Economic news


US Labor Market Remains Stable; Trade Deficit Widens in Feb

US Labor Market Remains Stable; Trade Deficit Widens in Feb

New applications for U.S. unemployment benefits unexpectedly fell last week amid low layoffs, suggesting labor market conditions remained calm in March, though economists warned that a prolonged war in the Middle East posed a downside risk. The ​month-long U.S.-Israeli war with Iran has adde...


April 2, 2026
Starbucks Expands Weekly Pay, Adds more Tips and Bonuses for US Baristas
Starbucks Expands Weekly Pay, Adds more Tips and Bonuses for US Baristas

Starbucks will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses ​and expands tips, it said on Thursday,...

US Fixed 30-Year Mortgage Rate Rises to 6.46% amid Iran War
US Fixed 30-Year Mortgage Rate Rises to 6.46% amid Iran War

The average rate on the most popular ​home-loan rate rose to its highest since early September, ‌as the Iran war pushes up oil prices and fans...

Tesla Deliveries Mark Weakest Quarter in Year, Inventory Swells
Tesla Deliveries Mark Weakest Quarter in Year, Inventory Swells

Tesla kicked off 2026 ​with its weakest quarterly deliveries in a year, missing Wall Street expectations as fading U.S. incentives and...

Ford Q1 US Auto Sales Fall, Affordability Concerns Weigh on Demand
Ford Q1 US Auto Sales Fall, Affordability Concerns Weigh on Demand

Ford Motor reported a near 9% drop in first-quarter U.S. sales ​on Thursday, as persistent affordability pressures prompt consumers to rethink...

BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy
BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy

BP named Carol Howle as deputy chief ​executive on Thursday and said she would oversee the ‌company's ongoing portfolio review and...

Canada's Feb Trade Deficit Surges to a 6-mth High on Gold Imports
Canada's Feb Trade Deficit Surges to a 6-mth High on Gold Imports

Canada's merchandise trade ​deficit came in much wider than expected in February, data showed on Thursday, as a surge in gold ‌purchases...

Gold Drops on Stronger USD, Rising Bets on Higher Interest Rates
Gold Drops on Stronger USD, Rising Bets on Higher Interest Rates

Gold prices fell on Thursday as the U.S. dollar and ‌oil prices rose after President Donald Trump said the U.S. would continue attacks on...

UK Stocks Fall as Optimism over Quick Middle East Ceasefire Fades
UK Stocks Fall as Optimism over Quick Middle East Ceasefire Fades

London's ​main indexes fell on Thursday, snapping three straight days of ‌gains, as market sentiment weakened after U.S. President Donald...

Indonesia says Stock Market Reform Drive Completed after Feb's Selloffs
Indonesia says Stock Market Reform Drive Completed after Feb's Selloffs

Indonesia has completed key stock market reforms ahead of a self-imposed ‌deadline linked to MSCI's May index review, a senior official...

GBP Slides as Trump Vows more Strikes on Iran, Driving Up USD
GBP Slides as Trump Vows more Strikes on Iran, Driving Up USD

The pound fell sharply on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran and gave little...

Malaysia Airlines Parent's Earnings Rise in 2025, Middle East Conflict Clouds Outlook
Malaysia Airlines Parent's Earnings Rise in 2025, Middle East Conflict Clouds Outlook

Malaysia Aviation Group (MAG), the ‌operator of national carrier Malaysia Airlines, said it more than doubled its annual earnings in 2025, but...

Light at Last for Hong Kong's Central Office Market after 7-yr Slump
Light at Last for Hong Kong's Central Office Market after 7-yr Slump

Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven ​years of decline, buoyed by a...

Dollar Gains as Trump Vows more Strikes on Iran
Dollar Gains as Trump Vows more Strikes on Iran

The ​dollar advanced against major currencies on Thursday, reversing two days of losses, as U.S. President Donald Trump's ‌address on Iran...

Stocks Sink, Oil Leaps above $100, Trump Vows to Keep Hitting Iran
Stocks Sink, Oil Leaps above $100, Trump Vows to Keep Hitting Iran

Markets recoiled on Thursday as war jitters over Iran deepened, with stocks sliding, oil ​surging well over $100 per barrel and the dollar firming...

Oil Jumps over 5% on Trump Says U.S. to Keep Up Attacks on Iran
Oil Jumps over 5% on Trump Says U.S. to Keep Up Attacks on Iran

Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep ​up attacks on Iran without committing to...

Wall Street Ends Higher on Speculation about End to Iran War
Wall Street Ends Higher on Speculation about End to Iran War

Wall Street ended higher on Wednesday, with strong gains in Alphabet and other heavyweights, after U.S. President Donald Trump suggested ‌an...

S.Korea Mar Inflation Undershoots Forecasts, Risks Skewed Higher
S.Korea Mar Inflation Undershoots Forecasts, Risks Skewed Higher

South Korea's ‌inflation picked up less than expected in March as the government capped fuel prices, but policymakers and economists...

India Cbank's Fresh FX Curbs Trap Banks in Trades Once Seen Low Risk
India Cbank's Fresh FX Curbs Trap Banks in Trades Once Seen Low Risk

Indian banks are set to face heightened uncertainty on Thursday ​after the central bank's curbs on corporate activity made it costlier for...

KKR Caps Redemptions at One of its Private Credit Funds
KKR Caps Redemptions at One of its Private Credit Funds

KKR's non-traded business development company, KKR FS Income Trust, limited redemptions after requests ​for withdrawals surged, according...

Australian Job Vacancies Rise 2.7% in February Quarter
Australian Job Vacancies Rise 2.7% in February Quarter

Job vacancies in Australia rebounded to their highest in ​more than a year in ‌the February quarter, data showed on Thursday, led by gains in...

April 1, 2026
US Retail Sales Strong in Feb; Rising Gasoline Prices will Hurt Spending
US Retail Sales Strong in Feb; Rising Gasoline Prices will Hurt Spending

U.S. retail sales increased by the most in seven months in February as motor vehicle purchases rebounded and temperatures warmed up, but surging...

UK Equities Surge nearly 2% as Trump says US may Exit Iran War Soon
UK Equities Surge nearly 2% as Trump says US may Exit Iran War Soon

London's main indexes closed higher on Wednesday after U.S. President Donald Trump signalled that the Iran war could end soon, prompting...

UK's Starmer Calls for Closer Europe Ties, Iran War Strains US Relations
UK's Starmer Calls for Closer Europe Ties, Iran War Strains US Relations

Prime Minister Keir Starmer said on Wednesday that the global instability caused ‌by the Iran war means Britain should pivot to focusing on...

US Manufacturing Sector Grows in March; Supplier Delivery Performance Deteriorates
US Manufacturing Sector Grows in March; Supplier Delivery Performance Deteriorates

U.S. manufacturing activity picked up in March, though a measure of prices paid by factories for inputs jumped to the highest level in nearly four...

Gold Extends Gains on Softer USD; Focus Remains on Iran War
Gold Extends Gains on Softer USD; Focus Remains on Iran War

Gold rose for a fourth straight session to nearly a two-week peak ‌on Wednesday as the U.S. dollar slipped, while traders focused on...

World Markets Rocket Higher on Optimism Iran War could End Soon
World Markets Rocket Higher on Optimism Iran War could End Soon

Stocks soared, bonds rallied and the dollar languished on Wednesday, as hopes of a de-escalation of the Iran conflict fuelled the biggest ​rebound...

USD Falls for 2nd Day, Middle East Ceasefire Expectations Rise
USD Falls for 2nd Day, Middle East Ceasefire Expectations Rise

  The dollar dropped for a second day on Wednesday as expectations of a ceasefire ​in the Middle East conflict grew after the U.S. signalled...

Factory Input Costs Soar Worldwide, Iran War Snarls Up Supply Chains
Factory Input Costs Soar Worldwide, Iran War Snarls Up Supply Chains

Factories across the world faced soaring input costs and supply chain disruptions in March due ​to the Iran war as underlying tepid...

China was Ready for Oil Shock and now Investors are Reaping Rewards
China was Ready for Oil Shock and now Investors are Reaping Rewards

China's readiness for an energy shock has helped its financial markets to turn in a world-beating month and has global investors looking to...

Euro Zone Factories see Jump in Input Costs, Supply Snags, Survey
Euro Zone Factories see Jump in Input Costs, Supply Snags, Survey

Euro zone manufacturers faced soaring input costs and supply chain disruptions in March due to the Iran war, even as ​underlying tepid demand...

Hong Kong Feb Retail Sales Jump 19.3%, seen Support from Visitor Growth
Hong Kong Feb Retail Sales Jump 19.3%, seen Support from Visitor Growth

Hong Kong's retail sales by value jumped 19.3% in ​February from a year earlier, the 10th month ‌of gains, with sales by most broad types...

UK Factories see Biggest Month-on-Month Jump in Costs since 1992, PMI
UK Factories see Biggest Month-on-Month Jump in Costs since 1992, PMI

British factory cost pressures soared in March and delivery delays - due to ships avoiding the Strait of Hormuz - were the longest since mid-2022,...

Euro Zone Economy may Already be on ECB's 'Adverse' Path, Policymaker Warns
Euro Zone Economy may Already be on ECB's 'Adverse' Path, Policymaker Warns

The euro ​zone economy may already be on the "adverse" path outlined by the European Central Bank and inflation could become entrenched...

German Manufacturing Expands in Mar Despite Iran War Supply Strains, PMI
German Manufacturing Expands in Mar Despite Iran War Supply Strains, PMI

Germany's manufacturing sector expanded in March at its fastest pace since May 2022 as output and new orders grew despite supply disruptions...

French Manufacturing Stagnates in Mar, Middle East Conflict Hits Orders -Final PMI
French Manufacturing Stagnates in Mar, Middle East Conflict Hits Orders -Final PMI

French manufacturing activity showed little sign of expansion in March, a monthly business survey showed ​on Wednesday, as the impact of the...

China's new Home Prices Rise in Mar; Big Cities see Seasonal Pickup, Private Survey
China's new Home Prices Rise in Mar; Big Cities see Seasonal Pickup, Private Survey

China's new home prices edged up in March, reversing a decline in the previous month, supported by a seasonal ​pickup in demand in major...

IndiGo Shares Jump after Indian Airline Names Veteran Willie Walsh as CEO
IndiGo Shares Jump after Indian Airline Names Veteran Willie Walsh as CEO

Shares of IndiGo gained 4.4% on Wednesday after the Indian budget airline appointed industry ​veteran Willie Walsh as its new chief...

UK Pay Body sees Potential 3.7% Rise for Minimum Wage in 2027
UK Pay Body sees Potential 3.7% Rise for Minimum Wage in 2027

Britain's minimum wage may need to rise ‌by around 3.7% next year to 13.18 pounds ($17.38) an hour to keep up with the likely rise in...

March 31, 2026
European Power Companies Plot US Expansion Despite Past Struggles
European Power Companies Plot US Expansion Despite Past Struggles

Several major European power companies ​are laying out big plans to expand in the United States, as the lure of explosive electricity demand from...

JPMorgan to Increase Small-Business Lending, Hire more Credit Officers
JPMorgan to Increase Small-Business Lending, Hire more Credit Officers

JPMorgan Chase is planning a significant increase in loans to small businesses in coming years as part of a plan ​aimed at boosting growth in...

Tether Cuts Two Gold Traders Hired Three Months Ago, Source
Tether Cuts Two Gold Traders Hired Three Months Ago, Source

Tether has let go two senior precious metals traders it hired from HSBC ​only three months ago, a source with direct knowledge of ‌the matter...

US Job Openings Fall in Feb; Hiring Lowest since Pandemic
US Job Openings Fall in Feb; Hiring Lowest since Pandemic

U.S. job openings fell more than expected in February and hiring dropped to the lowest ​level in nearly six years, government data showed ‌on...


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