Economic news


Gold Dips as Mideast Tensions Lift Oil; Fed Minutes Eyed

Gold Dips as Mideast Tensions Lift Oil; Fed Minutes Eyed

Gold fell on Tuesday as investors monitored escalating hostilities in ‌the Middle East that sent oil prices higher, and braced for minutes from the U.S. Federal Reserve's June meeting for guidance on the monetary policy outlook. Spot gold was down 0.6% at $4,138.39 per ounce by 11:5...


July 7, 2026
London's FTSE 100 Ticks Higher as Shell Lifts Energy Stocks
London's FTSE 100 Ticks Higher as Shell Lifts Energy Stocks

The UK's FTSE ​100 index inched up on Tuesday, as gains in energy stocks ‌following Shell's upbeat second-quarter guidance offset...

Fresh Foods Boost Amazon Now Demand in Brazil, Executive
Fresh Foods Boost Amazon Now Demand in Brazil, Executive

Fresh food offerings have helped boost demand for Amazon's new 15-minute quick-delivery service in Brazil, prompting the company...

ECB Tells Banks to Bolster AI Cyber Defences
ECB Tells Banks to Bolster AI Cyber Defences

The European Central Bank on Tuesday gave euro zone banks four months to draw ​up plans to counter AI-enabled cyber threats, taking a more...

UK Needs Vast Fiscal Tightening to Avert Debt Spiral: OBR
UK Needs Vast Fiscal Tightening to Avert Debt Spiral: OBR

Britain will need extra tax rises or spending cuts equivalent to the entire education budget early next decade to prevent government debt...

Oil Gains after Vessel Attacks near Strait of Hormuz
Oil Gains after Vessel Attacks near Strait of Hormuz

Oil prices rose on Tuesday after reports of attacks on vessels ‌near the Strait of Hormuz revived fears of disruptions to shipping...

SpaceX IPO and Trading Surge to Lift Wall St Q2 Earnings
SpaceX IPO and Trading Surge to Lift Wall St Q2 Earnings

Driven in part by the blockbuster SpaceX mega IPO, a surge in sales and trading will power U.S. Wall Street bank earnings in the second...

Standard Nuclear Eyes Up to $3.55B US IPO Valuation
Standard Nuclear Eyes Up to $3.55B US IPO Valuation

Standard Nuclear is targeting a valuation of up to $3.55 billion in its ​U.S. initial public offering, as investors increasingly favor energy...

India's Trent Posts 19% Growth in Q1 Revenue
India's Trent Posts 19% Growth in Q1 Revenue

Indian apparel retailer Trent said on Monday its standalone revenue rose 19% year-on-year in the first quarter ​of fiscal year 2027, helped by...

China Gold Reserves See Biggest Rise since 2023; Price Falls
China Gold Reserves See Biggest Rise since 2023; Price Falls

China's central bank reported its biggest monthly increase in gold reserves ​in more than two and a half ‌years in June, official data...

India's Top Asset Manager Draws Sovereign Funds in $1.2B IPO
India's Top Asset Manager Draws Sovereign Funds in $1.2B IPO

SBI Funds Management IPO draws interest from Abu Dhabi's ADIA, Singapore's GIC: sources The $1.2 billion issue kicks off IPO pipeline for...

Sterling Hits Three-Week High versus Dollar
Sterling Hits Three-Week High versus Dollar

The pound rose to a three-week high against the dollar on Tuesday as the U.S. currency continued to slip in the wake of ​Thursday's...

China's Gig Boom Masks Job Pain, Strains Welfare System
China's Gig Boom Masks Job Pain, Strains Welfare System

Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him...

UK House Prices Inched Higher in June, Lloyds Data Shows
UK House Prices Inched Higher in June, Lloyds Data Shows

British house prices ticked higher in June, the first ​monthly increase since February, mortgage lender ‌Lloyds said on Tuesday, though it...

Japan Denies Pressuring BOJ to Keep Interest Rates Low
Japan Denies Pressuring BOJ to Keep Interest Rates Low

Japan's government on Tuesday pushed back against market views it was watering down its commitment to fiscal ​reform and pressuring the central...

Yen Pinned near 40-Year Low on Intervention Fears
Yen Pinned near 40-Year Low on Intervention Fears

The yen ​hovered near a four-decade low on Tuesday, leaving traders wary of possible intervention by Japanese ‌authorities to bolster the...

Asian Stocks Tumble on AI Jitters after Samsung Forecast
Asian Stocks Tumble on AI Jitters after Samsung Forecast

Asian stocks declined on Tuesday, with South Korea leading losses after ​Samsung Electronics' forecast triggered a reassessment of stretched...

Britain's Bond Market may Limit what Burnham Can Do as PM
Britain's Bond Market may Limit what Burnham Can Do as PM

Britain's brittle bond market is looming large over Andy Burnham, Britain's likely next prime minister, and could constrain what ​the...

S&P 500, Nasdaq Close Sharply Higher as Broadcom Rallies
S&P 500, Nasdaq Close Sharply Higher as Broadcom Rallies

The S&P 500 and Nasdaq ended sharply higher ​on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies...

Indian Firms' Arbitrage Plays Revive Pain Point for Rupee
Indian Firms' Arbitrage Plays Revive Pain Point for Rupee

A familiar drag on the Indian ​currency has resurfaced with local companies exploiting the arbitrage opportunities between the onshore foreign...

Japan May Real Wages Up for 5th Month, Slowed by Inflation
Japan May Real Wages Up for 5th Month, Slowed by Inflation

Japan's real wages rose 1.4% in May from a year earlier to mark a fifth month ​of increases, although the growth rate slowed amid...

Indian Fitness Firm Cult.fit Files for IPO
Indian Fitness Firm Cult.fit Files for IPO

Indian fitness company Cult.fit has filed for an IPO ​to raise up to 9.5 billion rupees ($99.6 million) ‌in a fresh issue, draft papers showed...

China Breaks Step with Global Markets, and Investors Buy In
China Breaks Step with Global Markets, and Investors Buy In

Investor thinking on Chinese assets is changing, as steady returns through the turbulence of the Iran war and AI frenzy show how China has broken...

July 6, 2026
Tencent Unit Seeks $1.55B from Kuaishou Share Sale
Tencent Unit Seeks $1.55B from Kuaishou Share Sale

Tencent Mobility, a ​unit of Tencent Holdings, is seeking to raise up ‌to $1.55 billion by selling shares in Chinese short-video company...

Microsoft to Cut 4,800 Jobs, Overhaul Xbox Unit
Microsoft to Cut 4,800 Jobs, Overhaul Xbox Unit

Microsoft said on Monday it would cut 4,800 jobs, or ​about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting...

TeraWulf Jumps on $19B Data Center Lease Deal with Anthropic
TeraWulf Jumps on $19B Data Center Lease Deal with Anthropic

TeraWulf said on Monday it signed a 20-year lease with ​Anthropic for data center infrastructure, a ‌deal expected to generate about $19...

US Services Growth Dips in June; Employment Rebounds
US Services Growth Dips in June; Employment Rebounds

U.S. services sector activity dipped in June ​as some of the boost from businesses rushing to place orders amid the Middle East war ‌ebbed,...

ITV and Sky Reshape British TV Landscape with $2.1 bln Deal
ITV and Sky Reshape British TV Landscape with $2.1 bln Deal

Comcast's Sky has agreed to buy the broadcast channels ​and streaming service of Britain's ITV for £1.6 billion ($2.13...

Dior Beats Chanel to dress Taylor Swift for Wedding
Dior Beats Chanel to dress Taylor Swift for Wedding

In a ​coup for Parisian fashion house Christian Dior, both Taylor Swift and Travis Kelce wore Haute Couture designs ‌by creative director...

Hedge Funds Dump Chip Stocks for 4th Week as AI Sells Off
Hedge Funds Dump Chip Stocks for 4th Week as AI Sells Off

U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according ​to a client note from Goldman Sachs on ‌Friday, in line...

Britain's FTSE Indexes Slip as Miners Offset Financial Gains
Britain's FTSE Indexes Slip as Miners Offset Financial Gains

London's FTSE 100 edged lower on Monday as losses in precious metal miners outweighed gains in financial stocks, while investors assessed a...

UK new Car Sales Hit Best June since 2019 as EV Sales Grow
UK new Car Sales Hit Best June since 2019 as EV Sales Grow

British new car sales in June climbed 11.4% from year-ago ​levels to their strongest since 2019, with battery electric vehicles taking ‌a...

Pound Breaks 7-Day Rally as Dollar Steadies after Jobs Data
Pound Breaks 7-Day Rally as Dollar Steadies after Jobs Data

The pound ​fell on Monday, breaking a seven-day stretch of gains as the dollar recovered some strength following a ‌selloff last week after...

Airbus Aims for 900 Deliveries after Strong June, Sources
Airbus Aims for 900 Deliveries after Strong June, Sources

Airbus has set an internal goal of ​exceeding 900 deliveries for the first time ‌this year after handing over 89 jets in June, though it...

Indian Oil, HPCL Buy 7M Barrels of Crude via Tenders
Indian Oil, HPCL Buy 7M Barrels of Crude via Tenders

Indian state refiners Indian Oil Corp and Hindustan ​Petroleum Corp have together purchased ‌about 7 million barrels of crude oil...

S.Korea's Hynix Launches $28B US Listing to Ride AI Wave
S.Korea's Hynix Launches $28B US Listing to Ride AI Wave

South Korean chipmaker SK Hynix will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, ​as it...

EasyJet Shares Jump 10% on $7.3B Castlelake Takeover
EasyJet Shares Jump 10% on $7.3B Castlelake Takeover

Shares in easyJet rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 ​billion...

Yen Pinned near 40-Year Lows as Intervention Risks Mount
Yen Pinned near 40-Year Lows as Intervention Risks Mount

The Japanese yen floundered around four-decade lows on Monday, raising the ​risk of official intervention, while the dollar steadied after last...

From Shampoo to Cookies, Consumer Products Get AI Makeover
From Shampoo to Cookies, Consumer Products Get AI Makeover

French cosmetics company L'Oreal has used AI to identify molecules in its ‌skincare products that can be repurposed for use in...

Gold Eases from Two-Week High as Firmer US Dollar Weighs
Gold Eases from Two-Week High as Firmer US Dollar Weighs

Gold retreated after touching its highest level in two weeks ‌on Monday as the U.S. dollar edged up from recent lows, though easing bets on...

Rupee Falls on Weak Asia FX and Oil Dollar Demand
Rupee Falls on Weak Asia FX and Oil Dollar Demand

The Indian rupee tracked regional currencies lower on Monday, while dollar demand from ​local oil companies and related to maturing contracts...

German Industrial Orders Rose more than Expected in May
German Industrial Orders Rose more than Expected in May

German industrial orders rose ‌more than expected in May due to large-scale orders. Industrial orders rose by ​1.9% on the previous month...

Spain, Portugal Step Up Scrutiny of Soaring Property Markets
Spain, Portugal Step Up Scrutiny of Soaring Property Markets

Spain and Portugal are stepping up scrutiny of their soaring property markets ​amid early signs of overheating, but supervisors are unlikely to...


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