Economic news


US Stocks Close Down as Oil Spikes 12%, Job Market Weakens

US Stocks Close Down as Oil Spikes 12%, Job Market Weakens

Wall Street's three main indexes closed down ​on Friday amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil ‌prices due to the escalating conflict in the Middle East. A disappointing payrolls report intensified worries that the U.S. economy...


March 9, 2026
UK Gilts and Sterling Hammered as Oil Prices Soar
UK Gilts and Sterling Hammered as Oil Prices Soar

British government bonds ​tumbled on Monday as a 25% jump in oil prices driven by the war in the Middle East fuelled ‌fears of...

Mideast War Spoils HK Trading Debuts, Putting IPO Momentum at Risk
Mideast War Spoils HK Trading Debuts, Putting IPO Momentum at Risk

War in the Middle East weighed on the market debuts of three Chinese company listings in Hong Kong on Monday, clouding the outlook for ‌share...

Small Investors become Dip Buyers, Energy Shock Sinks Stocks
Small Investors become Dip Buyers, Energy Shock Sinks Stocks

Retail traders in Asia are loading up on borrowed money to fund purchases in their brokerage accounts, traders and dealers said, as they chase...

Gold Galls on Inflation Concerns and Stronger Dollar; Mideast Tensions Dim Rate Cut Bets
Gold Galls on Inflation Concerns and Stronger Dollar; Mideast Tensions Dim Rate Cut Bets

Gold fell on Monday as the U.S.-Israeli war on Iran fuelled ‌inflation concerns, which dimmed near-term U.S. interest rate cut prospects and...

Norway Government Trims 2026 non-Oil GDP Forecast
Norway Government Trims 2026 non-Oil GDP Forecast

Norway's Labour Party government said on Monday ​it had cut its economic growth projections ‌for 2026, as it began work on making a fiscal...

Euro Zone Bonds Slide as Middle East War Drives Up Oil Prices, Stokes Market Jitters
Euro Zone Bonds Slide as Middle East War Drives Up Oil Prices, Stokes Market Jitters

Euro zone government bonds fell sharply on Monday, extending last week's selloff and ​driving yields higher as fears of a prolonged fallout...

Euro Zone Investor Morale Falls in Mar, Iran War Casts Doubt on EU Recovery
Euro Zone Investor Morale Falls in Mar, Iran War Casts Doubt on EU Recovery

The Sentix index measuring investor morale in the euro zone fell in March, ​a survey showed on Monday, citing ‌the initial impact of the...

Pound Slumps, Oil's Surge to $120 on Iran War Rocks Markets
Pound Slumps, Oil's Surge to $120 on Iran War Rocks Markets

The pound tumbled on Monday as investors rushed to the safety of the U.S. dollar and ditched the currencies of countries most exposed to rising...

Japan Considering Steps to Cushion Economy from Iran Conflict, PM Takaichi
Japan Considering Steps to Cushion Economy from Iran Conflict, PM Takaichi

Japan will consider steps ‌to cushion the economic blow from rising fuel costs caused by the conflict in the Middle East including curbing...

India's GAIL Seeks LNG Cargo for March Delivery, Industry Sources
India's GAIL Seeks LNG Cargo for March Delivery, Industry Sources

SINGAPORE, March 9 (Reuters) - India's largest gas distributor, GAIL, has issued a ​tender seeking a cargo of liquefied ‌natural gas...

Apollo to Close Acquisition of Atletico Madrid Stake this Week, Expansion
Apollo to Close Acquisition of Atletico Madrid Stake this Week, Expansion

U.S. fund Apollo's ‌sports investment arm Apollo Sports Capital will complete the ​acquisition of 55% ​of Spanish football club...

Agilent to Acquire Biocare Medical in $950M all-Cash Deal
Agilent to Acquire Biocare Medical in $950M all-Cash Deal

Life sciences firm Agilent Technologies said ​on Monday that it will ‌acquire privately held clinical pathology firm Biocare Medical in...

Oil Pares Gains, Still on Track for Record Surge as Iran War Escalates
Oil Pares Gains, Still on Track for Record Surge as Iran War Escalates

Oil prices came off earlier highs on Monday but were still up more than 15% at levels not seen since ​mid-2022 as some major producers cut supplies...

India's Finished Steel Exports Jump 36.6% in April-February
India's Finished Steel Exports Jump 36.6% in April-February

India's finished steel ​exports climbed 36.6% year-on-year ‌to 6.02 million metric tons in the first 11 ​months of the ​financial year,...

Shares Skid as Oil Surge Threatens Inflation Shock
Shares Skid as Oil Surge Threatens Inflation Shock

Share markets nosedived in Asia on Monday as the inflationary jolt from surging oil prices threatened to ​raise living costs and interest...

Airline Shares Battered as Oil Prices Spike, Iran War Intensifies
Airline Shares Battered as Oil Prices Spike, Iran War Intensifies

Surging oil prices and the escalating U.S.-Israeli war with Iran hammered airline stocks in Asia on Monday, piling ​pressure on carriers...

Japan Real Wages Grow for 1st Time in 13 mths, Boosting BOJ Hike Case
Japan Real Wages Grow for 1st Time in 13 mths, Boosting BOJ Hike Case

Japan's real wages climbed in January for the first time in 13 months as inflation cooled, with base salaries growing at their fastest pace in...

INR, Bonds seen under Pressure as Middle East War Escalates
INR, Bonds seen under Pressure as Middle East War Escalates

The Indian rupee and government bonds are likely to remain under pressure this week, as the deepening Middle East conflict and a nearly 25% spike...

US, Japan may Partner with Japan Display for new US Plant under Investment Package, Sources
US, Japan may Partner with Japan Display for new US Plant under Investment Package, Sources

Tokyo and Washington are looking at building a display factory in the U.S. in partnership with Japan Display as ​part of Japan's planned...

March 6, 2026
Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five
Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five

Gold rose ​on Friday after softer U.S. payrolls data kept hopes of a Federal Reserve rate ‌cut alive, but remained on track for its first...

Robinhood's $658M Private Markets Fund for Retail Investors Goes Public
Robinhood's $658M Private Markets Fund for Retail Investors Goes Public

Robinhood debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday, offering retail investors a rare chance...

BP Seeks at Least $3.7B from Venture Global Arbitration, Filing
BP Seeks at Least $3.7B from Venture Global Arbitration, Filing

BP is seeking ‌at least $3.7 billion from its arbitration win against Venture Global in a case concerning liquefied natural gas...

United Airlines sees Hit to Results on Fuel Cost Spike from Iran Conflict
United Airlines sees Hit to Results on Fuel Cost Spike from Iran Conflict

United Airlines CEO Scott Kirby said on Friday he expects a "meaningful" hit to the carrier's first-quarter results from surging...

US Business Inventories Nudge Up in December
US Business Inventories Nudge Up in December

U.S. business inventories edged up in December amid a rebound in ​stocks at retailers, government data showed on ‌Friday. Inventories...

US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%
US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%

The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor...

UK House Prices Rise but Inflation Fears cloud Outlook
UK House Prices Rise but Inflation Fears cloud Outlook

British house prices rose ​in February at the fastest pace since October, data showed on Friday, but lenders raised their mortgage rates ‌over...

FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh
FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh

The UK's main indexes were on track for their biggest weekly decline in almost a year on Friday, as the escalating war in the Middle East...

GBP Pulls Back, Iran War sees Investors Flock to Safe Havens
GBP Pulls Back, Iran War sees Investors Flock to Safe Havens

The British pound slipped for a second straight session on Friday as the widening Iran conflict dominated market sentiment and pushed investors...

Lufthansa Posts Profit Beat, Middle East Conflict clouds Outlook
Lufthansa Posts Profit Beat, Middle East Conflict clouds Outlook

Lufthansa reported better-than-expected 2025 results ‌on Friday as stricter financial management and fleet renewal helped the airline...

Asia Struggles to Find Fuel Oil as Middle East Exports Plummet, Sources
Asia Struggles to Find Fuel Oil as Middle East Exports Plummet, Sources

Fuel oil traders in Asia are struggling to secure alternative ​supply as the Iran war curtails shipments from key Middle Eastern...

Stocks Set for Tough Week, Oil Eyes Strong Gains as Middle East War Rages
Stocks Set for Tough Week, Oil Eyes Strong Gains as Middle East War Rages

A slight pullback in oil prices on Friday offered some reprieve to battered global stocks, though share markets in Asia remained ​on track for...

US Weighs Oil Futures Market Action to Combat Price Spikes, White House Official
US Weighs Oil Futures Market Action to Combat Price Spikes, White House Official

The U.S. Treasury Department is expected to announce measures ​as soon as Thursday aimed at combating rising energy prices in the wake of...

China Approves Pfizer GLP-1 Drug for Weight Loss
China Approves Pfizer GLP-1 Drug for Weight Loss

China has approved Pfizer's GLP-1 treatment ​Xianweiying for long-term weight management in overweight or ‌obese adults, the U.S....

Oil Falls but Set for Steepest Weekly Gain since 2022
Oil Falls but Set for Steepest Weekly Gain since 2022

Oil prices fell ​on Friday for the first time in six days as the U.S. government is weighing potentially ‌intervening in the futures market to...

US Mulls new Rules for AI Chip Exports, Including Requiring US Investments by Foreign Firms
US Mulls new Rules for AI Chip Exports, Including Requiring US Investments by Foreign Firms

U.S. officials are debating a ​new regulatory framework for exporting artificial intelligence chips and are considering requiring foreign nations...

Pentagon Designates Anthropic Supply Chain Risk
Pentagon Designates Anthropic Supply Chain Risk

'Supply-chain risk' label effective immediately Bars government contractors using Anthropic tech in US military work Anthropic to...

China in Talks with Iran to allow Safe Oil and Gas Passage Through Hormuz, Sources
China in Talks with Iran to allow Safe Oil and Gas Passage Through Hormuz, Sources

China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz ​as the...

China, India Lead Car Exports Worth Billions of Dollars to Middle East
China, India Lead Car Exports Worth Billions of Dollars to Middle East

The U.S.-Israel war with Iran, which entered its seventh day on Friday, threatens to disrupt the shipment of vehicles from Asia to...

Taiwan's Foxconn says Everyone will Feel Impact of Prolonged Iran Conflict
Taiwan's Foxconn says Everyone will Feel Impact of Prolonged Iran Conflict

Everyone will feel the impact on prices of oil and raw materials if the ​U.S. and Israeli conflict with Iran drags on, the chairman ‌of...

March 5, 2026
US Labor Market Holding Steady; Worker Productivity Still Strong in Q4
US Labor Market Holding Steady; Worker Productivity Still Strong in Q4

The number of Americans filing new applications for unemployment benefits was unchanged last week and layoffs dropped sharply in February,...

US Productivity Slows in Fourth Quarter
US Productivity Slows in Fourth Quarter

U.S. worker productivity slowed in the fourth quarter, but the trend remained solid, keeping growth in labor ​costs in check. Nonfarm...

Higher Capital Goods Prices lift US imported inflation in Jan
Higher Capital Goods Prices lift US imported inflation in Jan

U.S. import prices increased in January as a decline in the cost of energy products was more than offset by a surge in capital goods prices,...


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