Economic news


Wall St Rises for Day, Drops for Week; Yields, Iran in Focus

Wall St Rises for Day, Drops for Week; Yields, Iran in Focus

The main U.S. stock indexes closed higher on Friday but showed declines for the week, ​which was marked by investor jitters over fluctuating government bond yields and a lack of clarity on progress in the Middle East. The S&P 500 ‌and the tech-heavy Nasdaq snapped three-we...


August 24, 2026
Sterling Pauses After 4-Week Rally on US-Iran Risk
Sterling Pauses After 4-Week Rally on US-Iran Risk

The British pound ticked lower against the dollar on Monday, easing from a four-week rally and as investors braced for a wave of U.S....

China’s $119B Policy Fund Opens Applications Amid Lag
China’s $119B Policy Fund Opens Applications Amid Lag

China has opened applications for an 800 billion yuan ($119 billion) policy-based financing tool for local government projects to shore up slowing...

Shein Shrinks Value to Up to $27B in Hong Kong IPO
Shein Shrinks Value to Up to $27B in Hong Kong IPO

Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70% below its private-market peak four...

Dollar Pinned at Multi-Month Lows as Debt Nerves Weigh
Dollar Pinned at Multi-Month Lows as Debt Nerves Weigh

The U.S. ​dollar hovered near multi-month lows on Monday in a market unsettled by the U.S. Treasury's promise to buy back ‌more long-dated...

Shares, Oil Dip as US Sanctions on Iran Loom
Shares, Oil Dip as US Sanctions on Iran Loom

Global stocks slipped on Monday and oil prices ​eased as investors awaited details of threatened U.S. sanctions on Iran, while...

Alibaba Shares Slide After $10.2B AI Share Sale
Alibaba Shares Slide After $10.2B AI Share Sale

China's Alibaba shares slumped ​in Monday Hong Kong trade after it launched a $10.2 billion share sale at a sharp discount to fund its...

Gold hits over 3-mth high Ahead of US Data, Fed Speech
Gold hits over 3-mth high Ahead of US Data, Fed Speech

Gold prices hit their highest in ​more than three months on Monday as a subdued dollar lent ‌support, while focus shifted to key U.S....

Exxon, Lyondell Eye Shell US Assets for $8B, FT Says
Exxon, Lyondell Eye Shell US Assets for $8B, FT Says

Oil major Shell has drawn interest from potential bidders, including ExxonMobil and LyondellBasell, ​for its U.S. chemical assets that...

SE Asia Budget Airlines Eye Recovery, but Fuel Scars Linger
SE Asia Budget Airlines Eye Recovery, but Fuel Scars Linger

Southeast Asia's budget carriers are hoping the worst of the Middle ​East-driven fuel shock is behind them but face a difficult second half as...

India Shares Cautious on Iran Sanctions Concerns
India Shares Cautious on Iran Sanctions Concerns

Indian shares were little changed in early trade on Monday, extending the cautious undertone seen over the ​last two weeks, ahead of details about...

August 21, 2026
European Stocks Gain, Inflation Worries Drive Weekly Decline
European Stocks Gain, Inflation Worries Drive Weekly Decline

European shares advanced on Friday, as investors focused on signs of economic resilience, though the benchmark index ended ‌the week lower,...

VW Needs Deep Cuts to Stay Competitive, CEO Says
VW Needs Deep Cuts to Stay Competitive, CEO Says

Volkswagen CEO Oliver Blume warned on ‌Friday that the car sector's problems would only intensify in the coming years, arguing deep cost...

YMTC Parent Targets $4.9 Billion in Shanghai IPO
YMTC Parent Targets $4.9 Billion in Shanghai IPO

CCSH Corporation, the parent of Chinese flash-memory chipmaker Yangtze Memory Technologies Co, has taken a major step towards ‌a Shanghai...

Canada Retail Sales Rise 0.6% in June, StatsCan Says
Canada Retail Sales Rise 0.6% in June, StatsCan Says

Canada's retail sales rose 0.6% in June, beating an average analyst expectation of ​0.4%, as sales jumped at clothing and general merchandise...

Traders are Bracing for an Increasingly Hawkish ECB
Traders are Bracing for an Increasingly Hawkish ECB

Money markets are bracing for an increasingly hawkish European Central Bank, wagering that geopolitical tensions will complicate ​its inflation...

India Forex Reserve Hits 6-Month High on Capital Inflows
India Forex Reserve Hits 6-Month High on Capital Inflows

India's foreign exchange reserves climbed to $716.9 billion, their highest levels in about six months as ​of the week to August 14, data...

Gold Hits 3-Month High on Weak Dollar and Technical Support
Gold Hits 3-Month High on Weak Dollar and Technical Support

Gold was set to rise ​for a third consecutive week on Friday, scaling an over three-month high and breaching its ‌200-day moving average,...

China to Revise Regulations for Outbound Investment
China to Revise Regulations for Outbound Investment

China will revise measures for managing outbound investment to better ​protect investors' rights and assets and fend ‌off risks overseas,...

Ross Stores Jumps after Raising Full-Year Profit Guidance
Ross Stores Jumps after Raising Full-Year Profit Guidance

Ross Stores' shares surged nearly 9% in premarket trading on Friday, after the value retailer raised annual guidance and projected...

Pound Extends Rally on Firm Rate-Hike Bets, Subdued Dollar
Pound Extends Rally on Firm Rate-Hike Bets, Subdued Dollar

The British pound was on track for its fourth consecutive ‌weekly gain on Friday, helped by a feeble dollar and recent economic momentum that...

FTSE 100 Subdued at the End of Volatile Week
FTSE 100 Subdued at the End of Volatile Week

  The FTSE 100 was set to end a bumpy week on a subdued note, as investors weighed mixed economic data on Friday against a backdrop of...

India's ICICI Bank Doubles Overseas Borrowing Limit to $5B
India's ICICI Bank Doubles Overseas Borrowing Limit to $5B

India's ICICI Bank said on ​Friday its board approved doubling ‌the limit for overseas borrowings to $5 billion, as the country's...

UK Posts Unexpected Budget Deficit in July as Spending Rises
UK Posts Unexpected Budget Deficit in July as Spending Rises

 Britain's government recorded an unexpected budget deficit last month, a reminder of the financial constraints facing new finance...

UK Services Perk Up in Aug, Adding to Resilience Signs
UK Services Perk Up in Aug, Adding to Resilience Signs

Britain's services sector, the engine of its economy, perked up unexpectedly this month, according to a survey on Friday that added to signs of...

Oil Set for 2nd Weekly Gain as US Ramps Up Iran Pressure
Oil Set for 2nd Weekly Gain as US Ramps Up Iran Pressure

Oil prices ‌edged lower on Friday but were on track for a second straight weekly gain after the United States threatened to...

Dollar Wobbles as Treasury Buybacks Raise Fresh Concerns
Dollar Wobbles as Treasury Buybacks Raise Fresh Concerns

The dollar slipped on Friday ​and was set to end a bumpy week lower, as investors questioned whether the U.S. Treasury's ‌efforts to calm...

British Retail Sales Slip in July after World Cup Boost
British Retail Sales Slip in July after World Cup Boost

British retail sales fell back as expected in July after a surge in June when hot weather boosted demand for fans and air conditioners and...

Japan Core Inflation Rises in July, Supports Rate Hike Case
Japan Core Inflation Rises in July, Supports Rate Hike Case

Japan's core consumer inflation accelerated ​in July from a year earlier as firms passed on rising import costs from a weak yen ‌and the...

Indian Appliance Maker Atomberg Technologies Files for IPO
Indian Appliance Maker Atomberg Technologies Files for IPO

Indian appliances maker Atomberg Technologies has filed for an initial public offering comprising a fresh issue ​of shares worth up to 4.5 billion...

Ping An H1 Profit Jumps 36% on Asset Management Boost
Ping An H1 Profit Jumps 36% on Asset Management Boost

China's Ping An Insurance reported a better-than-expected rise of 36% year-on-year in first-half net profit, as ‌buoyant capital...

Asia Shares Downbeat for Week as Bond Yields, Oil Stay High
Asia Shares Downbeat for Week as Bond Yields, Oil Stay High

Most Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while diplomatic...

India's August Private Sector Growth Recovers Slightly from over 4-yr Low, PMI
India's August Private Sector Growth Recovers Slightly from over 4-yr Low, PMI

India's private sector activity edged slightly higher in August from an over four-year low as a rebound in services ​growth offset the weakest...

Abbott to Pay $670M to Settle Preterm Infant Formula Cases
Abbott to Pay $670M to Settle Preterm Infant Formula Cases

Abbott said on Thursday it reached a $670 million settlement to partially resolve the ongoing ​litigation over alleged harms linked to its...

Canada Says US Trade Deal Is 'Very Close,' More Work Needed
Canada Says US Trade Deal Is 'Very Close,' More Work Needed

Canada ‌and the United States are "very close" to agreeing a trade deal that could help reduce months of tariffs and...

Walmart Sales Slowdown Tests Consumer, Shares Slide 9%
Walmart Sales Slowdown Tests Consumer, Shares Slide 9%

Walmart on Thursday reported its slowest quarterly comparable sales growth in six years ​and warned shoppers were likely being squeezed by...

August 20, 2026
Europe's STOXX 600 Slips on Inflation Fears
Europe's STOXX 600 Slips on Inflation Fears

European shares inched lower on Thursday, as elevated oil prices kept inflation worries alive, while a recovery in global bonds after a U.S....

Deere Raises 2026 Profit View on AI Boom, Shares Jump
Deere Raises 2026 Profit View on AI Boom, Shares Jump

Deere, the world's largest farm equipment manufacturer, raised its full-year ‌net income forecast on Thursday and posted its first rise in...

China US Rare Earth Exports Rise for Aerospace Sector
China US Rare Earth Exports Rise for Aerospace Sector

Chinese exports of rare earth yttrium to the U.S. rose in July, Chinese customs data showed on Thursday, possibly giving ​some reprieve to U.S....

US Could Cut Key Tariffs in Proposed Canada Deal, Source
US Could Cut Key Tariffs in Proposed Canada Deal, Source

The ​U.S. and Canada are closing in on a trade deal in which Washington could cut some contentious tariff rates on Canadian-built cars...

UK Statistics Office Revises Up 2023, 2024 Growth Estimates
UK Statistics Office Revises Up 2023, 2024 Growth Estimates

Britain's statistics office said on Thursday that the economy grew slightly faster in 2023 and 2024 than previously thought, making ​economic...

AI Productivity May Not Curb Inflation, IMF Official Warns
AI Productivity May Not Curb Inflation, IMF Official Warns

Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund's new chief...

UK Factory Orders Show Best Performance since Nov 2024, CBI
UK Factory Orders Show Best Performance since Nov 2024, CBI

A gauge of British factory orders rose this month to reach its highest level since November ​2024, adding to wider signs of resilience in ‌the...


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