Economic news

The number of Americans filing new applications for jobless benefits unexpectedly fell last week, consistent with a low level of layoffs, but the...

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising...

Shares of Agios Pharmaceuticals jumped nearly 16% on Wednesday after the U.S. Food and Drug Administration approved the expanded use of its...

Packaged food makers and fast-food restaurants may be forced to overhaul more of their products next year as newly approved, appetite-suppressing...

The U.S. auto safety regulator said on Wednesday it has opened a defect investigation into Tesla Model 3 compact sedans over concerns that...

The pound held around a three-month high against a broadly softer dollar and near its firmest in two months against the euro on Wednesday, although...

 Sanofi will buy U.S. vaccines company Dynavax Technologies for around $2.2 billion (1.9 billion euros), the French drugmaker said...

The U.S. dollar was on the back foot on Wednesday and set for its biggest yearly fall since 2017, possibly with more to come, as investors wagered...

BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for about $6 billion, a significant...

The FTSE 100 edged lower on Wednesday, with homebuilder gains countered by declines in healthcare amid a truncated Christmas Eve session. The...

Global shares steadied near record highs on Wednesday, capping a year of brisk artificial intelligence-driven gains, while commodities, such as...

U.S. private equity firm Warburg Pincus and India's Bharti Enterprises will together purchase a 49% stake in appliance maker Haier India, the...

Oil prices rose slightly for a sixth day on Wednesday, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela...

South Korea's national pension fund has initiated a new round of strategic foreign exchange hedging operations on Wednesday, two sources...

Gold surged past $4,500-an-ounce for the first time on Wednesday, while silver and platinum also hit record highs, as investors piled into precious...

U.S. stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic growth...

Global pharma giants Eli Lilly and Novo Nordisk are scrambling to cement their lead in India's booming obesity drug market before...

Vietnam's stock market recorded its highest opening on Wednesday, briefly extending this week's rally, with investors buoyed by signs...

Japan plans to issue new government bonds worth around $189 billion to fund a record-size budget for next fiscal year, a draft reviewed by Reuters...

Bank of Japan policymakers debated the need to continue raising interest rates to levels deemed neutral to the economy with some arguing doing so...

Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend...

The U.S. economy grew at its fastest pace in two years in the third quarter, fueled by robust consumer spending, though momentum appears to have...

The U.S. dollar fell on Tuesday in a holiday-shortened week, weighed down by expectations of more rate cuts next year, though it trimmed losses...

Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa...

U.S. consumer confidence deteriorated in December amid deepening anxiety over jobs and income, consistent with economists' expectations for a...

S. factory production was unchanged in November after declining in October as motor vehicle output fell following the expiration of tax credits for...

New orders for key U.S.-manufactured capital goods increased in October and shipments of these goods rose solidly, suggesting business spending on...

China's leading private rocket firm LandSpace has completed the so-called "tutoring" process for a potential initial public offering,...

Britain's government said on Tuesday it would scale back its plan to raise more tax from farmers, following months of protests since the...

The Reserve Bank of India will infuse about $32 billion worth of rupee liquidity into the banking system over the next month via open market bond...

Oil prices were little changed on Tuesday as potential sales of Venezuelan crude seized by the United States were countered by heightened supply...

Sales for U.S. retailers have increased by about 4% so far this holiday season as Americans balanced tighter budgets with a desire to upgrade...

Gold touched a record high on Tuesday, just shy of breaching the $4,500 per-ounce threshold, as a weaker dollar and persistent geopolitical...

The rupee ended flat on Tuesday, hemmed in by persistent dollar demand from local corporates and the non-deliverable forwards market, which...

New car sales in Europe rose year-on-year in November for a fifth consecutive month, helped by an increase in EV registrations in markets including...

Taiwan's export orders in November grew at their fastest pace in nearly five years, riding the wave of ongoing demand for AI technology heading...

Taiwan’s HTC is betting its open platform strategy will allow it to build market share in the fast-growing smartglasses industry, as its...

Global investors are increasing their wagers on Chinese artificial intelligence companies, betting on the next DeepSeek and seeking to diversify,...

U.S. stocks closed higher to kick off the holiday-shortened trading week on Monday, buoyed partly by a continued rebound by technology stocks in a...

Asia shares rose alongside precious metals on Tuesday as momentum buying from investors extended ahead of the festive holidays, with an advanced...

South Korea's central bank needs to remain wary of financial stability risks, such as heightened volatility in the won currency and upward...

Mexico's antitrust commission will revise a planned tie-up between low-cost airlines Viva Aerobus and Volaris, the country's President...