Economic news


Oil Gains as Talks to End US-Iran War Remain Uncertain

Oil Gains as Talks to End US-Iran War Remain Uncertain

Oil prices rose on Tuesday as a diplomatic ‌resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted. Front-month Brent futures rose $1.04, or 1.24%, to $84.81 a barrel by 0800 GMT after dropping 7% in the previous ses...


August 4, 2026
European Stocks Hit Record High on Earnings, Tech Surge
European Stocks Hit Record High on Earnings, Tech Surge

European ​shares hit an all-time high on Tuesday, as gains in technology stocks and a ‌slate of corporate earnings updates helped shift focus...

Zalando Set for Record Daily Drop on Weak Growth Outlook
Zalando Set for Record Daily Drop on Weak Growth Outlook

European online fashion retailer Zalando on Tuesday forecast 2026 revenue and growth to land in the lower half of its previously guided range...

Bending Spoons Buys Airtable for $1.3B in Post-IPO Deal
Bending Spoons Buys Airtable for $1.3B in Post-IPO Deal

Bending Spoons has agreed to buy Airtable in an all-cash deal ​valuing the U.S. software firm at $1.285 ‌billion, the companies said on...

Hugo Boss Beats Q2 Profit Estimates, Keeps Full-Year View
Hugo Boss Beats Q2 Profit Estimates, Keeps Full-Year View

Aug 4 (Reuters) - German fashion group Hugo Boss reported second-quarter operating profit ahead ‌of expectations on Tuesday and confirmed...

FTSE 100 Gains as BP and Miners Advance
FTSE 100 Gains as BP and Miners Advance

London's FTSE 100 rose on Tuesday, buoyed by strong results from blue-chip company BP and a surge in metal miners as commodity prices...

Rupee Nudges Higher as Inflows Face Importer Hedging Drag
Rupee Nudges Higher as Inflows Face Importer Hedging Drag

The Indian rupee logged modest gains on Tuesday, supported by dollar sales by foreign banks, although gains ​were capped on account of importer...

HSBC Restarts Buybacks as Rates, Wealth Boost H1 Profit
HSBC Restarts Buybacks as Rates, Wealth Boost H1 Profit

HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by ‌revenue growth in...

Bank of Korea Board Sees More Rate Hikes, Minutes Show
Bank of Korea Board Sees More Rate Hikes, Minutes Show

Board members of South Korea's central bank said they would carefully determine the timing and pace of any ​further policy tightening, with...

Gold Steady Amid Mideast Turmoil; US Jobs Data in Focus
Gold Steady Amid Mideast Turmoil; US Jobs Data in Focus

Gold nudged higher on ​Tuesday as investors weighed mixed signals on potential U.S.-Iran talks and awaited ‌a series of U.S. labour market...

Asia Stocks Struggle for Direction, Oil Moves Higher
Asia Stocks Struggle for Direction, Oil Moves Higher

Asian markets were choppy on Tuesday as investors weighed whether strong U.S. corporate earnings would boost ‌AI-related stocks in the region,...

Wall St rallies, Dow Closes at Record on Iran Talks Optimism
Wall St rallies, Dow Closes at Record on Iran Talks Optimism

U.S. stocks kicked off ​August on a strong note to send the Dow Industrials to a closing record high, as signs of de-escalating U.S.-Iran tensions...

Londian Wason Eyes $1.7 Billion Valuation in US IPO
Londian Wason Eyes $1.7 Billion Valuation in US IPO

Londian Wason New Energy Tech is targeting a valuation of up to $1.7 billion ​in its U.S. initial public offering, the copper foil maker said...

August 3, 2026
Tyson Cuts Outlook as Tight Cattle Supply Hurts Beef Unit
Tyson Cuts Outlook as Tight Cattle Supply Hurts Beef Unit

Tyson Foods lowered its ​annual profit forecast on Monday, warning that losses in its beef business would widen as tight U.S. ‌cattle...

Visa Boosts Cybersecurity with $2.4B BioCatch Deal
Visa Boosts Cybersecurity with $2.4B BioCatch Deal

Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion ​in cash, marking the card giant's latest effort to...

JPMorgan Aims to Funnel $750 bln into Housing Through 2035
JPMorgan Aims to Funnel $750 bln into Housing Through 2035

JPMorgan said on Monday it was planning to deploy more than $750 billion into ​housing through 2035, in a push to increase supply ‌and...

Robinhood's 2nd Private Markets Fund Targets $200M US IPO
Robinhood's 2nd Private Markets Fund Targets $200M US IPO

A newly minted venture fund run by Robinhood for investing in early-stage companies is aiming to raise as much ​as $200 million in its U.S....

US Shakes FX Markets with Talk of Yen-Buying via Euros
US Shakes FX Markets with Talk of Yen-Buying via Euros

Traders grappling with an already rare co-ordinated U.S.-Japanese action to prop up the weak yen are also digesting a further ​unusual dynamic: the...

Bank Indonesia Urges More Bank Lending, Acting Chief Says
Bank Indonesia Urges More Bank Lending, Acting Chief Says

A new policy announced recently by the Indonesian central ‌bank is intended to discourage commercial banks from placing excess liquidity in...

Allegiant Pilots Ratify Two-Year Deal with Carrier
Allegiant Pilots Ratify Two-Year Deal with Carrier

The Teamsters Union said on Monday that nearly 1,300 pilots at Allegiant Travel have ratified ​a new two-year collective agreement, securing...

Yen Gains 3rd Day; Euro/Dollar Awaits Key US Data
Yen Gains 3rd Day; Euro/Dollar Awaits Key US Data

The yen rose for a third straight session against the euro and the dollar on Monday, keeping traders on alert for further intervention after Tokyo...

Sterling Ends 3-Day Rise against Dollar, Falls Versus Yen
Sterling Ends 3-Day Rise against Dollar, Falls Versus Yen

Sterling broke a three-day winning streak against the dollar while dropping versus the yen as investors closely watch the U.S. rate path and...

FTSE 100 Slips as AstraZeneca Drops on Merger Talks
FTSE 100 Slips as AstraZeneca Drops on Merger Talks

The UK's FTSE 100 slipped on Monday as AstraZeneca shares fell on reports of a potential tie-up with U.S. drugmaker Bristol Myers Squibb, while...

Gold Gains as USD Declines, Hopes of Mideast Deal Hit Oil
Gold Gains as USD Declines, Hopes of Mideast Deal Hit Oil

Gold prices gained on ‌Monday as the dollar weakened and optimism over a possible U.S.-Iran agreement sent oil prices sharply lower, tempering...

Obesity Battle Heats Up as Novo Claws Back vs Lilly
Obesity Battle Heats Up as Novo Claws Back vs Lilly

Novo Nordisk investors have found little cause for optimism during a bruising two-year period of profit ​warnings, leadership upheaval and a...

FleetPartners Eyes Best Day in 6 Years on $534M Bid
FleetPartners Eyes Best Day in 6 Years on $534M Bid

Australia's FleetPartners said on ​Monday private equity firm Pacific Equity Partners ‌had proposed to buy the vehicle-leasing firm...

DeepSeek’s New AI Is Cheapest Major Model to Run: Report
DeepSeek’s New AI Is Cheapest Major Model to Run: Report

A version of Chinese startup DeepSeek's flagship AI model is by ‌far the least expensive to run on benchmark tests among well-known models...

Shein Weighs Cost Reset Ahead of Hong Kong IPO: Report
Shein Weighs Cost Reset Ahead of Hong Kong IPO: Report

Shein is considering lowering the cost of investment for some late-stage investors as the ​fast-fashion retailer pursues a Hong Kong ‌IPO at a...

Oil Slumps on Iran Deal Hopes; Yen Firms Post-Intervention
Oil Slumps on Iran Deal Hopes; Yen Firms Post-Intervention

Oil prices skidded and U.S. and European stock futures rose on Monday as hopes of a peace deal ​in the Middle East grew, while the yen firmed to a...

Bessent Ready for Yen Action, Urges Bigger Fed Backstop
Bessent Ready for Yen Action, Urges Bigger Fed Backstop

U.S. Treasury Secretary Scott Bessent ‌said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange...

Japan, US Confirm Joint Yen-Buying, Signal More Action
Japan, US Confirm Joint Yen-Buying, Signal More Action

Japan and the ​United States conducted coordinated yen-buying intervention and will not hesitate to take further action, Japan's finance...

Wall Street Ends Higher as Amazon Soothes AI Jitters
Wall Street Ends Higher as Amazon Soothes AI Jitters

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong ​quarterly report bolstered investor confidence in...

Australia Home Price Drop Speeds Up in July: Cotality Data
Australia Home Price Drop Speeds Up in July: Cotality Data

Australian home prices suffered a second month of steep falls in July as higher borrowing costs ​and unease over tax changes accelerated a downturn...

China Sets 'Red Lines' Ahead of EU and US Trade Talks
China Sets 'Red Lines' Ahead of EU and US Trade Talks

China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as...

Toyota Profit Set to Drop Again as Investors Weigh Quake
Toyota Profit Set to Drop Again as Investors Weigh Quake

Toyota is forecast to post a fifth straight ‌quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs,...

WestJet Flight Attendants Strike, Grounding Flights
WestJet Flight Attendants Strike, Grounding Flights

Flight attendants at Canada's WestJet went on strike on Sunday after ‌talks fell through with the country's second-largest carrier,...

July 31, 2026
Pound Unfazed by Budget, Eyes Best Month Since April
Pound Unfazed by Budget, Eyes Best Month Since April

The pound was set for its best monthly performance since April against the dollar and euro on Friday, showing little immediate reaction to news...

Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale
Carlsberg Jab Highlights Corporate Rift Over FIFA Stake Sale

Danish brewer Carlsberg's jab at FIFA President Gianni Infantino highlighted how a growing backlash against the governing body's proposed...

USD Eases against JPY, Intervention Risks Keep Traders Wary
USD Eases against JPY, Intervention Risks Keep Traders Wary

The dollar eased against ​the Japanese yen on Friday, with traders alert for a second round of intervention after Japanese authorities stepped in...

Vatican Finances Boosted by Gold, Real Estate Gains
Vatican Finances Boosted by Gold, Real Estate Gains

The Vatican's asset management arm said on Friday its ​operating surplus fell more than 60% in 2025, but its overall wealth rose thanks...

Veon Raises Outlook, Flags Digital Investments in Ukraine
Veon Raises Outlook, Flags Digital Investments in Ukraine

Veon, the parent company of Ukraine's leading mobile operator Kyivstar, raised ​its earnings outlook on Friday, signalling confidence ‌in...

ABB India Quarterly Profit Rises on Strong Demand
ABB India Quarterly Profit Rises on Strong Demand

Engineering services firm ABB India  on Friday reported a 3% rise in ​June-quarter profit, helped by strong demand ‌from...

Japan may have Sold Up to $59 bln in Yen-Buying Intervention
Japan may have Sold Up to $59 bln in Yen-Buying Intervention

Japan may have sold as much as $58.97 billion in its latest efforts to bolster its ​currency, central bank data indicated on Friday, signalling...


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