Economic news


USD Hits 2-mth High on Gulf War; JPY Wobbles near Intervention Zone

USD Hits 2-mth High on Gulf War; JPY Wobbles near Intervention Zone

The dollar clung to its recent strength near a two-month ​high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near ‌the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured ...


June 4, 2026
UK's FTSE 100 Falls to 2-Week Low; Bank, Energy Stocks Drag
UK's FTSE 100 Falls to 2-Week Low; Bank, Energy Stocks Drag

UK's FTSE ​100 fell to a more-than-two-week low on Thursday, as Asia-exposed ‌lenders dropped on a report of China tightening offshore...

TSMC Works to Meet Chip Demand, Wants to Hike Prices
TSMC Works to Meet Chip Demand, Wants to Hike Prices

Taiwan's TSMC, the world's largest contract chipmaker, ​is striving to keep up with demand and avoid becoming a bottleneck in the global...

Rupee Ends Slightly Lower ahead of Key Central Bank Rate
Rupee Ends Slightly Lower ahead of Key Central Bank Rate

The Indian rupee dipped on Thursday, extending a two-session decline, ahead of Friday's all-important Reserve Bank of India ​monetary policy...

Gold Gains as Mideast Peace Hopes Dent Dollar and Oil
Gold Gains as Mideast Peace Hopes Dent Dollar and Oil

Gold prices rose on Thursday as hopes of a resolution to the ‌Middle East conflict pushed the dollar and oil prices lower, easing fears of...

European Shares Steady as Investors Eye Mideast Risk
European Shares Steady as Investors Eye Mideast Risk

European shares were steady on Thursday, as investors assessed whether developments in the ‌Middle East would lead towards a peace deal to end...

UK Construction Shrinks at Fastest Pace since 2020: PMI
UK Construction Shrinks at Fastest Pace since 2020: PMI

Activity in Britain's construction sector slowed at the sharpest pace in six years last month as economic uncertainty and rising inflation...

Bank of Japan Expected to Raise Rates this Month, Sources
Bank of Japan Expected to Raise Rates this Month, Sources

The Bank of ​Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three...

Treasury Wine Luxury Push Lifts Shares 13% on Penfolds
Treasury Wine Luxury Push Lifts Shares 13% on Penfolds

Australia's Treasury ‌Wine Estates said on Thursday it will double down on a handful of brands led by the iconic luxury Penfolds, and...

Global Firms Tap India's IPO Boom to Take Profits Home
Global Firms Tap India's IPO Boom to Take Profits Home

India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising...

Airline Chiefs to Face Iran War Fuel Shock at Summit
Airline Chiefs to Face Iran War Fuel Shock at Summit

Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the...

Wall Street Ends Lower as Middle East Tensions Escalate
Wall Street Ends Lower as Middle East Tensions Escalate

Wall Street stocks pulled back from record highs on Wednesday as ​flaring tensions in the Middle East and rising crude prices stoked inflation...

Brazil Flags Demand Inflation as Rate-Cut Bets Fade
Brazil Flags Demand Inflation as Rate-Cut Bets Fade

Brazil's central bank is seeing demand-driven pressures contributing to inflation, Governor Gabriel Galipolo said on Wednesday, pointing to...

S.Korea Finmin Vows Response to Market Volatility
S.Korea Finmin Vows Response to Market Volatility

South Korea's finance minister said on Thursday ​authorities would closely monitor risks ‌around domestic stock, bond and foreign exchange...

Sunshine Silver Mining Raises $270 Million in US IPO
Sunshine Silver Mining Raises $270 Million in US IPO

Sunshine Silver Mining & Refining Company raised $270 million in its U.S. initial ​public offering on Wednesday, joining a growing number...

June 3, 2026
Macy's Raises Annual Outlook as Luxury Draws Shoppers
Macy's Raises Annual Outlook as Luxury Draws Shoppers

Macy's raised its annual forecasts and posted ‌its first quarterly sales growth in nearly four years on Wednesday, driven by strong...

US Cites Forced Labor Concerns as Grounds for new Tariffs
US Cites Forced Labor Concerns as Grounds for new Tariffs

The Trump administration has proposed ​new tariffs of up to 12.5% on imports from 60 economies after determining they had failed to curb trade in...

US Services Grow in May; Firms Face Higher Input Costs
US Services Grow in May; Firms Face Higher Input Costs

U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and...

US Private Payrolls Rise Broadly in May
US Private Payrolls Rise Broadly in May

U.S. private payrolls increased broadly in May, but economists cautioned against viewing the rise as a sign of a strengthening labor market, noting...

Fiat to Launch Grizzly SUV and Fastback in H2 2026
Fiat to Launch Grizzly SUV and Fastback in H2 2026

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in ​the second half of this year in ‌Europe, the Middle East and...

AlphaSense Valuation near Doubles to $7.5bn in Funding
AlphaSense Valuation near Doubles to $7.5bn in Funding

Market intelligence platform AlphaSense said on Wednesday it ​has raised $350 million at a valuation of $7.5 billion, nearly ‌double that of...

Sterling Struggles for Direction as Iran Talks at Impasse
Sterling Struggles for Direction as Iran Talks at Impasse

The British pound was little changed ​against the dollar and euro on Wednesday, with investors remaining focused on the conflict ‌in the...

UK Equities Slip as Middle East Impasse Drives Oil Higher
UK Equities Slip as Middle East Impasse Drives Oil Higher

UK shares declined ​on Wednesday, as risk sentiment took a hit after hostilities ‌in the Middle East picked up again and sent crude oil prices...

Rupee Hit by Oil, Stocks; Likely RBI Action Caps Losses
Rupee Hit by Oil, Stocks; Likely RBI Action Caps Losses

The Indian rupee weakened on Wednesday, weighed by a jump in oil prices on renewed hostilities in ​the Middle East and weakness in local stocks...

French Services Sector Shrinks in May at Fastest Pace since Late 2020, PMI
French Services Sector Shrinks in May at Fastest Pace since Late 2020, PMI

France's services sector contracted at its sharpest pace in 5-1/2 years in May as weaker demand and ​rising costs due to the Iran...

Stocks Dip on new Iran Attacks as Oil Prices Rise
Stocks Dip on new Iran Attacks as Oil Prices Rise

European stocks and U.S. futures fell slightly on Wednesday as oil prices rose for a third session as fresh ​hostilities flared in the...

European Stocks Dip on Mideast Tensions, Private Market Jitters
European Stocks Dip on Mideast Tensions, Private Market Jitters

European shares slipped on Wednesday as ‌renewed Middle East hostilities and signs of strain in private markets spooked investors, while Zara...

Germany Services Shrink again in May on Energy Costs, PMI
Germany Services Shrink again in May on Energy Costs, PMI

Germany's service sector contracted for a second straight month in May as subdued demand and high energy and other costs due to ​the war...

Yen Falls to 160, Prompting Tokyo Intervention Warnings
Yen Falls to 160, Prompting Tokyo Intervention Warnings

Renewed strength in the dollar pushed the Japanese yen ​back to the key 160 level on Wednesday, prompting verbal warnings from authorities and...

Inditex Defies Consumer Gloom with Strong Summer Sales
Inditex Defies Consumer Gloom with Strong Summer Sales

Zara owner Inditex reported a strong start ‌to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating...

Gold Eases as Mideast Tensions Lift Oil, US Data in Focus
Gold Eases as Mideast Tensions Lift Oil, US Data in Focus

Gold prices slipped on Wednesday, as renewed hostilities ‌in the Middle East pushed crude higher and stalled U.S.-Iran talks, while investors...

Oil Extends Gains as Mideast Talks Stall, Hostilities Flare
Oil Extends Gains as Mideast Talks Stall, Hostilities Flare

Oil prices rose over 1% on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between...

Google must Let UK Publishers Opt Out of AI Search
Google must Let UK Publishers Opt Out of AI Search

Britain ​has imposed new conduct requirements on Google's search services, including allowing publishers to ‌stop their content being...

US Targets India with Labour Tariff amid Trade Talks
US Targets India with Labour Tariff amid Trade Talks

The United States has proposed an additional tariff of 12.5% on ‌imports from India, saying it is among 60 economies that failed to curb...

Russia services contract at fastest pace since Sep 2025
Russia services contract at fastest pace since Sep 2025

Russia's services sector contracted in May at its quickest pace since September as weaker demand drove ​steeper falls in new orders and output,...

India Services Growth Hits 6-mth High on Strong Demand, PMI
India Services Growth Hits 6-mth High on Strong Demand, PMI

BENGALURU, June 3 (Reuters) - India's dominant services sector grew at its fastest pace in six months in May on a pick-up ​in domestic demand,...

US Eyes 10%-12.5% Tariffs on 60 States for Forced Labor
US Eyes 10%-12.5% Tariffs on 60 States for Forced Labor

The Trump administration on Tuesday proposed imposing additional duties of 10% or ​12.5% on imports from 60 economies after determining their...

DeepSeek Slated to Draw $7B in Maiden Fundraising, Sources
DeepSeek Slated to Draw $7B in Maiden Fundraising, Sources

Chinese AI startup DeepSeek is set to ​raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including Tencent...

Wall St Ends Higher as AI Craze Beats Mideast Jitters
Wall St Ends Higher as AI Craze Beats Mideast Jitters

The S&P 500 and the Dow closed modestly higher on Tuesday as ​risk appetite driven by AI fervor was counterbalanced by tensions arising from...

Australia Approves Ampol's $789M Acquisition of EG Australia
Australia Approves Ampol's $789M Acquisition of EG Australia

Australia's competition watchdog on Wednesday approved Ampol's A$1.1 billion ($789.47 million) acquisition of EG Australia, the local...

June 2, 2026
UniCredit Meets Commerzbank Target with 34% Stake
UniCredit Meets Commerzbank Target with 34% Stake

Italian bank UniCredit has increased its direct stake in Commerzbank to 34.4%, it said on Tuesday, ​under the takeover bid it launched on...

Philip Morris Cuts Outlook as Currency Volatility Bites
Philip Morris Cuts Outlook as Currency Volatility Bites

Philip Morris International cut its annual profit forecast on Tuesday citing ​currency swings, though CEO Jacek Olczak said other risks to...

Mastercard Appoints Insider Ling Hai CFO in Reshuffle
Mastercard Appoints Insider Ling Hai CFO in Reshuffle

Mastercard named Ling Hai as chief financial officer on ​Tuesday to succeed Sachin Mehra, who will step into the newly ‌created role of...


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