Economic news

U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the...

BP said on Tuesday that company veteran Gordon Birrell will lead its upstream unit and Richard ​Harding will serve as interim head of...

Gold edged higher on Tuesday, rebounding ‌from a more than two-month low in the previous session, as a weaker dollar and falling oil prices...

Britain's competition regulator said on Tuesday it has formally started its review of Paramount Skydance's planned $110 billion...

Mexico's annual inflation rate decelerated for a ​second month in a row in May, ‌official data showed on Tuesday, returning to the higher...

Persistent weakness in the yen and an expected hawkish shift for the Federal Reserve after a hot jobs report in the U.S. are expected to add...

India's sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 ​metric tons this year, as soaring...

Indonesia's central bank unexpectedly raised interest rates by 25 ‌basis points on Tuesday, in a rare off-cycle move to try to stabilise...

China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers ​across the country,...

Sterling rose against the dollar ​and hit a two-week high versus the euro on Tuesday as risk appetite improved ‌and the U.S. currency eased on...

GSK has agreed to ‌buy U.S.-listed cancer drug developer Nuvalent for $10.6 billion in its largest deal in more than a decade,...

Taiwan's exports rose much more than expected in May to ​its second-highest monthly figure by value, as the ‌island reaps the benefits of...

UK's blue-chip FTSE 100 slipped ​on Tuesday, weighed by shares of GSK after the healthcare company announced ‌plans to acquire...

The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a ​deal to reopen the Strait of Hormuz against expectations of higher U.S....

SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked ​to Elon...

Asian stock markets rallied on Tuesday and oil prices fell ​back after Israel and Iran said they would halt attacks on each other for...

China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI ​boom,...

The Bank of Japan will consider maintaining the current pace of bond purchases beyond next fiscal year, sources said, pausing a taper process that...

U.S. sneaker brand New Balance's India partner, Brandman Retail, plans to more than quintuple its store count by 2028 and introduce ​brands...

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq ​and chipmakers as investors sought bargains after Friday's sharp...

June 8 (Reuters) - AI firm Perplexity is planning to go public in 2028 regardless of ​how the market receives the listings of Anthropic ‌and...

Data analytics software firm Databricks has discussed raising funds in ​a round that could begin next month and value it ‌at between $165...

China's car sales extended a downturn in May that has become a stress ​test for foreign automakers led by Volkswagen, which is trying to revive...

Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion ​compared with the year before, as the Middle East conflict drives ‌up...

 Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet ​period, backing the...

Packaged food maker ‌Campbell's reaffirmed annual forecast on Monday, after trimming it earlier this year, and said the...

Honeywell reaffirmed its annual adjusted profit ​and sales forecast on Monday, as it prepares ‌for a spinoff of its aerospace business in...

Johnson & Johnson said on Monday it will ​acquire biotech Firefly Bio for $1 ‌billion in cash, as it looks to expand its cancer drug...

Seoul resident Laura Byun has long preferred U.S. mutual funds over Korean shares, ​but the KOSPI's blistering rally changed that and her risk...

Nvidia's entry into the AI PC market with its RTX Spark superchip last week is less a breakthrough for regular users than a...

The Indian rupee reversed nearly all of the previous session's rally on Monday, pressured by rising oil ​prices, fragile risk appetite and...

Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened to a...

China's Tencent ‌Holdings is aiming to raise $4 billion via an imminent sale of both a U.S. dollar bond and an offshore yuan bond,...

Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 index beyond ​the 8,000 mark, citing...

Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle ​East hostilities and...

The pound neared its lowest level in ​nearly two months on Monday, largely because of the strength of the dollar, which benefitted from mounting...

German industrial orders ​fell more than expected in April, following a ‌strong increase in March, when companies brought forward orders amid...

South Korea's stock benchmark plunged over 8% on Monday, tripping circuit ​breakers, after robust U.S. jobs data lifted bets on a...

The dollar traded around its highest in nearly two months on Monday after a blowout ​U.S. jobs report prompted traders to ramp up bets on a Federal...

Gold prices extended losses ​on Monday to their lowest point in more than two months, on ‌fears of a U.S. rate hike following a strong jobs...

Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked ​shares on fears the bull run has gone too far, too fast and...

Italy's biggest bank Intesa Sanpaolo said on Monday its board had approved buying ​a 3.01% stake in insurer Generali ‌as part of...