Economic news


Visa Boosts Cybersecurity with $2.4B BioCatch Deal

Visa Boosts Cybersecurity with $2.4B BioCatch Deal

Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion ​in cash, marking the card giant's latest effort to beef up ‌its cybersecurity offerings. The deal would help the world's largest payment processor further bolster its existing cyber, fra...


August 3, 2026
Robinhood's 2nd Private Markets Fund Targets $200M US IPO
Robinhood's 2nd Private Markets Fund Targets $200M US IPO

A newly minted venture fund run by Robinhood for investing in early-stage companies is aiming to raise as much ​as $200 million in its U.S....

US Shakes FX Markets with Talk of Yen-Buying via Euros
US Shakes FX Markets with Talk of Yen-Buying via Euros

Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further ​unusual dynamic: the...

Bank Indonesia Urges More Bank Lending, Acting Chief Says
Bank Indonesia Urges More Bank Lending, Acting Chief Says

A new policy announced recently by the Indonesian central ‌bank is intended to discourage commercial banks from placing excess liquidity in...

Yen Gains 3rd Day; Euro/Dollar Awaits Key US Data
Yen Gains 3rd Day; Euro/Dollar Awaits Key US Data

The yen rose for a third straight session against the euro and the dollar on Monday, keeping traders on alert for further intervention after Tokyo...

Sterling Ends 3-Day Rise against Dollar, Falls Versus Yen
Sterling Ends 3-Day Rise against Dollar, Falls Versus Yen

Sterling broke a three-day winning streak against the dollar while dropping versus the yen as investors closely watch the U.S. rate path and...

FTSE 100 Slips as AstraZeneca Drops on Merger Talks
FTSE 100 Slips as AstraZeneca Drops on Merger Talks

The UK's FTSE 100 slipped on Monday as AstraZeneca shares fell on reports of a potential tie-up with U.S. drugmaker Bristol Myers Squibb, while...

Gold Gains as USD Declines, Hopes of Mideast Deal Hit Oil
Gold Gains as USD Declines, Hopes of Mideast Deal Hit Oil

Gold prices gained on ‌Monday as the dollar weakened and optimism over a possible U.S.-Iran agreement sent oil prices sharply lower, tempering...

Obesity Battle Heats Up as Novo Claws Back vs Lilly
Obesity Battle Heats Up as Novo Claws Back vs Lilly

Novo Nordisk investors have found little cause for optimism during a bruising two-year period of profit ​warnings, leadership upheaval and a...

FleetPartners Eyes Best Day in 6 Years on $534M Bid
FleetPartners Eyes Best Day in 6 Years on $534M Bid

Australia's FleetPartners said on ​Monday private equity firm Pacific Equity Partners ‌had proposed to buy the vehicle-leasing firm...

DeepSeek’s New AI Is Cheapest Major Model to Run: Report
DeepSeek’s New AI Is Cheapest Major Model to Run: Report

A version of Chinese startup DeepSeek's flagship AI model is by ‌far the least expensive to run on benchmark tests among well-known models...

Shein Weighs Cost Reset Ahead of Hong Kong IPO: Report
Shein Weighs Cost Reset Ahead of Hong Kong IPO: Report

Shein is considering lowering the cost of investment for some late-stage investors as the ​fast-fashion retailer pursues a Hong Kong ‌IPO at a...

Oil Slumps on Iran Deal Hopes; Yen Firms Post-Intervention
Oil Slumps on Iran Deal Hopes; Yen Firms Post-Intervention

Oil prices skidded and U.S. and European stock futures rose on Monday as hopes of a peace deal ​in the Middle East grew, while the yen firmed to a...

Bessent Ready for Yen Action, Urges Bigger Fed Backstop
Bessent Ready for Yen Action, Urges Bigger Fed Backstop

U.S. Treasury Secretary Scott Bessent ‌said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange...

Japan, US Confirm Joint Yen-Buying, Signal More Action
Japan, US Confirm Joint Yen-Buying, Signal More Action

Japan and the ​United States conducted coordinated yen-buying intervention and will not hesitate to take further action, Japan's finance...

Wall Street Ends Higher as Amazon Soothes AI Jitters
Wall Street Ends Higher as Amazon Soothes AI Jitters

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong ​quarterly report bolstered investor confidence in...

Australia Home Price Drop Speeds Up in July: Cotality Data
Australia Home Price Drop Speeds Up in July: Cotality Data

Australian home prices suffered a second month of steep falls in July as higher borrowing costs ​and unease over tax changes accelerated a downturn...

China Sets 'Red Lines' Ahead of EU and US Trade Talks
China Sets 'Red Lines' Ahead of EU and US Trade Talks

China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as...

Toyota Profit Set to Drop Again as Investors Weigh Quake
Toyota Profit Set to Drop Again as Investors Weigh Quake

Toyota is forecast to post a fifth straight ‌quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs,...

WestJet Flight Attendants Strike, Grounding Flights
WestJet Flight Attendants Strike, Grounding Flights

Flight attendants at Canada's WestJet went on strike on Sunday after ‌talks fell through with the country's second-largest carrier,...

July 31, 2026
Pound Unfazed by Budget, Eyes Best Month Since April
Pound Unfazed by Budget, Eyes Best Month Since April

The pound was set for its best monthly performance since April against the dollar and euro on Friday, showing little immediate reaction to news...

Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale
Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale

Danish brewer Carlsberg's jab at FIFA President Gianni Infantino highlighted how a growing backlash against the governing body's proposed...

USD Eases against JPY, Intervention Risks Keep Traders Wary
USD Eases against JPY, Intervention Risks Keep Traders Wary

The dollar eased against ​the Japanese yen on Friday, with traders alert for a second round of intervention after Japanese authorities stepped in...

Vatican Finances Boosted by Gold, Real Estate Gains
Vatican Finances Boosted by Gold, Real Estate Gains

The Vatican's asset management arm said on Friday its ​operating surplus fell more than 60% in 2025, but its overall wealth rose thanks...

Veon Raises Outlook, Flags Digital Investments in Ukraine
Veon Raises Outlook, Flags Digital Investments in Ukraine

Veon, the parent company of Ukraine's leading mobile operator Kyivstar, raised ​its earnings outlook on Friday, signalling confidence ‌in...

ABB India Quarterly Profit Rises on Strong Demand
ABB India Quarterly Profit Rises on Strong Demand

Engineering services firm ABB India  on Friday reported a 3% rise in ​June-quarter profit, helped by strong demand ‌from...

Japan may have Sold Up to $59 bln in Yen-Buying Intervention
Japan may have Sold Up to $59 bln in Yen-Buying Intervention

Japan may have sold as much as $58.97 billion in its latest efforts to bolster its ​currency, central bank data indicated on Friday, signalling...

UK Markets Expect £50 bln of QT in Year to Sept 2027, BoE
UK Markets Expect £50 bln of QT in Year to Sept 2027, BoE

Investors expect the Bank of England to slow the pace at which it reduces its ​bond portfolio to £50 billion ($67 billion) in the 12 months...

EU Chemical Firms Post Solid Q2, Stay Cautious on Outlook
EU Chemical Firms Post Solid Q2, Stay Cautious on Outlook

European chemical companies reporting second-quarter results this week broadly beat market expectations through cost cuts, restructuring and...

India's Maruti Suzuki Posts Quarterly Profit Fall
India's Maruti Suzuki Posts Quarterly Profit Fall

Maruti Suzuki posted a lower ​first-quarter profit on Friday as ‌India's top carmaker by sales was hurt by higher raw material...

Sun Pharma's Quarterly Profit Jumps on Specialty Medicines Strength
Sun Pharma's Quarterly Profit Jumps on Specialty Medicines Strength

India's Sun Pharmaceutical Industries reported a 27% rise in first-quarter profit on Friday, ​driven by robust growth in its high-margin...

INR Posts Strongest Week since March on Central Bank Support
INR Posts Strongest Week since March on Central Bank Support

The Indian rupee ended stronger on Friday, with persistent central bank interventions boosting the currency to its ​strongest weekly gain since...

FTSE 100 Eyes Best Month Since Feb on Earnings, Energy
FTSE 100 Eyes Best Month Since Feb on Earnings, Energy

London's FTSE 100 hit an intraday record high for the third session in a row on Friday, and was set to register weekly and monthly gains, as...

China Factory Activity Shrinks in July on Weak Demand
China Factory Activity Shrinks in July on Weak Demand

China's factory activity unexpectedly slipped into contraction in July, pressured by shrinking new ​orders that reinforced concerns over...

Kioxia Forecasts $11.78 Billion Q2 Operating Profit
Kioxia Forecasts $11.78 Billion Q2 Operating Profit

Kioxia said on Friday it ​expects to report operating ‌profit of 1.89 trillion yen ($11.78 billion) in ​the July-September quarter ​as AI...

French State Bank Sells 2.5% Orange Stake for $1.3B
French State Bank Sells 2.5% Orange Stake for $1.3B

French state investment bank Bpifrance has sold ​66.5 million shares in ‌telecoms group Orange, 2.5% of the capital, for €16.57 apiece or...

BOJ Holds Rates, Signals Hawkish Pivot as FX Props Yen
BOJ Holds Rates, Signals Hawkish Pivot as FX Props Yen

The Bank of Japan kept interest rates steady on Friday but warned for the first time that underlying inflation could exceed its target, signalling...

Gold Slips but on Track to Snap Four-Month Losing Streak
Gold Slips but on Track to Snap Four-Month Losing Streak

Gold fell on ​Friday but was on course for its first monthly gain in five months, ‌supported by bargain buying around the $4,000 level, while...

Oil Falls more than $1 on Greater Flows Despite US-Iran War
Oil Falls more than $1 on Greater Flows Despite US-Iran War

Oil prices fell on Friday but kept on track for a monthly rise of about ​a fifth, as more supplies flowed through crucial maritime chokepoints,...

UK Annual House Price Growth Slows in July, Nationwide Says
UK Annual House Price Growth Slows in July, Nationwide Says

British house prices rose for the first time ​in three months in July, mortgage lender ‌Nationwide Building Society said on Friday, but the...

Yen Remains under Pressure after BOJ Keeps Rates Unchanged
Yen Remains under Pressure after BOJ Keeps Rates Unchanged

The yen stayed under pressure on Friday after the Bank of ​Japan held rates steady, paring some of the sharp gains sparked by coordinated...

Stocks Surge, Yen Awaits BOJ Presser After Intervention
Stocks Surge, Yen Awaits BOJ Presser After Intervention

Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that a recent...

Wall Street Ends Sharply Higher, Lifted by Soaring Microsoft
Wall Street Ends Sharply Higher, Lifted by Soaring Microsoft

Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after...


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