Economic news

U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on...

Merck said on Monday it expects a commercial opportunity exceeding $5 billion from Cidara Therapeutics' experimental flu drug, and...

Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online...

PayPal  and KKR have renewed their partnership that will see the investment giant purchase up to 65 billion euros ($75.4...

The Spanish economy is expected to grow 2.9% this year, at more than double the average pace in the European Union and exceeding the previous...

Siemens Healthineers is considering divesting or spinning off its diagnostics division by 2030 after restructuring the division but has not...

AXA Investment Managers halved its exposure to UK bonds in some of its portfolios on Friday following news that the government has no plans to...

UBS said on Monday it wants to continue operating from Switzerland in response to a report that UBS chair Colm Kelleher and U.S. Treasury...

London stocks edged lower on Monday, with financial sector weakness pulling the market down at the start of a week filled with crucial economic...

Oil prices dipped slightly on Monday as loadings resumed at Russia's Novorossiysk export hub after a two-day suspension at the Black Sea port...

Calm returned to British markets on Monday after the previous week's sharp swings, with the pound a touch firmer on the euro and steady on the...

Hungary will launch a package of tax cuts for small businesses worth up to 90 billion forints ($272 million), to be financed with a tax rise on...

India's merchandise trade deficit widened to a record high of $41.68 billion in October, due to an increase in gold imports and a decline in...

Gold prices held steady on Monday, as investors awaited a raft of U.S. economic data this week for clues on the Federal Reserve's interest rate...

Euro zone officials have embarked on a two-year process to replace most of the European Central Bank's executive board, including President...

India has exported its first-ever jet fuel cargo to the U.S. West Coast for energy major Chevron, according to trade sources and shipping data,...

Tourism-related Japanese stocks plunged on Monday after China warned its citizens against travel to its North Asian neighbour following a widening...

Gold prices reversed earlier gains on Friday as hawkish comments from U.S. Federal Reserve officials clouded prospects for a December rate cut,...

Hong Kong's economy expanded by 3.8% in the third quarter from the same period a year earlier, the government said on Friday, supported by a...

Abu Dhabi state oil firm ADNOC has received the EU's conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals...

The euro zone economy continued to expand at a modest but respectable pace in the third quarter while the trade surplus surged in September on...

Indian carmaker Tata Motors Passenger Vehicles cut its fiscal 2026 margin target for its Jaguar Land Rover unit, as rising costs tied to a...

China will strengthen oversight of used-car exports and strictly control the export of new cars under the guise of used vehicles, according to a...

The Indian rupee weakened on Friday and for the week as global risk-off sentiment added to pressure from unfavourably skewed hedging and investment...

World stock markets took a beating on Friday as a hawkish tone from Federal Reserve officials doused hopes for a December U.S. rate cut, while a...

Siemens Energy sees limited synergies between its struggling onshore and better-performing offshore wind units, its CEO said on Friday, reflecting...

British government bond prices fell sharply on Friday, stocks, particularly banks tumbled, and sterling hit its lowest level on the euro in over...

Indian fast-moving consumer goods firm Marico reported a quarterly profit that fell short of estimates on Friday, hurt by a surge in expenses,...

French steel tubes maker Vallourec reported a 12.3% rise in its third-quarter core profit on Friday, within its own guidance range, aided by...

China's new home prices fell at the fastest monthly pace in a year in October, official data showed on Friday, highlighting persistently weak...

21shares launched its first exchange-traded funds tracking the price of a basket of cryptocurrencies, including ethereum, solana and dogecoin, for...

Gold prices climbed to an over three-week high on Thursday, supported by expectations that U.S. economic data following the government's...

Oil prices edged up on Thursday, taking a break after major losses in the previous session, as investors weighed concerns about global oversupply...

STMicroelectronics' Chief Executive Jean-Marc Chery said he expects 2026 to start at usual levels, noting that a weaker recovery than expected...

London's FTSE 100 fell on Thursday after a three-day run of record highs, dragged by financial and energy shares, as investors assessed...

The Bank of Spain is stepping up oversight of credit standards after a sharp increase in new mortgage lending, it said on Thursday in its...

The pound rose on Thursday, as a deal in Washington to reopen the U.S. government after the longest shutdown on record drew investors to...

SAO PAULO, Nov 12 (Reuters) - Brazilian state-run lender Banco do Brasil (BBAS3.SA), opens new tab on Wednesday lowered its outlook for...

Euro zone industrial production rose far less in September than economists had predicted, though the big economies fared well and the shortfall was...

Britain's housing market lost steam last month as demand faded from buyers concerned about possible tax increases in finance minister Rachel...

MUMBAI, Nov 13 (Reuters) - The Indian rupee closed marginally lower on Thursday as outflows and dollar demand spurred by persistent hedging from...

Shares of Cisco Systems rose 7.22% in premarket trading on Thursday, after the networking equipment maker raised its annual profit...