Economic news

CBS News will lay off about 6% of its ​workforce, a source familiar with the matter told Reuters, in the latest ‌move under new...

FedEx shares surged about 7% in morning trading on Friday, after the package-delivery giant raised its full-year profit forecast and signaled...

Electric vehicle maker Xpeng said on Friday it ​aims to double overseas sales this year ‌to raise the contribution from international...

UBS has secured ‌a national banking licence in the United States, the Swiss lender said on Friday, underlining its desire to ramp up...

Ultra-low-cost carriers have some of the newest, most fuel-efficient planes in the industry, but if travel demand in the United States falters...

Super Micro shares sank 27% on Friday after U.S. prosecutors charged three people linked with the company, including its co-founder, with...

London's FTSE100 marginally fell on Friday, set for a third consecutive weekly decline, as the escalating ​Middle East war and surging oil...

Europe's STOXX 600 ​gave up opening gains to trade flat on Friday, and was set for a ‌third consecutive weekly loss, as an expanding...

The British pound fell on Friday, as oil prices resumed their upward trend, ​but stayed on course for a weekly rise after the Bank of England...

Chinese electric vehicle maker Xpeng reported its maiden quarterly profit, riding on strong sales of higher-margin models and lucrative...

U.S. airline chiefs are talking about the U.S.-Israeli war on Iran in a way that many of their counterparts overseas are not —...

While all Wall Street banks are winners under a U.S. proposal to reduce the amount of capital they must hold, institutions with big...

Talks to sell Thyssenkrupp's steel division to India's Jindal Steel ‌International are not making progress and the long-awaited...

Britain's government borrowed ‌a lot more than expected in February, in part due to the erratic timing of debt interest payments, before...

BEIJING, March 20 (Reuters) - China's trade with North Korea rose 22% year-on-year during the first two months of the year, customs data showed...

Taiwan's export orders rose less than expected in February, with demand for its AI ​and technology products losing momentum in the month...

Gold prices edged up on Friday on technical buying, ‌but were headed for a third consecutive weekly decline, pressured by a firm U.S. dollar...

The dollar headed towards a weekly loss on Friday while bonds remained under pressure, after global central bankers warned that the Middle...

Oil prices fell on ​Friday as leading European nations and Japan offered to join efforts to secure safe passage ‌for ships through the Strait...

Gold discounts ‌in India eased this week from near decade-high levels hit last week, helped by festive buying and a sharp correction in...

The ​Indian rupee fell past the 93 per dollar level for the first time on Friday, ‌on heightened worries over the hit from the Iran war-led...

Wall Street ended lower on Thursday, with declines ​in Micron Technology and Tesla, as worries about inflation stemming from soaring oil prices...

The dollar slipped from multi-month highs this week as soaring energy prices upended the outlook for global interest rates, with the U.S. Federal...

The Indian rupee is set to weaken toward a lifetime low on Friday, pressured by persistently high oil prices, although a ​pullback from recent...

Uber will invest up to $1.25 billion in electric vehicle maker ‌Rivian as part of a deal in which the ride-hailing firm will start...

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to stable labor market conditions...

The average rate on the popular U.S. 30-year fixed-rate mortgage ​surged to a three-month high ‌this week as war in the Middle East stoked...

U.S. miner Freeport-McMoRan has begun the ​process of obtaining an environmental permit for a $7.5 billion ‌expansion of its El Abra copper...

Sales of new U.S. single-family homes fell more than expected in January, hitting their lowest level in nearly 3-1/2 years, likely weighed down by...

Growth in world trade in goods will slow down markedly to 1.9% this ‌year from 4.6% in 2025 and could decelerate even more if the Middle East...

3M will spin off its Scott Safety business and team up with Bain Capital to buy ​Madison Fire & Rescue for $1.95 billion, combining the...

The owner of most IKEA outlets worldwide said on Thursday it would cut some of its office-based workforce, with 800 roles likely affected, in an...

Italian energy group Eni said on Thursday it was raising the top end of its ​distribution range for the next five years and would pay an...

Investors doubled down on ​their bets on central bank rate hikes in Europe on Thursday, betting that surging energy prices would leave...

Lanxess said it was raising chemical prices to counter the effects of the Middle East conflict, after the ​speciality chemicals maker...

The abrupt resignation of HDFC Bank's non-executive chairman, ​who cited differences over values and ethics, ‌has...

The Swiss National Bank kept its policy rate on hold on Thursday in the face of ​uncertainty over the Iran war, and signalled its increased...

Sterling was steady on Thursday as markets focused on the Bank of England's interest rate decision later in the day, with investors looking...

European shares slid to a near two-week low on Thursday, as the escalating ​conflict in the Middle East drained appetite for risk ahead of the...

The Swiss National Bank made the following statement after its policy review on Thursday: The Swiss National Bank is leaving the SNB policy...

Taiwan's central bank on Thursday raised its growth outlook substantially for ‌the year thanks to booming tech exports, but it also raised...

British wages rose at their slowest pace ​since late 2020 in the three months to January, according to official data which also suggested a...