Economic news


German Automakers Hit by Sharp China Sales Drop in Q2

German Automakers Hit by Sharp China Sales Drop in Q2

German carmakers' sales collapsed further in China during the second quarter, as a protracted ‌slowdown in the world's biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen , Mercedes-Benz and BMW ...


July 10, 2026
Baker Hughes Wins Conditional EU Nod for $13.6B Chart Deal
Baker Hughes Wins Conditional EU Nod for $13.6B Chart Deal

U.S. oilfield services firm Baker Hughes secured ​EU antitrust approval on Friday for ‌its of Chart Industries after agreeing to...

Shein Gets China Approval for Hong Kong IPO in 3rd Try
Shein Gets China Approval for Hong Kong IPO in 3rd Try

Fast-fashion retailer Shein won approval for its long-awaited Hong Kong IPO on Friday, a notice ​posted on the China Securities Regulatory...

S.Korea, Taiwan Lead $46B Stock Exodus from EM in June
S.Korea, Taiwan Lead $46B Stock Exodus from EM in June

A sharp retreat from tech-heavy equities in South Korea and Taiwan fuelled net emerging market stock outflows of $46.1 billion from foreign...

King Yuan Electronics to Invest Up to $1.4B in US Facility
King Yuan Electronics to Invest Up to $1.4B in US Facility

Taiwanese chip-testing company King ​Yuan Electronics (KYEC) plans to ‌invest up to $1.4 billion to establish a facility in the ​United...

Philippine Air to Order 15 Boeing 787-10, 9 Airbus A350-1000
Philippine Air to Order 15 Boeing 787-10, 9 Airbus A350-1000

Philippine Airlines (PAL) is poised to order 15 Boeing 787-10 aircraft and nine Airbus ​A350-1000 jets, marking its first Boeing purchase...

Gold Set for Weekly Loss on US-Iran Rate-Hike Fears
Gold Set for Weekly Loss on US-Iran Rate-Hike Fears

Gold edged lower ​on Friday and was set for a weekly loss, as rising crude ‌oil prices and escalating U.S.-Iran tensions fed concerns that the...

Campari Fights Aperol Copycats as Spritz Market Grows
Campari Fights Aperol Copycats as Spritz Market Grows

Campari is stepping up efforts to defend Aperol, the driving force behind its growth in recent years, as copycat spritzes and rival aperitifs...

FTSE 100 Ticks Up on Deals amid Middle East Worries
FTSE 100 Ticks Up on Deals amid Middle East Worries

July 10 (Reuters) - London's FTSE 100 inched up on Friday, supported by deal-driven gains in Vodafone and easyJet, though Middle East tensions...

Sterling Hits 1-Month High as Dollar Dips on Rate Outlook
Sterling Hits 1-Month High as Dollar Dips on Rate Outlook

The pound rose on Friday to an almost one-month high against the dollar and a one-year peak versus the euro as markets mulled central banks'...

India's NSE Pitches IPO to 30 Global Investors: Sources
India's NSE Pitches IPO to 30 Global Investors: Sources

India's National Stock Exchange (NSE) will pitch its initial public ​offering (IPO) to over 30 global investors this month as a bet on the...

Oil Heads for Weekly Gain, Middle East Supply Risks Persist
Oil Heads for Weekly Gain, Middle East Supply Risks Persist

Oil ​prices eased on Friday but remained on track for weekly gains as renewed U.S.-Iran ‌fighting disrupted shipping in the Strait of Hormuz,...

EU Regulators Hit US Wall in Quest for Private Credit Data
EU Regulators Hit US Wall in Quest for Private Credit Data

European financial supervisors seeking a clearer picture of banks' exposure to private credit markets are running into resistance from the U.S....

Chip Stocks Boost Global Markets ahead of SK Hynix US Debut
Chip Stocks Boost Global Markets ahead of SK Hynix US Debut

Global stocks rose on Friday despite a more ​muted European open, as AI-related enthusiasm in Asia over the market debut of South Korean chip...

Bayer Gets €3 Billion in Apollo Deal for Contraceptives Unit
Bayer Gets €3 Billion in Apollo Deal for Contraceptives Unit

Bayer said on Friday it had secured €3 ​billion ($3.4 billion) in equity from ‌Apollo-managed funds in a deal tied to its...

SK Hynix Raises $26.5B in US Offering at $149 an ADR
SK Hynix Raises $26.5B in US Offering at $149 an ADR

South Korea's SK Hynix priced its American Depositary Receipts at $149 on ​Thursday raising about $26.5 billion, a U.S. regulatory filing...

India Gold Discounts Deepen on Volatility; China Steady
India Gold Discounts Deepen on Volatility; China Steady

Gold traded at a wide discount in India ‌this week as price volatility weighed, while demand in China remained steady with the country's...

Yen Rises as Japan Woos Pension Funds into Domestic Assets
Yen Rises as Japan Woos Pension Funds into Domestic Assets

The yen bounced on Friday on news that Japan plans ​to encourage pension funds to increase their holdings of domestic financial assets, a move...

Nasdaq Ends Sharply Higher; Chip Surge Offsets Iran Worries
Nasdaq Ends Sharply Higher; Chip Surge Offsets Iran Worries

The Nasdaq ended sharply higher on Thursday, as ​Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and...

Global EV Demand Up as Europe Offsets China, US Weakness
Global EV Demand Up as Europe Offsets China, US Weakness

Global demand for electric vehicles rose ​for a fourth straight ‌month in June, driven by strong growth in Europe as sales ​weakened in China...

Wall St Banks Rule on Staff Prediction Market Bets, Sources
Wall St Banks Rule on Staff Prediction Market Bets, Sources

Wall Street banks have added rules on prediction-market betting to their employee codes of conduct, with some barring employees from bets on...

Japan Wholesale Inflation at 3-Year High on Weak Yen
Japan Wholesale Inflation at 3-Year High on Weak Yen

Japan's wholesale inflation accelerated in June at ​the fastest pace in more than three years as firms aggressively passed on rising costs from...

Geopolitics Drives Wealth Funds to National Goals: Study
Geopolitics Drives Wealth Funds to National Goals: Study

Shifting geopolitical alliances are ‌pushing sovereign wealth funds to place greater emphasis on strategic national priorities — from...

July 9, 2026
FTSE 100 Slips as AstraZeneca Drag Offsets Bank Gains
FTSE 100 Slips as AstraZeneca Drag Offsets Bank Gains

The UK's FTSE 100 ended slightly lower on Thursday ‌as heavyweight AstraZeneca dropped after reporting disappointing results from a...

AI Selloff Drives Quant Funds' Worst Performance since Aug
AI Selloff Drives Quant Funds' Worst Performance since Aug

Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many ​got caught in crowded trades amid...

PepsiCo Warns of Higher Costs amid Weak North American Sales
PepsiCo Warns of Higher Costs amid Weak North American Sales

PepsiCo on Thursday warned ‌of higher commodity costs in the second half of the year, at a time when the snack and beverage giant is...

Dollar Dips as Jobs Hold Steady; US-Iran Tensions Rise
Dollar Dips as Jobs Hold Steady; US-Iran Tensions Rise

The dollar ​dipped for a second straight session on Thursday as the U.S. and Iran carried out renewed attacks, ‌while a stable...

US Existing Home Sales Unexpectedly Fall in June
US Existing Home Sales Unexpectedly Fall in June

U.S. existing home sales unexpectedly fell in June as house prices hit a record high and mortgage rates remained elevated, pushing potential buyers...

Strategic Oil Buying to Back Crude Demand Through 2028
Strategic Oil Buying to Back Crude Demand Through 2028

Governments are set to buy millions of barrels of oil through 2028 to rebuild ​emergency reserves depleted by drawdowns to plug a gap in global...

ECB saw Inflation Rising Despite 3 Expected Hikes: Minutes
ECB saw Inflation Rising Despite 3 Expected Hikes: Minutes

European Central Bank policymakers gathering last month were presented with projections showing inflation staying above ​target into next year...

Energy to Drive Europe Earnings as Underlying Growth Slows
Energy to Drive Europe Earnings as Underlying Growth Slows

A surge in energy profits linked to higher oil ​prices is set to drive ‌European blue-chip earnings growth in the second quarter, masking...

Hormuz Oil Tanker Traffic near Standstill amid Iran Tension
Hormuz Oil Tanker Traffic near Standstill amid Iran Tension

Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to data and sources, as ​shipping risks escalated...

US Stock Reliance over Debt is Dollar Risk: Deutsche Bank
US Stock Reliance over Debt is Dollar Risk: Deutsche Bank

The United States is relying more than ever on international flows into its companies' shares than investments in its debt to fund ​itself, a...

Hugo Boss Urges Investors to Reject 'Inadequate' Frasers Bid
Hugo Boss Urges Investors to Reject 'Inadequate' Frasers Bid

German fashion brand Hugo Boss on Thursday urged shareholders not to accept a €2 ‌billion ($2.3 billion) takeover...

Uniqlo Owner Warns of Yen, Heatwaves; Raises Profit Outlook
Uniqlo Owner Warns of Yen, Heatwaves; Raises Profit Outlook

The Japanese owner of clothing brand Uniqlo raised its annual profit forecast on Thursday on strong global sales ‌but warned about the impact...

Gold Firms on Softer Dollar, Middle East Tensions
Gold Firms on Softer Dollar, Middle East Tensions

Gold edged higher on Thursday on ‌a slightly weaker dollar, though investors remained cautious, closely watching developments in the Middle...

Pound Nudges at Four-Week Highs; Volatility Picks Up
Pound Nudges at Four-Week Highs; Volatility Picks Up

LONDON, July 9 (Reuters) - The pound rose on Thursday, as the dollar backed off the previous day's highs in line with a modest retreat in the...

Rupee Edges Higher on Central Bank Action, Oil Dip
Rupee Edges Higher on Central Bank Action, Oil Dip

The Indian rupee ended modestly stronger on Thursday, comforted by likely dollar-selling intervention by the Reserve Bank of India and ​a dip in...

India Inflows Spark $120B Hedging as Exporters Return
India Inflows Spark $120B Hedging as Exporters Return

Indian exporters sharply increased foreign exchange hedging in June after the central bank's measures to attract dollar inflows tempered...

Asian Buyers Eye Firms Tapping AI but Resilient to its Risks
Asian Buyers Eye Firms Tapping AI but Resilient to its Risks

Asian investors struck a cautious tone on artificial intelligence as they increasingly wager on businesses that can withstand the AI-led disruption...

Bank of Japan sees Growing Inflation Pressures from Iran War
Bank of Japan sees Growing Inflation Pressures from Iran War

The Bank of Japan said on Thursday the U.S.-Israeli war on Iran is likely to prod more firms to raise ‌prices later this year, signalling...

Porsche H1 Deliveries Fall 16% on China, US Pressure
Porsche H1 Deliveries Fall 16% on China, US Pressure

Porsche AG's deliveries fell 16% across all regions in the first ​half of 2026 to 122,306 vehicles, ‌the German sports carmaker said...

Binance Eyes Asia Licences, Maintains EU Commitment
Binance Eyes Asia Licences, Maintains EU Commitment

Cryptocurrency exchange Binance remains in "close talks" with regulators in the ​European Union over its application to operate in the...


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