Economic news


Gold Up over 1% on US-Iran Pause; Fed Decision Looms

Gold Up over 1% on US-Iran Pause; Fed Decision Looms

Gold prices ​rose more than 1% on Monday as a pause in Middle East hostilities ‌pushed oil prices lower, eased some inflation worries and reduced expectations for near-term U.S. interest rate increases before a Federal Reserve meeting this week. Spot gold climbed 1.3% to $4,103.59 per o...


July 27, 2026
Apollo Global to Invest $1.5 Billion in Keppel Oil Rig Fund
Apollo Global to Invest $1.5 Billion in Keppel Oil Rig Fund

Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that ​will hold six operational oil...

Nvidia in Talks to Guarantee $250B OpenAI Data Center Deal
Nvidia in Talks to Guarantee $250B OpenAI Data Center Deal

Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data center project, the Wall...

Italy Machine Tool Sector Urges Tougher EU China Rules
Italy Machine Tool Sector Urges Tougher EU China Rules

The European Union must bolster trade defence measures against aggressive competition from Chinese ‌machine tool manufacturers or risk a...

Oil Prices Near One-Week Low as US and Iran Pause Strikes
Oil Prices Near One-Week Low as US and Iran Pause Strikes

Oil prices hovered around a one-week low ​on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of...

Indonesia Eases Export Bottleneck for Alumina, Nickel
Indonesia Eases Export Bottleneck for Alumina, Nickel

Indonesia's presidential staff office has called for cooperation between government agencies, law enforcement ‌officials and industry to...

Italy Readies Measures to Keep Fuel Below €2
Italy Readies Measures to Keep Fuel Below €2

Italy's cabinet will adopt new measures to curb ‌soaring fuel prices, government officials and a senior lawmaker said on Monday, as...

Pound Climbs as Oil Slump Cuts Rate-Hike Bets
Pound Climbs as Oil Slump Cuts Rate-Hike Bets

Sterling edged higher against the dollar on Monday as a sharp ​drop in oil prices eased worries about energy-driven inflation and tempered...

Audi Must Work with Volkswagen to Restructure Business, CFO
Audi Must Work with Volkswagen to Restructure Business, CFO

Volkswagen's premium brand Audi must work with the group towards a comprehensive restructuring, the subsidiary's finance chief said on...

London Stocks Rise on US-Iran Pause and Strong Earnings
London Stocks Rise on US-Iran Pause and Strong Earnings

London's FTSE 100 gained on Monday ​as a pause in U.S.-Iran hostilities over the weekend sent oil prices ‌lower and boosted risk sentiment...

Zhongji Innolight to Price Hong Kong IPO Below Maximum
Zhongji Innolight to Price Hong Kong IPO Below Maximum

Chinese optical parts maker Zhongji Innolight ​is guiding potential investors in its Hong Kong listing to a price ‌of HK$980 ($124.97) a...

Dollar Retreats as Oil Slides; Focus Turns to Central Banks
Dollar Retreats as Oil Slides; Focus Turns to Central Banks

The dollar dropped against other ​major currencies on Monday, after the U.S. paused its bombing in Iran, which dragged oil prices lower and lifted...

Rupee Extends Rally on RBI Intervention, Oil Slump
Rupee Extends Rally on RBI Intervention, Oil Slump

The Indian rupee extended its advance on Monday, hitting a two-week high, with central bank intervention and a slump ​in oil prices triggering a...

European Shares Climb on US-Iran Peace Optimism
European Shares Climb on US-Iran Peace Optimism

European shares climbed nearly 1% on ‌Monday, as a pause in U.S.-Iran hostilities over the weekend sent oil prices lower and boosted risk...

Indonesia Central Bank Governor Steps Down Unexpectedly
Indonesia Central Bank Governor Steps Down Unexpectedly

Indonesia's central bank governor, Perry Warjiyo, ​stepped down on Monday, a surprise move that analysts said could rattle investors worried...

Shares, Bonds Bounce in Asia as Oil Skids
Shares, Bonds Bounce in Asia as Oil Skids

Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices lower, easing inflation ​risks and boosting...

S.Korea's Naver Jumps 10% on Nvidia's $1B Investment Plan
S.Korea's Naver Jumps 10% on Nvidia's $1B Investment Plan

Shares of South Korean internet and cloud service giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1...

Tata Consumer Rises as Growth Units Boost Sentiment
Tata Consumer Rises as Growth Units Boost Sentiment

Shares of India's Tata Consumer Products rose as much as 2% on ​Monday after robust growth in its newer businesses boosted...

Nasdaq Lags as AI Spending Concerns Weigh Ahead of Earnings
Nasdaq Lags as AI Spending Concerns Weigh Ahead of Earnings

The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on ​worries about massive spending on artificial intelligence ahead of the next...

China Industrial Profit Growth Slows Amid Uneven Recovery
China Industrial Profit Growth Slows Amid Uneven Recovery

Profits at China's industrial firms grew at a ‌solid, though slower, pace as resilient exports helped cushion sluggish domestic demand,...

July 24, 2026
Oil Spike and Yields Threaten Stock Rally, Investors Fear
Oil Spike and Yields Threaten Stock Rally, Investors Fear

Deepening conflict in the Middle East has sent oil prices surging and Treasury yields ​climbing to levels that have equity investors on edge,...

World Cup Boosts US Business Activity in July, S&P Says
World Cup Boosts US Business Activity in July, S&P Says

Activity in the vast U.S. services ​sector accelerated in July, aided in part by spending around the FIFA World Cup and the Independence ‌Day...

US New Home Sales Rise in June, but Affordability Lags
US New Home Sales Rise in June, but Affordability Lags

Sales of new U.S. single-family homes snapped a two-month skid in June, but higher mortgage rates and affordability ‌challenges restrained the...

CATL Beats Q2 Profit Estimates on Strong Energy Storage
CATL Beats Q2 Profit Estimates on Strong Energy Storage

Chinese battery giant CATL reported stronger-than-expected second-quarter profit, ‌driven by robust growth in its energy storage business...

Meta Launches 'Seller' App to Provide Merchant Sales Tools
Meta Launches 'Seller' App to Provide Merchant Sales Tools

Meta on Friday launched a new app called "Seller" to offer dedicated selling tools to merchants ​using the company's Facebook...

Intel Rises; Strong Forecasts Signal AI Boost for Turnaround
Intel Rises; Strong Forecasts Signal AI Boost for Turnaround

Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling the chipmaker's...

US Agency Rejects Probe Into Tesla Door-Release Defect
US Agency Rejects Probe Into Tesla Door-Release Defect

The U.S. National Highway Traffic Safety Administration has denied a petition seeking ​a defect investigation into the emergency mechanical door...

Brazil Extends Gas Subsidy for 30 Days as Oil Rises
Brazil Extends Gas Subsidy for 30 Days as Oil Rises

The Brazilian ​government decided to extend a subsidy for ‌gasoline of 0.44 real per liter, the Finance Ministry said in a statement on...

Euro Zone Firms Struggle to Raise Prices After Iran Shock
Euro Zone Firms Struggle to Raise Prices After Iran Shock

Euro zone companies are struggling to raise prices for consumers already struggling with a rise in fuel costs, with fierce competition from China...

ECB Survey Shows Broadly Unchanged Inflation Outlook
ECB Survey Shows Broadly Unchanged Inflation Outlook

Euro zone inflation expectations remained broadly unchanged over the past three months and ​price growth is seen falling quickly next year...

German Business Activity Returns to Growth after 4 mths, PMI
German Business Activity Returns to Growth after 4 mths, PMI

Germany's private sector has returned to growth in July for the first time in four months, driven by a marked upturn ​in manufacturing output,...

French Private Sector Contraction Eased in July, Flash PMIs
French Private Sector Contraction Eased in July, Flash PMIs

France's private sector contraction eased in July, with services output slowing only marginally, although inflation, borrowing costs and...

Sabadell Sees Higher Profit and Lending Income Ahead
Sabadell Sees Higher Profit and Lending Income Ahead

Sabadell expects lending income and profitability to rise in ​2026 and 2027 after reporting lower second-quarter lending income on Friday as...

Fuel Swings Cloud US Airline Earnings Forecasts
Fuel Swings Cloud US Airline Earnings Forecasts

A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace...

China Blacklists 14 EU Entities Over Russia Sanctions
China Blacklists 14 EU Entities Over Russia Sanctions

China is banning the export of dual-use items to 14 additional European Union entities ​with immediate effect, the Commerce Ministry said on...

VW Cuts 2026 Sales Growth Outlook Amid Restructuring
VW Cuts 2026 Sales Growth Outlook Amid Restructuring

Volkswagen no longer expects revenue to grow this year, after ​the German carmaker dropped its previous forecast on Friday, setting the stage for a...

UK Firms Plan Smaller Price Rises and Wage Hikes, BoE Survey
UK Firms Plan Smaller Price Rises and Wage Hikes, BoE Survey

British businesses expect to increase prices and wages by ​a bit less in the ‌year ahead after a ceasefire in the Iran war briefly pushed down...

UK Firms Return to Growth as Cost Pressures Ease, PMI Shows
UK Firms Return to Growth as Cost Pressures Ease, PMI Shows

British firms reported their first growth in three months in July, helped by a brief respite in the Iran war, and were the most upbeat since the...

Hot Weather and World Cup Boost UK Retail Sales
Hot Weather and World Cup Boost UK Retail Sales

British retail sales ​rose unexpectedly in June as shoppers increased their spending on air conditioning and clothing, official data showed on...

India to Launch Common Customer ID for Financial Firms
India to Launch Common Customer ID for Financial Firms

Indian banks and insurers will launch a common customer identification system in August, with asset managers joining ‌later, two regulatory...

Reckitt to Sell Russia Hygiene Business, Expects $233M Hit
Reckitt to Sell Russia Hygiene Business, Expects $233M Hit

Reckitt Benckiser on Friday agreed to sell its Russian hygiene ​business to local consumer goods manufacturer Arnest ‌Management, as the...

India Gold Discounts Hit 7-Week High; China Demand Rises
India Gold Discounts Hit 7-Week High; China Demand Rises

India's gold discounts widened to their highest level in seven ‌weeks as demand remained subdued after a price rebound earlier in the week...

Oil Prices Head for Weekly Rise on Middle East Escalation
Oil Prices Head for Weekly Rise on Middle East Escalation

Oil futures prices retreated on ​Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red...


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