Economic news


KKR-Backed GMR Eyes $5 Billion Valuation in US IPO

KKR-Backed GMR Eyes $5 Billion Valuation in US IPO

Emergency medical ‌services provider GMR Solutions said on Monday it was targeting a valuation of up to $5 billion in its U.S. initial public offering, as the pickup in new listings extends into May. The Lewisville, ​Texas-based company, known as Global Medical Response, is seeking up t...


May 4, 2026
Tyson Foods Profit Beats Estimates on Strength in Chicken Business
Tyson Foods Profit Beats Estimates on Strength in Chicken Business

Meat packer Tyson Foods reported better-than-expected quarterly earnings ‌on Monday, as rising chicken sales helped counter a sharp drop...

Blackstone Unit Seeks $1.7B in US IPO for Data Center Bet
Blackstone Unit Seeks $1.7B in US IPO for Data Center Bet

A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the ​United States...

Amazon Opens Logistics Network to other Firms in Growth Push
Amazon Opens Logistics Network to other Firms in Growth Push

Amazon.com is giving other businesses access to its supply chain network that has powered ​the e-commerce behemoth's operations for decades,...

Global Equity Funds See Inflows for 6th Week on Earnings
Global Equity Funds See Inflows for 6th Week on Earnings

Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor...

US Restaurant Sales Drop as Iran War Pushes Gasoline Prices Higher
US Restaurant Sales Drop as Iran War Pushes Gasoline Prices Higher

Several U.S. restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter,...

Euro Zone Investor Morale Improves Slightly in May, Sentix Survey
Euro Zone Investor Morale Improves Slightly in May, Sentix Survey

The Sentix index measuring investor morale in the euro zone improved slightly ​in May, indicating that investors do ‌not expect a further...

ECB Surveys See Quick Return of Inflation to Target
ECB Surveys See Quick Return of Inflation to Target

Euro zone inflation will surge this year on higher energy prices but will then quickly ​retreat and will be around the 2% target ‌by next...

Rupee Hits Record Closing Low on NDF Maturities, Oil Rise
Rupee Hits Record Closing Low on NDF Maturities, Oil Rise

The Indian rupee slipped to its weakest closing level on record on Monday, pressured by heightened dollar demand ​from maturing non-deliverable...

Euro Area Factories Buy Materials in Apr, Optimism Slumped: PMI
Euro Area Factories Buy Materials in Apr, Optimism Slumped: PMI

Euro area manufacturers rushed to build inventories of raw materials in April amid fears of further supply disruptions and higher costs linked...

French Manufacturing Output and Orders Rise in April on Inflation Fears, PMI
French Manufacturing Output and Orders Rise in April on Inflation Fears, PMI

French manufacturing output and new orders rose in April as customers sped ​up purchases due to inflationary pressures linked ‌to...

GameStop Makes Bold $56B Play for eBay, Ready to Go Hostile
GameStop Makes Bold $56B Play for eBay, Ready to Go Hostile

GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was ​prepared...

Yen Spikes Then Retreats; Markets Eye Further Intervention
Yen Spikes Then Retreats; Markets Eye Further Intervention

The yen saw another sharp, intraday jump against the dollar ​on Monday, prompting speculation about another bout of intervention by...

India Resumes Wheat Exports; High Prices to Limit Demand
India Resumes Wheat Exports; High Prices to Limit Demand

Indian traders have begun exporting wheat for the first time ‌in four years, as ample stocks, higher global prices and firmer freight rates...

Three-Circle seeks $1B in Hong Kong listing: Sources
Three-Circle seeks $1B in Hong Kong listing: Sources

Chaozhou Three-Circle Group, a Chinese maker of small ceramic components ‌used in phones, cars, data centres and telecom equipment, aims to...

Shares in German Carmakers Fall after Trump Tariff Hike
Shares in German Carmakers Fall after Trump Tariff Hike

Shares in German carmakers ‌and auto part suppliers slid on Monday after U.S. President Donald Trump announced an increase in car ​import...

Indonesia's March Trade Surplus Expands to $3.32 Billion
Indonesia's March Trade Surplus Expands to $3.32 Billion

Indonesia's trade surplus of $3.32 billion in March was larger than expected, despite a contraction in ‌exports, as imports grew less than...

Gold Eases as Inflation, Iran War cloud US Rate View
Gold Eases as Inflation, Iran War cloud US Rate View

Gold prices nudged lower in thin trade on Monday, ‌weighed down by inflation worries that clouded the U.S. monetary policy outlook, while...

India April Factory Growth Slow amid War Costs: PMI
India April Factory Growth Slow amid War Costs: PMI

India's manufacturing growth edged up slightly in April but remained stuck near a four-year ​low as weak demand and soaring input costs...

Stocks Gain in Asia, Oil Flat amid new Gulf Proposals
Stocks Gain in Asia, Oil Flat amid new Gulf Proposals

Shares edged higher while oil prices flatlined in Asia on Monday as ​investors drew comfort from signs of patchy progress in settling the Middle...

S&P, Nasdaq Notch Weekly Gains after Earnings Wave
S&P, Nasdaq Notch Weekly Gains after Earnings Wave

The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip ​in crude prices, and turning the...

Asia Finance Heads Ready to Act against Volatility
Asia Finance Heads Ready to Act against Volatility

Finance leaders of China, Japan, South Korea and the ASEAN group of 10 Southeast ​Asian states said on Sunday they would ‌pay attention to...

Spirit says most Customers Refunded after Abrupt Shutdown
Spirit says most Customers Refunded after Abrupt Shutdown

Spirit Airlines said on Sunday it had almost completed ‌refunding passengers and returning its crew to their home bases following its decision...

May 1, 2026
Chevron's Upstream Strength Lifts Q1 Earnings Past Estimate
Chevron's Upstream Strength Lifts Q1 Earnings Past Estimate

Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran...

Exxon Net Income Falls, Output Hit by Iran War
Exxon Net Income Falls, Output Hit by Iran War

Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit...

Spain's Sabadell Completes Sale of UK's TSB to Santander
Spain's Sabadell Completes Sale of UK's TSB to Santander

Spain's Sabadell said on Friday it ​had completed the sale of British ‌bank TSB to Santander for a total of around 3.3 billion...

Apple Shares Rise on Record Sales before CEO Turnover
Apple Shares Rise on Record Sales before CEO Turnover

Apple shares jumped 3.6% in early trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four...

Colgate-Palmolive Beats Q1 View on Strong International Demand
Colgate-Palmolive Beats Q1 View on Strong International Demand

Colgate-Palmolive beat expectations for first-quarter sales and profit on Friday, helped by strong international demand for household staples...

Estee Lauder to Cut 3,000 Jobs, Lifts Profit Forecast
Estee Lauder to Cut 3,000 Jobs, Lifts Profit Forecast

Estee Lauder on Friday raised ‌its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a...

BYD's Sales Downturn Extends to Eighth Straight Month
BYD's Sales Downturn Extends to Eighth Straight Month

Chinese EV giant ​BYD's vehicle sales fell for an eighth straight month ‌in April, down 15.5% from a year earlier and extending its...

Steady Oil Prices Set for Weekly Gain as Iran War Rumbles On
Steady Oil Prices Set for Weekly Gain as Iran War Rumbles On

Oil prices steadied but remained on track ‌for weekly gains on Friday as efforts to halt the Iran war remained at an impasse, with...

Financial Firms didn’t Expect BoE Rate Hike Last Month: BoE
Financial Firms didn’t Expect BoE Rate Hike Last Month: BoE

Financial firms surveyed by the Bank of England ​last month did not expect ‌the central bank to raise interest rates this year, though they...

Sterling Steady at 10-Week High in Quiet End to Busy Week
Sterling Steady at 10-Week High in Quiet End to Busy Week

TheMR pound held near a 10-week high against the dollar on Friday as traders digested a week of central bank meetings in which the Bank ​of England...

Japan Traders See Record Profits, Utilities Forecast Pain as Iran War Weighs
Japan Traders See Record Profits, Utilities Forecast Pain as Iran War Weighs

Some ‌big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices...

UK Mortgage Approvals Rise to 4-Month High, BoE Data Shows
UK Mortgage Approvals Rise to 4-Month High, BoE Data Shows

British lenders approved the most mortgages in four months in March while consumer lending grew at the fastest ​annual rate in over two years,...

Reddit Rallies on AI Ad Growth, Strong Revenue Outlook
Reddit Rallies on AI Ad Growth, Strong Revenue Outlook

Reddit shares jumped 16% in premarket trading on Friday after an upbeat quarterly revenue forecast underscored growing returns from...

ECB Officials Back Rate Hike as Inflation may Linger
ECB Officials Back Rate Hike as Inflation may Linger

The European Central Bank ​may need to tighten policy, perhaps as soon as June, policymakers said on Friday, ‌warning that the inflation...

Gold Heads for Weekly Loss on Oil-Driven Inflation Concerns
Gold Heads for Weekly Loss on Oil-Driven Inflation Concerns

Gold prices fell in thin trading on Friday, and were set for a weekly decline, pressured by higher oil prices that have stoked inflation fears and...

Yen Steadies after Japan Intervention; Traders Eye More
Yen Steadies after Japan Intervention; Traders Eye More

The yen trimmed gains against the dollar on Friday, but was still ​poised for its strongest weekly rally in more than two months after Japanese...

Japanese Yen Jumps against Dollar Hours after Intervention
Japanese Yen Jumps against Dollar Hours after Intervention

The yen suddenly jumped against the dollar on Friday, a ​day after Tokyo authorities were widely believed to have intervened ‌to...

UK House Prices Rise in April Despite Iran War: Nationwide
UK House Prices Rise in April Despite Iran War: Nationwide

British house prices unexpectedly rose for a fourth month in a row ​in April, despite headwinds to consumer confidence from ‌conflict in the...

Asia Shares Find Hope in Tech Resilience, Oil Off Peak
Asia Shares Find Hope in Tech Resilience, Oil Off Peak

Asian shares rallied in relief on Friday as oil prices came off the boil and upbeat company earnings pulled investors ​into tech stocks, while...

S.Korean April Exports Rise 48.0% y/y as Chip Boom Extends
S.Korean April Exports Rise 48.0% y/y as Chip Boom Extends

South Korean exports rose for an 11th month in April, beating forecasts, as the global appetite for artificial intelligence infrastructure boosted...


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