Economic news


South Africa Central Bank Surprises With Rate Hold

South Africa Central Bank Surprises With Rate Hold

South Africa's central bank surprised investors and economists by keeping ​its main lending rate unchanged on Thursday, saying its policy was restrictive enough ‌to return inflation to its target within two years. Analysts said the bank's tone was much less hawkish than expected...


July 23, 2026
Alphabet's Cash Burn Alarms Big Tech as AI Costs Rise
Alphabet's Cash Burn Alarms Big Tech as AI Costs Rise

Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending ​strains one of...

Boeing Pips Airbus in Low-Key Farnborough Jet Order Race
Boeing Pips Airbus in Low-Key Farnborough Jet Order Race

Boeing ​edged Airbus in a subdued series of order announcements at the Farnborough Airshow this week, as the global aerospace industry...

Renault EV Helps Rebound Sales Against Chinese Rivals
Renault EV Helps Rebound Sales Against Chinese Rivals

Renault Group sales rebounded ‌in the second quarter as strong demand for its Renault 5 electric vehicle helped the French automaker...

Cryptocurrency Exchange BitMEX to Shut Down
Cryptocurrency Exchange BitMEX to Shut Down

Cryptocurrency exchange BitMEX, whose founders were pardoned by U.S. President Donald Trump last year, said on Thursday it will shut down...

Mexican Economy Falters in May as Construction Dips
Mexican Economy Falters in May as Construction Dips

Mexico's economy contracted in ​May from April, official ‌data showed on Thursday, fueling caution about the country's situation ​as...

Harley-Davidson Profits Drop as Material Costs Rise
Harley-Davidson Profits Drop as Material Costs Rise

Harley-Davidson reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the ​legacy motorbike maker...

Short Sellers Notch $15.5 bln Profit as SpaceX Shares Slide
Short Sellers Notch $15.5 bln Profit as SpaceX Shares Slide

Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June...

ECB Keeps Rates on Hold, Leaves Room for more Hikes
ECB Keeps Rates on Hold, Leaves Room for more Hikes

The European Central Bank kept borrowing costs on hold on Thursday but left room ​for more tightening in the coming months as ‌a widening...

Pound Steady as Investors Eye Oil Prices, ECB Decision
Pound Steady as Investors Eye Oil Prices, ECB Decision

The pound held steady and was ​set for its first monthly rise against the dollar since April on Thursday, while ‌investors weighed a jump in...

European Chip Stocks Diverge as Investors Weigh AI Demand
European Chip Stocks Diverge as Investors Weigh AI Demand

European semiconductor stocks moved sharply on Thursday after earnings updates, with Soitec surging on strong photonics demand linked to artificial...

FTSE 100 Muted as Weak Miners Offset Energy Gains
FTSE 100 Muted as Weak Miners Offset Energy Gains

Britain's FTSE 100 was little changed on Thursday as weakness in precious metal miners offset gains in energy shares after ​higher oil prices,...

Dr Reddy's Slips on Margin, Semaglutide Supply Woes
Dr Reddy's Slips on Margin, Semaglutide Supply Woes

July 23 (Reuters) - Shares of Dr Reddy's Laboratories fell as much as 6.9% on Thursday after many brokerages cut their earnings forecasts...

UK Factory Orders Slump as Cost Pressures Rise, CBI Says
UK Factory Orders Slump as Cost Pressures Rise, CBI Says

British manufacturing orders continued to deteriorate in July at the joint-fastest ​rate since September 2020, during the ‌COVID-19 pandemic,...

Gold Slips 1% as Oil Rally Brings Fed Rate Hikes into Focus
Gold Slips 1% as Oil Rally Brings Fed Rate Hikes into Focus

Gold retreated on Thursday, as the intensifying Middle East ‌conflict drove up oil prices and supported investor concerns that inflationary...

USD Hits Fresh 40-yr High Versus JPY, Edges Down Against EUR
USD Hits Fresh 40-yr High Versus JPY, Edges Down Against EUR

The ​dollar edged lower against the euro ahead of the European Central Bank's policy meeting on Thursday and reached a fresh ‌40-year high...

CXMT Debut Highlights China’s State-Backed Tech Power
CXMT Debut Highlights China’s State-Backed Tech Power

Chipmaker CXMT's high-profile debut next week will mark a major milestone for China's state-led funding model, highlighting how government...

French Business Morale Improves in July Despite Head Winds
French Business Morale Improves in July Despite Head Winds

French business confidence ​rose to a four-month high in July despite a new flare-up ‌in the U.S.-Israeli war on Iran and record heatwaves at...

India's PVR INOX Posts Q1 Profit on Strong Ticket Sales
India's PVR INOX Posts Q1 Profit on Strong Ticket Sales

Indian multiplex operator PVR INOX on Thursday posted a first-quarter profit, helped by strong demand for films across ​languages, higher...

Asia's Rich Swap Sponsorships for Sports Stakes in Deal Boom
Asia's Rich Swap Sponsorships for Sports Stakes in Deal Boom

Asian wealthy families and fund managers are increasingly moving beyond sponsorships and charity-linked sporting events to invest directly in...

Euro Heads for One-Week High ahead of ECB Policy Decision
Euro Heads for One-Week High ahead of ECB Policy Decision

The euro rose towards a one-week high on Thursday ahead of a European Central Bank policy decision, with ‌officials expected to keep...

Oil Rises 5th Day on Supply Concerns amid Chokepoint Threats
Oil Rises 5th Day on Supply Concerns amid Chokepoint Threats

Oil ​prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the ‌Red Sea by...

Malaysia, HK Regulators Agree to Ease Dual IPO Listings
Malaysia, HK Regulators Agree to Ease Dual IPO Listings

Malaysian and Hong Kong securities regulators signed a memorandum of understanding on Thursday aimed ​at facilitating dual initial public offering...

Asian Stocks Rise as AI Capex Ramps Up, Oil at 6-Week Highs
Asian Stocks Rise as AI Capex Ramps Up, Oil at 6-Week Highs

Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in ​the...

BOJ to Raise Rates by Dec on Yen Inflation Risks, Poll Shows
BOJ to Raise Rates by Dec on Yen Inflation Risks, Poll Shows

The Bank of Japan will raise its interest rate again by end-December and possibly as soon as October, according to a majority of economists in a...

Wall Street Dips on Tech Earnings and Rising Oil
Wall Street Dips on Tech Earnings and Rising Oil

The Nasdaq led Wall Street lower on Wednesday with a mixed performance from technology stocks, as investors ​waited for key earnings reports to...

South Korea's Q2 GDP Beats Estimates on Chip Export Boom
South Korea's Q2 GDP Beats Estimates on Chip Export Boom

South Korea's economy ‌grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in...

Aussie June Jobs Blow Past View, Cement Rate Hike Bets
Aussie June Jobs Blow Past View, Cement Rate Hike Bets

Australian employment surged past all ​expectations in June, data showed on Thursday, in a sign of economic resilience that had markets...

July 22, 2026
AI Investment Boom Weighs on Big Tech's Free Cash Flow
AI Investment Boom Weighs on Big Tech's Free Cash Flow

U.S. hyperscalers are starting to show returns on their artificial intelligence investments, but the rising cost of the ​buildout is taking a bite...

Otis Cuts Annual Profit Outlook as Costs Rise, Mideast Hits
Otis Cuts Annual Profit Outlook as Costs Rise, Mideast Hits

Elevator maker Otis Worldwide on Wednesday cut its annual adjusted profit forecast on the back of increased costs, especially tied ​to labor,...

Porsche Supervisory Board Backs Tougher Restructuring
Porsche Supervisory Board Backs Tougher Restructuring

Porsche's supervisory board gave its blessing to the next round of restructuring measures on Wednesday, a company spokesperson said, ​with...

India's Eternal Sees Blinkit Profit at Top End of Outlook
India's Eternal Sees Blinkit Profit at Top End of Outlook

India's Eternal expects its grocery delivery unit Blinkit's profitability to hit the higher end of its previous forecast ​range, the...

Samsung Unveils Wider Foldable, Hikes Prices on Chip Costs
Samsung Unveils Wider Foldable, Hikes Prices on Chip Costs

Samsung Electronics on Wednesday ​unveiled a passport-sized foldable phone and raised prices of two updated foldable models, ‌as it grapples...

Prologis Makes $18.8 bln Last-Minute Bid for UK's Segro
Prologis Makes $18.8 bln Last-Minute Bid for UK's Segro

U.S. warehousing giant ​Prologis on Wednesday made what it called its best and final proposal to buy British ‌rival Segro for about...

Intel Results to Test if AI-Fueled Rally Has Room to Run
Intel Results to Test if AI-Fueled Rally Has Room to Run

Intel's results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares...

Rupee Hits 2-Month Low as Oil Prices Rise on Supply Fears
Rupee Hits 2-Month Low as Oil Prices Rise on Supply Fears

The Indian rupee fell to a two-month low on Wednesday as oil prices climbed on mounting ​fears of supply disruptions through key Middle East...

FTSE 100 Rises on Metals, Energy Gains; Mideast in Focus
FTSE 100 Rises on Metals, Energy Gains; Mideast in Focus

London's FTSE 100 edged up on Wednesday, supported by gains in precious metal ​miners and energy shares, while investors monitored escalating...

Hiring demand improves, Randstad executives say
Hiring demand improves, Randstad executives say

Early indicators of hiring demand are showing signs of improvement, Randstad executives said on Wednesday, suggesting ​a labour-market downturn...

UK Inflation Slows in Temporary Boost for New PM Burnham
UK Inflation Slows in Temporary Boost for New PM Burnham

British inflation cooled by more than expected last month as a brief de-escalation in the Iran ‌war reduced fuel prices, but the...

Bank Indonesia Holds Rates, Offers Inflow Incentives
Bank Indonesia Holds Rates, Offers Inflow Incentives

Indonesia's central bank kept policy rates ​unchanged on Wednesday, defying market expectations of another rate hike following back-to-back...

India Edible Oil Imports to Surge July-Oct on Tight Supply
India Edible Oil Imports to Surge July-Oct on Tight Supply

India's edible oil imports are set to climb between July and October as slower soybean and rapeseed crushing erodes domestic supplies, ahead of...

Santander Confirms Mid-Term Goals as Q2 Profit Climbs
Santander Confirms Mid-Term Goals as Q2 Profit Climbs

Spain's Santander ‌on Wednesday reaffirmed its mid-term and 2026 goals after second-quarter net profit rose due to a solid...

China's Fiscal Revenue Expands 4.7% in First Half
China's Fiscal Revenue Expands 4.7% in First Half

China's fiscal revenue rose 4.7% in the first half of 2026 from a year earlier, ​the finance ministry said on Wednesday, an acceleration from...


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