Economic news


Wall St Ends Higher, Hopes of Iran War Resolution Offset Inflation Fears

Wall St Ends Higher, Hopes of Iran War Resolution Offset Inflation Fears

Wall Street stocks clawed their way back from a steep selloff to close higher on Monday, notching a final-hour rebound after ‌U.S. President Donald Trump suggested that the U.S.-Israeli war on Iran could be close to ending. All three indexes staged a late comeback after Trump said ...


March 10, 2026
Oil Sinks 7% as Trump Predicts Middle East de-Escalation
Oil Sinks 7% as Trump Predicts Middle East de-Escalation

Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in ​the previous session as U.S. President Donald...

Stocks Rebound, Oil Dives as Trump and Iran Trade Barbs
Stocks Rebound, Oil Dives as Trump and Iran Trade Barbs

Global stocks rallied and oil prices fell sharply on Tuesday after U.S. President Donald Trump declared the Middle East...

USD Rally Stalls on Hopes of Easing in Iran War, Wariness Reigns
USD Rally Stalls on Hopes of Easing in Iran War, Wariness Reigns

The dollar took a breather on Tuesday as investors ​swung between hopes for a de-escalation in the U.S.-Israeli war on Iran and concerns...

European Freight Truck Makers Brace for Wave of Low-Cost Chinese Rivals
European Freight Truck Makers Brace for Wave of Low-Cost Chinese Rivals

Chinese electric freight trucks are rolling into Europe at pace this year, following the trail blazed by Chinese EVs and threatening to upend the...

China's 1st 2-mth Iron Ore Imports Climb on Strong Exports, Domestic Demand
China's 1st 2-mth Iron Ore Imports Climb on Strong Exports, Domestic Demand

China's iron ore imports in the first two months of 2026 climbed 10% from a year ​earlier, customs data showed on Tuesday, thanks to stronger...

China Jan-Feb Crude Imports Surge on Higher Refinery Throughput, Stockpiling
China Jan-Feb Crude Imports Surge on Higher Refinery Throughput, Stockpiling

China's crude oil ​imports surged 15.8% in the first two months of 2026 from ‌a year earlier, official data showed on Tuesday, as refiners...

Shell to Offload Jiffy Lube to Monomoy Capital for $1.3 bln
Shell to Offload Jiffy Lube to Monomoy Capital for $1.3 bln

Shell said on Monday it will sell its Jiffy Lube lubricant ​shop chain to an affiliate of private equity firm Monomoy ‌Capital Partners...

Australia Business Conditions Steady in Feb, Sentiment Slips
Australia Business Conditions Steady in Feb, Sentiment Slips

A measure of Australian business conditions held steady in February with sales improving a little, a survey ​showed on Tuesday, though sentiment...

Airlines Start Broader Fare Hikes on Fuel Price Surge, Shares Stabilise
Airlines Start Broader Fare Hikes on Fuel Price Surge, Shares Stabilise

Air New Zealand said on Tuesday it has raised all of its fares due to ​the Middle East conflict and may take further pricing action,...

March 9, 2026
Europe's Struggling Retail Sector Looks Ill-Prepared for new Energy Price Shock
Europe's Struggling Retail Sector Looks Ill-Prepared for new Energy Price Shock

A surge in ​energy prices since the start of the U.S.-Israeli war on Iran piles further pressure on the retail sector ‌in Europe,...

London's FTSE Indexes Fall as Oil Prices Soar, Inflation Concerns Mount
London's FTSE Indexes Fall as Oil Prices Soar, Inflation Concerns Mount

UK stocks ‌closed at their lowest levels in about five weeks on Monday as rising oil prices intensified inflation fears and concerns over...

Microsoft Taps Anthropic for Copilot Cowork in Push for AI Agents
Microsoft Taps Anthropic for Copilot Cowork in Push for AI Agents

Microsoft is adding Anthropic's AI technology to its Copilot service to tap ​growing demand for autonomous agents, weeks after the...

Cboe to Launch Prediction Market Contracts Beyond Binary Bets, Offering Partial Payouts
Cboe to Launch Prediction Market Contracts Beyond Binary Bets, Offering Partial Payouts

Derivatives and securities exchange operator Cboe said on Monday it plans to launch prediction ​market contracts offering partial payouts...

UK Gilts and Sterling Hammered as Oil Prices Soar
UK Gilts and Sterling Hammered as Oil Prices Soar

British government bonds ​tumbled on Monday as a 25% jump in oil prices driven by the war in the Middle East fuelled ‌fears of...

Germany's Industry Makes Unexpectedly Weak Start to 2026
Germany's Industry Makes Unexpectedly Weak Start to 2026

Germany's industry got off ​to a surprisingly weak start in January, with orders falling more than ‌forecast and output unexpectedly...

Mideast War Spoils HK Trading Debuts, Putting IPO Momentum at Risk
Mideast War Spoils HK Trading Debuts, Putting IPO Momentum at Risk

War in the Middle East weighed on the market debuts of three Chinese company listings in Hong Kong on Monday, clouding the outlook for ‌share...

Small Investors become Dip Buyers, Energy Shock Sinks Stocks
Small Investors become Dip Buyers, Energy Shock Sinks Stocks

Retail traders in Asia are loading up on borrowed money to fund purchases in their brokerage accounts, traders and dealers said, as they chase...

Gold Galls on Inflation Concerns and Stronger Dollar; Mideast Tensions Dim Rate Cut Bets
Gold Galls on Inflation Concerns and Stronger Dollar; Mideast Tensions Dim Rate Cut Bets

Gold fell on Monday as the U.S.-Israeli war on Iran fuelled ‌inflation concerns, which dimmed near-term U.S. interest rate cut prospects and...

Norway Government Trims 2026 non-Oil GDP Forecast
Norway Government Trims 2026 non-Oil GDP Forecast

Norway's Labour Party government said on Monday ​it had cut its economic growth projections ‌for 2026, as it began work on making a fiscal...

Euro Zone Bonds Slide as Middle East War Drives Up Oil Prices, Stokes Market Jitters
Euro Zone Bonds Slide as Middle East War Drives Up Oil Prices, Stokes Market Jitters

Euro zone government bonds fell sharply on Monday, extending last week's selloff and ​driving yields higher as fears of a prolonged fallout...

Euro Zone Investor Morale Falls in Mar, Iran War Casts Doubt on EU Recovery
Euro Zone Investor Morale Falls in Mar, Iran War Casts Doubt on EU Recovery

The Sentix index measuring investor morale in the euro zone fell in March, ​a survey showed on Monday, citing ‌the initial impact of the...

Pound Slumps, Oil's Surge to $120 on Iran War Rocks Markets
Pound Slumps, Oil's Surge to $120 on Iran War Rocks Markets

The pound tumbled on Monday as investors rushed to the safety of the U.S. dollar and ditched the currencies of countries most exposed to rising...

Japan Considering Steps to Cushion Economy from Iran Conflict, PM Takaichi
Japan Considering Steps to Cushion Economy from Iran Conflict, PM Takaichi

Japan will consider steps ‌to cushion the economic blow from rising fuel costs caused by the conflict in the Middle East including curbing...

India's GAIL Seeks LNG Cargo for March Delivery, Industry Sources
India's GAIL Seeks LNG Cargo for March Delivery, Industry Sources

SINGAPORE, March 9 (Reuters) - India's largest gas distributor, GAIL, has issued a ​tender seeking a cargo of liquefied ‌natural gas...

Apollo to Close Acquisition of Atletico Madrid Stake this Week, Expansion
Apollo to Close Acquisition of Atletico Madrid Stake this Week, Expansion

U.S. fund Apollo's ‌sports investment arm Apollo Sports Capital will complete the ​acquisition of 55% ​of Spanish football club...

Agilent to Acquire Biocare Medical in $950M all-Cash Deal
Agilent to Acquire Biocare Medical in $950M all-Cash Deal

Life sciences firm Agilent Technologies said ​on Monday that it will ‌acquire privately held clinical pathology firm Biocare Medical in...

Oil Pares Gains, Still on Track for Record Surge as Iran War Escalates
Oil Pares Gains, Still on Track for Record Surge as Iran War Escalates

Oil prices came off earlier highs on Monday but were still up more than 15% at levels not seen since ​mid-2022 as some major producers cut supplies...

India's Finished Steel Exports Jump 36.6% in April-February
India's Finished Steel Exports Jump 36.6% in April-February

India's finished steel ​exports climbed 36.6% year-on-year ‌to 6.02 million metric tons in the first 11 ​months of the ​financial year,...

Shares Skid as Oil Surge Threatens Inflation Shock
Shares Skid as Oil Surge Threatens Inflation Shock

Share markets nosedived in Asia on Monday as the inflationary jolt from surging oil prices threatened to ​raise living costs and interest...

Airline Shares Battered as Oil Prices Spike, Iran War Intensifies
Airline Shares Battered as Oil Prices Spike, Iran War Intensifies

Surging oil prices and the escalating U.S.-Israeli war with Iran hammered airline stocks in Asia on Monday, piling ​pressure on carriers...

US Stocks Close Down as Oil Spikes 12%, Job Market Weakens
US Stocks Close Down as Oil Spikes 12%, Job Market Weakens

Wall Street's three main indexes closed down ​on Friday amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil ‌prices...

Japan Real Wages Grow for 1st Time in 13 mths, Boosting BOJ Hike Case
Japan Real Wages Grow for 1st Time in 13 mths, Boosting BOJ Hike Case

Japan's real wages climbed in January for the first time in 13 months as inflation cooled, with base salaries growing at their fastest pace in...

INR, Bonds seen under Pressure as Middle East War Escalates
INR, Bonds seen under Pressure as Middle East War Escalates

The Indian rupee and government bonds are likely to remain under pressure this week, as the deepening Middle East conflict and a nearly 25% spike...

US, Japan may Partner with Japan Display for new US Plant under Investment Package, Sources
US, Japan may Partner with Japan Display for new US Plant under Investment Package, Sources

Tokyo and Washington are looking at building a display factory in the U.S. in partnership with Japan Display as ​part of Japan's planned...

March 6, 2026
Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five
Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five

Gold rose ​on Friday after softer U.S. payrolls data kept hopes of a Federal Reserve rate ‌cut alive, but remained on track for its first...

Robinhood's $658M Private Markets Fund for Retail Investors Goes Public
Robinhood's $658M Private Markets Fund for Retail Investors Goes Public

Robinhood debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday, offering retail investors a rare chance...

BP Seeks at Least $3.7B from Venture Global Arbitration, Filing
BP Seeks at Least $3.7B from Venture Global Arbitration, Filing

BP is seeking ‌at least $3.7 billion from its arbitration win against Venture Global in a case concerning liquefied natural gas...

United Airlines sees Hit to Results on Fuel Cost Spike from Iran Conflict
United Airlines sees Hit to Results on Fuel Cost Spike from Iran Conflict

United Airlines CEO Scott Kirby said on Friday he expects a "meaningful" hit to the carrier's first-quarter results from surging...

US Business Inventories Nudge Up in December
US Business Inventories Nudge Up in December

U.S. business inventories edged up in December amid a rebound in ​stocks at retailers, government data showed on ‌Friday. Inventories...

US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%
US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%

The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor...

UK House Prices Rise but Inflation Fears cloud Outlook
UK House Prices Rise but Inflation Fears cloud Outlook

British house prices rose ​in February at the fastest pace since October, data showed on Friday, but lenders raised their mortgage rates ‌over...

FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh
FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh

The UK's main indexes were on track for their biggest weekly decline in almost a year on Friday, as the escalating war in the Middle East...


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