Economic news


Coty Sees Weak Quarterly Profit, Withholds Annual Forecasts in 'Transition Year'

Coty Sees Weak Quarterly Profit, Withholds Annual Forecasts in 'Transition Year'

Coty on Wednesday forecast current-quarter earnings below expectations and withheld its annual outlook, calling fiscal 2027 a "transition year" as it pushes ahead with a business overhaul. Shares of the company fell 7% in extended trading as ​its lack of an annual outlook, unl...


August 20, 2026
Europe's STOXX 600 Slips on Inflation Fears
Europe's STOXX 600 Slips on Inflation Fears

European shares inched lower on Thursday, as elevated oil prices kept inflation worries alive, while a recovery in global bonds after a U.S....

UK Statistics Office Revises Up 2023, 2024 Growth Estimates
UK Statistics Office Revises Up 2023, 2024 Growth Estimates

Britain's statistics office said on Thursday that the economy grew slightly faster in 2023 and 2024 than previously thought, making ​economic...

AI Productivity May Not Curb Inflation, IMF Official Warns
AI Productivity May Not Curb Inflation, IMF Official Warns

Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund's new chief...

UK Factory Orders Show Best Performance since Nov 2024, CBI
UK Factory Orders Show Best Performance since Nov 2024, CBI

A gauge of British factory orders rose this month to reach its highest level since November ​2024, adding to wider signs of resilience in ‌the...

FTSE 100 Falls as JD Sports Tumbles on Forecast Cut
FTSE 100 Falls as JD Sports Tumbles on Forecast Cut

The UK's FTSE 100 slipped on Thursday, as JD Sports plunged after issuing a downbeat forecast, while a rebound in government bond yields put...

German Economy Hampered by Depleted Rivers, Bundesbank Says
German Economy Hampered by Depleted Rivers, Bundesbank Says

Depleted German rivers are disrupting the transport of goods across Europe's largest economy, ​hampering an already timid recovery, the...

Rupee Rangebound as Short Traders Await Fresh Entries
Rupee Rangebound as Short Traders Await Fresh Entries

The Indian rupee lumbered in a thin range on Thursday, with both positive and ​negative global cues having limited impact on the currency ‌as...

Sterling Hits Six-Month High against Fading Dollar
Sterling Hits Six-Month High against Fading Dollar

The British pound rose ​to a six-month high against a stuttering dollar on Thursday, a day after the U.S. ‌Treasury took a surprise measure to...

Gold Falls Off 2-Month High After US Treasury Move
Gold Falls Off 2-Month High After US Treasury Move

Gold fell on Thursday as ​investors booked profits after prices climbed to a more than two-month peak ‌on a surprise U.S. Treasury...

Robots Poised for 'ChatGPT Moment,' Unitree CEO Says
Robots Poised for 'ChatGPT Moment,' Unitree CEO Says

The CEO of Chinese humanoid robot unicorn Unitree said on ​Thursday the industry is edging towards a "ChatGPT moment" for robot...

German Producer Prices Rise at Fastest Pace in Over 3 Years
German Producer Prices Rise at Fastest Pace in Over 3 Years

German producer prices rose at their fastest pace in over three years ​in July, driven by higher costs for intermediate ‌goods and energy, the...

Dollar Hits 3-Month Low as Treasury Targets Bond Yields
Dollar Hits 3-Month Low as Treasury Targets Bond Yields

The U.S. dollar stood at three-month lows on Thursday after the Treasury ​Department moved to calm a bond market rout that had...

Oil Gains on Mideast Supply Concerns Amid US-Iran War
Oil Gains on Mideast Supply Concerns Amid US-Iran War

Oil ​prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran ‌will continue to disrupt supply from...

Bonds Recover after US Treasury Comes to the Rescue
Bonds Recover after US Treasury Comes to the Rescue

Global bonds rebounded on Thursday after the U.S. Treasury stepped in to stem a rout in its debt ​market, soothing investor nerves and sending the...

India Bars JPMorgan Entity Over Alleged Auction Rigging
India Bars JPMorgan Entity Over Alleged Auction Rigging

India's securities regulator on Wednesday banned two firms from the market for allegedly manipulating trades on a newly launched ​closing-price...

China's Shanghai Eases Housing Policies to Spur Demand
China's Shanghai Eases Housing Policies to Spur Demand

China's commercial hub of Shanghai will ​ease some property policies ‌from Friday, including mortgage, housing provident fund and purchase...

India Regulator Bets on Reforms to Stop Capital Flight
India Regulator Bets on Reforms to Stop Capital Flight

India's markets regulator is set to overhaul decades-old rules and stem soaring outflows of foreign funds, three sources said, in a move some...

Hengrui Sees Profit Growth Squeezed by Bulk-Buying Programs
Hengrui Sees Profit Growth Squeezed by Bulk-Buying Programs

Jiangsu Hengrui Pharmaceuticals, China's biggest drugmaker by ‌market value, reported a 0.34% rise in first-half net profit on Wednesday,...

Citi, HSBC, StanChart Adopt Ant International Forex AI Tool
Citi, HSBC, StanChart Adopt Ant International Forex AI Tool

Ant International launched an upgraded version of its ​artificial intelligence model on Thursday, signing ‌up major global banks as financial...

August 19, 2026
Europe's STOXX 600 near 3-wk Low as Inflation Worries Weigh
Europe's STOXX 600 near 3-wk Low as Inflation Worries Weigh

European ​shares edged down to nearly a three-week low on Wednesday, as firmer oil prices and concerns over ‌rising inflation offset relief...

Gold Jumps Over 3% as US Treasury News Hurts Yields, Dollar
Gold Jumps Over 3% as US Treasury News Hurts Yields, Dollar

Gold surged over ‌3% to its highest in over two and a half months on Wednesday after a surprise liquidity support announcement by...

Euro Zone Yields Slip From Highs After US Treasury News
Euro Zone Yields Slip From Highs After US Treasury News

The pressure on euro zone government bonds eased on Wednesday, with yields slipping from multi-year highs after the U.S....

US 30-Year Treasury Yields Drop from Multi-Year Highs
US 30-Year Treasury Yields Drop from Multi-Year Highs

Yields on 30-year U.S. Treasuries fell sharply on Wednesday ​from around their highest level in 19 years, ‌after the Treasury Department...

Target Lifts Annual Outlook as Turnaround Takes Root
Target Lifts Annual Outlook as Turnaround Takes Root

Target raised its annual ​sales forecast for a second time this year as efforts to cut prices and freshen merchandise yielded results, while...

Oil Hovers near Three-Week High on Uncertainty over Hormuz
Oil Hovers near Three-Week High on Uncertainty over Hormuz

Oil prices trimmed ​gains but kept near a three-week high hit earlier on Wednesday on uncertainty over shipping through the Strait ‌of...

US, India Fuel Exporters Profit From War Supply Fears
US, India Fuel Exporters Profit From War Supply Fears

Oil refiners in India and the U.S. are reaping a bonanza as wars in Iran and Ukraine have disrupted global fuel supplies,...

Charles Schwab to Expand India Center to 2,000 by 2027
Charles Schwab to Expand India Center to 2,000 by 2027

U.S. financial services firm Charles Schwab plans to expand the workforce at its newly opened ​India-based global capability centre to about 2,000...

Europe Corporate Outlook Gains Beyond Energy Profits
Europe Corporate Outlook Gains Beyond Energy Profits

A broadening corporate recovery beyond surging energy profits pushed Europe's blue-chip earnings forecasts higher for a ninth straight ​week,...

Lyntris, Holders Raise $298M in Downsized US IPO
Lyntris, Holders Raise $298M in Downsized US IPO

Lyntris and some of its existing stockholders raised $297.5 million in a downsized U.S. IPO after pricing below the marketed range and...

Hershey Eyes Health Market With Savory Halloween Snacks
Hershey Eyes Health Market With Savory Halloween Snacks

Halloween trick-or-treating could be less sugary than usual this year as ‌consumers look for healthier snacks and candy companies such as...

Dollar Softens as Bond Market Steadies ahead of Fed Minutes
Dollar Softens as Bond Market Steadies ahead of Fed Minutes

The U.S. dollar slipped against major peers on Wednesday as a ​selloff in Treasuries eased, with investors counting on minutes from the Federal...

FTSE 100 Slips after Inflation Report; Smith+Nephew Drops
FTSE 100 Slips after Inflation Report; Smith+Nephew Drops

London shares edged lower on Wednesday as investors assessed an in-line inflation report, while Smith+Nephew fell after ​announcing the departure...

Bond Selloff Slows, Oil Climbs Further
Bond Selloff Slows, Oil Climbs Further

Global bond yields stabilised on Wednesday near their highest levels in decades on fears of swelling sovereign debt, while oil futures gained ​for...

Samsung Hikes Chip Prices Up to 15% on Surge in Demand
Samsung Hikes Chip Prices Up to 15% on Surge in Demand

Samsung Electronics has raised prices for some advanced contract ​chipmaking services by up to 15% for new orders, two people familiar with...

Japan has Few Answers as Bond Rout Puts Fiscal Plans at Risk
Japan has Few Answers as Bond Rout Puts Fiscal Plans at Risk

Japan is running low on options to fight a bond rout that could push debt financing costs ​above government estimates, leaving Prime Minister Sanae...

Sterling Firm After UK Inflation Matches Expectations
Sterling Firm After UK Inflation Matches Expectations

The British pound clung to gains against the dollar early on Wednesday after data showed UK inflation in July ​picked up, as...

SK Hynix to Buy Back, Cancel $29B Worth of Treasury Shares
SK Hynix to Buy Back, Cancel $29B Worth of Treasury Shares

SK Hynix said on Wednesday it would buy back and ​cancel 40 trillion won ($28.61 billion) worth of treasury ‌shares and allocate more...

China Seen Holding Loan Rates Steady in Aug Despite Weakness
China Seen Holding Loan Rates Steady in Aug Despite Weakness

China is widely expected to leave benchmark lending rates steady for a 15th consecutive month in August, a Reuters survey showed, ​despite recent...

Tech Selloff Weighs Down Wall Street as Bond Yields Climb
Tech Selloff Weighs Down Wall Street as Bond Yields Climb

Wall Street's main indexes closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty ​pushed bond...

Cerebras Launches Chip and System to Speed AI Chatbots
Cerebras Launches Chip and System to Speed AI Chatbots

Cerebras Systems announced on Tuesday a new version of its server hardware that includes its dinner-plate-sized chips that it says will ​speed...

Nvidia H200 Chips Reach China in Small Shipments, FT Reports
Nvidia H200 Chips Reach China in Small Shipments, FT Reports

Small batches of Nvidia's H200 chips, one ​of the company's most powerful AI ‌chips, have been allowed to enter mainland China,...

US Securities Regulator Proposes Long-Awaited Crypto Rules
US Securities Regulator Proposes Long-Awaited Crypto Rules

The U.S. Securities and Exchange Commission on Tuesday proposed a new regulatory framework for crypto assets, the first ‌major step under U.S....


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