Economic news


Iran War Casts Shadow over HSBC and StanChart Middle East Ambitions

Iran War Casts Shadow over HSBC and StanChart Middle East Ambitions

Just days before the U.S. and Israel launched strikes on Iran, HSBC's CEO Georges ​Elhedery said the Asia-Middle East corridor was becoming "a defining axis of global growth". This week, HSBC closed its Qatar branches while Standard Chartered evacuated &zwnj...


March 13, 2026
Euro Zone Industry Takes Hit even before High Energy Costs Bite
Euro Zone Industry Takes Hit even before High Energy Costs Bite

Euro zone industrial production unexpectedly shrunk ​in January as most of the bloc's biggest countries recorded declines, casting doubt on the...

Gold Set for 2nd Weekly Loss on Reduced Rate Cut Bets, Higher USD, Yields
Gold Set for 2nd Weekly Loss on Reduced Rate Cut Bets, Higher USD, Yields

Gold was on track for a second straight weekly loss, even as ‌it edged higher on Friday, as surging oil prices dampened rate cut bets and...

Didi Reports Q4 Loss of $43 mln amid Overseas Expansion Push
Didi Reports Q4 Loss of $43 mln amid Overseas Expansion Push

Didi Global reported on Friday a net loss for the fourth quarter, ​as China's largest ride-hailing platform ramped up its international...

China February new Loans Drop to 900B Yuan, Miss Forecasts
China February new Loans Drop to 900B Yuan, Miss Forecasts

China's banks extended 900 billion yuan ($130 ​billion) in new yuan loans ‌in February, plunging from 4.71 trillion yuan in January and...

US Issues 30-Day Sanctions Waiver for Purchase of Russian Oil at Sea
US Issues 30-Day Sanctions Waiver for Purchase of Russian Oil at Sea

The United ​States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what...

USD on Track for 2nd Weekly Rise; EUR, JPY at Multi-Month Lows
USD on Track for 2nd Weekly Rise; EUR, JPY at Multi-Month Lows

The U.S. dollar was on course for a second consecutive weekly gain on Friday as the war in the Middle East drove investors towards safe-haven...

Oil Heads for Weekly Gains Despite US Sanctions Waiver on Russian Oil
Oil Heads for Weekly Gains Despite US Sanctions Waiver on Russian Oil

Oil prices headed for weekly gains as ​of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for...

Apple Cuts China App Store Commission Fees on Govt Pressure
Apple Cuts China App Store Commission Fees on Govt Pressure

Apple said on Thursday it would lower the commission fees collected by the company from its App Store in ​mainland China in a huge win for...

India Car Sales to Dealers Rise for 5th mth in Feb, Industry Body Says; Mideast Risks Loom
India Car Sales to Dealers Rise for 5th mth in Feb, Industry Body Says; Mideast Risks Loom

India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry ​body showed on Friday, helped...

Asian Stocks Fall as Iran War Keeps Oil at $100, Upends Rate Outlook
Asian Stocks Fall as Iran War Keeps Oil at $100, Upends Rate Outlook

Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution ​to the U.S. and Israel's...

Chinese Banks Boost Loans to Tech Sector as Beijing Ramps Up AI Push
Chinese Banks Boost Loans to Tech Sector as Beijing Ramps Up AI Push

Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing's pledge to...

March 12, 2026
Europe Shares Close Lower as Oil Surge Sparks Inflation Worries, Rate Hike Bets
Europe Shares Close Lower as Oil Surge Sparks Inflation Worries, Rate Hike Bets

European ​shares extended losses on Thursday as investors grappled with a surge in oil prices, which brought ‌concerns about inflation amid...

UK Equities Drop as Oil Surge Intensifies Inflation Concerns
UK Equities Drop as Oil Surge Intensifies Inflation Concerns

UK stocks closed lower for a ‌second straight day on Thursday after Iran stepped up attacks on oil and transport facilities across the Middle...

Rivian to Begin R2 Deliveries with $58,000 Launch Variant this Spring
Rivian to Begin R2 Deliveries with $58,000 Launch Variant this Spring

Rivian will begin delivering its more affordable R2 line of ‌SUVs this spring with a variant priced at $57,990 and roll out cheaper...

Canada's Trade Deficit Widened in Jan, Missing Consensus Estimates
Canada's Trade Deficit Widened in Jan, Missing Consensus Estimates

Canada's trade deficit in January surprisingly ​widened as exports fell more than imports, led by a meaningful drop in shipments of motor...

Fed to Cut Rates in June, Economists Still Say, Despite War Inflation Risks: Poll
Fed to Cut Rates in June, Economists Still Say, Despite War Inflation Risks: Poll

The U.S. Federal Reserve will cut interest rates for the first time this year in June, according to economists polled by Reuters who are clinging...

India Inflation Quickens in Feb, Stays within Comfort Zone
India Inflation Quickens in Feb, Stays within Comfort Zone

India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious...

Brazil's Annual Inflation Slows ahead of Key Rate Decision
Brazil's Annual Inflation Slows ahead of Key Rate Decision

Brazil's 12-month inflation slowed in February to its lowest level in almost two years, official data showed on Thursday, potentially ​paving...

Private Credit Funds Slide as Investors Sell Out
Private Credit Funds Slide as Investors Sell Out

Investment funds run by big financial firms such as KKR and Blue Owl have seen ​their stock prices slide in recent weeks as investors...

Sterling Sinks for Third Day as Oil Crisis Burnishes Dollar
Sterling Sinks for Third Day as Oil Crisis Burnishes Dollar

The pound headed for a third daily ​loss against the dollar on Thursday, as concern about a lasting rise in energy prices ‌and nervousness...

RWE in $20 bln US Expansion Push, Shares near 16-Year High
RWE in $20 bln US Expansion Push, Shares near 16-Year High

RWE will expand more aggressively in the United States, a market ‌where data centres have significantly fuelled power demand,...

Deutsche Bank Highlights Private Credit Risks as Portfolio Grows
Deutsche Bank Highlights Private Credit Risks as Portfolio Grows

Deutsche Bank said on Thursday that its private credit portfolio grew around ​6% to nearly 26 billion euros ($30.05 ‌billion) in 2025 as...

Software Companies Fight Back against Fears that AI will Kill them
Software Companies Fight Back against Fears that AI will Kill them

Oracle's Mike Sicilia is the latest software CEO to wade in to the debate on whether artificial intelligence tools that heavily automate...

Chinese Companies Race to Hedge Against Swinging Yuan with Regulatory Encouragement
Chinese Companies Race to Hedge Against Swinging Yuan with Regulatory Encouragement

Chinese companies have rushed to derivatives for protection from currency exposure as a rising yuan has hurt some exporters for months and - more...

Air New Zealand to Cut Flights, Fuel Price Surge Wreaks Havoc on Travel
Air New Zealand to Cut Flights, Fuel Price Surge Wreaks Havoc on Travel

Air New Zealand said on Thursday it ​would slash 5% of its flights, or around 1,100 services, through early May as the Iran...

Gold Falls on Firmer Dollar, Dimming US Rate Cut Hopes
Gold Falls on Firmer Dollar, Dimming US Rate Cut Hopes

Gold prices fell on Thursday, weighed down ‌by a firmer U.S. dollar and waning hopes for near-term U.S. interest rate cuts as higher energy...

Oil Climbs as Iran Steps Up Attacks on Gulf Shipping
Oil Climbs as Iran Steps Up Attacks on Gulf Shipping

Oil prices rose on Thursday as Iran stepped up attacks on oil and transport facilities across ‌the Middle East, raising fears of a...

BMW Expects 2026 Earnings Decline as Tariffs Bite
BMW Expects 2026 Earnings Decline as Tariffs Bite

BMW expects group ​pre-tax earnings to decline moderately this ‌year and deliveries to stagnate, with trade barriers weighing on its core cars...

Shares Skid as Oil Blasts Past $100 after Iran Strikes Gulf Shipping
Shares Skid as Oil Blasts Past $100 after Iran Strikes Gulf Shipping

Shares in Asia fell broadly on Thursday as oil prices ​roared 9% past $100 a barrel on reports of more ships struck in Gulf waters and...

Global Dealmaking in Oil and Gas Upstream was Muted in 2025, Enverus
Global Dealmaking in Oil and Gas Upstream was Muted in 2025, Enverus

Dealmaking in the international upstream oil and gas market remained subdued for the second straight year in 2025, totaling just $18 billion,...

JPMorgan Marks Down Value of Loan Portfolios of some Private Credit Groups, Source
JPMorgan Marks Down Value of Loan Portfolios of some Private Credit Groups, Source

JPMorgan Chase has reduced the value of some loans ‌to private credit funds after reviewing the impact of market turmoil around...

Airline Hedging Strategies Fall Short, Jet Fuel Price Surges
Airline Hedging Strategies Fall Short, Jet Fuel Price Surges

As a sharp rise in oil prices rattles global transport markets, airlines ​face an additional threat: the price of jet fuel has risen far faster...

March 11, 2026
UK Stocks Drop as Middle East War Keeps Investors Cautious
UK Stocks Drop as Middle East War Keeps Investors Cautious

The UK's main indexes closed lower on Wednesday, as oil prices continued to climb on concerns that the Middle East conflict will...

Synopsys Rolls Out new Software Tools for Designing AI Chips
Synopsys Rolls Out new Software Tools for Designing AI Chips

Synopsys on Wednesday rolled out new software tools to handle the fast-increasing complexity of designing ​artificial intelligence chips, the first...

BP, Chevron are Top Spenders at Small US Gulf of Mexico Oil and Gas Auction
BP, Chevron are Top Spenders at Small US Gulf of Mexico Oil and Gas Auction

A sale of drilling ‌rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from oil and gas companies, ​with a...

Falling Prices Steer US Buyers Toward Used Electric Vehicles
Falling Prices Steer US Buyers Toward Used Electric Vehicles

Steep depreciation and improving reliability are drawing more Americans to used electric vehicles, turning the pre-owned market into a key entry...

Italy's CDP Sues Euronext over Milan Bourse Spat, Sources
Italy's CDP Sues Euronext over Milan Bourse Spat, Sources

Italian state lender Cassa Depositi ​e Prestiti has filed a lawsuit against pan-European exchange operator Euronext in ‌an Amsterdam...

Kitchens Across India Ditch Hot Food due to Cooking Gas Shortage
Kitchens Across India Ditch Hot Food due to Cooking Gas Shortage

CHENNAI/BENGALURU, March 11 (Reuters) - In kitchens across India, hot food and drinks - even tea - are disappearing from the menu in place of ​fast...

KKR's Publicly Traded Private Credit Fund has seen Pressure, CFO
KKR's Publicly Traded Private Credit Fund has seen Pressure, CFO

KKR's publicly traded private credit fund has seen some pressure, ​but the company sees more opportunity ‌in non-traded vehicles,...

US Consumer Prices Increase Moderately before Iran Conflict
US Consumer Prices Increase Moderately before Iran Conflict

U.S. consumer prices rose moderately in February as rents maintained a steady pace of increases, though households paid more for gasoline and at...

Meta Unveils Plans for Batch of in-House AI Chips
Meta Unveils Plans for Batch of in-House AI Chips

Meta Platforms on Wednesday unveiled a roadmap of four new chips that the company is making in-house, as it rapidly expands its ​data...

Grubhub Taps Drone Startup Dexa for New Jersey Aerial Delivery Pilot
Grubhub Taps Drone Startup Dexa for New Jersey Aerial Delivery Pilot

Grubhub and drone technology company Dexa announced a three-month pilot program on Wednesday to introduce aerial ​food delivery services to...


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