Economic news


Allbirds Rebrands as Smartbird in AI Pivot; Shares Soar

Allbirds Rebrands as Smartbird in AI Pivot; Shares Soar

Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten ​as CEO, cementing the former footwear maker's pivot to an ‌AI infrastructure firm and sending its shares up more than 30%. The company had said in April it was shiftin...


June 17, 2026
Latin American Stocks Rise as Markets await Fed Decision
Latin American Stocks Rise as Markets await Fed Decision

Most Latin American stocks rose on Wednesday, ​rebounding from the previous session's losses, while regional currencies were mixed as investors...

BBC to Cut 550 Jobs to Save Costs, Hits News Division
BBC to Cut 550 Jobs to Save Costs, Hits News Division

Britain's BBC public service broadcaster will cut 550 jobs, including in its news ​and content divisions, it said on Wednesday, as part...

Quantum Tech Firm EigenQ to Go Public in $3 bln SPAC Deal
Quantum Tech Firm EigenQ to Go Public in $3 bln SPAC Deal

EigenQ will go public through a merger with blank-check company Silicon Valley ​Acquisition in a deal valuing the quantum tech firm at...

French 2026 GDP Growth seen at 0.7% on Oil Shock: INSEE
French 2026 GDP Growth seen at 0.7% on Oil Shock: INSEE

France's economy is set for modest growth in ‌2026 as an oil price spike squeezes consumers, only partially offset by a rebound in...

Sterling Ignores Cooler Inflation Data ahead of BoE Meet
Sterling Ignores Cooler Inflation Data ahead of BoE Meet

The pound largely shrugged off softer-than-expected British inflation data on Wednesday as traders waited for the following day's labour market...

CarMax Tops Q1 Revenue on Higher Prices, Wholesale Demand
CarMax Tops Q1 Revenue on Higher Prices, Wholesale Demand

 CarMax topped revenue estimates for the first quarter on Wednesday, helped ​by higher used-vehicle prices and stronger ‌wholesale...

China to Back IPOs by 'Future Industry', AI Model Firms
China to Back IPOs by 'Future Industry', AI Model Firms

China took fresh steps ‌on Wednesday to fund tech innovation amid an intensifying rivalry with the U.S., saying it would support listings of...

UK Inflation Sticks at 13-Month Low ahead of BoE Rate
UK Inflation Sticks at 13-Month Low ahead of BoE Rate

British inflation held at 2.8% in May, unchanged ‌from April's 13-month low and below forecasts from both economists and the Bank of...

Rupee Flat as Oil Rally Faces Dollar Demand; Fed Eyed
Rupee Flat as Oil Rally Faces Dollar Demand; Fed Eyed

The Indian rupee ended broadly unchanged against the U.S. dollar on Wednesday, coming down from a six-week high ​and giving up almost all of the...

UK Stocks Edge Lower on Inflation Fears before BoE Nod
UK Stocks Edge Lower on Inflation Fears before BoE Nod

UK stocks edged lower on Wednesday, ​with consumer staples and energy shares weighing, as ​investors assessed steady inflation ahead of the Bank of...

China Issues 5-Year Employment Plan to Stabilize Jobs
China Issues 5-Year Employment Plan to Stabilize Jobs

China's State Council, the cabinet, issued ​the country's next five-year ‌plan for implementing the "employment-first...

Barclays Shifts STOXX 600 Target to 670 on Peace Hope
Barclays Shifts STOXX 600 Target to 670 on Peace Hope

Barclays raised its year-end target for the STOXX 600 index to 670 from 620 on Wednesday and ​dropped its bearish view on regional stocks,...

UK House Prices Rose by 3.8% in Year to April, ONS says
UK House Prices Rose by 3.8% in Year to April, ONS says

British house prices rose by 3.8% ​in the year ‌to April, after showing no growth in the ​year to ​March, the Office for National ⁠Statistics...

MSC Looking to Buy Stake in Hapag-Lloyd, Manager Magazin
MSC Looking to Buy Stake in Hapag-Lloyd, Manager Magazin

The founder and executive chairman of the ​world's largest container ‌shipping company MSC, Gianluigi Aponte, is looking to acquire ​a...

Gold Steady as US-Iran Deal Details Emerge, Fed Eyed
Gold Steady as US-Iran Deal Details Emerge, Fed Eyed

Gold prices held ‌steady near a one-week high on Wednesday, as details from a U.S.-Iran agreement emerged and investors awaited Federal...

China Pushes Yuan Global, Vows to Curb Financial Risks
China Pushes Yuan Global, Vows to Curb Financial Risks

China announced fresh measures on Wednesday to promote the global ​use of the yuan and unveiled plans to better manage domestic money market...

Oil Flat as Markets Weigh US-Iran Deal, Hormuz Risk
Oil Flat as Markets Weigh US-Iran Deal, Hormuz Risk

Oil prices fell slightly on Wednesday as investors gauged the impact of a U.S.-Iran peace deal, ​while uncertainty over full resumption of shipping...

Bank of Korea Vows to Act until Inflation Hits Target
Bank of Korea Vows to Act until Inflation Hits Target

The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the ​central bank said price pressures were expected to...

Dollar on Guard ahead of First Fed Decision under Warsh
Dollar on Guard ahead of First Fed Decision under Warsh

The dollar eased slightly on Wednesday ahead of ​the Federal Reserve's first policy decision under chair Kevin Warsh, with lingering optimism...

Oil Extends Fall, Stocks Steady as Traders Wait on Warsh
Oil Extends Fall, Stocks Steady as Traders Wait on Warsh

Sinking crude prices on news that Iranian fuel may soon hit global markets ​heralded inflation relief and pushed bond yields lower on Wednesday,...

French Central Bank Cuts Growth Outlook as Energy Bites
French Central Bank Cuts Growth Outlook as Energy Bites

France's ​economy is growing more slowly than expected after a sluggish start ‌to the year with the Middle East...

Nasdaq and S&P 500 Slip while Dow Hits Record Close
Nasdaq and S&P 500 Slip while Dow Hits Record Close

The Nasdaq Composite and the S&P 500 finished lower on Tuesday under pressure from ​technology stocks, while the Dow Jones Industrial Average...

Vietnam Holds 2026 GDP Goal Despite Trade Deficit
Vietnam Holds 2026 GDP Goal Despite Trade Deficit

Vietnam will stick to its economic growth target of 10% this year, despite a widening trade ​deficit and other challenges, a deputy finance...

Japan Exports Rise on Weak Yen, AI; Volumes Soft
Japan Exports Rise on Weak Yen, AI; Volumes Soft

Japan's exports grew for a ninth straight month in May, data showed on Wednesday, as a weaker yen, ​higher commodity prices and solid...

US Port Imports Soar as Buyers Outrun Rising Fuel Costs
US Port Imports Soar as Buyers Outrun Rising Fuel Costs

Imports to the busiest U.S. container port in ‌Los Angeles hit the second-highest level in history during May, as retailers rushed in products...

June 16, 2026
Thyssenkrupp to Spin Off Materials Trading Division
Thyssenkrupp to Spin Off Materials Trading Division

Thyssenkrupp plans to ​spin off its materials trading division, ‌the German conglomerate said on Tuesday, in what marks the sale of its...

US Agency Removes Chinese Toy Drones from Import Ban List
US Agency Removes Chinese Toy Drones from Import Ban List

The U.S. Federal Communications Commission said on ​Tuesday it will allow new ‌models of Chinese toy drones to be imported into the ​United...

Olin to Buy Huntsman in $2.43B Deal amid Tough Market
Olin to Buy Huntsman in $2.43B Deal amid Tough Market

Olin said on Tuesday it will acquire Huntsman in an all-stock deal valued at about $2.43 billion, combining two U.S. chemical producers...

Spain antitrust watchdog probes banks over mortgages
Spain antitrust watchdog probes banks over mortgages

Spain's antitrust regulator said on Tuesday it was launching disciplinary proceedings against all six listed ​lenders in the country, including...

Italy Business Lobby Urges Fast Renewables Roll-Out
Italy Business Lobby Urges Fast Renewables Roll-Out

Italy's business lobby Confindustria has called for emergency action from the government to speed up the roll-out of renewable energy in the...

German Auto Lobby Backs EU-US Trade Deal amid Tariffs
German Auto Lobby Backs EU-US Trade Deal amid Tariffs

The European Parliament's approval of Brussels' ​trade deal with the United States ‌is important for German auto makers seeking...

Equinor Scraps Renewable Energy Capacity Target
Equinor Scraps Renewable Energy Capacity Target

Norwegian oil and gas group Equinor has further ‌scaled back its renewable energy ambitions, dropping a 2030 installed capacity target...

Sterling Steady on US-Iran Deal as Focus Turns to BoE
Sterling Steady on US-Iran Deal as Focus Turns to BoE

Sterling held steady against the U.S. dollar on Tuesday as traders weighed the U.S.-Iran interim agreement to end the Middle East conflict and...

UK to Review Pension Transfer Rules after Unusual Deal
UK to Review Pension Transfer Rules after Unusual Deal

Britain will review defined benefit pension transfer rules after ​a novel deal saw an ‌asset manager take on a scheme's assets and...

FTSE 100 Rises on Financials, Industrials; Oil Slips
FTSE 100 Rises on Financials, Industrials; Oil Slips

London's FTSE 100 rose on Tuesday, with ​financials and industrials leading gains, as easing oil ​prices supported risk appetite. Oil prices...

RWI Cuts Germany Recovery Outlook on Energy Inflation
RWI Cuts Germany Recovery Outlook on Energy Inflation

BERLIN, June 16 (Reuters) - Germany's economy is expected to grow by 0.8% in both 2026 ​and 2027, as resilient industrial activity offsets only...

Rupee Gains as Markets Eye US-Iran Deal, Fed Guidance
Rupee Gains as Markets Eye US-Iran Deal, Fed Guidance

The Indian rupee rose for a third consecutive session on Tuesday as underlying sentiment remained ​supportive, while traders awaited details of the...

German Investor Morale Rebounds on Iran Peace Hopes
German Investor Morale Rebounds on Iran Peace Hopes

German investor morale rose unexpectedly ‌in June as financial market experts bet the Iran conflict was nearing an end and inflation...

Stocks Rise on SpaceX Tech Boom; Yen Flat after BOJ Hike
Stocks Rise on SpaceX Tech Boom; Yen Flat after BOJ Hike

Global stocks edged higher on Tuesday after a rally the day before on news ​of a U.S.-Iran peace deal, while the dollar held firm against the...

Dollar Drifts, Yen Finds no Relief after BOJ Hike
Dollar Drifts, Yen Finds no Relief after BOJ Hike

The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed ​risk appetite, while the...

China, Indonesia Shocks Upend Global Coal Market
China, Indonesia Shocks Upend Global Coal Market

A deadly mining accident in China's biggest coal-producing region and mounting ​policy chaos around Indonesian exports are choking global...

Oil Drops to new 3-Month Low on US-Iran Peace Deal
Oil Drops to new 3-Month Low on US-Iran Peace Deal

Oil prices ​slid to fresh three-month lows on Tuesday as markets weighed prospects for a resumption of supplies through ‌the Strait of Hormuz...


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