Economic news


China's Huawei Reveals Chip Breakthrough amid US Sanctions

China's Huawei Reveals Chip Breakthrough amid US Sanctions

Huawei Technologies said on Monday it will make industry-leading semiconductors using ​a new technology in five years, underscoring Beijing's efforts to neutralise U.S. sanctions that have made it hard for China to build cutting-edge chips. Huawei, in a semiconductor symposium in Shangha...


May 25, 2026
Eni, Partners Approve next Stage for Ivory Coast Project
Eni, Partners Approve next Stage for Ivory Coast Project

MILAN/ABIDJAN, May 25 (Reuters) - Italy's Eni said ​on Monday it and partners Petroci and Vitol ‌have given approval for...

Sri Lanka in Talks to Buy Fuel from China, Russia: Minister
Sri Lanka in Talks to Buy Fuel from China, Russia: Minister

Sri Lanka ​is in talks to buy Russian crude and refined fuels from Russia ‌and China, the energy minister said on Monday, as the...

US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs

President Donald Trump's resolve on Iran is being tested by a force largely beyond his control: the bond market. As yields rose rapidly...

Oil Slump, RBI Support Lift Rupee for Third Straight Day
Oil Slump, RBI Support Lift Rupee for Third Straight Day

The Indian rupee strengthened for the third consecutive session on Monday, its longest winning streak in a month, powered by ​market interventions...

Gold Climbs as Mideast Peace Hopes Push Oil and Dollar Lower
Gold Climbs as Mideast Peace Hopes Push Oil and Dollar Lower

Gold rose ​more than 1% on Monday as hopes of a peace deal to end ‌the Iran war sent the dollar and oil prices lower, easing fears...

Chinese Coking Coal Jumps as Fatal Mine Accident Cuts Supply
Chinese Coking Coal Jumps as Fatal Mine Accident Cuts Supply

Chinese coking coal prices soared on Monday to their highest in nearly two weeks, ​as a wave of stringent safety checks at coal mines following a...

Stocks Rally, Oil and USD Ease on Mideast Peace Hopes
Stocks Rally, Oil and USD Ease on Mideast Peace Hopes

Stocks surged on Monday, while the U.S. dollar and oil prices slid as the ​prospect of a deal to end the Iran war buoyed risk appetite,...

Dollar Drifts Lower as Oil Falls on Hormuz Deal Optimism
Dollar Drifts Lower as Oil Falls on Hormuz Deal Optimism

The dollar fell against major currencies on Monday as hopes of a deal to ​reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even...

Delivery Hero Stock Hits 18M High as Uber Eyes Takeover
Delivery Hero Stock Hits 18M High as Uber Eyes Takeover

Uber is weighing a raised takeover bid for rival Delivery Hero after its initial €33-per-share offer on Saturday was rebuffed,...

India Turns to Latin American, African Oil after Hormuz Disruption
India Turns to Latin American, African Oil after Hormuz Disruption

Indian refiners turned to imports from Latin America and Africa after supplies from the Middle ‌East were disrupted as the Israeli-U.S. war on...

Oil Slips $5 as US, Iran Seen Moving Closer to Peace Deal
Oil Slips $5 as US, Iran Seen Moving Closer to Peace Deal

Oil prices fell more than $5 to two-week lows on Monday, ​as optimism grew that the United States and Iran were moving closer to a ‌peace...

Indian Finance Minister Calls for Focus on '3Fs' – Fuel, Fertiliser, Forex
Indian Finance Minister Calls for Focus on '3Fs' – Fuel, Fertiliser, Forex

Indian Finance Minister Nirmala Sitharaman urged the country on Monday to focus ​on fuel, fertiliser and foreign exchange and underlined...

SpaceX's Starship Flight Hits most Targets in Pre-IPO Test
SpaceX's Starship Flight Hits most Targets in Pre-IPO Test

SpaceX completed a largely successful test flight of its next-generation Starship rocket on Friday, deploying a clutch of mock satellites and...

Delivery Hero Confirms Takeover Offer from Uber
Delivery Hero Confirms Takeover Offer from Uber

German food delivery service Delivery Hero ​confirmed it had received a ‌takeover offer from rival Uber valuing the company at 33...

Ferrari's Luce Leads Bold Leap into Uncertain Electric Era
Ferrari's Luce Leads Bold Leap into Uncertain Electric Era

As its sports car rivals tap the brakes on a shift ​to EVs, Ferrari will take a leap into an uncertain era on Monday with the launch of its...

DeepSeek Permanently Cuts Flagship V4-Pro AI Price by 75%
DeepSeek Permanently Cuts Flagship V4-Pro AI Price by 75%

Chinese artificial intelligence startup DeepSeek will ​make permanent a 75% price cut on ‌its flagship V4‑Pro artificial intelligence model,...

Jardine Matheson Buys I-MED for $2.4B in Healthcare Push
Jardine Matheson Buys I-MED for $2.4B in Healthcare Push

Jardine Matheson said on Monday it ‌has agreed to buy Australian medical imaging provider I-MED Radiology Network for a total enterprise...

Wall St Rises, Dow Hits Record High on Mideast Peace Hopes
Wall St Rises, Dow Hits Record High on Mideast Peace Hopes

U.S. ‌stocks rose on Friday, with the Dow reaching a record closing high, as investors cheered signs of progress in talks to end the Middle...

Nvidia says its Forecast for $200B CPU Market includes China
Nvidia says its Forecast for $200B CPU Market includes China

Nvidia CEO Jensen Huang said ​on Saturday that his forecast of a $200 billion market for CPUs includes China, signalling Nvidia still sees...

US-Iran Deal Optimism Offers Indian Rupee, Bonds a Breather
US-Iran Deal Optimism Offers Indian Rupee, Bonds a Breather

The Indian rupee and government bonds are likely to kick off the week on firmer footing as expectations rise that a breakthrough might be imminent...

May 22, 2026
Europe Shares End at more than One-Month High on Tech Boost
Europe Shares End at more than One-Month High on Tech Boost

European shares finished at their highest in ‌over a month on Friday, led by technology stocks as risk sentiment got a lift on expectations...

UK's FTSE 100 Snaps 4-wk Losing Streak; Rate Hike Fears Ease
UK's FTSE 100 Snaps 4-wk Losing Streak; Rate Hike Fears Ease

UK's blue-chip FTSE 100 index ended a four-week losing streak after data released this week weakened expectations of a Bank of England rate...

China to Crack Down on 'Illegal' Cross-Border Securities
China to Crack Down on 'Illegal' Cross-Border Securities

China announced a major crackdown on cross-border investment on Friday and said it would punish ​brokers it accused of illegally moving money to...

Eicher Motors Beats Quarterly Profit Estimates on Strong Sales
Eicher Motors Beats Quarterly Profit Estimates on Strong Sales

Indian automaker Eicher Motors beat quarterly profit ​estimates on Friday, as last year's tax ‌cuts boosted demand for its...

IT, Financials Boost Indian Shares to Weekly Gains
IT, Financials Boost Indian Shares to Weekly Gains

Indian equities posted weekly gains on Friday, led by IT and financial shares, as signs of progress in talks between ​the U.S. and Iran to end the...

Indonesia Coal Export Shake-Up Rattles Miners, Traders
Indonesia Coal Export Shake-Up Rattles Miners, Traders

Indonesia's plan to route coal exports through a state firm has rattled traders and miners in the world's largest exporter over its...

Korea Post Eyes AI Data Centers, Real Estate for Returns
Korea Post Eyes AI Data Centers, Real Estate for Returns

Korea Post is seeking to invest funds it manages in ‌AI data centres and multi-family houses in Europe and North America, as its postal...

Gold Set for Weekly Loss as Oil Inflation Lifts Rate Bets
Gold Set for Weekly Loss as Oil Inflation Lifts Rate Bets

Gold edged lower on Friday and was headed for a second consecutive weekly drop, as elevated oil prices fuelled fears of inflation and boosted...

India's Jobs Strain as Iran War Hits Trade, Remittances
India's Jobs Strain as Iran War Hits Trade, Remittances

The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country's...

JPMorgan Sees Imminent Turkey Rate Hike to 40%
JPMorgan Sees Imminent Turkey Rate Hike to 40%

Investment bank JPMorgan said on ​Friday that Turkey's central ‌bank was likely to hike its key ​interest rate to ​40% and could even ⁠do...

Pound Drops as UK Consumers Cut Spending, Finances Worsen
Pound Drops as UK Consumers Cut Spending, Finances Worsen

The pound ​edged lower on Friday as uncertainty over the status of peace talks between the U.S. and ‌Iran prompted investors to buy the dollar...

Stocks Climb, USD near 6-wk High amid Iran Talks Uncertainty
Stocks Climb, USD near 6-wk High amid Iran Talks Uncertainty

Global stocks rose, the U.S. dollar hovered around its highest levels in over six weeks and oil prices edged up, as a ​great deal of uncertainty...

Indonesia's Q1 Current Account Deficit at 1.09% of GDP
Indonesia's Q1 Current Account Deficit at 1.09% of GDP

Indonesia booked a current account ‌deficit of $4 billion in the first quarter of 2026, equal to 1.09% of gross domestic ​product, Bank...

Europe's AI Stocks Shine Through Gloom of Iran war
Europe's AI Stocks Shine Through Gloom of Iran war

A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets ​as the energy shock...

Wall St Ends Slightly Higher on Mideast Peace Hopes
Wall St Ends Slightly Higher on Mideast Peace Hopes

Wall Street's three main indexes closed slightly higher after Thursday's choppy session as oil prices lost ground, with some officials...

China's PCG Power Plans HK IPO Filing as Early as August
China's PCG Power Plans HK IPO Filing as Early as August

HONG KONG/SINGAPORE, May 22 (Reuters) - Chinese clean energy firm PCG Power is planning an ​initial public offering in Hong Kong and could...

China doesn't Make Tech Firms Reject Foreign Funds: NDRC
China doesn't Make Tech Firms Reject Foreign Funds: NDRC

China's powerful state planner ​said on Friday the government has never required ‌Chinese technology companies to reject foreign...

Japan Core Inflation Hits 4Y Low, Energy Shock Rebound Eyed
Japan Core Inflation Hits 4Y Low, Energy Shock Rebound Eyed

Japan's annual core inflation slowed to a four-year low ​in April due to the effect of subsidies on fuel and education, data showed on Friday,...

May 21, 2026
Gold Falls as High Oil Boosts Rate Bets; USD, Yields Rise
Gold Falls as High Oil Boosts Rate Bets; USD, Yields Rise

Gold prices fell 1% on Thursday as climbing oil ‌prices heightened inflation worries, boosting bets for U.S. rate hikes and lifting Treasury...

France Faces Rising Fiscal Risks, IMF Warns
France Faces Rising Fiscal Risks, IMF Warns

France ​faces mounting public finance risks as budget-tightening lags and ‌debt remains high, the International Monetary Fund said on...

Kontoor Sells Lee Denim to Authentic Brands in $1B Deal
Kontoor Sells Lee Denim to Authentic Brands in $1B Deal

Kontoor Brands said on Thursday it had agreed to sell its Lee denim ​brand for up to $1 billion to Authentic Brands Group, ‌as the...

Walmart Holds Targets as Fuel Shock Hits American Spending
Walmart Holds Targets as Fuel Shock Hits American Spending

Walmart stuck to its conservative annual sales and profit targets on Thursday, as ​rising fuel costs drive value‑seeking shoppers to its...


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