Economic news


DeepSeek Slated to Draw $7B in Maiden Fundraising, Sources

DeepSeek Slated to Draw $7B in Maiden Fundraising, Sources

Chinese AI startup DeepSeek is set to ​raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including Tencent ‌Holdings and CAT, people with knowledge of the matter said. The fundraising could value the company after the investment at between 350 bil...


June 3, 2026
Stocks Dip on new Iran Attacks as Oil Prices Rise
Stocks Dip on new Iran Attacks as Oil Prices Rise

European stocks and U.S. futures fell slightly on Wednesday as oil prices rose for a third session as fresh ​hostilities flared in the...

Yen Falls to 160, Prompting Tokyo Intervention Warnings
Yen Falls to 160, Prompting Tokyo Intervention Warnings

Renewed strength in the dollar pushed the Japanese yen ​back to the key 160 level on Wednesday, prompting verbal warnings from authorities and...

Inditex Defies Consumer Gloom with Strong Summer Sales
Inditex Defies Consumer Gloom with Strong Summer Sales

Zara owner Inditex reported a strong start ‌to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating...

Gold Eases as Mideast Tensions Lift Oil, US Data in Focus
Gold Eases as Mideast Tensions Lift Oil, US Data in Focus

Gold prices slipped on Wednesday, as renewed hostilities ‌in the Middle East pushed crude higher and stalled U.S.-Iran talks, while investors...

Oil Extends Gains as Mideast Talks Stall, Hostilities Flare
Oil Extends Gains as Mideast Talks Stall, Hostilities Flare

Oil prices rose over 1% on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between...

Google must Let UK Publishers Opt Out of AI Search
Google must Let UK Publishers Opt Out of AI Search

Britain ​has imposed new conduct requirements on Google's search services, including allowing publishers to ‌stop their content being...

US Targets India with Labour Tariff amid Trade Talks
US Targets India with Labour Tariff amid Trade Talks

The United States has proposed an additional tariff of 12.5% on ‌imports from India, saying it is among 60 economies that failed to curb...

India Services Growth Hits 6-mth High on Strong Demand, PMI
India Services Growth Hits 6-mth High on Strong Demand, PMI

BENGALURU, June 3 (Reuters) - India's dominant services sector grew at its fastest pace in six months in May on a pick-up ​in domestic demand,...

US Eyes 10%-12.5% Tariffs on 60 States for Forced Labor
US Eyes 10%-12.5% Tariffs on 60 States for Forced Labor

The Trump administration on Tuesday proposed imposing additional duties of 10% or ​12.5% on imports from 60 economies after determining their...

Australia Approves Ampol's $789M Acquisition of EG Australia
Australia Approves Ampol's $789M Acquisition of EG Australia

Australia's competition watchdog on Wednesday approved Ampol's A$1.1 billion ($789.47 million) acquisition of EG Australia, the local...

June 2, 2026
UniCredit Meets Commerzbank Target with 34% Stake
UniCredit Meets Commerzbank Target with 34% Stake

Italian bank UniCredit has increased its direct stake in Commerzbank to 34.4%, it said on Tuesday, ​under the takeover bid it launched on...

Philip Morris Cuts Outlook as Currency Volatility Bites
Philip Morris Cuts Outlook as Currency Volatility Bites

Philip Morris International cut its annual profit forecast on Tuesday citing ​currency swings, though CEO Jacek Olczak said other risks to...

Mastercard Appoints Insider Ling Hai CFO in Reshuffle
Mastercard Appoints Insider Ling Hai CFO in Reshuffle

Mastercard named Ling Hai as chief financial officer on ​Tuesday to succeed Sachin Mehra, who will step into the newly ‌created role of...

Victoria's Secret Soars 50% on Upbeat Annual Outlook
Victoria's Secret Soars 50% on Upbeat Annual Outlook

Victoria's Secret shares jumped about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer raised...

Amazon Moves Prime Day to June, Keeps it a Four-Day Event
Amazon Moves Prime Day to June, Keeps it a Four-Day Event

Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the past five years,...

US Job Openings Jump to near Two-Year High in April
US Job Openings Jump to near Two-Year High in April

U.S. job openings increased more than expected in April, hitting the highest level in nearly two years, though hiring declined likely ​because of...

HPE Shares Soar 28% on Stellar AI Infrastructure Demand
HPE Shares Soar 28% on Stellar AI Infrastructure Demand

Hewlett Packard Enterprise shares surged 28% on Tuesday after a rosy quarter that put it on track ​to hit long-term financial...

India Tightens Silver Import Rules, Mandates prior Mapproval
India Tightens Silver Import Rules, Mandates prior Mapproval

India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted ​categories and mandating prior valid...

Estee Lauder Open to Acquisitions after Failed Puig Talks
Estee Lauder Open to Acquisitions after Failed Puig Talks

An Estee Lauder merger with Jean Paul Gaultier-owner Puig failed to go through because of the ​price tag, Stephane de La Faverie,...

Cisco Rolls Out Tools to Shield IT from AI Agents
Cisco Rolls Out Tools to Shield IT from AI Agents

Cisco Systems on Tuesday announced a new suite of software tools that businesses can use to build their own ​armies of bots known as AI...

Oil Products Shipments Exit Hormuz, LNG Tanker Loads at UAE
Oil Products Shipments Exit Hormuz, LNG Tanker Loads at UAE

Two tankers carrying oil products exited ​the Strait of Hormuz over the past week, while a liquefied natural gas carrier loaded cargo ‌in the...

European Tech Stocks Rise on STMicroelectronics Forecast
European Tech Stocks Rise on STMicroelectronics Forecast

European shares rose on Tuesday as a strong forecast from chipmaker ‌STMicroelectronics lifted technology stocks, while investors awaited a...

EUR Fails to Nab Big Market Share from Dollar Despite Erratic US Policy, Report
EUR Fails to Nab Big Market Share from Dollar Despite Erratic US Policy, Report

The global role of the euro currency hardly budged ‌last year, disappointing some hopes that erratic economic policy in the United States...

Gold Gains as Treasury Yields Ease on Mideast Tension
Gold Gains as Treasury Yields Ease on Mideast Tension

Gold prices rose on Tuesday, supported by lower ‌Treasury yields and a partial ceasefire between Hezbollah and Israel, while investors awaited...

India Slips to 7th in Global Market Cap as S. Korea Leaps
India Slips to 7th in Global Market Cap as S. Korea Leaps

India's equity markets slipped to seventh place in terms of market capitalisation on Tuesday as heavy foreign selling, weak earnings growth and...

Euro Zone Firms Struggle to Raise Prices Despite Iran War
Euro Zone Firms Struggle to Raise Prices Despite Iran War

Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis...

Rupee Slips on Weak Stocks but State Banks Cushion Drop
Rupee Slips on Weak Stocks but State Banks Cushion Drop

The Indian rupee retreated below the 95 per dollar mark on Tuesday, pressured by weakness in local ​stocks and elevated importer hedging as...

USD Steady as Traders await Progress on Middle East Peace Talks
USD Steady as Traders await Progress on Middle East Peace Talks

The U.S. dollar steadied on Tuesday in a wait-and-see approach to Middle ​East peace talks, with Lebanon announcing a limited ceasefire between the...

Asia Stocks Recover; AI optimism offsets Middle East Anxiety
Asia Stocks Recover; AI optimism offsets Middle East Anxiety

Asian stocks found their footing in ​unsteady trading on Tuesday as investors shrugged off doubts about the durability of a Middle...

Wall St Ends Higher on Tech Gains, US-Iran Peace Hopes
Wall St Ends Higher on Tech Gains, US-Iran Peace Hopes

Wall Street stocks posted ​modest gains on Monday as investors watched developments in U.S.-Iran peace negotiations and cheered the unveiling of a...

S.Korea Inflation Hits 2-yr High, Imminent Rate Hike in Play
S.Korea Inflation Hits 2-yr High, Imminent Rate Hike in Play

South Korea's consumer inflation quickened in ‌May to a more than two-year high, exceeding market expectations on high oil prices...

Blackstone Raises $13.1 Billion for Top Asia PE Fund
Blackstone Raises $13.1 Billion for Top Asia PE Fund

Alternative asset manager Blackstone said on Tuesday it has raised $13.1 billion for its Asia ​private equity fund, exceeding its initial...

Berkshire, under new CEO Greg Abel, Invests $16.8B in 2 Days
Berkshire, under new CEO Greg Abel, Invests $16.8B in 2 Days

Greg Abel appears to be putting his stamp ​on Berkshire Hathaway, which committed $16.8 billion over two days to buy homebuilder Taylor Morrison...

June 1, 2026
Stocks near Records as AI Optimism Beats Iran Tensions
Stocks near Records as AI Optimism Beats Iran Tensions

Global stocks clung to record highs on Monday as strong corporate results, fueled in part by artificial intelligence optimism, ‌outweighed...

Major Investment Pledges at Choose France Summit
Major Investment Pledges at Choose France Summit

France announced 71 foreign investment projects worth a combined €93 billion ($108.3 billion) at its annual Choose France business...

Gold Falls nearly 2% as Mideast Conflict Stirs Inflation
Gold Falls nearly 2% as Mideast Conflict Stirs Inflation

Gold prices fell nearly 2% on Monday as escalating tensions in ‌the Middle East heightened inflation concerns and reinforced expectations that...

US Manufacturing Activity Scales 4-yr High in May, ISM says
US Manufacturing Activity Scales 4-yr High in May, ISM says

U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading...

India's Apr Industrial Output Grows 4.9% in 1st Print of new Data Series
India's Apr Industrial Output Grows 4.9% in 1st Print of new Data Series

India's industrial output stood at 4.9% in April, government data showed on Monday, as surging energy costs and supply disruptions ​from...

BoE is Watching Public-Sector Pay for Inflation Risk, Governor
BoE is Watching Public-Sector Pay for Inflation Risk, Governor

LONDON, June 1 (Reuters) - The Bank of England is keeping a closer watch on public-sector pay as a potential source of inflation pressure, as it...

India's 2025/26 Fiscal Deficit at 4.4%, Meets Estimates
India's 2025/26 Fiscal Deficit at 4.4%, Meets Estimates

India's fiscal deficit stood at 4.4% of the gross domestic ​product for the year ended March ‌31, 2026, data showed on Monday, in...

FTSE Starts June Lower, but EasyJet Jumps on Buyout Bid
FTSE Starts June Lower, but EasyJet Jumps on Buyout Bid

The main UK indexes kicked off June on a sombre note on Monday, following fresh signs of economic damage from the Middle East conflict, although...

Nikkei Tops 67,000 as SoftBank Becomes Japan's Top Firm
Nikkei Tops 67,000 as SoftBank Becomes Japan's Top Firm

Japan's Nikkei share average topped 67,000 for the first time on Monday, powered by AI-related stocks, as startup investor SoftBank Group...


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