Economic news


Micron Joins $1 Tn Club as AI Race Powers Memory Chip Boom

Micron Joins $1 Tn Club as AI Race Powers Memory Chip Boom

Micron Technology briefly topped $1 trillion in market value for the first time on Tuesday, crowning ​a dizzying rally that has cemented the U.S.'s largest memory chipmaker as one of the standout winners of the ‌AI boom. Micron's shares were last up 17.4% at $881.6 after ri...


May 27, 2026
Indian Stocks Set for 1st Yearly Drop in Decade; Funds Exit
Indian Stocks Set for 1st Yearly Drop in Decade; Funds Exit

Indian stocks are set for their first annual decline in more than a decade, a Reuters poll of equity ​analysts found, as an exodus of foreign...

India Rice Exports Fall as Iran War Curbs Gulf Basmati Trade
India Rice Exports Fall as Iran War Curbs Gulf Basmati Trade

India's ​rice exports in the first four months of 2026 fell marginally from a ‌year earlier as the U.S.-Israeli war with Iran...

Investors Expect USD to Break Higher; Fed Battles Inflation
Investors Expect USD to Break Higher; Fed Battles Inflation

The U.S. dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome...

SK Hynix Joins $1Tn Club after Samsung, Micron on AI Boom
SK Hynix Joins $1Tn Club after Samsung, Micron on AI Boom

SK Hynix topped $1 trillion ​in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron...

Samsung Pay Deal Sparks Seismic Change for S.Korea Unions
Samsung Pay Deal Sparks Seismic Change for S.Korea Unions

The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip ​workers eye-popping bonuses. It also...

Nikkei Retreats from Record High as AI Rally Sparks Caution
Nikkei Retreats from Record High as AI Rally Sparks Caution

Japan's Nikkei share average retreated from a record peak to end nearly ​flat on Wednesday, as investor caution grew about the ‌fast-paced...

Chinese Brands Gain as Europe Car Sales Rise
Chinese Brands Gain as Europe Car Sales Rise

Demand for electrified cars kept Europe's auto market growing in April, offsetting weaker petrol and ​diesel demand and helping Chinese brands...

Stocks Scale new Peaks on Shaky US-Iran Truce; Kiwi Leaps
Stocks Scale new Peaks on Shaky US-Iran Truce; Kiwi Leaps

Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that ​a shaky truce...

BlackRock Sees Merit in Large Scale Mining M&A
BlackRock Sees Merit in Large Scale Mining M&A

BlackRock would back consolidation among large miners ​because it would open the sector to generalist investors at a scale that would make ‌it...

Hong Kong Beats Switzerland as World's Top Cross-Border Wealth Hub on China Ties, Report
Hong Kong Beats Switzerland as World's Top Cross-Border Wealth Hub on China Ties, Report

Hong ​Kong has overtaken Switzerland as the top global booking centre for cross-border wealth, ‌a first that is unlikely to be reversed as...

May 26, 2026
BP Ousts Chair Manifold Citing Governance, Conduct Issues
BP Ousts Chair Manifold Citing Governance, Conduct Issues

BP has ousted Chair Albert ​Manifold with immediate effect, it said on Tuesday, citing governance and conduct issues, with four sources...

US Consumer Confidence Ebbs in May; Inflation Worries Mount
US Consumer Confidence Ebbs in May; Inflation Worries Mount

U.S. consumer confidence eased in May as worries about ​inflation linked to the war with ‌Iran intensified, offsetting an improvement in...

US Single-Family Home Prices Edge Up in March, FHFA Says
US Single-Family Home Prices Edge Up in March, FHFA Says

U.S. single-family house prices edged up in March, but further increases are unlikely as the war ​with Iran pushes mortgage rates higher, dampening...

Vanke Seeks 40% Payment, 1-Year Extension on June-July Bonds
Vanke Seeks 40% Payment, 1-Year Extension on June-July Bonds

Property developer China Vanke Co, is seeking to ​extend four onshore bonds by ‌one year, offering to repay 40% of principal upfront, sources...

European Stocks Fall, Oil Rises after US Strikes Iran
European Stocks Fall, Oil Rises after US Strikes Iran

European stock indexes gave up some recent gains on Tuesday and oil prices rose after new ‌U.S. strikes in southern Iran dampened...

Oil Gains 2% as US Strikes on Iran cloud Peace Deal
Oil Gains 2% as US Strikes on Iran cloud Peace Deal

Brent ​crude oil rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, ‌adding to uncertainty on whether a...

India's 5th Spot in Global Market Cap Under Taiwan Threat
India's 5th Spot in Global Market Cap Under Taiwan Threat

India's position as the fifth-largest global market by capitalisation is under threat as Taiwan closes in on the South Asian nation's spot,...

London's FTSE 250 Midcap Index Scales near Three-Month High
London's FTSE 250 Midcap Index Scales near Three-Month High

UK shares rose ​on Tuesday, with the FTSE 250 hitting a near three-month ‌high, as investors returned from a long weekend and caught up on...

Rupee Falls with Asian Peers as US-Iran Peace Hopes Dim
Rupee Falls with Asian Peers as US-Iran Peace Hopes Dim

The Indian rupee slipped on Tuesday as crude oil prices rebounded on waning optimism about the chances of an imminent U.S.-Iran peace ​deal. The...

Sterling Dips as Hopes of Imminent Iran Peace Deal Fade
Sterling Dips as Hopes of Imminent Iran Peace Deal Fade

The pound slipped on Tuesday after optimism about an Iran peace deal was tempered by U.S. attacks on Iranian targets and comments from...

UK CBI Retail Data Recovers from Record Low, Consumer Demand still Weak
UK CBI Retail Data Recovers from Record Low, Consumer Demand still Weak

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier,...

RBI's $5B FX Swap Subscribed nearly Twice Over
RBI's $5B FX Swap Subscribed nearly Twice Over

The Reserve Bank of India's three-year dollar/rupee buy-sell swap drew strong demand on Tuesday, with the auction receiving ​bids of nearly $10...

UK Shop Price Inflation Rises, Retailers Ask Govt Help
UK Shop Price Inflation Rises, Retailers Ask Govt Help

British shop price inflation sped up in May on the back of disruption and ​higher energy costs caused by the Iran ‌war, according to a retail...

Spain's April Factory Prices Up 8.3%, Fastest since Dec 2022
Spain's April Factory Prices Up 8.3%, Fastest since Dec 2022

Spanish industrial prices rose 8.3% in ​the 12 months through ‌April following a revised 3.1% increase in the ​12 months through ​March, the...

India's Kent RO Puts Off IPO as Mideast War Hits Market
India's Kent RO Puts Off IPO as Mideast War Hits Market

Kent RO Systems has shelved plans to go public, its chairman told Reuters, as the Indian water-purifier maker becomes ​the latest company to delay...

Gold Slips; US-Iran Tensions Lift Oil, Stoke Inflation Fears
Gold Slips; US-Iran Tensions Lift Oil, Stoke Inflation Fears

Gold fell on Tuesday as ‌fresh U.S. attacks in Iran pushed oil prices higher, fuelling concerns around inflation and higher-for-longer...

Dollar Finds Footing on Wavering Hopes for a Peace Deal
Dollar Finds Footing on Wavering Hopes for a Peace Deal

The dollar steadied on Tuesday as investor hopes of an imminent deal to reopen the crucial ‌Strait of Hormuz and end the Iran...

Oil Rises, Stocks Waver as US Strikes Hit Peace Hopes
Oil Rises, Stocks Waver as US Strikes Hit Peace Hopes

Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent U.S.-Iran peace deal was tempered ‌by new U.S. strikes in...

India Proposes Broad Industrial Output Index Revamp
India Proposes Broad Industrial Output Index Revamp

India's statistics ministry has proposed changes to the way it calculates the monthly industrial output, including expanding sector coverage...

S.Korea to Hold Rate May 28, Hikes Expected from Q3
S.Korea to Hold Rate May 28, Hikes Expected from Q3

South Korea's central bank will keep ​its key policy rate unchanged at a review on Thursday, according to economists ‌in a Reuters poll,...

ASX Sinks most in Decade on Tech-Driven Cost Surge
ASX Sinks most in Decade on Tech-Driven Cost Surge

Australian stock ‌exchange operator ASX warned on Tuesday of higher spending in 2027 to upgrade its technology and develop new products,...

May 25, 2026
Eni, Partners Approve next Stage for Ivory Coast Project
Eni, Partners Approve next Stage for Ivory Coast Project

MILAN/ABIDJAN, May 25 (Reuters) - Italy's Eni said ​on Monday it and partners Petroci and Vitol ‌have given approval for...

Sri Lanka in Talks to Buy Fuel from China, Russia: Minister
Sri Lanka in Talks to Buy Fuel from China, Russia: Minister

Sri Lanka ​is in talks to buy Russian crude and refined fuels from Russia ‌and China, the energy minister said on Monday, as the...

US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs

President Donald Trump's resolve on Iran is being tested by a force largely beyond his control: the bond market. As yields rose rapidly...

Portugal Flag Carrier TAP Loss Down 63% but Fuel Costs Loom
Portugal Flag Carrier TAP Loss Down 63% but Fuel Costs Loom

Portugal's airline TAP said on Monday its first-quarter loss narrowed 63% ​from a year ago to €39.9 million ($46.5 ‌million) on...

Oil Slump, RBI Support Lift Rupee for Third Straight Day
Oil Slump, RBI Support Lift Rupee for Third Straight Day

The Indian rupee strengthened for the third consecutive session on Monday, its longest winning streak in a month, powered by ​market interventions...

Gold Climbs as Mideast Peace Hopes Push Oil and Dollar Lower
Gold Climbs as Mideast Peace Hopes Push Oil and Dollar Lower

Gold rose ​more than 1% on Monday as hopes of a peace deal to end ‌the Iran war sent the dollar and oil prices lower, easing fears...

Chinese Coking Coal Jumps as Fatal Mine Accident Cuts Supply
Chinese Coking Coal Jumps as Fatal Mine Accident Cuts Supply

Chinese coking coal prices soared on Monday to their highest in nearly two weeks, ​as a wave of stringent safety checks at coal mines following a...

Stocks Rally, Oil and USD Ease on Mideast Peace Hopes
Stocks Rally, Oil and USD Ease on Mideast Peace Hopes

Stocks surged on Monday, while the U.S. dollar and oil prices slid as the ​prospect of a deal to end the Iran war buoyed risk appetite,...

Dollar Drifts Lower as Oil Falls on Hormuz Deal Optimism
Dollar Drifts Lower as Oil Falls on Hormuz Deal Optimism

The dollar fell against major currencies on Monday as hopes of a deal to ​reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even...

Delivery Hero Stock Hits 18M High as Uber Eyes Takeover
Delivery Hero Stock Hits 18M High as Uber Eyes Takeover

Uber is weighing a raised takeover bid for rival Delivery Hero after its initial €33-per-share offer on Saturday was rebuffed,...

China's Huawei Reveals Chip Breakthrough amid US Sanctions
China's Huawei Reveals Chip Breakthrough amid US Sanctions

Huawei Technologies said on Monday it will make industry-leading semiconductors using ​a new technology in five years, underscoring Beijing's...


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