Economic news


Schneider to Buy US Software Firm PTC in $22.6B Deal

Schneider to Buy US Software Firm PTC in $22.6B Deal

France's Schneider Electric struck its ​biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal ‌valuing the US software company's equity at around $22.6 billion, it said in a statement. The $205-per-share offer implies an enterprise value of $23.7 billion for ...


October 5, 2026
Hong Kong Stocks Edge Up; AI Shares Offset Property Weakness
Hong Kong Stocks Edge Up; AI Shares Offset Property Weakness

Hong Kong stocks edged up in light trading on Monday, as optimism in ​AI-related stocks outweighed selling pressure in property shares. ** At...

Euro at 17-Month Low, Dollar near pre-Liberation Day Highs
Euro at 17-Month Low, Dollar near pre-Liberation Day Highs

The euro slid to a 17-month low against the dollar ​on Monday as concerns about France's ability to rein in its budget deficit and a sharp bond...

BT Steps in to Rescue Troubled Rival TalkTalk
BT Steps in to Rescue Troubled Rival TalkTalk

Britain's BT ‌Group acquired TalkTalk's consumer and wholesale businesses out of administration, it said on Monday, in a bid to...

Takaichi Pledges Fiscal Discipline, Japan's Debt Bill Rises
Takaichi Pledges Fiscal Discipline, Japan's Debt Bill Rises

Japanese Prime Minister Sanae ​Takaichi on Monday pledged to "control" bond issuance and act swiftly against market turbulence, seeking...

Euro Pummelled by France's Debt Burden; Stocks Mixed
Euro Pummelled by France's Debt Burden; Stocks Mixed

Asian stocks made brisk gains on Monday as investors pared back expectations of a Federal Reserve rate hike this month, while the ​euro sank to a...

India IT Stocks Gain as Accenture Outlook Lifts Sentiment
India IT Stocks Gain as Accenture Outlook Lifts Sentiment

India's Nifty IT Index rose roughly 1.6% on Monday after ​IT services firm Accenture forecast stronger-than-expected annual revenue...

Bayer to Invest $2.2 Billion in new US Pharma Site
Bayer to Invest $2.2 Billion in new US Pharma Site

Bayer's pharmaceuticals unit on Friday unveiled plans to invest $2.2 billion in a new manufacturing ​site in New Albany, Ohio, part of a...

Gaw Capital Seeks HK Listing for Real Estate Debt Fund
Gaw Capital Seeks HK Listing for Real Estate Debt Fund

Gaw Capital plans to list a new Hong Kong fund that will ​invest in private loans backed by property ‌assets across Asia Pacific and the...

Saudi Cuts Nov Oil Prices to Asia to 6-Year Lows
Saudi Cuts Nov Oil Prices to Asia to 6-Year Lows

Saudi Arabia unexpectedly cut its oil prices for sale to Asia in ‌November to six-year lows while raising them for northwest Europe and the...

OPEC+ Agrees to Keep November Oil Output Targets Steady
OPEC+ Agrees to Keep November Oil Output Targets Steady

OPEC+ agreed to keep oil production ‌targets steady for November at a meeting on Sunday, the producer group said, in line with expectations...

October 2, 2026
US Sept Job Growth Misses Forecast, Labor Market Stable
US Sept Job Growth Misses Forecast, Labor Market Stable

US job growth slowed more than expected in September and the nonfarm payrolls count for the prior two months was revised sharply lower, almost...

Gold Heads for Weekly Drop on Strong Dollar, High Yields
Gold Heads for Weekly Drop on Strong Dollar, High Yields

Gold prices ​fell on Friday, reversing earlier gains, as a stronger dollar and elevated US ‌Treasury yields weighed on the non-yielding metal,...

Global Bond Selloff Drives Up Mortgage Costs for UK Buyers
Global Bond Selloff Drives Up Mortgage Costs for UK Buyers

For five years, the interest ​rate on Richard Merrett's mortgage was locked at 1.14%, but with that ultra-cheap deal due to expire in early...

Stan Chartered Joins Banks Betting on Dec ECB Rate Hike
Stan Chartered Joins Banks Betting on Dec ECB Rate Hike

Standard Chartered expects the European Central Bank to raise its deposit rate by 25 ​basis points to 2.75% in December, reversing its...

Global Shares, Bonds Gain as Oil Drops, Jobs Data Misses
Global Shares, Bonds Gain as Oil Drops, Jobs Data Misses

Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell, while weaker-than-forecast US jobs data...

Oil Drops Over $3 on Talks Over Diesel, Crude Stock Releases
Oil Drops Over $3 on Talks Over Diesel, Crude Stock Releases

Oil prices fell more than $3 and European gasoil ​futures dropped over 4% on Friday after reports of talks in Europe on additional diesel and...

UK Sept Car Sales Rise 12% as EVs, Chinese Brands Gain
UK Sept Car Sales Rise 12% as EVs, Chinese Brands Gain

Britain's new car registrations rose 12% in September ‌from a year earlier to their highest level for the month since 2017, helped by...

Poland Fuel Cap May Ease Pressure on Central Bank to Tighten
Poland Fuel Cap May Ease Pressure on Central Bank to Tighten

A ​fuel price cap introduced following the Polish president's decision to approve a windfall tax ‌on energy firms will lower inflation...

Nuveen Buys Schroders, Creating $2.6T Investment Group
Nuveen Buys Schroders, Creating $2.6T Investment Group

U.S. asset manager Nuveen said ​on Thursday it ‌had completed its acquisition of British ​fund manager Schroders, ​creating a...

London Shares Recover as Bond Sell-Off Eases, Oil Slips
London Shares Recover as Bond Sell-Off Eases, Oil Slips

The UK's FTSE ​100 rebounded on Friday, as easing oil and bond yields ‌helped allay inflation concerns after a global bonds sell-off...

German Govt to Raise Forecasts Due to Strong H1, Source Says
German Govt to Raise Forecasts Due to Strong H1, Source Says

The main driver behind the German government's raised economic forecasts is an ​unexpectedly strong performance of the German economy in...

Hong Kong August Retail Sales Rise 5.6%
Hong Kong August Retail Sales Rise 5.6%

Hong Kong's August retail sales value jumped 5.6% from ​a year earlier to HK$32.1 billion ($4.09 billion) for ‌a 16th month of gains,...

Hedge Funds Struggle for Sept Gains as Rate, AI Swings Bite
Hedge Funds Struggle for Sept Gains as Rate, AI Swings Bite

Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices ​and sharp swings in AI shares...

UK Firms See Smaller Price Rises, Steady Wages, BoE Shows
UK Firms See Smaller Price Rises, Steady Wages, BoE Shows

British firms expect to raise their prices slightly ​less quickly in the coming ‌12 months, a survey published by the Bank of England on...

Equities Rebound to Close Higher as Treasury Yields Recede
Equities Rebound to Close Higher as Treasury Yields Recede

US stocks recovered from early losses to close slightly higher on Thursday, with the ​S&P 500 bouncing from a two-week low as a global bond...

GM Hangs on to US Sales Crown, but Toyota Closes In
GM Hangs on to US Sales Crown, but Toyota Closes In

General Motors remained the top US auto seller during the third quarter despite a dip in sales, but ​Toyota Motor continued chipping away...

McCormick Price Hikes Boost Results Despite Slow Demand
McCormick Price Hikes Boost Results Despite Slow Demand

McCormick reported higher quarterly sales ‌and profit on Thursday, as pricier seasonings and sauces helped cushion the blow from weaker...

October 1, 2026
Rupee Drops to 2-Month Low as Global Bond Rout Deepens
Rupee Drops to 2-Month Low as Global Bond Rout Deepens

The Indian rupee dropped to its weakest level in two months as global bond yields surged to ​decadal highs and oil prices jumped, deepening...

Global Bonds Hit by Fiscal Fears; US 10Y Yield at 24Y High
Global Bonds Hit by Fiscal Fears; US 10Y Yield at 24Y High

Global bonds were engulfed in another sell-off on Thursday, squeezing already pressured government finances, as borrowing costs ‌from the US...

AI Adoption Stalls as Firms Struggle to Scale, Study Shows
AI Adoption Stalls as Firms Struggle to Scale, Study Shows

Only 13% of companies were on track with their AI initiatives, as regulatory ​hurdles and integration with legacy IT systems ‌slowed...

French Manufacturing Expands at Slower Pace in Sept, PMI
French Manufacturing Expands at Slower Pace in Sept, PMI

France's manufacturing sector expanded for a second straight month in September, although the pace of ​growth slowed as new orders fell, a...

Euro Zone Factory Growth Accelerates Again in September, PMI
Euro Zone Factory Growth Accelerates Again in September, PMI

Factory growth in the euro zone continued its upward march in September, hitting its fastest rate in more than four years, as resilient demand...

German Manufacturing Upturn Holds Firm in September, PMI
German Manufacturing Upturn Holds Firm in September, PMI

Germany's manufacturing sector sustained its upturn in September as production levels and new ​orders once again registered strong growth...

S.Korean Shares End nearly 2% Higher on Record Chip Exports
S.Korean Shares End nearly 2% Higher on Record Chip Exports

Round-up of South Korean financial markets: ​South Korean shares recouped early losses to end nearly 2% higher on ‌Thursday, led by gains...

Citi Lifts Bitcoin, Ether Targets on Strong Crypto Activity
Citi Lifts Bitcoin, Ether Targets on Strong Crypto Activity

Citigroup raised its 12-month forecasts for bitcoin and ether, citing stronger crypto activity, a ​supportive macroeconomic backdrop and a...

UK Annual House Price Growth Weakest Since Dec 2025
UK Annual House Price Growth Weakest Since Dec 2025

British annual house prices rose at their weakest annual pace since December 2025 last ​month and unexpectedly fell 0.2% on the month, in a sign...

Tech Stocks Rise on Micron, but Treasury Rout Weighs
Tech Stocks Rise on Micron, but Treasury Rout Weighs

Asian technology stocks rose on Thursday boosted by blockbuster earnings from ​AI chipmaker Micron, although US bonds struggled...

Asian Factory Activity Expands Thanks to Global AI Boom
Asian Factory Activity Expands Thanks to Global AI Boom

Factory activity across Asia expanded in September thanks to the global ‌AI boom, private surveys showed on Thursday, offering some relief to...

US Q2 GDP Revised Higher amid Robust Consumer Spending
US Q2 GDP Revised Higher amid Robust Consumer Spending

The US economy grew at a solid clip in the second quarter, driven by robust consumer spending and business investment related to the buildout of AI...

S&P 500 Dips, Nasdaq Up; Inflation Rise Matches Expectations
S&P 500 Dips, Nasdaq Up; Inflation Rise Matches Expectations

Nasdaq climbed on Wednesday and the S&P 500 dipped, but both indexes notched their second straight quarterly gains, as a...

Huawei Unveils Mate 90 Series, Leaning on Homegrown Chips
Huawei Unveils Mate 90 Series, Leaning on Homegrown Chips

Huawei Technologies [RIC:RIC:HWT.UL] unveiled its Mate 90 smartphone series on Thursday, betting on ​its in-house operating system and redesigned...

US Aug Inflation Below Forecast, Gives Fed Breathing Room
US Aug Inflation Below Forecast, Gives Fed Breathing Room

US inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely...


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