Economic news

Universal Music said on Friday it has submitted a remedy to address competition concerns from the European Commission over the group's...

The Netherlands should sharply increase technology investment and shake up its labour market to safeguard the EU country's long-term...

India's retail inflation rose in November from a record low in the prior month but stayed below the central bank's target range for the...

The main UK stock indexes rose on Friday, with a gauge of precious metal miners jumping to a record high following a stunning rally in gold and...

Gold prices rose 1% to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted...

Wells Fargo, the fourth-biggest U.S. bank, plans to extend its hiring spree in investment banking after new recruits and efforts to grow market...

Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over...

The Indian rupee ended little changed after hitting a record low on Friday but notched its second weekly fall in a row as investors continued to...

The dollar steadied on Friday but was still set for its third straight weekly drop, hurt by the prospect of rate cuts next year, while sterling was...

The British public's expectations for inflation inched lower in November, according to a Bank of England survey published on Friday. The...

Prime Minister Anthony Albanese announced on Friday a rescue effort to keep open Australia's largest aluminium smelter, the struggling Tomago...

British outsourcing firm Capita said on Friday its sales growth eased in the second half of the year due to contract losses and revenue delays...

The head of India's markets regulator said on Friday the agency is grappling with privacy concerns as it weighs a panel's proposal...

Broadcom shares dropped 4.7% in Frankfurt on Friday a day after the company projected first-quarter revenue above Wall Street estimates,...

Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious...

Asian stocks advanced on Friday following strength on Wall Street overnight, though a fresh decline in Oracle's share price sent jitters...

Indonesia expects to complete tariff talks with the United States by the end of the year, its chief negotiator said on Friday, with a delegation...

The S&P 500 and the Dow boasted record closing highs on Thursday after a Federal Reserve policy update that was less hawkish than expected...

Altria said on Thursday that CEO Billy Gifford, who has led the tobacco giant since 2020, would retire in May and be succeeded by finance head...

Hundreds of Starbucks' baristas walked off the job in 34 U.S. cities on Thursday, escalating a month-long strike as their union...

The U.S. trade deficit unexpectedly narrowed in September, touching the lowest level in more than five years, as exports accelerated and imports...

Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on...

The number of Americans filing new applications for unemployment benefits surged last week, but that likely reflected difficulties adjusting the...

Chinese leaders promised on Thursday to maintain a "proactive" fiscal policy next year that would stimulate both consumption and...

World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar...

The European Commission on Thursday said it had approved 623 million euros ($729.16 million) in German government aid to support the creation of...

The European Central Bank proposed a simplification of bank regulation on Thursday, looking to prune a complex rulebook put in place after the...

Germany's economy has stabilised but remains stuck in a phase of meagre growth, with a planned fiscal expansion from next year set to provide...

Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut, while...

SAP falls after U.S. peer Oracle's forecast Schneider Electric up after share buyback, profit boost plans Naturgy slips after BlackRock cuts...

Oil prices eased on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of a...

New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing...

Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology...

Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank...

The dollar found some support on Thursday from a broad risk-off mood in markets, but failed to recoup most of its losses after the Federal Reserve...

Hong Kong's de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the...

Analysts ramped up long bets on most Asian currencies on stronger growth prospects and weakness in the greenback, a Reuters poll showed on...

Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on...

South Korea plans to relax rules on the separation of banking and commerce in a bid to spur investment, Finance Minister Koo Yun-cheol said on...

The Bank of Japan will proceed with a 25-basis-point interest rate hike to 0.75% at its December meeting and raise borrowing costs to at least 1%...

Pfizer will cut over 200 jobs in Switzerland as part of its multi-year cost reduction program, Bloomberg News reported on Wednesday, citing...

European shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the U.S. Federal Reserve's interest rate decision,...