Economic news

Hundreds of Starbucks' baristas walked off the job in 34 U.S. cities on Thursday, escalating a month-long strike as their union...

The U.S. trade deficit unexpectedly narrowed in September, touching the lowest level in more than five years, as exports accelerated and imports...

Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on...

The number of Americans filing new applications for unemployment benefits surged last week, but that likely reflected difficulties adjusting the...

Chinese leaders promised on Thursday to maintain a "proactive" fiscal policy next year that would stimulate both consumption and...

World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar...

The European Commission on Thursday said it had approved 623 million euros ($729.16 million) in German government aid to support the creation of...

The European Central Bank proposed a simplification of bank regulation on Thursday, looking to prune a complex rulebook put in place after the...

Germany's economy has stabilised but remains stuck in a phase of meagre growth, with a planned fiscal expansion from next year set to provide...

Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut, while...

SAP falls after U.S. peer Oracle's forecast Schneider Electric up after share buyback, profit boost plans Naturgy slips after BlackRock cuts...

Oil prices eased on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of a...

New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing...

Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology...

Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank...

The dollar found some support on Thursday from a broad risk-off mood in markets, but failed to recoup most of its losses after the Federal Reserve...

Hong Kong's de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the...

Analysts ramped up long bets on most Asian currencies on stronger growth prospects and weakness in the greenback, a Reuters poll showed on...

Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on...

South Korea plans to relax rules on the separation of banking and commerce in a bid to spur investment, Finance Minister Koo Yun-cheol said on...

The Bank of Japan will proceed with a 25-basis-point interest rate hike to 0.75% at its December meeting and raise borrowing costs to at least 1%...

Pfizer will cut over 200 jobs in Switzerland as part of its multi-year cost reduction program, Bloomberg News reported on Wednesday, citing...

European shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the U.S. Federal Reserve's interest rate decision,...

Britain's blue-chip FTSE 100 edged up on Wednesday, supported by gains in banking stocks as investors awaited the U.S. Federal Reserve's...

Gold prices edged lower on Wednesday as investors booked profits ahead of the U.S. Federal Reserve's interest rate decision and Chair Jerome...

The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on...

File hosting service provider Dropbox said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role...

The Bank of Canada held its key policy rate steady at 2.25% on Wednesday as widely expected, and Governor Tiff Macklem said the economy was proving...

The Russian rouble weakened against the U.S. dollar and China's yuan for the third consecutive session this week on Wednesday, after hitting...

Germany's 10-year borrowing costs hit fresh multi-month highs on Wednesday as traders price out any chance of further European Central Bank...

Amazon plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence capabilities and...

The U.S. dollar weakened on Wednesday, erasing two days of gains, as investors trimmed positions in anticipation of an expected third consecutive...

U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the...

Indonesia will impose duties on exports of gold products from December 23, a regulation on the finance ministry's website showed on Wednesday,...

China's annual consumer inflation accelerated to a 21-month peak in November, mainly driven by food prices, while factory-gate deflation...

Norway's $2 trillion wealth fund is being cautious about investing in data centres given sector volatility, its new head of real estate...

Sterling edged up against the dollar and was roughly unchanged versus the euro as investors braced for the Federal Reserve policy meeting outcome...

Global stocks dipped on Wednesday as crunch time neared for a divided Federal Reserve policy board and earnings results that could test...

Oil prices held steady on Wednesday after falling about 1% in the previous session, as investors watched for progress in Russia-Ukraine peace talks...

A board member of South Korea's central bank said on Wednesday foreign exchange authorities need to take action to curb the won's decline...

The S&P 500 ended Tuesday's session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if it...

The Asian Development Bank has approved a $400 million policy-based loan to support the Philippines' efforts to make it easier for investors to...