing heightened strike...

Chinese property developer Shimao Group said on Wednesday that its Sheraton and Four Points ​by Sheraton hotels located near the international...

Swedish startup Stegra, which is building Europe's first hydrogen-fuelled ​steel plant, said on Wednesday its €1.4 billion ($1.6 billion)...

British discount retailer B&M named Asda [RIC:RIC:WMTAS.UL] executive Atheeq Akbar as its ​next chief financial officer on...

Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower...

British employers expect to scale back pay increases markedly next year, according to a survey on Wednesday ​from human resources data firm...

The Nasdaq and the S&P 500 closed at more ​than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as investors...

Nike on Tuesday named Pfizer executive David Denton as CFO, replacing Matthew Friend, as the footwear ​maker struggles through a turnaround...

Samsung Electronics plans a share buyback programme worth about 90 trillion ​won ($58.61 billion) after agreeing to give stock bonuses to...

FedEx margins in its core delivery segment dropped in the latest quarter from a year ​earlier, and shares fell 6% in extended trading on...

A majority of U.S. consumers now say they would prefer to buy a home rather than rent ​or move in with family, the first time since 2023 that...

Most Gulf equity markets closed lower on Tuesday as investors grew cautious amid progress in U.S.-Iran talks and mounting expectations that ​the...

Mexico's economy posted its ‌largest monthly expansion in more than five years in April, ahead of ​expectations, according to official...

Oil prices were little changed on Tuesday as investors watched crude ‌flows through the Strait of Hormuz following progress...

Chinese autonomous driving developer Momenta is planning to launch its Hong Kong initial public ‌offering as early as next Monday, said a...

FRANKFURT, June 23 (Reuters) - RWE's municipal shareholders will own ​around 12% of ‌Germany's largest power producer following a...

The Indian rupee ended modestly weaker on Tuesday as a churn in U.S. rate expectations boosted the dollar ​to a one-year peak against a basket of...

Gold ‌prices dropped nearly 2% on Tuesday, as the U.S. dollar strengthened to a one-year high on market expectations of a more hawkish Federal...

Euro ​zone inflation could stay above the European Central Bank's 2% target for some time, even ‌if peace in the Middle East holds, but...

Germany's private sector activity contracted at its fastest pace in 18 months in June as ​the services downturn deepened, a survey showed on...

Britain's vote to leave the European Union in 2016 has acted as a persistent drag on its economy, compounding some of the deep-seated...

London's FTSE indexes dropped to a more than one-week low on Tuesday, tracking weakness in global markets as prospects of interest...

Europe's benchmark STOXX 600 fell to a more than one-week low on ‌Tuesday, as expectations for imminent interest rate hikes by the Federal...

Independent energy firm NatPower and Tesla said on Tuesday they ​had reached a deal to build 25 gigawatt ​hours of battery storage in Italy...

India's Akasa Air plans to raise passenger capacity by ​30% in the current fiscal year, ‌the airline said on Tuesday, after posting a 37%...

Britain's services sector, the engine of the economy, contracted this month at the fastest rate in nearly three-and-a-half years, according to...

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that...

The U.S. dollar rose to its highest level in ​more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite...

Asian stocks and oil prices fell on Tuesday after the U.S. waived sanctions ​on Iran, while traders grappled with rising expectations the...