Economic news


Dollar Pulls Back, Focus Turns to Busy Cenbank Week amid Mideast War

Dollar Pulls Back, Focus Turns to Busy Cenbank Week amid Mideast War

The dollar pulled back from 10-month peaks ​on Monday in a tentative start to a week that brings a slew of central bank meetings held under the shadow ‌of the U.S.-Israel war on Iran. The U.S. Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japa...


March 16, 2026
European Shares Snap 3-Day Losing Streak, Oil Prices Retreat
European Shares Snap 3-Day Losing Streak, Oil Prices Retreat

European shares rebounded after an early wobble on Monday as oil prices eased, ‌offering some relief to investors stung by the escalating...

US Manufacturing Output Increases; Homebuilder Sentiment Ticks Up
US Manufacturing Output Increases; Homebuilder Sentiment Ticks Up

U.S. factory production increased marginally in February as manufacturing remained constrained by tariffs on imports, and the conflict in...

Bank of Russia to Cut Benchmark Rate by 50 bps amid Iran War Uncertainty, Analysts
Bank of Russia to Cut Benchmark Rate by 50 bps amid Iran War Uncertainty, Analysts

The Russian central bank is likely to cut its benchmark interest ​rate by 50 basis points to 15% at a meeting on March 20 as a ‌spike in...

ZAR Gains as Softer USD Offsets Reduced Fed Cut Hopes
ZAR Gains as Softer USD Offsets Reduced Fed Cut Hopes

The South African rand strengthened on Monday, ‌as a softer dollar helped offset fading hopes of a near-term interest rate cut by the ​U.S....

Canada's Annual Inflation Rate Eases to 1.8% on Base Year Effect
Canada's Annual Inflation Rate Eases to 1.8% on Base Year Effect

Canada's ​annual inflation rate fell to 1.8% in February, driven by base year effects as prices ‌in the same period a year ago had risen...

UK Consumers Hit by Worries over War in Iran
UK Consumers Hit by Worries over War in Iran

British consumers have turned their least confident since the start of last year following ​the outbreak of war in the Middle East, financial...

Pound Edges Up as Investors Focus on Middle East and BoE
Pound Edges Up as Investors Focus on Middle East and BoE

The pound rose ​for the first time in a week on Monday, but uncertainty over the ‌longer-term impact on global growth and inflation from...

Pound is March's Surprise European Currency Outperformer, for Now
Pound is March's Surprise European Currency Outperformer, for Now

The pound is Europe's surprise currency market winner of the Iran war-induced market turmoil, supported by surging British short-term...

INR Averts Record Low on State-Run Banks' USD Sales; Oil Worries Persist
INR Averts Record Low on State-Run Banks' USD Sales; Oil Worries Persist

The Indian rupee was pinned near its all-time low on Monday, averting losses largely on the back ​of likely central bank intervention, via...

FTSE 100 Flat as Energy Gains Offset Broader Weakness
FTSE 100 Flat as Energy Gains Offset Broader Weakness

London's FTSE 100 was little changed on Monday, as gains ‌in energy shares offset weakness in other sectors amid Middle East tensions,...

UniCredit Launches Low-Premium Bid for Commerzbank in Effort to Secure Talks
UniCredit Launches Low-Premium Bid for Commerzbank in Effort to Secure Talks

UniCredit's Commerzbank tie-up plans have met with opposition UniCredit expects low take-up up of bid given small premium Aim of offer is to...

India's Trade Gap Shrinks before Middle East Turmoil Disrupts Commerce
India's Trade Gap Shrinks before Middle East Turmoil Disrupts Commerce

India's merchandise ‌trade deficit narrowed in February as imports eased from a month earlier, though economists have warned that the...

Stock Markets Cautious, Oil Gains on Hormuz Doubts; Traders await Cbanks
Stock Markets Cautious, Oil Gains on Hormuz Doubts; Traders await Cbanks

Investors were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, clouding an inflation outlook that should...

Gold Falls as Inflation Fears Pressure Fed Rate-Cut Outlook
Gold Falls as Inflation Fears Pressure Fed Rate-Cut Outlook

Gold prices dipped on Monday, ‌pressured by concerns that surging oil costs could stoke inflation further and prompt a more hawkish policy...

Oil Rises, Attacks on Middle East Export Facilities Continue
Oil Rises, Attacks on Middle East Export Facilities Continue

Oil prices ‌rose on Monday as the U.S.-Israeli war on Iran continued to disrupt oil production and shipping in the Middle East, despite U.S....

Micron Plans 2nd Chip Facility at Newly Acquired Taiwan Site
Micron Plans 2nd Chip Facility at Newly Acquired Taiwan Site

U.S. memory chipmaker Micron Technology ​said on Monday it ‌plans to build a second manufacturing facility in ​Taiwan at the Tongluo site...

Foxconn's Profit Lags Estimates, it Forecasts Strong Revenue Growth
Foxconn's Profit Lags Estimates, it Forecasts Strong Revenue Growth

Taiwan's Foxconn, ​the world's largest contract electronics maker, said on Monday it expected strong revenue growth in the first quarter...

Bank of England to Play for Time, War Brings Inflation Heat
Bank of England to Play for Time, War Brings Inflation Heat

The Bank of England will choose its words even more carefully than usual this week ​alongside its expected decision to delay an interest rate cut...

Wall St Closes Lower, Posts Weekly Loss as War on Iran Fuels Inflation Worries
Wall St Closes Lower, Posts Weekly Loss as War on Iran Fuels Inflation Worries

U.S. stocks ended down on Friday, capping a week in ‌which erratic crude oil prices whipsawed equities, as investors gauged how the war in...

Energy Supply Worries to Keep INR, Bonds under Strain
Energy Supply Worries to Keep INR, Bonds under Strain

The Indian rupee and government bonds face another tough week as the Iran war disrupts global energy supplies and weakens investor demand for...

Warner Bros' Oscar Triumph Bittersweet Moment as Paramount Deal Looms
Warner Bros' Oscar Triumph Bittersweet Moment as Paramount Deal Looms

Warner Bros emerged as the biggest winner at the Academy Awards on Sunday, ​though the mood was clouded by its pending $110 billion sale to...

JD.com Launches Joybuy in Europe, Targeting Amazo
JD.com Launches Joybuy in Europe, Targeting Amazo

Chinese e‑commerce giant JD.com on Monday launched its ​Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium...

March 13, 2026
California Hit by much Higher Oil Prices as Iran War Stresses Refiners
California Hit by much Higher Oil Prices as Iran War Stresses Refiners

Fuel costs in California are soaring even more than in the rest of the U.S. due to several unique factors, with fallout from the war ​in...

US Tobacco Regulator Treads Carefully on Vapes with Licence for Glas e-Cigarettes
US Tobacco Regulator Treads Carefully on Vapes with Licence for Glas e-Cigarettes

The U.S. Food ​and Drug Administration this week granted a licence for sale for one more vape brand, ‌but only in tobacco flavour, according...

Adobe Shares Drop as CEO Exit Fans Uncertainty over AI Strategy
Adobe Shares Drop as CEO Exit Fans Uncertainty over AI Strategy

Adobe's battered shares fell another 6% on Friday as news that the Photoshop maker's long-time CEO would step down cast fresh doubts ​over...

Brent Crosses $100/bbl as Tanker Path Corrected
Brent Crosses $100/bbl as Tanker Path Corrected

Brent crude climbed past $100 a barrel on Friday as it became clear an Indian tanker ​did not sail through the Strait of Hormuz but had departed...

Euro Zone Industry Takes Hit even before High Energy Costs Bite
Euro Zone Industry Takes Hit even before High Energy Costs Bite

Euro zone industrial production unexpectedly shrunk ​in January as most of the bloc's biggest countries recorded declines, casting doubt on the...

US Farmers Rush to Sell Crops as Iran War Fuels Rally
US Farmers Rush to Sell Crops as Iran War Fuels Rally

U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last...

Honda's $15.7B EV Writedown is Painful, China Challenges Loom Down Road
Honda's $15.7B EV Writedown is Painful, China Challenges Loom Down Road

Honda's $15.7 billion writedown of its electric vehicle business is not just a painful reversal of its strategy for the U.S.; it also...

Hong Kong Proposes Easing Rules for Dual-Class Share Listings in Competitiveness Push
Hong Kong Proposes Easing Rules for Dual-Class Share Listings in Competitiveness Push

Hong Kong's stock exchange has proposed lowering market value thresholds for companies seeking to use a dual-class share structure - a move...

Chinese new Loans Slump more than Expected as Weak Demand Persists
Chinese new Loans Slump more than Expected as Weak Demand Persists

New bank lending in China slumped far more than expected in February, retreating sharply from a seasonally strong start to the year as weak credit...

Gold Set for 2nd Weekly Loss on Reduced Rate Cut Bets, Higher USD, Yields
Gold Set for 2nd Weekly Loss on Reduced Rate Cut Bets, Higher USD, Yields

Gold was on track for a second straight weekly loss, even as ‌it edged higher on Friday, as surging oil prices dampened rate cut bets and...

Didi Reports Q4 Loss of $43 mln amid Overseas Expansion Push
Didi Reports Q4 Loss of $43 mln amid Overseas Expansion Push

Didi Global reported on Friday a net loss for the fourth quarter, ​as China's largest ride-hailing platform ramped up its international...

China February new Loans Drop to 900B Yuan, Miss Forecasts
China February new Loans Drop to 900B Yuan, Miss Forecasts

China's banks extended 900 billion yuan ($130 ​billion) in new yuan loans ‌in February, plunging from 4.71 trillion yuan in January and...

US Issues 30-Day Sanctions Waiver for Purchase of Russian Oil at Sea
US Issues 30-Day Sanctions Waiver for Purchase of Russian Oil at Sea

The United ​States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what...

USD on Track for 2nd Weekly Rise; EUR, JPY at Multi-Month Lows
USD on Track for 2nd Weekly Rise; EUR, JPY at Multi-Month Lows

The U.S. dollar was on course for a second consecutive weekly gain on Friday as the war in the Middle East drove investors towards safe-haven...

Oil Heads for Weekly Gains Despite US Sanctions Waiver on Russian Oil
Oil Heads for Weekly Gains Despite US Sanctions Waiver on Russian Oil

Oil prices headed for weekly gains as ​of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for...

Apple Cuts China App Store Commission Fees on Govt Pressure
Apple Cuts China App Store Commission Fees on Govt Pressure

Apple said on Thursday it would lower the commission fees collected by the company from its App Store in ​mainland China in a huge win for...

India Car Sales to Dealers Rise for 5th mth in Feb, Industry Body Says; Mideast Risks Loom
India Car Sales to Dealers Rise for 5th mth in Feb, Industry Body Says; Mideast Risks Loom

India's domestic car dispatches to dealers rose for the fifth straight month in February, data from an industry ​body showed on Friday, helped...

Asian Stocks Fall as Iran War Keeps Oil at $100, Upends Rate Outlook
Asian Stocks Fall as Iran War Keeps Oil at $100, Upends Rate Outlook

Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution ​to the U.S. and Israel's...

Chinese Banks Boost Loans to Tech Sector as Beijing Ramps Up AI Push
Chinese Banks Boost Loans to Tech Sector as Beijing Ramps Up AI Push

Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing's pledge to...

Iran War Casts Shadow over HSBC and StanChart Middle East Ambitions
Iran War Casts Shadow over HSBC and StanChart Middle East Ambitions

Just days before the U.S. and Israel launched strikes on Iran, HSBC's CEO Georges ​Elhedery said the Asia-Middle East corridor was...


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