Economic news

Brent crude oil prices fell more than 1% on Wednesday to the ​lowest in nearly four months, extending losses on signs that more oil tankers are set...

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in ‌what would be...

European Union nations outside the euro have made little to no progress in convergence in recent years and even Hungary, the nation most actively...

The U.S. dollar extended gains to reach a 13-month high ​against a basket of major currencies on Wednesday, as investors sought shelter from a tech...

British discount retailer B&M named Asda [RIC:RIC:WMTAS.UL] executive Atheeq Akbar as its ​next chief financial officer on...

Swedish startup Stegra, which is building Europe's first hydrogen-fuelled ​steel plant, said on Wednesday its €1.4 billion ($1.6 billion)...

Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower...

Asian stocks struggled for direction on Wednesday while crude oil prices extended ‌declines to hover near four-month lows, as analysts...

Nike on Tuesday named Pfizer executive David Denton as CFO, replacing Matthew Friend, as the footwear ​maker struggles through a turnaround...

Samsung Electronics plans a share buyback programme worth about 90 trillion ​won ($58.61 billion) after agreeing to give stock bonuses to...

A majority of U.S. consumers now say they would prefer to buy a home rather than rent ​or move in with family, the first time since 2023 that...

Most Gulf equity markets closed lower on Tuesday as investors grew cautious amid progress in U.S.-Iran talks and mounting expectations that ​the...

Oil prices were little changed on Tuesday as investors watched crude ‌flows through the Strait of Hormuz following progress...

Chinese autonomous driving developer Momenta is planning to launch its Hong Kong initial public ‌offering as early as next Monday, said a...

FRANKFURT, June 23 (Reuters) - RWE's municipal shareholders will own ​around 12% of ‌Germany's largest power producer following a...

The Indian rupee ended modestly weaker on Tuesday as a churn in U.S. rate expectations boosted the dollar ​to a one-year peak against a basket of...

Gold ‌prices dropped nearly 2% on Tuesday, as the U.S. dollar strengthened to a one-year high on market expectations of a more hawkish Federal...

Euro ​zone inflation could stay above the European Central Bank's 2% target for some time, even ‌if peace in the Middle East holds, but...

Germany's private sector activity contracted at its fastest pace in 18 months in June as ​the services downturn deepened, a survey showed on...

Britain's vote to leave the European Union in 2016 has acted as a persistent drag on its economy, compounding some of the deep-seated...

London's FTSE indexes dropped to a more than one-week low on Tuesday, tracking weakness in global markets as prospects of interest...

Europe's benchmark STOXX 600 fell to a more than one-week low on ‌Tuesday, as expectations for imminent interest rate hikes by the Federal...

Independent energy firm NatPower and Tesla said on Tuesday they ​had reached a deal to build 25 gigawatt ​hours of battery storage in Italy...

India's Akasa Air plans to raise passenger capacity by ​30% in the current fiscal year, ‌the airline said on Tuesday, after posting a 37%...

Britain's services sector, the engine of the economy, contracted this month at the fastest rate in nearly three-and-a-half years, according to...

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that...

The U.S. dollar rose to its highest level in ​more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite...

Asian stocks and oil prices fell on Tuesday after the U.S. waived sanctions ​on Iran, while traders grappled with rising expectations the...

France's private sector contraction eased in June as declines in manufacturing and services output both slowed, a business survey showed on...

Global index provider MSCI is ​poised to decide on Tuesday on whether Indonesia retains its emerging markets status or ‌edges...

Apollo Global's $26 billion private credit fund, Apollo Debt Solutions (ADS), ‌said on Monday it was curbing redemptions at 5% of its...

Meta said on Monday it will pause an internal program that tracks ​employee mouse movements and digital activity for AI training as...

India's private sector expanded at its slowest pace in three months in June as weaker demand growth weighed ​on both factory and services...

The S&P 500 and the Nasdaq closed down on Monday, dragged by ​declines in the megacap technology stocks including Alphabet, while investors...

Canada's annual inflation rate in May accelerated more than expected to 3.2%, a 29-month high, data ‌showed on Monday, as the impact of...

Amazon Prime Day starting on Tuesday will be a litmus test of ‌U.S. shoppers' spending power, with the earlier-than-usual sales event...

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline ​prices...

EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company,...

Ireland's CRH said on Monday it would acquire U.S.-based Arcosa in an all-cash deal valued at about $8.5 billion, bolstering its...

Uber-backed Lime is seeking a valuation of up to $1.66 billion in its U.S. IPO, as ​the electric bike and scooter network operator looks to...

Cargill is aiming to complete the sale of its iron ore ​and steel trading business by late July or ‌early August, four sources with knowledge...

Argentina's government authorized up to $5 billion financing ​from international entities backed ‌by multilateral credit...