Economic news


UPS Keeps Revenue Goal; Warns Iran War Fuel Spike Hits Demand

UPS Keeps Revenue Goal; Warns Iran War Fuel Spike Hits Demand

General Motors posted on Tuesday a 22% rise in first-quarter core profit and lifted its full-year earnings forecast, buoyed by a resilient U.S. car ​market and an expected tariff refund. The largest U.S. automaker by sales comfortably beat analysts' profit estimates while navigating...


April 28, 2026
Spotify Profit View Hit as EU, North America Growth Lags
Spotify Profit View Hit as EU, North America Growth Lags

Spotify ​forecast second-quarter earnings below estimates on Tuesday, citing more spending on marketing for new ‌features as growth in...

Coca-Cola Lifts Profit View, Shrugs Off High Oil Prices
Coca-Cola Lifts Profit View, Shrugs Off High Oil Prices

Coca-Cola on Tuesday bucked the trend of consumer goods companies warning of a hit to their annual profits from the fallout of ‌the Iran war...

MSFT, OpenAI Tweak Deal so Startup Can Court Amazon, Others
MSFT, OpenAI Tweak Deal so Startup Can Court Amazon, Others

Microsoft and OpenAI renegotiated a ‌pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models,...

Novartis Misses on Earnings as Generic Rivals Hit Entresto
Novartis Misses on Earnings as Generic Rivals Hit Entresto

Novartis posted first-quarter core operating ​profit and revenues below market expectations on Tuesday, hit by a sharper-than-expected slump...

Rupee Hits 1-Month Low on Oil Strain, Importer Hedging
Rupee Hits 1-Month Low on Oil Strain, Importer Hedging

The Indian rupee weakened to a ​near one-month low on Tuesday, pressed by a stubborn rise in oil prices ‌and sustained hedging by local...

Zomato Beats Q4 Profit View on Food, Quick Commerce Growth
Zomato Beats Q4 Profit View on Food, Quick Commerce Growth

Indian online delivery firm Eternal posted better-than-expected quarterly profit on Tuesday, supported by continued expansion in its...

Inflation Surge, Weak Growth Raise Policy Dilemma for ECB
Inflation Surge, Weak Growth Raise Policy Dilemma for ECB

Euro zone inflation expectations are surging on the fallout from the Iran ​war but economic growth is faltering, separate European...

Hilton lifts Annual Revenue View on Strong Travel Demand
Hilton lifts Annual Revenue View on Strong Travel Demand

Hotel operator Hilton Worldwide Holdings ​raised its full-year room revenue ‌growth forecast on Tuesday, banking on strong travel...

BYD Profit Slides Fastest in 6 Years as China Sales Falter
BYD Profit Slides Fastest in 6 Years as China Sales Falter

Chinese electric vehicle maker BYD's quarterly profit fell at its ‌fastest pace since 2020, a stock market filing showed on Tuesday,...

FTSE 100 to Snap Six-Day Losing Streak on BP Share Boost
FTSE 100 to Snap Six-Day Losing Streak on BP Share Boost

UK's FTSE 100 edged higher ​on Tuesday, on track to end a six-day losing streak, after ‌BP's stronger-than-expected first-quarter...

GBP Dips as Cenbank Decisions, Iran War Uncertainty in Focus
GBP Dips as Cenbank Decisions, Iran War Uncertainty in Focus

Sterling eased against a stronger U.S. dollar on Tuesday as market attention focused on central bank action, including from the Bank of England,...

Ping An Q1 Profit Falls 7.4% on Investment Returns
Ping An Q1 Profit Falls 7.4% on Investment Returns

China's Ping ‌An Insurance reported a 7.4% year-on-year fall in net profit in the first quarter, dragged down by weaker investment...

BoK Minutes: Cautious on Rates amid War Uncertainty
BoK Minutes: Cautious on Rates amid War Uncertainty

South Korea's monetary policy ​board said a cautious, wait-and-see approach is ‌appropriate for now as heightened uncertainty from the...

Gold Slips to 3-wk Low as Oil Climbs, Cenbank Decisions Loom
Gold Slips to 3-wk Low as Oil Climbs, Cenbank Decisions Loom

Gold slipped to a three-week low ‌on Tuesday, following a rise in oil prices after stalled U.S.–Iran talks, as markets weighed inflation...

Oil Prices Hit $110 while Stocks Waver on Iran Impasse
Oil Prices Hit $110 while Stocks Waver on Iran Impasse

Stocks held ​their ground and oil rose on Tuesday as investors weighed the stalemate in the Iran conflict, while the yen ‌was steady...

JPY Steady, USD Edges Higher; Cenbanks Focus as BOJ Holds
JPY Steady, USD Edges Higher; Cenbanks Focus as BOJ Holds

The Japanese yen steadied on Tuesday, having firmed initially after the Bank of Japan held interest rates ​steady in a split vote, while...

Oil Prices Gain as Iran War Stand-Off Persists
Oil Prices Gain as Iran War Stand-Off Persists

Oil prices rose nearly 3% on Tuesday, extending the previous session's gains, as ‌efforts to end the U.S.-Iran war appeared to have...

Europe Shares Flat as US-Iran Talks Stall; Earnings in Focus
Europe Shares Flat as US-Iran Talks Stall; Earnings in Focus

European shares were muted on Tuesday as ​investors braced for a week packed with central bank meetings and corporate earnings, while...

Nippon Express Shares Soar on Elliott's Latest Japan Stake
Nippon Express Shares Soar on Elliott's Latest Japan Stake

Shares of Japanese logistics firm Nippon Express Holdings leapt as much ​as 15% after U.S. activist investor ‌Elliott Investment...

CATL Eyes $5B Hong Kong Raise on Green Energy Boom
CATL Eyes $5B Hong Kong Raise on Green Energy Boom

China's electric vehicle battery maker CATL raised ​HK$39.2 billion ($5 billion) on Tuesday, tapping strong investor appetite for...

S&P 500, Nasdaq Edge Up in Cautious Start to Earnings Week
S&P 500, Nasdaq Edge Up in Cautious Start to Earnings Week

The S&P 500 and the Nasdaq eked out modest gains on Monday in ​muted trading, as investors took a breath at the top of an eventful week, with...

Brazil's Public Debt Falls for the First Time in 2026
Brazil's Public Debt Falls for the First Time in 2026

Brazil's public ​debt dropped in March from ‌the previous month as net bond redemptions offset an ​increase in interest payments,...

Venezuela, US Firms to Audit Central Bank Assets Abroad
Venezuela, US Firms to Audit Central Bank Assets Abroad

Venezuela's central bank said on Monday that it and the United States have each hired firms to audit assets held ​abroad by the South American...

Critical Metals Agrees to Buy European Lithium for about $835M
Critical Metals Agrees to Buy European Lithium for about $835M

U.S.-based miner Critical Metals has signed a letter of intent to purchase ​all outstanding shares of European Lithium in an about $835...

April 27, 2026
Gulf Faces Worst Crisis since Pandemic as War Roils Oil
Gulf Faces Worst Crisis since Pandemic as War Roils Oil

Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this...

BoC to Hold Rates at 2.25% as Oil Shock seen Short-Lived
BoC to Hold Rates at 2.25% as Oil Shock seen Short-Lived

The Bank of Canada is expected to keep rates on hold at 2.25% on ‌Wednesday as the oil price shock from the Iran war is a temporary blip...

Fitch Cuts Enel Brasil on Sao Paulo Concession Loss Risk
Fitch Cuts Enel Brasil on Sao Paulo Concession Loss Risk

Fitch has downgraded the credit rating of Enel Brasil, a unit of Italian utility Enel, citing rising ​uncertainty over the renewal of the...

Dollar Dips as Traders Eye US-Iran Talks, Central Banks
Dollar Dips as Traders Eye US-Iran Talks, Central Banks

The U.S. dollar fell slightly on Monday as ​wavering hopes of a deal to end the Middle East war left investors on edge ahead of a slate...

Space Analytics Firm HawkEye Targets $2.4B Valuation in US IPO
Space Analytics Firm HawkEye Targets $2.4B Valuation in US IPO

HawkEye 360 is targeting a valuation of up to $2.42 billion in its initial ​public offering in the United States, the space analytics company said...

Oil Prices Rise as US-Iran Peace Talks Stall
Oil Prices Rise as US-Iran Peace Talks Stall

Oil prices rose on Monday as peace talks between the U.S. ‌and Iran stalled and shipments through the Strait of Hormuz remained...

Indian Automakers Set for Upbeat Quarter, Mideast Hit Looms
Indian Automakers Set for Upbeat Quarter, Mideast Hit Looms

Automakers in the world's third-largest ​car market are set to report robust quarterly earnings, while bracing for the fallout from the Iran...

Moody's sees China Resilience, Moves Outlook to 'Stable'
Moody's sees China Resilience, Moves Outlook to 'Stable'

Credit ratings agency Moody's on Monday ​revised China's outlook to "stable" from "negative", citing ‌resilient...

US Refiners' Q1 Profits seen Jumping as War Lifts Margins
US Refiners' Q1 Profits seen Jumping as War Lifts Margins

Top U.S. independent refiners are expected to report stronger first-quarter results than a year ago, helped by supply disruptions tied to...

Rupee Ends Flat as RBI Likely Blunts High Oil Price Impact
Rupee Ends Flat as RBI Likely Blunts High Oil Price Impact

The Indian rupee ended modestly stronger on Monday, as dollar sales by state-run banks cushioned the pressure ​from higher oil prices on the...

Gold Steadies as Traders Eye Cenbank, Inflation Worries
Gold Steadies as Traders Eye Cenbank, Inflation Worries

Gold prices were steady on ‌Monday, as traders stayed cautious ahead of upcoming central bank meetings, wary that persistent strength in oil...

UK Retail Sales Tumble by most in over 40 Years, CBI Survey
UK Retail Sales Tumble by most in over 40 Years, CBI Survey

British retailers reported the broadest year-on-year decline in sales in more than ​40 years as the Iran war raised households' inflation...

Europe Shares Steady; Investors Eye US-Iran Talks, Cenbanks
Europe Shares Steady; Investors Eye US-Iran Talks, Cenbanks

European shares were muted on Monday, as investors ​prepared for a week packed with central bank meetings, while oil prices rose with...

India's Paytm Trims Loss; Analysts See Low Hit from Ban
India's Paytm Trims Loss; Analysts See Low Hit from Ban

Shares of India’s One 97 Communications, commonly known as Paytm, recouped most losses on Monday afternoon, as analysts said...

Sterling Edges Up vs Dollar with Middle East, BoE in Focus
Sterling Edges Up vs Dollar with Middle East, BoE in Focus

Sterling edged up against the dollar on Monday as markets focused on geopolitics amid uncertainty over a possible U.S.-Iran deal that could reopen...

Iran War Hits Circuit Board Supply, Lifting Tech Costs
Iran War Hits Circuit Board Supply, Lifting Tech Costs

The conflict in the Middle East has disrupted supplies of crucial raw materials and ‌pushed up prices of the printed circuit boards (PCB) used...

France's EDF Invests $117M in Nuclear Reactor Parts Factory
France's EDF Invests $117M in Nuclear Reactor Parts Factory

French state-owned utility EDF will invest nearly 100 million ​euros ($117.33 million) in a new ‌factory operated by its subsidiary Arabelle...

India's Axis Bank Slips on Profit Miss, $2B Equity Fundraise
India's Axis Bank Slips on Profit Miss, $2B Equity Fundraise

Axis Bank shares fell as much as 4.8% on Monday after the Indian lender's quarterly earnings declined due to lower treasury ​income and...


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