Economic news


FTSE 100 Pulls Back from Record as Middle East Tensions Escalate

FTSE 100 Pulls Back from Record as Middle East Tensions Escalate

London's FTSE 100 retreated on Friday after closing at a record high in the previous session as Israel's attacks on Iran ramped up geopolitical tensions, but gains in energy stocks limited declines. The blue-chip FTSE 100 closed down 0.4%, less than 1% away from an intraday reco...


June 13, 2025
Germany Records Fewer Insolvencies for 1st Time in over 2 yrs
Germany Records Fewer Insolvencies for 1st Time in over 2 yrs

The number of regular insolvencies in Germany fell by 0.7% year-on-year in May, its first decrease in more than two years, Federal Statistics...

Ford Struggles with Supply of Rare Earth Magnets, CEO tells Bloomberg News
Ford Struggles with Supply of Rare Earth Magnets, CEO tells Bloomberg News

Ford Motor Co is struggling with supplies of rare earth magnets, the automaker's CEO Jim Farley told Bloomberg News in an interview on...

European Shares Tumble as Israel-Iran Tensions Flare, Set for Weekly Losses
European Shares Tumble as Israel-Iran Tensions Flare, Set for Weekly Losses

European shares touched their lowest level in three weeks on Friday after Israel's attack on Iran soured global risk sentiment and sent...

Brazil's Meliuz Raises $32.4M in Share Offering to Buy BTC
Brazil's Meliuz Raises $32.4M in Share Offering to Buy BTC

Brazilian fintech Meliuz raised 180.08 million reais ($32.39 million) in a follow-on share offering aimed at obtaining funds to purchase...

BoE to Keep Rates Steady Despite Slower Job Market
BoE to Keep Rates Steady Despite Slower Job Market

The Bank of England is set to keep rates on hold next week, sticking with its gradual approach to cuts after a reduction in May, but investors will...

USD Jumps, Israel Strikes on Iran Rekindle Safe-Haven Appeal
USD Jumps, Israel Strikes on Iran Rekindle Safe-Haven Appeal

The dollar headed for its biggest one-day rise in a month on Friday, as investors rushed back into the currency in their search for safe-haven...

UK Hiring Slows again in May but Downturn Might be Easing, Recruiters
UK Hiring Slows again in May but Downturn Might be Easing, Recruiters

British businesses hired staff at a slower pace in May as demand for staff fell for an eighth consecutive month, but there were some signs that the...

AMD Turns to AI Startups to Inform Chip, Software Design
AMD Turns to AI Startups to Inform Chip, Software Design

Advanced Micro Devices has forged close ties to a batch of artificial intelligence startups as part of the company's effort to bolster its...

Gold at near 2-mth High, Israel-Iran Tensions Fuel Safe-Haven Demand
Gold at near 2-mth High, Israel-Iran Tensions Fuel Safe-Haven Demand

Gold prices rose to a near two-month high on Friday, driven by safe-haven demand as Israel's strikes on Iran escalated tensions in the Middle...

Brazil Beef Barons' Wall St Listing Caps a Return from Exile
Brazil Beef Barons' Wall St Listing Caps a Return from Exile

Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley...

UK Public's Medium-Term Inflation Expectations Stay High in May
UK Public's Medium-Term Inflation Expectations Stay High in May

The British public's expectations for inflation over the medium term remained at their highest in several years although short-term...

High Oil Prices Due to Israeli Strikes on Iran would Hurt German Economy, DIW
High Oil Prices Due to Israeli Strikes on Iran would Hurt German Economy, DIW

A conflict between Israel and Iran could dampen the outlook for the German economy if it leads to an increase in oil prices, the economic institute...

UK's Energean Suspends Production Offshore Northern Israel
UK's Energean Suspends Production Offshore Northern Israel

British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production...

Lufthansa Braces for Dip in Demand for Flights to US in Q3
Lufthansa Braces for Dip in Demand for Flights to US in Q3

Germany's Lufthansa is bracing for weaker demand in the third quarter for flights to the United States after a boom in the summer,...

China's 2025 LNG Imports Expected to Fall in Unusual Downturn, Analysts
China's 2025 LNG Imports Expected to Fall in Unusual Downturn, Analysts

China's annual imports of liquefied natural gas (LNG) are forecast to decline for the first time in three years on weak industrial demand and...

Shein's Planned Hong Kong Listing to Benefit from Wider Capital Pool, Analysts
Shein's Planned Hong Kong Listing to Benefit from Wider Capital Pool, Analysts

Shein's planned listing in Hong Kong will help the online fast-fashion retailer avoid sharp investor scrutiny of its supply chains while...

GBP Drops as Israel's Strikes on Iran Boost Safe-Haven USD
GBP Drops as Israel's Strikes on Iran Boost Safe-Haven USD

The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel launched a flurry of...

Canada's Dundee Precious to Buy UK's Adriatic Metals in $1.25B Deal
Canada's Dundee Precious to Buy UK's Adriatic Metals in $1.25B Deal

Canada's Dundee Precious Metals will acquire UK's Adriatic Metals in a cash-and-stock deal valued at $1.25 billion, the companies said...

Oil Soars more than 6% after Israel's Strike on Iran Alarms Market
Oil Soars more than 6% after Israel's Strike on Iran Alarms Market

Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically...

Stocks Tumble, Oil Soars as Israel's Strike on Iran Jolts Markets
Stocks Tumble, Oil Soars as Israel's Strike on Iran Jolts Markets

Global stock markets dived on Friday and oil prices surged after Israel conducted a military strike on Iran, rattling investors and...

India Cbank Likely Steps In on Rupee Buckles Under Oil Shock
India Cbank Likely Steps In on Rupee Buckles Under Oil Shock

A surge in oil prices after Israel’s strikes on Iran sent the Indian rupee tumbling on Friday, prompting the central bank to step...

S&P 500 Ends Higher, Oracle Reignites AI Rally; Boeing Drops
S&P 500 Ends Higher, Oracle Reignites AI Rally; Boeing Drops

The S&P 500 ended higher on Thursday after a strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries...

June 12, 2025
US Producer Prices Rebound Less than Expected in May
US Producer Prices Rebound Less than Expected in May

U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares. The producer price index for...

Micron Expands US Investments to $200B amid Trump's Onshoring Push
Micron Expands US Investments to $200B amid Trump's Onshoring Push

Memory chipmaker Micron Technology said on Thursday it is expanding its U.S. investments to about $200 billion, planning to dole out $150...

BlackRock Aims to Grow Revenue to $35 bln and more by 2030
BlackRock Aims to Grow Revenue to $35 bln and more by 2030

BlackRock said on Thursday it was aiming to grow its revenue to $35 billion and more by 2030 from $20 billion last year, as the asset...

Pirelli Investors Back 2024 Earnings Report Despite Opposition from China's Sinochem
Pirelli Investors Back 2024 Earnings Report Despite Opposition from China's Sinochem

Pirelli investors on Thursday approved the Italian tyremaker's earnings report for last year despite the opposition of its largest...

Chime Set for Long-Awaited Market Debut after $864M US IPO
Chime Set for Long-Awaited Market Debut after $864M US IPO

Chime is set to debut on the Nasdaq later on Thursday after raising $864 million in its initial public offering, with investors waiting...

JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s
JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s

JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through...

US Weekly Jobless Claims Steady at Higher Levels
US Weekly Jobless Claims Steady at Higher Levels

The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week as labor market conditions...

Boeing Shares Fall 8% after Air India Dreamliner Jet Crashes
Boeing Shares Fall 8% after Air India Dreamliner Jet Crashes

Shares of planemaker Boeing fell 8% in premarket U.S. trading on Thursday after an Air India 787-8 Dreamliner aircraft with 242...

India's Inflation Falls to 2.82% in May in Longest Run below Target in 6 yrs
India's Inflation Falls to 2.82% in May in Longest Run below Target in 6 yrs

India's retail inflation stayed below the central bank's 4% target for the fourth straight month in May on easing food prices, reinforcing...

EU Confirms Delay of new Banking Rules Until 2027
EU Confirms Delay of new Banking Rules Until 2027

The European Commission on Thursday said it would delay the implementation of new, global rules governing banks' trading by a year, until Jan...

Sterling Drops to Six-Week Low against Euro
Sterling Drops to Six-Week Low against Euro

Sterling rose against the U.S. dollar on Thursday but dropped to a six-week low against the euro, following weak economic data from the U.S. and...

Spain's Multiverse Raises $217 mln for Compressing AI Models
Spain's Multiverse Raises $217 mln for Compressing AI Models

Spanish AI firm Multiverse Computing said on Thursday it has raised 189 million euros ($217 million) from investment firm Bullhound Capital, HP...

China Affirms Trade Deal with US, says it always Keeps its Word
China Affirms Trade Deal with US, says it always Keeps its Word

China on Thursday affirmed a trade deal announced by U.S. President Donald Trump, saying both sides needed to abide by the consensus and...

BoE Allocates Record 68.929 bln Pounds at Short-Term Repo
BoE Allocates Record 68.929 bln Pounds at Short-Term Repo

The Bank of England on Thursday allotted a record 68.929 billion pounds ($93.52 billion) in seven-day funds in its weekly short-term repo...

Oracle Shares Soar, AI cloud Demand Propels Revenue Forecast
Oracle Shares Soar, AI cloud Demand Propels Revenue Forecast

Oracle shares surged nearly 8% in premarket trading on Thursday after the company raised its annual revenue forecast, driven by strong demand...

Energy Stocks Keep FTSE 100 Steady, Trade Deal Optimism Wanes
Energy Stocks Keep FTSE 100 Steady, Trade Deal Optimism Wanes

London's FTSE 100 was slightly lower on Thursday as recent optimism around the U.S.-China trade deal waned, but gains in heavyweight energy...

Paris Airshow Set for new Jet Orders Despite Conflict, Tariff Gloom
Paris Airshow Set for new Jet Orders Despite Conflict, Tariff Gloom

Aerospace manufacturers will aim to project business as usual with big-ticket aircraft orders at next week’s Paris Airshow, despite U.S....

Ifo Institute Raises German Growth Forecasts due to New Govt Plans
Ifo Institute Raises German Growth Forecasts due to New Govt Plans

The Ifo institute on Thursday raised its forecasts for the German economy for this year and next, expecting new government measures and a spending...

European Shares Slump as Trade Optimism Fizzles, Geopolitical Tensions Mount
European Shares Slump as Trade Optimism Fizzles, Geopolitical Tensions Mount

European shares dropped on Thursday, in their fourth straight session of declines, as recent trade optimism stemming from potential deals with the...

German Economic Institutes Raise Growth Forecasts
German Economic Institutes Raise Growth Forecasts

The German economy is expected to grow this year following two consecutive years of contraction, two economic institutes said on Thursday, raising...


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