Economic news


Oil Rises 5th Day on Supply Concerns amid Chokepoint Threats

Oil Rises 5th Day on Supply Concerns amid Chokepoint Threats

Oil ​prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the ‌Red Sea by Yemen's Houthis and strikes between the U.S. and Iran that have once again nearly shut the Strait of Hormuz. Brent crude futures rose $2...


July 23, 2026
French Business Morale Improves in July Despite Head Winds
French Business Morale Improves in July Despite Head Winds

French business confidence ​rose to a four-month high in July despite a new flare-up ‌in the U.S.-Israeli war on Iran and record heatwaves at...

Asia's Rich Swap Sponsorships for Sports Stakes in Deal Boom
Asia's Rich Swap Sponsorships for Sports Stakes in Deal Boom

Asian wealthy families and fund managers are increasingly moving beyond sponsorships and charity-linked sporting events to invest directly in...

Euro Heads for One-Week High ahead of ECB Policy Decision
Euro Heads for One-Week High ahead of ECB Policy Decision

The euro rose towards a one-week high on Thursday ahead of a European Central Bank policy decision, with ‌officials expected to keep...

Asian Stocks Rise as AI Capex Ramps Up, Oil at 6-Week Highs
Asian Stocks Rise as AI Capex Ramps Up, Oil at 6-Week Highs

Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in ​the...

South Korea's Q2 GDP Beats Estimates on Chip Export Boom
South Korea's Q2 GDP Beats Estimates on Chip Export Boom

South Korea's economy ‌grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in...

Aussie June Jobs Blow Past View, Cement Rate Hike Bets
Aussie June Jobs Blow Past View, Cement Rate Hike Bets

Australian employment surged past all ​expectations in June, data showed on Thursday, in a sign of economic resilience that had markets...

July 22, 2026
AI Investment Boom Weighs on Big Tech's Free Cash Flow
AI Investment Boom Weighs on Big Tech's Free Cash Flow

U.S. hyperscalers are starting to show returns on their artificial intelligence investments, but the rising cost of the ​buildout is taking a bite...

Otis Cuts Annual Profit Outlook as Costs Rise, Mideast Hits
Otis Cuts Annual Profit Outlook as Costs Rise, Mideast Hits

Elevator maker Otis Worldwide on Wednesday cut its annual adjusted profit forecast on the back of increased costs, especially tied ​to labor,...

Porsche Supervisory Board Backs Tougher Restructuring
Porsche Supervisory Board Backs Tougher Restructuring

Porsche's supervisory board gave its blessing to the next round of restructuring measures on Wednesday, a company spokesperson said, ​with...

India's Eternal Sees Blinkit Profit at Top End of Outlook
India's Eternal Sees Blinkit Profit at Top End of Outlook

India's Eternal expects its grocery delivery unit Blinkit's profitability to hit the higher end of its previous forecast ​range, the...

Samsung Unveils Wider Foldable, Hikes Prices on Chip Costs
Samsung Unveils Wider Foldable, Hikes Prices on Chip Costs

Samsung Electronics on Wednesday ​unveiled a passport-sized foldable phone and raised prices of two updated foldable models, ‌as it grapples...

Prologis Makes $18.8 bln Last-Minute Bid for UK's Segro
Prologis Makes $18.8 bln Last-Minute Bid for UK's Segro

U.S. warehousing giant ​Prologis on Wednesday made what it called its best and final proposal to buy British ‌rival Segro for about...

Intel Results to Test if AI-Fueled Rally Has Room to Run
Intel Results to Test if AI-Fueled Rally Has Room to Run

Intel's results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares...

Rupee Hits 2-Month Low as Oil Prices Rise on Supply Fears
Rupee Hits 2-Month Low as Oil Prices Rise on Supply Fears

The Indian rupee fell to a two-month low on Wednesday as oil prices climbed on mounting ​fears of supply disruptions through key Middle East...

FTSE 100 Rises on Metals, Energy Gains; Mideast in Focus
FTSE 100 Rises on Metals, Energy Gains; Mideast in Focus

London's FTSE 100 edged up on Wednesday, supported by gains in precious metal ​miners and energy shares, while investors monitored escalating...

Hiring demand improves, Randstad executives say
Hiring demand improves, Randstad executives say

Early indicators of hiring demand are showing signs of improvement, Randstad executives said on Wednesday, suggesting ​a labour-market downturn...

UK Inflation Slows in Temporary Boost for New PM Burnham
UK Inflation Slows in Temporary Boost for New PM Burnham

British inflation cooled by more than expected last month as a brief de-escalation in the Iran ‌war reduced fuel prices, but the...

Bank Indonesia Holds Rates, Offers Inflow Incentives
Bank Indonesia Holds Rates, Offers Inflow Incentives

Indonesia's central bank kept policy rates ​unchanged on Wednesday, defying market expectations of another rate hike following back-to-back...

India Edible Oil Imports to Surge July-Oct on Tight Supply
India Edible Oil Imports to Surge July-Oct on Tight Supply

India's edible oil imports are set to climb between July and October as slower soybean and rapeseed crushing erodes domestic supplies, ahead of...

Santander Confirms Mid-Term Goals as Q2 Profit Climbs
Santander Confirms Mid-Term Goals as Q2 Profit Climbs

Spain's Santander ‌on Wednesday reaffirmed its mid-term and 2026 goals after second-quarter net profit rose due to a solid...

China's Fiscal Revenue Expands 4.7% in First Half
China's Fiscal Revenue Expands 4.7% in First Half

China's fiscal revenue rose 4.7% in the first half of 2026 from a year earlier, ​the finance ministry said on Wednesday, an acceleration from...

Zhongji Innolight Seeks $7B Hong Kong Listing, Asia's No. 2 in 2026
Zhongji Innolight Seeks $7B Hong Kong Listing, Asia's No. 2 in 2026

Chinese ​optical parts maker Zhongji Innolight is seeking to raise up to HK$55.05 billion ($7 billion) in a Hong Kong listing, in what would...

IB Keeps Rates Unchanged, Defying Hike Expectations
IB Keeps Rates Unchanged, Defying Hike Expectations

Indonesia's central bank kept policy rates unchanged on ​Wednesday, defying market expectations of ‌another rate hike following...

Akzo Nobel Beats View as Price Hikes Offset Input Costs
Akzo Nobel Beats View as Price Hikes Offset Input Costs

Dulux paint ​maker Akzo Nobel reported 5% organic growth in second-quarter core ‌profit on Wednesday, beating market expectations as...

Oil Hits near 6-Week Highs on new Mideast Supply Risks
Oil Hits near 6-Week Highs on new Mideast Supply Risks

Oil prices extended gains to trade near six-week highs on Wednesday as fears of further supply disruptions intensified after U.S. forces struck...

Asian Stocks Cling to Gains as US Rebounds, Oil Rises
Asian Stocks Cling to Gains as US Rebounds, Oil Rises

Stocks made lumpy gains on ​Wednesday as the boost from a strong Wall Street session was capped by caution ahead of earnings reports from Big...

EU Insurer Watchdog Demands Long-Term View from PE Buyers
EU Insurer Watchdog Demands Long-Term View from PE Buyers

Private equity firms seeking to buy European insurers must show they ​can support policyholders for the long term rather than pursuing a quick...

Yen Slides Past 163, Raising Intervention Alert
Yen Slides Past 163, Raising Intervention Alert

The yen was pinned near an almost four-decade low on Wednesday as rising oil prices and U.S. Treasury ​yields hoisted the dollar and left traders...

Gold Hits 2-Week High on Fed Outlook, Mideast Focus
Gold Hits 2-Week High on Fed Outlook, Mideast Focus

Gold rose to a two-week high ‌on Wednesday on technical buying as investors assessed the widening Middle East conflict and awaited the U.S....

Wall St Ends Higher on Chip Rebound; Earnings in Focus
Wall St Ends Higher on Chip Rebound; Earnings in Focus

Wall Street's main indexes closed ​higher on Tuesday, with the Nasdaq leading gains as a steep rally in semiconductor shares helped shift the...

Dev Market Debt to Hit Record $75.8 Tn on Shocks, Fitch Says
Dev Market Debt to Hit Record $75.8 Tn on Shocks, Fitch Says

Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent...

Strong Consumer Loan Demand Lifts Banorte Quarterly Profit
Strong Consumer Loan Demand Lifts Banorte Quarterly Profit

Mexico's Grupo Financiero Banorte reported a 6% rise in second-quarter net ​profit on Tuesday, slightly above estimates, boosted by...

Grupo Mexico Profit Beats Estimates on Higher Copper Prices
Grupo Mexico Profit Beats Estimates on Higher Copper Prices

Mining and transportation conglomerate Grupo Mexico said on Tuesday its second-quarter net profit rose nearly 79% from the same period a year...

July 21, 2026
Oil Hits 5-Week High on US-Iran Clashes, Houthi Threat
Oil Hits 5-Week High on US-Iran Clashes, Houthi Threat

Oil prices climbed about 2% on Tuesday to a five-week ‌high, on worries that energy supply disruptions could worsen in the Middle East due to...

Novartis Backs Full Year Forecast after $6B Profit Beat Helped by One-Offs
Novartis Backs Full Year Forecast after $6B Profit Beat Helped by One-Offs

Novartis beat second-quarter profit forecasts and kept its 2026 outlook unchanged on Tuesday, ‌saying one-off benefits that helped the...

Indian Refiners Turn to Russia, LatAm Oil in June Quarter
Indian Refiners Turn to Russia, LatAm Oil in June Quarter

India's oil imports from Russia and Latin America surged in the April to June quarter while those from the Middle East fell due to restricted...

UK Finance Chief Calms Market, but Tax and Debt Risks Loom
UK Finance Chief Calms Market, but Tax and Debt Risks Loom

The surprise decision by Britain's new Prime Minister Andy Burnham to make John Healey his finance minister is adding to...

Sterling Dips, Gilt Yields Hit 2-mth High on Burnham Plans
Sterling Dips, Gilt Yields Hit 2-mth High on Burnham Plans

Sterling dipped while UK gilt yields reached fresh two-month highs on ​Tuesday as investors weighed the prospect of higher government spending and...

US Exchanges Set for Volume Boost, but Regulation in Focus
US Exchanges Set for Volume Boost, but Regulation in Focus

U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to...

Saudi Crude Exports Fall to Record Low in 3rd Monthly Drop
Saudi Crude Exports Fall to Record Low in 3rd Monthly Drop

Crude oil exports from Saudi Arabia fell for a third straight month in May to a record low, data ​from the Joint Organizations Data Initiative...

China's Zhongji Innolight Plans $8B Hong Kong IPO, Sources
China's Zhongji Innolight Plans $8B Hong Kong IPO, Sources

China's Zhongji Innolight, a maker ‌of optical transceivers, will launch a Hong Kong listing on Wednesday to raise at least $8 billion,...

Swatch Reports Stronger Sales, but Profit Miss Hurts Shares
Swatch Reports Stronger Sales, but Profit Miss Hurts Shares

Swiss watchmaker Swatch Group reported improved first-half sales on Tuesday but missed ‌profit forecasts as the owner of the Omega,...


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