Economic news


May US PCE Inflation Tops 4%, Leaves Fed Hike on the Table

May US PCE Inflation Tops 4%, Leaves Fed Hike on the Table

U.S. inflation increased further in May, breaking above 4.0% for the first time in three years as the Middle East conflict boosted energy prices, and keeping an interest rate ​increase from the Federal Reserve this year on the table. But with oil prices falling to pre-war levels on...


June 26, 2026
Chinese AI, Chip Firms are Driving an Onshore IPO Rebound
Chinese AI, Chip Firms are Driving an Onshore IPO Rebound

China's onshore technology IPOs are on track for their strongest year since 2023 as Beijing seeks to bolster listings of chip and artificial...

Dollar Slips, but Markets Wary of Yen Intervention Risk
Dollar Slips, but Markets Wary of Yen Intervention Risk

The dollar was a touch softer against other major currencies on ‌Friday as fresh economic data and Federal Reserve comments led markets to...

Euro Zone Consumers Cut Inflation Bets for next Year, ECB
Euro Zone Consumers Cut Inflation Bets for next Year, ECB

Euro zone consumers cut their near term inflation expectations in May and kept them steady for longer ​horizons, a European Central Bank survey...

Gold on Track for Fourth Weekly Loss on Hawkish Fed Bets
Gold on Track for Fourth Weekly Loss on Hawkish Fed Bets

Gold prices were on track for a ‌fourth consecutive weekly fall on Friday, as a resilient dollar and expectations of faster U.S. rate hikes to...

PBOC Urges Banks to Boost Lending amid Weak Demand, Sources
PBOC Urges Banks to Boost Lending amid Weak Demand, Sources

China's central bank instructed some commercial banks to increase their lending this month, people familiar with the matter said on Friday, the...

European Shares Slip on Tech Slump; Zalando Drops
European Shares Slip on Tech Slump; Zalando Drops

European shares opened lower on ‌Friday, with technology shares tracking global sector weakness, while Zalando fell after Germany's...

Asia Shares Retreat as Apple Price Hikes Rain on Chip Parade
Asia Shares Retreat as Apple Price Hikes Rain on Chip Parade

Asian shares pulled back ​on Friday after a stellar quarter, as Apple's hefty price hikes revealed the downside of booming chip demand, while...

Simpler Bank Rules Risk Creating Loopholes, Study Says
Simpler Bank Rules Risk Creating Loopholes, Study Says

Moves to simplify bank regulation in the U.S. and Britain could end up making the system less safe if rules become easier for...

Tokyo Core Inflation Accelerates as Energy Prices Broaden
Tokyo Core Inflation Accelerates as Energy Prices Broaden

Annual core ​inflation in Japan's capital accelerated in June, data showed on Friday, a sign of broadening ‌price pressures from the...

Adani Airports to Invest over $2B in Airport Cities
Adani Airports to Invest over $2B in Airport Cities

India's Adani Airports will invest more than 200 billion rupees ($2.12 ​billion) to develop airport-linked commercial districts ‌across...

Wall St Ends Mixed as Megacap Drop Offsets Chip Gains
Wall St Ends Mixed as Megacap Drop Offsets Chip Gains

The Nasdaq closed ​lower on Thursday, dragged down by losses in Big Tech shares, while the S&P closed near flat and the Dow ‌closed higher...

HK Debutants Jump as Hang Seng Falls; Lingyi Up 3%
HK Debutants Jump as Hang Seng Falls; Lingyi Up 3%

Shares in a group of Hong Kong new listings opened mostly higher ‌on Friday, bucking a 1.4% drop in the benchmark Hang Seng Index, with...

Nikkei Rally Shifts Gears as Investors Chase AI Darlings
Nikkei Rally Shifts Gears as Investors Chase AI Darlings

Japan's record-breaking Nikkei rally is no longer about AI — it's about who's left to buy. While AI euphoria is...

June 25, 2026
Michelin to Close US BFGoodrich Tire Plant by End-2028
Michelin to Close US BFGoodrich Tire Plant by End-2028

June 25 (Reuters) - Michelin plans ​to gradually shut down its ‌BFGoodrich tire plant in Tuscaloosa, in the U.S. state of Alabama, ​in...

Apple Hikes MacBook, iPad Prices as Memory Costs Surge
Apple Hikes MacBook, iPad Prices as Memory Costs Surge

Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip ​costs...

McCormick Beats Profit Estimates on Higher Pricing
McCormick Beats Profit Estimates on Higher Pricing

Cholula hot sauce maker McCormick handily beat Wall Street estimates for second-quarter profit on Thursday, as higher prices ​for its spices...

US May PCE Inflation Tops 4% as Spending Stays Strong
US May PCE Inflation Tops 4% as Spending Stays Strong

U.S. inflation increased further in May, breaking above 4.0% ​for the first time in three years as the Middle East conflict boosted energy prices,...

US Weekly Jobless Claims Drop more than Expected
US Weekly Jobless Claims Drop more than Expected

The number of Americans filing claims for unemployment benefits fell more than expected last week, consistent with labor market...

US Core Capital Goods Orders Rebound Sharply in May
US Core Capital Goods Orders Rebound Sharply in May

New orders for key U.S.-manufactured capital goods rebounded sharply in May as demand increased broadly, suggesting business spending on equipment...

VW's Everllence Valued Well above €9B in Race: Source
VW's Everllence Valued Well above €9B in Race: Source

All three bids for Volkswagen's ​engine maker Everllence valued the unit "clearly above" €9 billion ($10.21 billion), a source...

Luxury Market Shows Early Signs of Q2 Recovery: Bain
Luxury Market Shows Early Signs of Q2 Recovery: Bain

The global personal luxury goods market is showing signs ‌of a recovery in the second quarter, despite the war in the Middle East, as demand...

Pound Heads for Worst Monthly Performance since July
Pound Heads for Worst Monthly Performance since July

The pound was set for its worst monthly performance against the dollar since last July on Thursday, in a week that marked the tenth ​anniversary of...

Anthropic Hires Orange's AI chief amid Europe Push
Anthropic Hires Orange's AI chief amid Europe Push

The artificial intelligence head of French telecoms group Orange ​has left the company to ‌join U.S. AI startup Anthropic, he said on...

BlackBerry Lifts Annual Revenue Forecast on QNX Growth
BlackBerry Lifts Annual Revenue Forecast on QNX Growth

BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for ​its QNX division following the completion of its...

UK Retail Downturn Deepened in June, CBI Survey Shows
UK Retail Downturn Deepened in June, CBI Survey Shows

British retail sales slid further this month, with sales far below the norm expected for this ​time of year, according to a survey on...

Gold Lingers near 7-Month Low as Fed Hike Bets Boost Dollar
Gold Lingers near 7-Month Low as Fed Hike Bets Boost Dollar

Gold fell for a third ‌straight session on Thursday, lingering near a more than seven-month low it had reached in the previous session, as...

London Stocks Gain on Financials, Retail Boost
London Stocks Gain on Financials, Retail Boost

London's main FTSE indexes ​edged higher on Thursday, with financial and retail companies posting ‌strong business updates, while investor...

BoE Policymakers Worry about Shift from Collective Forecast
BoE Policymakers Worry about Shift from Collective Forecast

The Bank of England's shift in communications to focus on multiple scenarios and individual Monetary Policy Committee members' opinions...

Oil Touches Prewar Levels on Rising Middle East Supply
Oil Touches Prewar Levels on Rising Middle East Supply

Oil prices fell on Thursday to levels last seen before the ‌start of the Iran war as expectations of rising supply from the Middle East...

Oil Slump, RBI Support Boost INR near Top of Asia FX in June
Oil Slump, RBI Support Boost INR near Top of Asia FX in June

The Indian rupee's fortunes appear to be turning around as oil prices' retreat to pre-Iran-war levels and policymakers' steps ​help...

US Rate-Hike Bets Hold Dollar near 13-Month Highs
US Rate-Hike Bets Hold Dollar near 13-Month Highs

A surging dollar has swept past chart resistance and is heading toward its sharpest monthly gain in almost ​a year on Thursday, as traders bet on a...

Asian Stocks Surge as Micron Earnings Ease AI Fears
Asian Stocks Surge as Micron Earnings Ease AI Fears

Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns...

Nasdaq, S&P End Lower as Tech Stocks Fall
Nasdaq, S&P End Lower as Tech Stocks Fall

The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on ​nagging concerns about high-flying valuations, but falling crude...

PBOC to Add Tool to Better Manage Short-Term Liquidity
PBOC to Add Tool to Better Manage Short-Term Liquidity

China's central bank said it will debut overnight lending next week, offering reverse-repos to banks and brokers as it ​deepens control over...

UK Auto Output Rises in May on Growing US Exports, SMMT Says
UK Auto Output Rises in May on Growing US Exports, SMMT Says

A rise in shipments to the U.S. drove up UK's vehicle production in May, with output rising ​2.7% from a year earlier, snapping four months of...

June 24, 2026
Mexico June Inflation Slows, Easing Rate Hike Pressures
Mexico June Inflation Slows, Easing Rate Hike Pressures

Mexico's annual inflation rate hit 3.55% in the first half of June, official data showed on Wednesday, landing below expectations ​and defusing...

US new Home Sales Unexpectedly Fall in May
US new Home Sales Unexpectedly Fall in May

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

Gold Falls below $4,000 on Strong Dollar, Fed Bets
Gold Falls below $4,000 on Strong Dollar, Fed Bets

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 DBS Funds Asia Energy Transition Vehicle
Singapore's DBS Funds Asia Energy Transition Vehicle

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

Brent Extends Losses on Expectations of Smoother Crude Flows via Hormuz
Brent Extends Losses on Expectations of Smoother Crude Flows via Hormuz

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...

SK Hynix Targets $29 Billion US Listing as AI Demand Surges
SK Hynix Targets $29 Billion US Listing as AI Demand Surges

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...

Swiss Cinemas Offer Seniors Refuge as Heatwave Hits
Swiss Cinemas Offer Seniors Refuge as Heatwave Hits

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...


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