Economic news


Higher Inflation Drives Jump in UK Budget Deficit in May

Higher Inflation Drives Jump in UK Budget Deficit in May

British government borrowing jumped much more sharply than expected in May as higher inflation pushed up the cost of servicing inflation-linked debt, official ​figures showed on Friday in unwelcome news for the public finances. Britain's ‌government ran a budget deficit of £23...


June 19, 2026
Stocks Dip on US-Iran Talk Delay; Yen near 40-Year Low
Stocks Dip on US-Iran Talk Delay; Yen near 40-Year Low

Global shares fell and oil prices got a boost on Friday ​after U.S. and Iranian negotiators called off peace talks, while the risk of official...

Yen nears 40-Year Low, Dollar Gains as Peace Talks in Doubt
Yen nears 40-Year Low, Dollar Gains as Peace Talks in Doubt

The dollar strengthened in Asian trade on Friday, pinning the yen near a four-decade low as a peace deal between the U.S....

Oil Rises as Uncertainty Mounts over US-Iran Truce
Oil Rises as Uncertainty Mounts over US-Iran Truce

Oil ​prices rose on Friday as the prospect of a lasting truce between the U.S. and ‌Iran was clouded after peace talks in Switzerland were...

INR Inches Lower Tracking Asian Peers, Pick-Up in Oil Prices
INR Inches Lower Tracking Asian Peers, Pick-Up in Oil Prices

The Indian rupee edged lower on Friday, after a brief rise earlier in the session, tracking ​weakness in Asian peers as the dollar firmed on a...

Inia's Nifty IT Hits 3-Year Low on Weak Accenture Outlook
Inia's Nifty IT Hits 3-Year Low on Weak Accenture Outlook

India's Nifty IT index fell to a three-year low on Friday after bellwether Accenture forecast quarterly sales ​below Wall Street...

Gold Heads for 3rd Weekly Loss on Firm Dollar, Hawkish Fed
Gold Heads for 3rd Weekly Loss on Firm Dollar, Hawkish Fed

Gold prices were on track for a third consecutive ‌weekly fall, slipping more than 1% on Friday, as a stronger dollar and hawkish signals from...

SpaceX Shares Fall as Post-IPO Frenzy Loses Steam
SpaceX Shares Fall as Post-IPO Frenzy Loses Steam

Shares of SpaceX dropped more than 6% on Thursday, as the post-IPO ​frenzy that briefly placed Elon Musk's rockets-to-AI firm among the...

June 18, 2026
Iran War Fuel Spikes Lift Europe EV Sales, Growth Fragile
Iran War Fuel Spikes Lift Europe EV Sales, Growth Fragile

Rising fuel prices driven by the Iran ​war are boosting demand for new and used electric vehicles across Europe, industry data shared...

US Signs $725M Energy Fuels Loan for Rare Earth Push
US Signs $725M Energy Fuels Loan for Rare Earth Push

The U.S. government signed a $725 million conditional ​loan commitment on Thursday with Energy Fuels to ‌boost domestic processing of...

Architect Labs Raises $24M to Challenge Custom Chip Rivals
Architect Labs Raises $24M to Challenge Custom Chip Rivals

Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that ​will use artificial intelligence to speed and...

Kroger Flags Rising Inflation as Consumers Curb Spending
Kroger Flags Rising Inflation as Consumers Curb Spending

U.S. supermarket-chain operator Kroger stuck to its ‌annual forecasts on Thursday but warned of rising inflationary pressure in the back...

UK Stocks Slip as BoE Holds Rates, Hawkish Fed Weighs
UK Stocks Slip as BoE Holds Rates, Hawkish Fed Weighs

UK's main stock indexes retreated on ‌Thursday, pressured by miners and financials, after the Bank of England held steady on interest...

Bank of England Votes 7-2 to Keep Rates at 3.75%
Bank of England Votes 7-2 to Keep Rates at 3.75%

The Bank of England kept interest rates on ​hold at 3.75% in June, as it has since the start of the U.S.-Iran war, judging it would be premature to...

Accenture Inks $4.18B Cyber Deal; Shares Fall on View
Accenture Inks $4.18B Cyber Deal; Shares Fall on View

Accenture unveiled $4.18 billion in cybersecurity acquisitions on Thursday to push deeper into the booming sector, as a ​weak sales forecast sent...

Stocks Slip as Fed Rate Outlook Offsets Iran Deal Rally
Stocks Slip as Fed Rate Outlook Offsets Iran Deal Rally

Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this ‌year after the Federal Reserve's...

Rupee Posts Longest Winning Run in a Year on Flows
Rupee Posts Longest Winning Run in a Year on Flows

The Indian rupee ended higher against the U.S. dollar for a fifth consecutive session on Thursday, logging ​its longest winning streak in a year,...

Taiwan Central Bank Hikes Growth View, Flags Inflation
Taiwan Central Bank Hikes Growth View, Flags Inflation

Taiwan's central bank ‌on Thursday raised its growth outlook for the year thanks to the AI boom, while keeping its policy interest rate...

Delayed India NSE IPO to Bring $2.6B Investor Windfall
Delayed India NSE IPO to Bring $2.6B Investor Windfall

Investors from Indian state-owned lenders to Singapore's sovereign wealth fund and Canada's national pension manager are set to ​reap a...

UK 'Strongly Minded' to Nationalise British Steel Says Govt
UK 'Strongly Minded' to Nationalise British Steel Says Govt

Britain is "strongly minded" to nationalise British ​Steel, the government said ‌in a statement on Thursday, weeks after it...

India's NSE Set to List in One of Country's Largest IPOs
India's NSE Set to List in One of Country's Largest IPOs

India's National Stock Exchange (NSE) has filed draft papers for a long-awaited listing, making it one of two mega...

China's DSC Holdings Seeks Up to $62M in Nasdaq Share Sale
China's DSC Holdings Seeks Up to $62M in Nasdaq Share Sale

DSC Holdings, a Chinese company that provides ​operating systems and transaction services for used car ‌dealers, aims to raise up to $62...

Maserati Refreshes Lineup ahead of Brand's Strategic Reset
Maserati Refreshes Lineup ahead of Brand's Strategic Reset

Maserati ​on Thursday presented revamped versions of its GranTurismo, GranCabrio and Grecale models, ‌ahead of a key capital markets day in...

China seen Holding Rates Flat amid Uneven Recovery
China seen Holding Rates Flat amid Uneven Recovery

China is expected to keep benchmark lending rates unchanged for a 13th consecutive month in June, a Reuters survey showed, as a ​K-shaped...

Pound Inches Higher after UK Jobs Figures Beat Expectations
Pound Inches Higher after UK Jobs Figures Beat Expectations

The pound rose slightly on Thursday, recovering from a sharp drop to a two-month low the day before, after British ​employment data came in...

UK Pay Growth Beats Expectations before BoE Decision
UK Pay Growth Beats Expectations before BoE Decision

British wages grew faster than expected in the three months to April and unemployment ‌fell, according to official data which paint a somewhat...

Oil Hits 3-1/2-Month Low after US-Iran Ceasefire Deal
Oil Hits 3-1/2-Month Low after US-Iran Ceasefire Deal

Oil prices ​fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that ‌would end the Iran...

Gold Climbs as Oil Drops on US-Iran Interim Peace Deal
Gold Climbs as Oil Drops on US-Iran Interim Peace Deal

Gold climbed 1% on Thursday, recouping some losses from the previous session after Federal Reserve's hawkish signals, as a drop in oil prices...

US-Iran Deal Sparks Asian Stock Highs, Drags on Oil
US-Iran Deal Sparks Asian Stock Highs, Drags on Oil

Some major Asian stock ​gauges hit record highs and oil prices fell further on Thursday after the U.S. and Iranian presidents ‌boosted...

Wall Street Sinks on Bets Fed will Hike Rates this Year
Wall Street Sinks on Bets Fed will Hike Rates this Year

The S&P 500 and Nasdaq closed down by more than 1% on Wednesday, as traders bet that the ​Federal Reserve's next move would be a rate hike...

China Resources New Energy to Raise Up to $3.6B in Shenzhen's Biggest IPO
China Resources New Energy to Raise Up to $3.6B in Shenzhen's Biggest IPO

China Resources New Energy has set the price for its Shenzhen initial public offering at 10.11 ​yuan per share to raise as much as 24.5 billion...

Dollar Holds Two-Month High on Rate Hike Bets, Yen Slides
Dollar Holds Two-Month High on Rate Hike Bets, Yen Slides

The U.S. dollar clung to ​a more than two-month high on Thursday after a hawkish hold triggered rate-hike bets despite ‌a U.S.-Iran deal,...

June 17, 2026
Allbirds Rebrands as Smartbird in AI Pivot; Shares Soar
Allbirds Rebrands as Smartbird in AI Pivot; Shares Soar

Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten ​as CEO, cementing the former...

Latin American Stocks Rise as Markets await Fed Decision
Latin American Stocks Rise as Markets await Fed Decision

Most Latin American stocks rose on Wednesday, ​rebounding from the previous session's losses, while regional currencies were mixed as investors...

BBC to Cut 550 Jobs to Save Costs, Hits News Division
BBC to Cut 550 Jobs to Save Costs, Hits News Division

Britain's BBC public service broadcaster will cut 550 jobs, including in its news ​and content divisions, it said on Wednesday, as part...

Quantum Tech Firm EigenQ to Go Public in $3 bln SPAC Deal
Quantum Tech Firm EigenQ to Go Public in $3 bln SPAC Deal

EigenQ will go public through a merger with blank-check company Silicon Valley ​Acquisition in a deal valuing the quantum tech firm at...

French 2026 GDP Growth seen at 0.7% on Oil Shock: INSEE
French 2026 GDP Growth seen at 0.7% on Oil Shock: INSEE

France's economy is set for modest growth in ‌2026 as an oil price spike squeezes consumers, only partially offset by a rebound in...

Sterling Ignores Cooler Inflation Data ahead of BoE Meet
Sterling Ignores Cooler Inflation Data ahead of BoE Meet

The pound largely shrugged off softer-than-expected British inflation data on Wednesday as traders waited for the following day's labour market...

CarMax Tops Q1 Revenue on Higher Prices, Wholesale Demand
CarMax Tops Q1 Revenue on Higher Prices, Wholesale Demand

 CarMax topped revenue estimates for the first quarter on Wednesday, helped ​by higher used-vehicle prices and stronger ‌wholesale...

China to Back IPOs by 'Future Industry', AI Model Firms
China to Back IPOs by 'Future Industry', AI Model Firms

China took fresh steps ‌on Wednesday to fund tech innovation amid an intensifying rivalry with the U.S., saying it would support listings of...

UK Inflation Sticks at 13-Month Low ahead of BoE Rate
UK Inflation Sticks at 13-Month Low ahead of BoE Rate

British inflation held at 2.8% in May, unchanged ‌from April's 13-month low and below forecasts from both economists and the Bank of...

Rupee Flat as Oil Rally Faces Dollar Demand; Fed Eyed
Rupee Flat as Oil Rally Faces Dollar Demand; Fed Eyed

The Indian rupee ended broadly unchanged against the U.S. dollar on Wednesday, coming down from a six-week high ​and giving up almost all of the...

UK Stocks Edge Lower on Inflation Fears before BoE Nod
UK Stocks Edge Lower on Inflation Fears before BoE Nod

UK stocks edged lower on Wednesday, ​with consumer staples and energy shares weighing, as ​investors assessed steady inflation ahead of the Bank of...


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