Economic news


EU and Indonesia Agree Trade Deal, FT Reports

EU and Indonesia Agree Trade Deal, FT Reports

The European Union and Indonesia have finalised a trade agreement to be signed next week, the Financial Times reported on Tuesday, citing officials in Brussels and Jakarta. EU Trade Commissioner Maros Sefcovic is set to visit Indonesia to sign it on September 23, said the report.&n...


September 16, 2025
Workday to Buy AI Firm Sana for $1.1B, HR Software Deal-Making Heats Up
Workday to Buy AI Firm Sana for $1.1B, HR Software Deal-Making Heats Up

Workday said on Tuesday it would buy AI firm Sana for about $1.1 billion, underscoring growing consolidation in the HR software sector while...

US Manufacturing Output Unexpectedly Rises on Rebound in Motor Vehicle Production
US Manufacturing Output Unexpectedly Rises on Rebound in Motor Vehicle Production

U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods, though tariffs...

Canada's Annual Inflation Rises Less than Expected in August
Canada's Annual Inflation Rises Less than Expected in August

Canada's annual inflation rate rose 1.9% in August as gasoline prices on a yearly basis fell at a slower pace than in the previous month and...

US Online Holiday Sales Growth to Slow as Shoppers Tighten Budgets, Salesforce
US Online Holiday Sales Growth to Slow as Shoppers Tighten Budgets, Salesforce

U.S. online sales growth during the 2025 holiday season is expected to slow from last year, as price-conscious shoppers stay picky with their...

China Unveils Measures to Boost Services Consumption and Spur Growth
China Unveils Measures to Boost Services Consumption and Spur Growth

China on Tuesday unveiled measures to boost services consumption, pledging to further open sectors such as internet and culture and to encourage...

Sterling Rises against Dollar on Fed-BoE Policy Divergence
Sterling Rises against Dollar on Fed-BoE Policy Divergence

Sterling gained against the dollar on Tuesday, after weaker British jobs data did not shake investors' belief that the Bank of England would...

FTSE 100 Falls as Investors await UK, US Cenbank Meetings
FTSE 100 Falls as Investors await UK, US Cenbank Meetings

London's FTSE 100 index fell on Tuesday, as investors weighed mixed corporate updates and stayed cautious ahead of central bank meetings,...

India's Silver Imports to Gain Momentum from Strong Investment Demand
India's Silver Imports to Gain Momentum from Strong Investment Demand

India's silver imports are expected to gather momentum in the coming months, supported by stronger investment and industrial demand that has...

German Investor Morale Unexpectedly Rises in Sept, ZEW Finds
German Investor Morale Unexpectedly Rises in Sept, ZEW Finds

German investor expectations rose unexpectedly in September, the ZEW research institute said on Tuesday, in a sign of cautious optimism despite the...

Euro Zone Industrial Output Inches Up but Remains Weak
Euro Zone Industrial Output Inches Up but Remains Weak

Euro zone industrial production inched higher in July, confirming views that the sector is holding up despite trade tensions, even if its rate of...

China's Tencent Aims to Raise $1B Equivalent in Dim Sum Bonds, Sources
China's Tencent Aims to Raise $1B Equivalent in Dim Sum Bonds, Sources

Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of $1 billion in a three-tranche offshore yuan bond...

German Gas Storage at 75%, Operators Keep an Eye on Winter Supply
German Gas Storage at 75%, Operators Keep an Eye on Winter Supply

Germany has filled its natural gas storage facilities to levels that will meet the European Union's minimum requirements by November 1, but...

European Shares Dip, Banks and Insurers Pull Back ahead of Fed Decision
European Shares Dip, Banks and Insurers Pull Back ahead of Fed Decision

European shares slipped on Tuesday, led by rate-sensitive banks and insurers, as investors grew cautious ahead of the U.S. Federal Reserve's...

Hong Kong's June-August Unemployment Holds Steady at 3.7%
Hong Kong's June-August Unemployment Holds Steady at 3.7%

Hong Kong's seasonally adjusted unemployment rate held steady at 3.7% in June to August compared with the previous three-month period, with...

UK Grocery Inflation Slows Marginally in Sept, Worldpanel
UK Grocery Inflation Slows Marginally in Sept, Worldpanel

British grocery inflation edged down to 4.9% in the four weeks to September 7, according to data from Worldpanel by Numerator, offering only modest...

UK Jobs Market Slows again as Payrolls and Wage Growth Dip
UK Jobs Market Slows again as Payrolls and Wage Growth Dip

Britain's jobs market has lost more steam, according to official data, with employment falling for a seventh month in row and wage growth...

Gold Touches Record High as Fed Rate-Cut Hopes Dent Dollar
Gold Touches Record High as Fed Rate-Cut Hopes Dent Dollar

Gold scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve's policy meeting this week, where the U.S....

Oil Edges Up as Market Weighs Russia Supply Risk, US Rate Decision
Oil Edges Up as Market Weighs Russia Supply Risk, US Rate Decision

Oil prices edged up on Tuesday, extending previous session gains, as markets contemplated potential supply disruption from Russia after Ukrainian...

China's $19T Stock Market, once Called Uninvestable, Lures Foreigners again
China's $19T Stock Market, once Called Uninvestable, Lures Foreigners again

Foreign investors are plotting a return to China's stock markets in a big way three years after pulling back and terming them uninvestable,...

Asia Stocks Scale new Highs, USD Weakens as Investors Eye Fed Cut
Asia Stocks Scale new Highs, USD Weakens as Investors Eye Fed Cut

Asia stocks climbed on Tuesday while the dollar fell as investors bet the U.S. Federal Reserve would resume its easing cycle this week and...

Wall St Indexes End Higher ahead of Fed Meeting; Tesla and Alphabet Rally
Wall St Indexes End Higher ahead of Fed Meeting; Tesla and Alphabet Rally

The three major U.S. stock indexes closed higher on Monday with the S&P 500 and the Nasdaq notching intraday record high closes, as investors...

Smartphone Maker Nothing Raises $200M at $1.3B Valuation
Smartphone Maker Nothing Raises $200M at $1.3B Valuation

London-based smartphone maker Nothing on Tuesday raised $200 million from a group of investors led by Tiger Global at a valuation of $1.3 billion...

September 15, 2025
Alphabet Enters $3Tn Market Cap Club as Big Tech's AI Momentum Builds
Alphabet Enters $3Tn Market Cap Club as Big Tech's AI Momentum Builds

Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed optimism around artificial...

Mexico Launches 5-Billion-Euro Bond Issue to Partially Fund Pemex Bond Buyback
Mexico Launches 5-Billion-Euro Bond Issue to Partially Fund Pemex Bond Buyback

Mexico launched on Monday a three-tranche bond issue for up to 5 billion euros ($5.88 billion) to partially finance a $9.9 billion bond...

India and US to Hold Trade Talks, Raising Hopes for Reset
India and US to Hold Trade Talks, Raising Hopes for Reset

India and the United States will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald...

Novartis Signs Up to $5.7B Licensing Deal with Monte Rosa Therapeutics
Novartis Signs Up to $5.7B Licensing Deal with Monte Rosa Therapeutics

Swiss drugmaker Novartis and drug developer Monte Rosa Therapeutics agreed to an up to $5.7 billion licensing deal to develop treatments...

David Ellison Races to Rebuild Paramount's Mountain of Content
David Ellison Races to Rebuild Paramount's Mountain of Content

Hours after his company's merger with Paramount closed in August, CEO David Ellison's empire-building kicked into gear. His studio...

Intel Trims Full-Year Expense Outlook Following Altera Stake Sale
Intel Trims Full-Year Expense Outlook Following Altera Stake Sale

Intel said on Monday it has lowered its full-year 2025 adjusted operating expense target to $16.8 billion, from $17 billion earlier, to...

AstraZeneca, Strong Sterling Drag FTSE 100 Lower ahead of Key Cenbank Decisions
AstraZeneca, Strong Sterling Drag FTSE 100 Lower ahead of Key Cenbank Decisions

London's FTSE 100 index edged lower on Monday, dragged down by heavyweight AstraZeneca and a strong sterling, as invest ors braced for an...

Citgo Parent Auction nears Final Stages as Sale Hearing Kicks Off
Citgo Parent Auction nears Final Stages as Sale Hearing Kicks Off

A long-awaited sale hearing expected to complete a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S....

Gold Pauses for Breath as Investors Seek Fed Guidance
Gold Pauses for Breath as Investors Seek Fed Guidance

Gold was flat on Monday as investors refrained from placing big bets ahead of the U.S. Federal Reserve's policy meeting later this week, where...

Pound Firms Heading into Busy Week of Central Bank Decisions
Pound Firms Heading into Busy Week of Central Bank Decisions

Sterling gained against the dollar and the euro on Monday as investors braced for a week of pivotal central bank decisions in which the U.S....

Financials Lift European Shares to 3-Week High; Rubis Advances
Financials Lift European Shares to 3-Week High; Rubis Advances

European shares touched a three-week high on Monday, lifted by financials ahead of a pivotal week of central bank meetings, including the U.S....

India's Aug Palm Oil Imports Hit 1-yr High on Festive Demand, Price Advantage
India's Aug Palm Oil Imports Hit 1-yr High on Festive Demand, Price Advantage

India's palm oil imports jumped in August to their highest level in more than a year, as competitive pricing relative to soyoil prompted...

Aldi UK Commits $2.2 Billion to Ramp Up Store Expansion
Aldi UK Commits $2.2 Billion to Ramp Up Store Expansion

The British arm of German discounter Aldi said it would invest 1.6 billion pounds ($2.2 billion) over the next two years to accelerate store...

Indonesia Expects State Bank Funding to Spur Village co-op Programme
Indonesia Expects State Bank Funding to Spur Village co-op Programme

The Indonesian government expects the $12 billion it has moved to state banks to spark an acceleration in plans to set up 80,000 village...

UK and US to Announce Tech, Energy Deals During Trump Visit
UK and US to Announce Tech, Energy Deals During Trump Visit

The United States and Britain will announce agreements on technology and civil nuclear energy during U.S. President Donald Trump's...

Oil Extends Gains after Attacks on Russian Energy Facilities
Oil Extends Gains after Attacks on Russian Energy Facilities

Oil prices extended gains on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude...

UK govt, Industry to Invest over 1.1B Pounds in Maritime Sector
UK govt, Industry to Invest over 1.1B Pounds in Maritime Sector

The UK government and industry are planning to jointly invest over 1.1 billion pounds ($1.5 billion) in the maritime sector, the UK government said...

Swatch to Hike Prices in US after Tariffs, CEO Says
Swatch to Hike Prices in US after Tariffs, CEO Says

Swatch will hike its prices in the United States by between 5% and 15% after the 39% tariff President Donald Trump imposed on Switzerland last...

China's BYD says to 'Actively Respond' to Supplier Payment Initiative
China's BYD says to 'Actively Respond' to Supplier Payment Initiative

China's BYD said on Monday it would actively respond to an industry initiative that fleshes out rules on automakers making timely payments...

Stocks Hesitant in Asia, with a Lot Riding on Fed Decision
Stocks Hesitant in Asia, with a Lot Riding on Fed Decision

Asian shares steadied near four-year highs on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal...


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