Economic news


Dollar Hits 1-Week High on Mideast Risk, US Inflation

Dollar Hits 1-Week High on Mideast Risk, US Inflation

The dollar held near a one-week high on ​Wednesday on renewed uncertainty in the Middle East and as traders digested a hotter-than-expected U.S. inflation print and closely watched the yen. The ‌euro slipped 0.26% to $1.17095 and sterling traded 0.1% lower at $1.3524 <GBP=D3>.&nbs...


May 13, 2026
Tata Motors Warns of Iran War Costs after Profit Surge
Tata Motors Warns of Iran War Costs after Profit Surge

India's Tata Motors flagged near-term cost pressures from the Iran war, ​warning that the Middle East conflict was fuelling commodity...

Tencent Revenue and Profit Miss on Higher AI Investment
Tencent Revenue and Profit Miss on Higher AI Investment

Tencent Holdings ​reported first-quarter revenue and net profit below expectations on Wednesday as the Chinese tech giant ‌ramps up...

Airtel Profit Rises on Subscriber Upgrades, Africa Boost
Airtel Profit Rises on Subscriber Upgrades, Africa Boost

Bharti Airtel, India’s second-largest wireless carrier by subscribers, posted a quarterly profit rise on ​Wednesday, helped by users...

Indonesia Stocks Slide as MSCI Culls 6 Companies
Indonesia Stocks Slide as MSCI Culls 6 Companies

Global index provider MSCI said it will cut six companies from its Indonesia index at the end of May as it ‌pushes for reforms in a market it...

India Proposes to Loosen Borrowing Norms for Mutual Funds
India Proposes to Loosen Borrowing Norms for Mutual Funds

India's markets regulator on Wednesday proposed to allow mutual funds to use intraday borrowings ​for purposes beyond investor redemptions and...

UK Stocks Muted as Starmer Leadership Crisis Hits Sentiment
UK Stocks Muted as Starmer Leadership Crisis Hits Sentiment

May 13 (Reuters) - UK stocks were little changed ​on Wednesday, underperforming the European benchmark, as domestic political uncertainty and...

Japan's Inpex Raises Full-Year Profit Forecast, Oil Prices Climb
Japan's Inpex Raises Full-Year Profit Forecast, Oil Prices Climb

Japan's biggest oil and gas explorer Inpex on Wednesday raised its full-year net profit forecast, citing higher expected crude oil prices...

Pound Edges Lower as Starmer Pressure Keeps Markets Cautious
Pound Edges Lower as Starmer Pressure Keeps Markets Cautious

Sterling fell on Wednesday and was on track for its first weekly decline in six weeks, with market participants assessing political developments in...

Gold Falls as Hot US Inflation Data Diminish Rate Cut Bets
Gold Falls as Hot US Inflation Data Diminish Rate Cut Bets

Gold ​edged lower on Wednesday after strong U.S. inflation data dampened speculation of ‌near-term interest rate cuts, with investors also...

India Acts to Shield Economy from Oil Shock and Outflows
India Acts to Shield Economy from Oil Shock and Outflows

A sustained spike in energy prices triggered by the Iran war has clouded India's macroeconomic outlook, spurring crisis-era measures from...

Iran War Pushes German Wholesale Price Inflation to 3Y High
Iran War Pushes German Wholesale Price Inflation to 3Y High

German wholesale prices climbed to a three-year ‌high of 6.3% in April as the Iran war pushed up the prices of energy and raw...

Oil Eases on Teetering Iran Ceasefire, Trump Heads to China
Oil Eases on Teetering Iran Ceasefire, Trump Heads to China

Oil prices eased on Wednesday, snapping a three-day rally as investors awaited developments on the fragile ​Middle East ceasefire and...

S.Korea has Room for Active Fiscal Spending Thanks to AI Boom, Fitch
S.Korea has Room for Active Fiscal Spending Thanks to AI Boom, Fitch

South Korea has ​room to use fiscal policy to mitigate the economic impact of the Middle East conflict, ‌thanks to an artificial...

Japan Sells Foreign Stocks in April as Energy Costs Rise
Japan Sells Foreign Stocks in April as Energy Costs Rise

Japanese investors turned net sellers of foreign stocks for the first time in four months in April, ​as concerns over higher energy costs from the...

Asia Stocks Rise as AI Cheer Trumps Iran, Inflation Gloom
Asia Stocks Rise as AI Cheer Trumps Iran, Inflation Gloom

Asian stocks found their footing after an initial selloff on Wednesday, helped by a turnaround in ​Korean shares as revived AI optimism dwarfed...

Rupee Flat as Outflows Blunt Gold Import Duty Relief
Rupee Flat as Outflows Blunt Gold Import Duty Relief

The Indian rupee was drifting sideways on Wednesday, comforted by a hike in import duties on precious metals ​even as debt repayment and...

Mainland Chinese Snap Up HK Homes in April, most in 2 Years
Mainland Chinese Snap Up HK Homes in April, most in 2 Years

The number of Hong Kong homes bought by mainland Chinese surged 48% in April ​from the previous month to a two-year high, ‌data from property...

S&P 500, Nasdaq End Lower as Inflation, Iran Tensions Weigh
S&P 500, Nasdaq End Lower as Inflation, Iran Tensions Weigh

The S&P 500 and the Nasdaq closed lower on ​Tuesday, easing from record highs as hotter-than-expected inflation data and an increasingly...

Jack Daniel's Maker Rejects $15B Sazerac Buyout: Source
Jack Daniel's Maker Rejects $15B Sazerac Buyout: Source

Brown-Forman has rejected a $32-per-share cash takeover offer from U.S. ‌spirits maker Sazerac, according to a source familiar with the...

Vietnam's Supplies of Crude, Refined Oil amid Iran War
Vietnam's Supplies of Crude, Refined Oil amid Iran War

Vietnam has diversified its supplies of oil and refined oil products after the outbreak of the Iran war in late February. The strategy has...

Indian Gold, Silver Futures Jump on Raises Import Tariffs
Indian Gold, Silver Futures Jump on Raises Import Tariffs

Indian gold and silver futures ​jumped more than ‌7% in early trade on Wednesday after ​New Delhi raised ​import tariffs on the ⁠precious...

May 12, 2026
Thyssenkrupp Nucera Halts Hiring in High-Cost Countries as Q2 Loss Widens
Thyssenkrupp Nucera Halts Hiring in High-Cost Countries as Q2 Loss Widens

Thyssenkrupp ​Nucera has frozen hiring in high-cost countries as part of broader ‌saving measures, it said on Tuesday, after its...

Thyssenkrupp Lifts Steel Value after Jindal Talks End
Thyssenkrupp Lifts Steel Value after Jindal Talks End

Thyssenkrupp raised the valuation assigned to its ‌steel business by a quarter on Tuesday, less than two weeks after talks to sell it to...

Dollar Higher after Inflation Data, Iran Ceasefire Eyed
Dollar Higher after Inflation Data, Iran Ceasefire Eyed

The U.S. dollar advanced for a second straight ​session on Tuesday, after U.S. economic data showed inflation accelerated at a brisk pace, while...

eToro Beats Quarterly Profit Estimates on Commodities Strength
eToro Beats Quarterly Profit Estimates on Commodities Strength

May 12 (Reuters) - EToro topped Wall Street expectations for first-quarter profit on Tuesday, driven by a strong surge in commodities trading...

UK Long-Term Yields Hit 1998 High, GBP Falls on Starmer Doubt
UK Long-Term Yields Hit 1998 High, GBP Falls on Starmer Doubt

Long-term British borrowing costs surged to their highest in nearly 30 years, sterling slumped and shares fell on Tuesday as investors ​brace for a...

Australia Cuts Landlord Tax Breaks to Help Young Own Home
Australia Cuts Landlord Tax Breaks to Help Young Own Home

Australia's centre-left Labor government has rolled out the biggest changes to investment taxes ​this century to help young people break into...

Stellantis CEO: Partnerships will be Part of Future Strategy
Stellantis CEO: Partnerships will be Part of Future Strategy

Stellantis Chief Executive Antonio Filosa said on Tuesday partnerships would be a key part of the automaker's future strategy, as it...

UK Shares Fall on Political Doubt and Mideast Concerns
UK Shares Fall on Political Doubt and Mideast Concerns

UK shares slipped on Tuesday as investors were rattled by the uncertainty surrounding Prime Minister Keir ​Starmer's future, while renewed...

India April Inflation at 3.48% as Energy Risks Grow
India April Inflation at 3.48% as Energy Risks Grow

India's retail inflation rose marginally to 3.48% in April, ‌driven by dearer food prices, government data showed on Tuesday, but the...

Stocks Wilt as Oil Rises; Iran Ceasefire 'on Life Support'
Stocks Wilt as Oil Rises; Iran Ceasefire 'on Life Support'

Oil gained for a third day ​on Tuesday and the dollar rose as hopes faded for a deal to get ships moving through the Strait of ‌Hormuz,...

Private Credit Funds Cut Loan Values as Stress Rises
Private Credit Funds Cut Loan Values as Stress Rises

Private credit funds have marked down more than a tenth of ​their loans by at least 50%, new data from MSCI ‌showed, as corporate borrowers in...

Norway Raises Oil, Gas Revenue Forecast to $78 bln for 2026
Norway Raises Oil, Gas Revenue Forecast to $78 bln for 2026

Norway's government said on Tuesday it expects the state to earn 721.1 billion crowns ($78.71 billion) ​this year in revenue from oil and gas...

Rupee Hits Record Low on Oil; Central Bank Likely to Step In
Rupee Hits Record Low on Oil; Central Bank Likely to Step In

The Indian rupee hit an all-time low on Tuesday as fading hopes of a peace ‌deal between the U.S. and Iran sparked a run-up in oil prices,...

German Investor Morale Rises but 'no Fresh Start' Yet
German Investor Morale Rises but 'no Fresh Start' Yet

German investor morale unexpectedly improved in May, although it remained in negative territory overall as ​businesses continue to feel the...

Oil Up as Fading Iran Peace Hopes Spark Supply Worries
Oil Up as Fading Iran Peace Hopes Spark Supply Worries

Oil prices rose 2% on Tuesday ‌as hopes for a deal to end the U.S.-Israeli war on Iran faded, with stark differences between Tehran...

Bayer Q1 Operating Profit Jumps 9% on Soy Business Boost
Bayer Q1 Operating Profit Jumps 9% on Soy Business Boost

Bayer on Tuesday reported a 9% increase in quarterly operating profit that was ​well above market expectations, after an agreement with its...

EU Targets Social Media to Protect Children, von der Leyen
EU Targets Social Media to Protect Children, von der Leyen

The European Union is working on regulations to reign in on social media's business models ​to protect children and youth, European...

World Markets Feel the Strain as US–Iran War Grinds On
World Markets Feel the Strain as US–Iran War Grinds On

From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe...

Pound Drops; Markets Watch UK Politics, PM Starmer's Future
Pound Drops; Markets Watch UK Politics, PM Starmer's Future

Sterling slid against the dollar and the euro on Tuesday ​as markets kept a close watch on ‌political developments, amid growing concern that...

India's IT Shares near 3Y Low, OpenAI Move Revives AI Fears
India's IT Shares near 3Y Low, OpenAI Move Revives AI Fears

India's IT shares fell to a ​three-year low on Tuesday as investor jitters around the threat posed by artificial intelligence ‌to flagship...

Uniper Swings to Core Profit in First Quarter, Keeps Outlook
Uniper Swings to Core Profit in First Quarter, Keeps Outlook

German state-owned utility Uniper is ​keeping its outlook for ‌2026 after turning a core profit in the ​first quarter, it ​said on...


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