Economic news


KPMG Australia Names Insider as CEO after Audit Leak

KPMG Australia Names Insider as CEO after Audit Leak

KPMG Australia ​on Tuesday promoted a partner from within its own ranks to chief executive, two months after ‌losing its leader to a scandal that erupted over the firm's misuse of confidential client information. The accounting firm named John Sams, a partner from the commercial adv...


July 21, 2026
Oil Hits 5-Week High on US-Iran Clashes, Houthi Threat
Oil Hits 5-Week High on US-Iran Clashes, Houthi Threat

Oil prices climbed about 2% on Tuesday to a five-week ‌high, on worries that energy supply disruptions could worsen in the Middle East due to...

Novartis Backs Full Year Forecast after $6B Profit Beat Helped by One-Offs
Novartis Backs Full Year Forecast after $6B Profit Beat Helped by One-Offs

Novartis beat second-quarter profit forecasts and kept its 2026 outlook unchanged on Tuesday, ‌saying one-off benefits that helped the...

UK Finance Chief Calms Market, but Tax and Debt Risks Loom
UK Finance Chief Calms Market, but Tax and Debt Risks Loom

The surprise decision by Britain's new Prime Minister Andy Burnham to make John Healey his finance minister is adding to...

Sterling Dips, Gilt Yields Hit 2-mth High on Burnham Plans
Sterling Dips, Gilt Yields Hit 2-mth High on Burnham Plans

Sterling dipped while UK gilt yields reached fresh two-month highs on ​Tuesday as investors weighed the prospect of higher government spending and...

China's Zhongji Innolight Plans $8B Hong Kong IPO, Sources
China's Zhongji Innolight Plans $8B Hong Kong IPO, Sources

China's Zhongji Innolight, a maker ‌of optical transceivers, will launch a Hong Kong listing on Wednesday to raise at least $8 billion,...

Swatch Reports Stronger Sales, but Profit Miss Hurts Shares
Swatch Reports Stronger Sales, but Profit Miss Hurts Shares

Swiss watchmaker Swatch Group reported improved first-half sales on Tuesday but missed ‌profit forecasts as the owner of the Omega,...

Stocks Rebound as Mideast Mediation Pushes Oil Lower
Stocks Rebound as Mideast Mediation Pushes Oil Lower

Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation ​efforts in the Middle East, and...

Gold Rises on Mideast Diplomatic Talks, de-Escalation
Gold Rises on Mideast Diplomatic Talks, de-Escalation

Gold gained more than 1% on Tuesday as ​investors weighed reports of fresh mediation efforts in the Middle East, ‌which could weigh on energy...

SBI Funds Rises 6.2% on Debut on Industry Growth Bets
SBI Funds Rises 6.2% on Debut on Industry Growth Bets

SBI Funds Management ended 6.2% higher in its stock market ‌debut on Tuesday, valuing the firm at nearly $13 billion, as investors bet on...

FTSE 100 Climbs as Oil Prices Ease; Earnings in Focus
FTSE 100 Climbs as Oil Prices Ease; Earnings in Focus

Britain's FTSE 100 edged higher on Tuesday as reports of U.S.-Iran mediation efforts pushed oil prices lower, while investors assessed a fresh...

TVS Motor Quarter Profit Jumps 51.4% on Premium Demand
TVS Motor Quarter Profit Jumps 51.4% on Premium Demand

TVS Motor, India's third-largest two-wheeler maker, reported a 51.4% jump in quarterly ​profit on Tuesday as robust demand for higher-margin...

India's Shift from Options Fuels Leveraged Stock Bets
India's Shift from Options Fuels Leveraged Stock Bets

India's efforts to curtail equity derivatives trading have prompted some of the ​country's mom-and-pop investors to shift into leveraged...

Julius Baer Inflows Beat Views, but de-Risking Weighs
Julius Baer Inflows Beat Views, but de-Risking Weighs

Julius Baer said on Tuesday net new money for the first six months of the year reached 5.7 billion Swiss francs ($7.04 billion), beating...

Weak UK Job Market Holds Steady as PM Burnham Takes Office
Weak UK Job Market Holds Steady as PM Burnham Takes Office

Britain's jobs market appears to have stabilised at weak levels with official data showing annual ‌wage growth and unemployment steady in...

Diageo Chair Plans Board Shake-Up, FT Reports
Diageo Chair Plans Board Shake-Up, FT Reports

Diageo chair John Manzoni is looking to reshape the board by adding ​directors with experience in the drinks or drinks ‌distribution...

RBI's Inflow Push Strengthens India's Balance of Payments
RBI's Inflow Push Strengthens India's Balance of Payments

A wave of foreign currency inflows drawn by rupee-support measures the central bank introduced ‌just over a month ago is adding to confidence...

UK Borrows Less in June, but Burnham Faces Huge Debt Test
UK Borrows Less in June, but Burnham Faces Huge Debt Test

Britain's government borrowed £16 billion ($21.51 billion) in June, a third less than in the same month last year, according ​to official...

EU Banks Set for Profit Boost from Lending, Trading Windfall
EU Banks Set for Profit Boost from Lending, Trading Windfall

After a surge in revenue at U.S. ​banks, European lenders are expected to follow suit this week when they report second-quarter earnings,...

Ant International Raises $1.2 bln in Global Expansion Push
Ant International Raises $1.2 bln in Global Expansion Push

Ant International, an overseas affiliate of the ​Jack Ma-founded Chinese fintech firm Ant Group, ‌has raised $1.2 billion in its latest equity...

Nikkei Rallies after Fall as Focus Turns to Tech Results
Nikkei Rallies after Fall as Focus Turns to Tech Results

TOKYO, July 21 (Reuters) - Japan's Nikkei share average rose on Tuesday as markets reopened after a holiday and ​investors seized on bargains...

Wall St Indexes Fall, with Iran and Earnings Season in Focus
Wall St Indexes Fall, with Iran and Earnings Season in Focus

Wall Street's three major indexes finished lower on ​Monday while investors looked for moves toward Middle East de-escalation and...

Beaten-Down Indonesian Stocks Feel Love as AI Rally Cools
Beaten-Down Indonesian Stocks Feel Love as AI Rally Cools

As the rally in AI stocks starts showing signs of fatigue and big investors turn sellers, some are buying back laggards and even warming...

Ant International Raises $1.2 bln in Global Expansion Push
Ant International Raises $1.2 bln in Global Expansion Push

Ant International, an overseas affiliate of the ​Jack Ma-founded Chinese fintech firm Ant Group, ‌has raised $1.2 billion in its latest equity...

Cardinal Health to Buy Two Diabetes Units for $360M
Cardinal Health to Buy Two Diabetes Units for $360M

Cardinal Health said on Monday it has agreed to buy AdaptHealth's diabetes health business and ​medical supply provider Strive...

US Hits $20B of Canadian Goods with new 50% Tariffs
US Hits $20B of Canadian Goods with new 50% Tariffs

President Donald Trump unveiled 50% tariffs on a wide range of imports from Canada on Monday in response to ​what the U.S....

July 20, 2026
Domino's Keeps Sales View, Value-Seeking Diners Slow Growth
Domino's Keeps Sales View, Value-Seeking Diners Slow Growth

Dominos Pizza on Monday maintained its annual sales forecasts, but said a challenging macroeconomic environment continued to weigh on...

UK Gilt Yields Rise, Sterling Dips as Burnham Becomes PM
UK Gilt Yields Rise, Sterling Dips as Burnham Becomes PM

Benchmark British borrowing costs rose and sterling dipped on Monday as investors fretted over whether Andy Burnham's early remarks ​on...

AliExpress Fined $629M by EU over Illegal, Fake Goods
AliExpress Fined $629M by EU over Illegal, Fake Goods

Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for ‌failing to...

Markets Price Two ECB Rate Hikes by 2027 on Inflation
Markets Price Two ECB Rate Hikes by 2027 on Inflation

Swings in oil prices fueled a moderately volatile session for European government bonds on Monday, and inflation-sensitive markets fully priced two...

Airlines Warn Planemakers not to Rush next-Gen Jets
Airlines Warn Planemakers not to Rush next-Gen Jets

Airline executives on Monday cautioned planemakers Boeing and Airbus not to rush out a new ​generation of commercial jets without...

Google Plans new Chip to Run Gemini Models, Information Says
Google Plans new Chip to Run Gemini Models, Information Says

Google is developing a new server chip that would incorporate elements of its Gemini model directly ​into the hardware, in a bid to serve ‌its...

Tempus to Buy Cancer Test Maker Personalis for $1.5 Billion
Tempus to Buy Cancer Test Maker Personalis for $1.5 Billion

Tempus AI said ​on Monday it would buy Personalis in a deal valued at about $1.5 billion, ‌adding a cancer test to the AI-enabled...

Coca-Cola Picks JPMorgan, Citi for India Bottler IPO
Coca-Cola Picks JPMorgan, Citi for India Bottler IPO

MUMBAI, July 20 (Reuters) - Coca-Cola has appointed JPMorgan and Citi as bankers for a planned 2027 initial public ​offering of one of its...

FTSE 100 Slips on Mideast Tensions; Burnham Takes Office
FTSE 100 Slips on Mideast Tensions; Burnham Takes Office

London's FTSE 100 edged lower on Monday as U.S.-Iran tensions fuelled concerns over shipping through the Strait of Hormuz, while investors...

Ryanair Profit Slumps on Weak Fares and High Fuel Costs
Ryanair Profit Slumps on Weak Fares and High Fuel Costs

Ryanair's profit slumped ​by a third in its most recent quarter on higher fuel costs and lower fares that look set ‌to remain weak...

Rupee Hits Two-Month Low, Oil Prices Remain Focal Point
Rupee Hits Two-Month Low, Oil Prices Remain Focal Point

The Indian rupee declined to its weakest level in two months on Monday, as oil prices ​swayed near $90 per barrel amid the Middle East conflict,...

European Shares Flat on US-Iran Risks, Tech Earnings Loom
European Shares Flat on US-Iran Risks, Tech Earnings Loom

European shares were muted on Monday as an escalating U.S.-Iran conflict drove oil prices ‌higher, stoking inflation fears just as markets...

ECB Survey Sees Slower Wage Demands and Price Growth
ECB Survey Sees Slower Wage Demands and Price Growth

Euro zone firms expect selling prices to rise more moderately and see a slowdown in wage growth, an ​ECB survey showed on Monday, adding to...

Gold Steady as Markets Gauge Mideast Tensions, Fed Bets
Gold Steady as Markets Gauge Mideast Tensions, Fed Bets

Gold prices were little changed on Monday ‌as investors assessed an escalation in the Middle East war that pushed oil prices higher, while...

Moonshot Pauses Kimi Subscriptions amid Hot Demand, IPO Push
Moonshot Pauses Kimi Subscriptions amid Hot Demand, IPO Push

Chinese startup Moonshot AI has temporarily paused new subscriptions after demand for its newly launched Kimi ​K3 model strained...

UK Finance Firms Tighten Staff Checks ahead of new Rules
UK Finance Firms Tighten Staff Checks ahead of new Rules

Financial firms in Britain are sharpening their focus on employee conduct, with some weeding out staff suspected of misconduct such as harassment...

Honeywell Wins IndiGo Deal, Adds Aeromexico Safety Tech
Honeywell Wins IndiGo Deal, Adds Aeromexico Safety Tech

Honeywell Aerospace said on Monday that Indian airline IndiGo had selected its avionics ​and power systems for 810 Airbus A320neo-family...


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