Economic news


Dollar Drifts; US-Iran Conflict Intensifies, Brent Hits $90

Dollar Drifts; US-Iran Conflict Intensifies, Brent Hits $90

The dollar pulled back in Asian trading on Monday as investor confidence recovered, snapping a three-day winning streak that ​began after the conflict in the Middle East escalated last week and lowered ‌risk appetite. The dollar index , which measures the greenback's strength agains...


July 20, 2026
Gold Steady as Markets Gauge Mideast Tensions, Fed Bets
Gold Steady as Markets Gauge Mideast Tensions, Fed Bets

Gold prices were little changed on Monday ‌as investors assessed an escalation in the Middle East war that pushed oil prices higher, while...

Moonshot Pauses Kimi Subscriptions amid Hot Demand, IPO Push
Moonshot Pauses Kimi Subscriptions amid Hot Demand, IPO Push

Chinese startup Moonshot AI has temporarily paused new subscriptions after demand for its newly launched Kimi ​K3 model strained...

Segro Rejects Prologis' Sweetened $18.2B Takeover Bid
Segro Rejects Prologis' Sweetened $18.2B Takeover Bid

U.S. warehouse company Prologis said on Monday that Segro rejected its latest £13.5 billion ($18.17 billion) takeover bid, urging...

China June Bunker Fuel Exports Jump 55% from May, Data Shows
China June Bunker Fuel Exports Jump 55% from May, Data Shows

China's exports of fuel oil, mainly for marine fuel bunkering, climbed 55% month-on-month in June, customs data showed on Monday, ​reaching the...

HDFC Bank Drops on Weak Margins, Drags Nifty, Bank Stocks
HDFC Bank Drops on Weak Margins, Drags Nifty, Bank Stocks

HDFC Bank slid 4.6% to 782.25 rupees on Monday after its June-quarter margin miss outweighed steady loan growth, ​dragging the benchmark Nifty...

Shares Unsettled as Oil Climbs, Earnings Loom for AI
Shares Unsettled as Oil Climbs, Earnings Loom for AI

Shares slipped with bonds on Monday as the escalating conflict in the Gulf lifted oil ​prices and fanned fears of inflation, while a...

Samsung Biologics to Launch $1.8B Cash Buy of PolyPeptide
Samsung Biologics to Launch $1.8B Cash Buy of PolyPeptide

South Korea's Samsung Biologics will launch a 1.46 billion Swiss francs ($1.81 ​billion) all-cash bid for Swiss contract drugmaker...

UK Chief Financial Officers Turn more Hopeful about AI
UK Chief Financial Officers Turn more Hopeful about AI

The finance bosses at many of Britain's biggest companies are more optimistic about ​the impact of artificial intelligence on their...

July 17, 2026
France Blocks Access to Polymarket Website
France Blocks Access to Polymarket Website

France has blocked access to the Polymarket betting website, the country's gambling regulator ​said on Friday, citing concerns it could expose...

India's Wipro Slips, Weak Forecast Deepens IT Slowdown Fears
India's Wipro Slips, Weak Forecast Deepens IT Slowdown Fears

Shares of Wipro fell up to 2.4% on Friday after the Indian IT services firm's quarterly earnings miss and sluggish ​outlook...

Chinese Filing Implies DeepSeek Valuation of around $52 bln
Chinese Filing Implies DeepSeek Valuation of around $52 bln

Chinese luggage ‌maker Anhui Korrun said on Thursday a fund it invested in deployed 2.9 billion yuan for an indirect 0.8265% stake in...

Burberry's Europe Sales Hit by Iran War as US, China Grow
Burberry's Europe Sales Hit by Iran War as US, China Grow

Burberry said ‌conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand's shares down...

Oil rises on US-Iran tensions, Red Sea closure threat
Oil rises on US-Iran tensions, Red Sea closure threat

Oil prices rose by about 2% on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea...

US Pending Home Sales Slump in June amid Affordability Woes
US Pending Home Sales Slump in June amid Affordability Woes

Contracts to purchase previously owned U.S. homes fell more ​than expected in June as ‌higher mortgages and house prices pushed prospective...

Shorts Target Manufacturing in June on Supply Chain Stress
Shorts Target Manufacturing in June on Supply Chain Stress

Global hedge funds bet heavily against manufacturing stocks in June, data from Hazeltree ‌shows, as investors grew more concerned about...

Germany's Industrial Order Books Swell to Record High in May
Germany's Industrial Order Books Swell to Record High in May

Germany's industrial order backlog rose to a record high in May, the statistics office said on Friday, highlighting ​strong demand for a...

Sterling Dips but Eyes Weekly Gain as Burnham Nears Power
Sterling Dips but Eyes Weekly Gain as Burnham Nears Power

The pound slipped on Friday but was on track for its third consecutive weekly rise, with UK assets supported in recent days by ​reports...

Investors Brace for Slower AI Hyperscaler Spending
Investors Brace for Slower AI Hyperscaler Spending

The parabolic rally in AI chipmakers has run into turbulence amid concern about valuations and the sustainability of their bumper revenues, with...

Gold Set for Worst Week in 6 as Mideast War Fans Inflation
Gold Set for Worst Week in 6 as Mideast War Fans Inflation

Gold was on track for ‌its biggest weekly loss in six on Friday, as escalating U.S.-Iran clashes lifted oil prices, adding to inflationary...

Shein Wins Hong Kong Listing Committee Nod for IPO, Sources
Shein Wins Hong Kong Listing Committee Nod for IPO, Sources

Shein has won approval from the Hong Kong stock exchange listing committee for an IPO, ​three people with knowledge of the matter said on Friday,...

Nikkei Enters Correction on Tech Selloff, Mideast Conflict
Nikkei Enters Correction on Tech Selloff, Mideast Conflict

Japan's Nikkei tumbled into correction territory on Friday, as a global rout ​in chipmakers and an escalation in the Middle East conflict...

Netflix Earnings Forecast Disappoints Wall St, Shares Tumble
Netflix Earnings Forecast Disappoints Wall St, Shares Tumble

Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut ‌the...

Stocks Sink as Chip Rout Deepens, Oil Set for Weekly Gain
Stocks Sink as Chip Rout Deepens, Oil Set for Weekly Gain

A brutal selloff in ​chipmakers rippled through global markets on Friday, triggering a rout across Asia and setting up steep losses in Europe...

ECB to Hold Rates Now, but Energy Risks Point to Sept Hike
ECB to Hold Rates Now, but Energy Risks Point to Sept Hike

The European Central Bank will hold interest rates on July 23 but will hike for the second time this year in September as a renewed energy price...

China's Top Airlines Warn of Losses ahead of Summer
China's Top Airlines Warn of Losses ahead of Summer

China's biggest airlines enter the ​peak summer travel season facing a more challenging outlook after warning of heavy first-half losses, with...

Databricks Secures Funding Round at $188 Billion Valuation
Databricks Secures Funding Round at $188 Billion Valuation

Databricks said on Thursday it has signed a ​term sheet for a strategic funding round that ‌values the data analytics software firm at $188...

Wall Street Ends Lower as Chip Weakness Blunts Good Data
Wall Street Ends Lower as Chip Weakness Blunts Good Data

Chip stocks pulled the Nasdaq and the ​S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S....

China Bets on State Projects to Boost Growth, avoid Stimulus
China Bets on State Projects to Boost Growth, avoid Stimulus

China can stabilise economic growth this year by accelerating already-budgeted national infrastructure investment projects, economists and one...

S.Korea-US Team Unveils Robotic Tech that Dresses Wearer
S.Korea-US Team Unveils Robotic Tech that Dresses Wearer

A team of South Korean and U.S. researchers has unveiled a robotic technology that allows a person to suit up without using their ​hands or aid...

Low Gas Prices Restrain US Retail Sales, but Romentum Stays
Low Gas Prices Restrain US Retail Sales, but Romentum Stays

U.S. retail sales rose slightly in June as lower gasoline prices weighed on receipts at service stations, but motor vehicle purchases accelerated...

July 16, 2026
Chips Drag Global Stocks Down; Oil Edges Lower
Chips Drag Global Stocks Down; Oil Edges Lower

Tech-heavy equity indexes around the world ​fell on Thursday as investors offloaded chip stocks, while oil futures gave up earlier gains even as...

Kalshi to Allow Bets on Clinical Trials, FDA Decisions
Kalshi to Allow Bets on Clinical Trials, FDA Decisions

Prediction market platform Kalshi will start taking bets on the outcomes of clinical trials and FDA regulatory reviews, it said on ​Thursday,...

Euro Yields Rise; Bund-US Spread Smallest in a Month
Euro Yields Rise; Bund-US Spread Smallest in a Month

The gap between German and U.S. 10-year borrowing costs sat near its narrowest in a month on Thursday as the escalation of fighting in the...

Uber in $15B Delivery Hero Deal to Create Takeout Giant
Uber in $15B Delivery Hero Deal to Create Takeout Giant

Uber agreed on Thursday to buy Germany's Delivery Hero at an equity value ​of $14.8 billion to create the largest food-delivery group...

ABB to Press ahead with Acquisitions after $5.5B Rotork Deal
ABB to Press ahead with Acquisitions after $5.5B Rotork Deal

ABB has $14 billion for further acquisitions, CEO Morten Wierod said on Thursday, after ​the Swiss engineering group announced a record $5.5...

Micron Signs Qualcomm, Others for AI Auto Chip Deals
Micron Signs Qualcomm, Others for AI Auto Chip Deals

Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio ​products...

US Imposes 25% Tariffs on Brazil, Expands Exemptions
US Imposes 25% Tariffs on Brazil, Expands Exemptions

The U.S. has announced 25% duties on many imports from Brazil, while unveiling ​a broader-than-expected list of exemptions, reviving a trade war...

German Chem Lobby Warns Asia Shift Hurts Recovery
German Chem Lobby Warns Asia Shift Hurts Recovery

Germany's chemical industry expects production, including pharmaceuticals, to fall ​1.5% in 2026, its main lobby group VCI said on Thursday,...

FTSE 100 Slips on Mideast Tensions; Rotork Lifts FTSE 250
FTSE 100 Slips on Mideast Tensions; Rotork Lifts FTSE 250

London's FTSE 100 edged lower on Thursday as escalating tensions between the U.S. and Iran dampened risk appetite, while weakness in technology...

Ocado Sinks to 13-Year Low as US Partner Growth Stalls
Ocado Sinks to 13-Year Low as US Partner Growth Stalls

Shares in British technology and online grocery group Ocado tumbled to a 13-year ‌low on Thursday after it failed to show tangible...

Sterling Hovers around 2-Month High as Fiscal Concerns Ease
Sterling Hovers around 2-Month High as Fiscal Concerns Ease

Sterling hovered near its highest level in more than two months against the dollar, and edged lower versus the euro, as concerns over Britain's...

Europe Firms Eye Best Earnings in Years as AI Gap Persists
Europe Firms Eye Best Earnings in Years as AI Gap Persists

European companies are heading for their strongest earnings season in more ​than three years, but investors remain concerned that the region lacks...


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