Economic news


Paramount, Warner Bros Merge to Create Skydance Powerhouse

Paramount, Warner Bros Merge to Create Skydance Powerhouse

Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's largest entertainment and news businesses. The deal brings together the studios behind ...


October 7, 2026
Oil Rises as Investors Mull Supply Threats
Oil Rises as Investors Mull Supply Threats

Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for...

IMF Chief Warns Energy Shock, Debt and AI Threaten Growth
IMF Chief Warns Energy Shock, Debt and AI Threaten Growth

The global economy is under threat from persistently high energy prices, ​record public debt and risks from the AI investment boom, International...

Porsche Braces for Lower Sales, Seeks Lifeline in Luxury
Porsche Braces for Lower Sales, Seeks Lifeline in Luxury

Porsche is reshaping its business ‌for a future with lower sales volumes, the sports car maker said on Wednesday, betting that a greater...

European Shares, Euro Fall on Energy Shock, Fiscal Worries
European Shares, Euro Fall on Energy Shock, Fiscal Worries

European stocks and the euro dropped on Wednesday as oil prices rose above $100 amid renewed Middle ​East tensions while fiscal concerns continued...

Dollar Gains as Oil Climbs and Investors Focus on the Fed
Dollar Gains as Oil Climbs and Investors Focus on the Fed

The US dollar edged higher on Wednesday, buoyed by rising oil prices, while investors awaited Federal Reserve meeting minutes and remarks from...

US Luxury Spending Slows ahead of Midterms, Credit Card Data
US Luxury Spending Slows ahead of Midterms, Credit Card Data

US credit card spending on luxury brands fell for a third consecutive month in September, retail lender Citi said on Tuesday, signalling further...

S&P 500, Nasdaq Reach Records as Focus Shifts to Earnings
S&P 500, Nasdaq Reach Records as Focus Shifts to Earnings

US ​stocks ended higher on Tuesday as crude prices steadied and US Treasury yields eased, offering some reprieve from concerns that have...

October 6, 2026
Canada's Trade Surplus Widens Substantially in August
Canada's Trade Surplus Widens Substantially in August

Canada's trade surplus widened substantially in August to ​C$4.2 billion ($2.94 billion), data showed on Tuesday, as exporters rushed to...

Oil Falls nearly 2% as Middle East Supply Concerns Ease
Oil Falls nearly 2% as Middle East Supply Concerns Ease

Oil prices fell nearly 2% on Tuesday as supply concerns eased due to ‌increased Middle Eastern crude exports and an agreement by the Group of...

Energy Transfer Buys Vaquero Midstream for $2.63B
Energy Transfer Buys Vaquero Midstream for $2.63B

Energy Transfer said on Tuesday it has agreed to acquire Vaquero Midstream in a deal valued ​at about $2.6 billion in cash and stock, expanding the...

Mattel Shares Slip as Investor Urges Strategic Review
Mattel Shares Slip as Investor Urges Strategic Review

Mattel's shares fell about 3% on Tuesday after investor Ariel Investments urged the toymaker to explore strategic ​alternatives, including...

AI Firm ElevenLabs to Invest Hundreds of Millions in India
AI Firm ElevenLabs to Invest Hundreds of Millions in India

London-based AI voice company ElevenLabs plans to invest "hundreds of millions of dollars" in ​India, its co-founder Mati Staniszewski...

India's Sept Fuel Consumption Rises 3.9% from Previous Month
India's Sept Fuel Consumption Rises 3.9% from Previous Month

India's fuel consumption in September rose 3.9% from the previous month to 19.26 million ​metric tons, data from the Petroleum Planning...

Le Pen Eyes Bond Markets, Pledges Bigger Spending Cuts
Le Pen Eyes Bond Markets, Pledges Bigger Spending Cuts

Marine Le Pen pledged sharply steeper cuts to spending if she wins French presidential elections next year in a ​signal to jittery bond markets the...

Rupee Hits 2-Mo Low as Outflows Surge; RBI Hike Priced In
Rupee Hits 2-Mo Low as Outflows Surge; RBI Hike Priced In

The Indian rupee declined to its weakest level in over two months on Tuesday, hit by outflows ​from local equities, while traders turned their...

India Tractor Sales Weaken as Poor Monsoon Hurts Farm Demand
India Tractor Sales Weaken as Poor Monsoon Hurts Farm Demand

India's September tractor retail sales declined 12.6% from a month earlier as the worst ​monsoon in a decade and a delayed festive season...

UK Shares Rise; Lower Oil, Easing Gilt Yields Lift Sentiment
UK Shares Rise; Lower Oil, Easing Gilt Yields Lift Sentiment

London's FTSE 100 advanced on Tuesday ​as a retreat in bond yields and softer oil prices calmed investors ‌following last week's...

French Bond Contagion Fears are Rattling the Euro
French Bond Contagion Fears are Rattling the Euro

A sliding euro is the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader...

India Services PMI at 3-Mo High, but Qtr Weakest Since 2022
India Services PMI at 3-Mo High, but Qtr Weakest Since 2022

India's dominant services industry expanded at its fastest pace in three months in September on stronger ​demand for financial, consumer and...

German Industrial Orders Fall Sharply over Large Contracts
German Industrial Orders Fall Sharply over Large Contracts

Oct 6 (Reuters) - German industrial orders fell sharply in ​August as large-scale orders for aircraft, ships, ‌trains, and military vehicles...

Gold Inches Lower as Firmer Dollar, Higher Yields Weigh
Gold Inches Lower as Firmer Dollar, Higher Yields Weigh

Gold prices eased on Tuesday, pressured by ​a firmer US dollar and elevated Treasury yields, although losses were ‌limited by easing...

Asian Shares Track Wall St Up as Treasury Yields Near Highs
Asian Shares Track Wall St Up as Treasury Yields Near Highs

Asian stocks gained on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with lower oil prices offering further support even...

German Industrial Orders Fall Sharply over Large Contracts
German Industrial Orders Fall Sharply over Large Contracts

German industrial orders fell sharply in ​August as large-scale orders for aircraft, ships, ‌trains, and military vehicles declined. New...

France's BPCE Buys 7% Stake in Spain's Sabadell, Eyes Ties
France's BPCE Buys 7% Stake in Spain's Sabadell, Eyes Ties

French ‌banking group BPCE has acquired a stake of around 7% in Spanish lender Sabadell through market ​purchases and financial...

Euro Struggles as it Faces Political, Fiscal Reckoning
Euro Struggles as it Faces Political, Fiscal Reckoning

The euro languished near a 17-month low on Tuesday, weighed down by political uncertainty ‌and fiscal concerns across the euro zone, while the...

Nasdaq Hits Record as Dollar, Yields Rise; Oil Prices Ease
Nasdaq Hits Record as Dollar, Yields Rise; Oil Prices Ease

Wall Street equities were buoyed by advances in mega-cap ​stocks on Monday, as Treasury yields held near multiyear highs, the dollar advanced...

Mynt Opens $844M Philippine IPO, Offers Shares via GCash
Mynt Opens $844M Philippine IPO, Offers Shares via GCash

MANILA/HONG KONG, Oct 6 (Reuters) - Philippine fintech firm Mynt began a 53 ​billion Philippine peso ($844.3 million) initial public offering...

October 5, 2026
Gold Steady as Stronger Dollar, High Yields Offset Fed Hikes
Gold Steady as Stronger Dollar, High Yields Offset Fed Hikes

Gold prices were steady on Monday, ‌as pressure from a stronger dollar and elevated US Treasury yields was offset by reduced expectations of a...

Intesa's Improved €35B MPS Bid Wins Top Investor's Backing
Intesa's Improved €35B MPS Bid Wins Top Investor's Backing

Italy's ​biggest bank Intesa Sanpaolo has claimed a major victory in its pursuit of Monte dei ‌Paschi di Siena (MPS) by securing...

S.African Fuel Prices to Jump this Week on Iran War Impact
S.African Fuel Prices to Jump this Week on Iran War Impact

South Africa's ​government said on Monday that the ‌regulated petrol pump price would rise by as much as 12% this week and the wholesale...

Alector Soars as Roche Licenses Parkinson's Drug for $1.27B
Alector Soars as Roche Licenses Parkinson's Drug for $1.27B

Swiss drugmaker Roche will pay up to $1.27 billion to license Alector's experimental treatment for ​Parkinson's disease, the US...

German Robot Firm RobCo Hits $1B Valuation, CEO Moves to US
German Robot Firm RobCo Hits $1B Valuation, CEO Moves to US

German robotics maker RobCo on Monday said it had passed a $1 billion valuation and that ​its CEO Roman Holzl had relocated to ‌the United...

UK FTSE 100 Steadies After Worst Week Since Apr; Miners Gain
UK FTSE 100 Steadies After Worst Week Since Apr; Miners Gain

The UK's FTSE 100 ​rose on Monday, steadying after its steepest drop since April last ‌week, as mining shares led gains and oil prices...

Hong Kong Stocks Edge Up; AI Shares Offset Property Weakness
Hong Kong Stocks Edge Up; AI Shares Offset Property Weakness

Hong Kong stocks edged up in light trading on Monday, as optimism in ​AI-related stocks outweighed selling pressure in property shares. ** At...

UK Services Firms Suffer Surge in Costs, Raise Prices, PMI
UK Services Firms Suffer Surge in Costs, Raise Prices, PMI

LONDON, Oct 5 (Reuters) - British services firms reported stronger cost pressures last month as fuel prices surged due to the Middle East ​conflict...

Euro at 17-Month Low, Dollar near pre-Liberation Day Highs
Euro at 17-Month Low, Dollar near pre-Liberation Day Highs

The euro slid to a 17-month low against the dollar ​on Monday as concerns about France's ability to rein in its budget deficit and a sharp bond...

Foxconn Q3 Revenue Soars on AI Demand, Beats Market Forecast
Foxconn Q3 Revenue Soars on AI Demand, Beats Market Forecast

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Monday a 47% jump in third-quarter ​revenue year-on-year that...

BT Steps in to Rescue Troubled Rival TalkTalk
BT Steps in to Rescue Troubled Rival TalkTalk

Britain's BT ‌Group acquired TalkTalk's consumer and wholesale businesses out of administration, it said on Monday, in a bid to...

Schneider to Buy US Software Firm PTC in $22.6B Deal
Schneider to Buy US Software Firm PTC in $22.6B Deal

France's Schneider Electric struck its ​biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal ‌valuing the US...

Takaichi Pledges Fiscal Discipline, Japan's Debt Bill Rises
Takaichi Pledges Fiscal Discipline, Japan's Debt Bill Rises

Japanese Prime Minister Sanae ​Takaichi on Monday pledged to "control" bond issuance and act swiftly against market turbulence, seeking...

India Seen Kicking Off Rate Hikes as Inflation Broadens
India Seen Kicking Off Rate Hikes as Inflation Broadens

Investors have loaded up on bets that the Reserve Bank of India will ​raise rates this week, warning that it risks falling behind the curve as...

Mideast Oil Exports Beat Pre-War Levels; Tanker Attacks Rise
Mideast Oil Exports Beat Pre-War Levels; Tanker Attacks Rise

Gulf oil exporters topped pre-war levels ​for about half of September, shipping data showed on Monday, though attacks on tankers and logistical...


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