Economic news


Nasdaq Sinks as AI Worries Hit Chipmakers

Nasdaq Sinks as AI Worries Hit Chipmakers

The Nasdaq ended sharply lower on Tuesday, weighed down by losses in ‌Micron Technology and other chipmakers due to mounting doubts about the sustainability of Wall Street's AI-driven rally. Chip stocks in Asia and the United States dropped after memory chip giant Samsung Electronic...


July 8, 2026
Zhipu AI Launches $4B Hong Kong Share Sale as Stock Surges
Zhipu AI Launches $4B Hong Kong Share Sale as Stock Surges

Knowledge Atlas Technology JSC, known as Zhipu AI, is seeking to raise around $4 billion via a share ‌sale in Hong Kong, according to a term...

ZAR Falls to 1-Week Low after Trump says Iran Deal 'Over'
ZAR Falls to 1-Week Low after Trump says Iran Deal 'Over'

The South African rand fell to its lowest level in a week ​on Wednesday, after U.S. President Donald Trump said ‌an interim peace deal with...

Gold Drifts Lower after Trump says Deal with Iran 'Over'
Gold Drifts Lower after Trump says Deal with Iran 'Over'

Gold prices fell on Wednesday as oil ​prices surged and inflation concerns intensified after U.S. President Donald Trump said an...

Asian Shipyard Dominance may Thwart LNG Expansion: WoodMac
Asian Shipyard Dominance may Thwart LNG Expansion: WoodMac

The biggest expansion of global ​LNG supply on record, led by the United States and ‌Qatar, could be slowed as most of the ships needed to...

Spanish Markets Hit by Trump's Renewed Trade Threat
Spanish Markets Hit by Trump's Renewed Trade Threat

Spanish stocks and bonds came under fire on Wednesday, after President Donald Trump demanded that the United States cut trade ties ​with the...

Britain's FTSE Indexes Fall as Trump says Iran Deal 'Over'
Britain's FTSE Indexes Fall as Trump says Iran Deal 'Over'

London's FTSE indexes fell more than 1% on Wednesday after U.S. President Donald Trump said an initial agreement to end the war on Iran was...

Crypto Firms Prep Defenses as Quantum Threat Nears
Crypto Firms Prep Defenses as Quantum Threat Nears

The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could...

Sterling Steady as US-Iran Tensions Flare Up again
Sterling Steady as US-Iran Tensions Flare Up again

The pound held steady on Wednesday as U.S. President Donald Trump said that an interim agreement to end the war with ​Iran was...

ChinaCcar Sales Fall again, Exports Stay Strong
ChinaCcar Sales Fall again, Exports Stay Strong

Car sales in China fell for a ninth consecutive month in June, as automakers increasingly turn to export markets ​to cushion the impact of sluggish...

Apple to Spend $30B in Broadcom Chip Deal to Expand Colorado Plant
Apple to Spend $30B in Broadcom Chip Deal to Expand Colorado Plant

Apple plans to spend more than $30 billion as part of a ​chip-supply agreement reached earlier this week with Broadcom ‌that will...

Foreign Investors Pare India Rate-Hike Bets, Fuel Record 5-Year Swap Trading
Foreign Investors Pare India Rate-Hike Bets, Fuel Record 5-Year Swap Trading

A rush by foreign investors to unwind bets on interest rate hikes in India has pushed turnover ​in the country's five-year overnight index swap...

Poland's Zloty Hits 19-Month Low ahead of Rate Decision
Poland's Zloty Hits 19-Month Low ahead of Rate Decision

Poland's zloty hit a 19-month low on Wednesday as a breakdown in Middle East peace increased risk aversion ahead of an interest rate...

Dollar around One-Week High as Trump says Iran MOU 'Over'
Dollar around One-Week High as Trump says Iran MOU 'Over'

The U.S. dollar was steady at around its highest level in roughly a week on Wednesday after U.S. President Donald Trump said an interim memorandum...

Oil Surges, Stocks Tumble as Trump Declares Iran MOU 'Over'
Oil Surges, Stocks Tumble as Trump Declares Iran MOU 'Over'

Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors ​fled risk assets after U.S. President Donald Trump...

Temasek Eyes Big AI Investment Jump as Portfolio Hits Record
Temasek Eyes Big AI Investment Jump as Portfolio Hits Record

Singapore state investor Temasek said on Wednesday it was targeting ​a major increase in investments in AI companies, aiming to lift its exposure...

RBI Backs Crypto Ban as Tax Dept Warns of Evasion: Docs
RBI Backs Crypto Ban as Tax Dept Warns of Evasion: Docs

India's central ​bank has reasserted a call for a cryptocurrency policy "leaning towards prohibition," while the country's tax...

South Korea's KOSPI Drops 20% from June Peak as Chips Drag
South Korea's KOSPI Drops 20% from June Peak as Chips Drag

South Korea's benchmark KOSPI stock index ‌fell more than 5% on Wednesday, dropping more than 20% from a record close in late June and...

Rupee Slips as Oil Jumps, Portfolio Inflows Cushion Fall
Rupee Slips as Oil Jumps, Portfolio Inflows Cushion Fall

The Indian rupee traded slightly weaker on Wednesday as renewed hostilities in the Middle East lifted oil ​prices and sapped risk sentiment, while...

July 7, 2026
Gold Dips as Mideast Tensions Lift Oil; Fed Minutes Eyed
Gold Dips as Mideast Tensions Lift Oil; Fed Minutes Eyed

Gold fell on Tuesday as investors monitored escalating hostilities in ‌the Middle East that sent oil prices higher, and braced for minutes...

London's FTSE 100 Ticks Higher as Shell Lifts Energy Stocks
London's FTSE 100 Ticks Higher as Shell Lifts Energy Stocks

The UK's FTSE ​100 index inched up on Tuesday, as gains in energy stocks ‌following Shell's upbeat second-quarter guidance offset...

Canada's Ivey PMI Falls to Three-Month Low in June
Canada's Ivey PMI Falls to Three-Month Low in June

Canadian economic activity expanded at ​a slower pace in ‌June as measures of employment and prices fell, Ivey Purchasing ​Managers Index...

Canada's Trade Surplus Hits 4-Year High on US Export Surge
Canada's Trade Surplus Hits 4-Year High on US Export Surge

Canada's ​trade surplus widened to a four-year high in May, with exports rising for the fourth consecutive month, as goods shipped ‌to the...

Fresh Foods Boost Amazon Now Demand in Brazil, Executive
Fresh Foods Boost Amazon Now Demand in Brazil, Executive

Fresh food offerings have helped boost demand for Amazon's new 15-minute quick-delivery service in Brazil, prompting the company...

ECB Tells Banks to Bolster AI Cyber Defences
ECB Tells Banks to Bolster AI Cyber Defences

The European Central Bank on Tuesday gave euro zone banks four months to draw ​up plans to counter AI-enabled cyber threats, taking a more...

UK Needs Vast Fiscal Tightening to Avert Debt Spiral: OBR
UK Needs Vast Fiscal Tightening to Avert Debt Spiral: OBR

Britain will need extra tax rises or spending cuts equivalent to the entire education budget early next decade to prevent government debt...

Oil Gains after Vessel Attacks near Strait of Hormuz
Oil Gains after Vessel Attacks near Strait of Hormuz

Oil prices rose on Tuesday after reports of attacks on vessels ‌near the Strait of Hormuz revived fears of disruptions to shipping...

SpaceX IPO and Trading Surge to Lift Wall St Q2 Earnings
SpaceX IPO and Trading Surge to Lift Wall St Q2 Earnings

Driven in part by the blockbuster SpaceX mega IPO, a surge in sales and trading will power U.S. Wall Street bank earnings in the second...

Standard Nuclear Eyes Up to $3.55B US IPO Valuation
Standard Nuclear Eyes Up to $3.55B US IPO Valuation

Standard Nuclear is targeting a valuation of up to $3.55 billion in its ​U.S. initial public offering, as investors increasingly favor energy...

India's Trent Posts 19% Growth in Q1 Revenue
India's Trent Posts 19% Growth in Q1 Revenue

Indian apparel retailer Trent said on Monday its standalone revenue rose 19% year-on-year in the first quarter ​of fiscal year 2027, helped by...

China Gold Reserves See Biggest Rise since 2023; Price Falls
China Gold Reserves See Biggest Rise since 2023; Price Falls

China's central bank reported its biggest monthly increase in gold reserves ​in more than two and a half ‌years in June, official data...

India's Top Asset Manager Draws Sovereign Funds in $1.2B IPO
India's Top Asset Manager Draws Sovereign Funds in $1.2B IPO

SBI Funds Management IPO draws interest from Abu Dhabi's ADIA, Singapore's GIC: sources The $1.2 billion issue kicks off IPO pipeline for...

Sterling Hits Three-Week High versus Dollar
Sterling Hits Three-Week High versus Dollar

The pound rose to a three-week high against the dollar on Tuesday as the U.S. currency continued to slip in the wake of ​Thursday's...

China's Gig Boom Masks Job Pain, Strains Welfare System
China's Gig Boom Masks Job Pain, Strains Welfare System

Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him...

UK House Prices Inched Higher in June, Lloyds Data Shows
UK House Prices Inched Higher in June, Lloyds Data Shows

British house prices ticked higher in June, the first ​monthly increase since February, mortgage lender ‌Lloyds said on Tuesday, though it...

Japan Denies Pressuring BOJ to Keep Interest Rates Low
Japan Denies Pressuring BOJ to Keep Interest Rates Low

Japan's government on Tuesday pushed back against market views it was watering down its commitment to fiscal ​reform and pressuring the central...

Yen Pinned near 40-Year Low on Intervention Fears
Yen Pinned near 40-Year Low on Intervention Fears

The yen ​hovered near a four-decade low on Tuesday, leaving traders wary of possible intervention by Japanese ‌authorities to bolster the...

Asian Stocks Tumble on AI Jitters after Samsung Forecast
Asian Stocks Tumble on AI Jitters after Samsung Forecast

Asian stocks declined on Tuesday, with South Korea leading losses after ​Samsung Electronics' forecast triggered a reassessment of stretched...

Britain's Bond Market may Limit what Burnham Can Do as PM
Britain's Bond Market may Limit what Burnham Can Do as PM

Britain's brittle bond market is looming large over Andy Burnham, Britain's likely next prime minister, and could constrain what ​the...

S&P 500, Nasdaq Close Sharply Higher as Broadcom Rallies
S&P 500, Nasdaq Close Sharply Higher as Broadcom Rallies

The S&P 500 and Nasdaq ended sharply higher ​on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies...

Indian Firms' Arbitrage Plays Revive Pain Point for Rupee
Indian Firms' Arbitrage Plays Revive Pain Point for Rupee

A familiar drag on the Indian ​currency has resurfaced with local companies exploiting the arbitrage opportunities between the onshore foreign...

Japan May Real Wages Up for 5th Month, Slowed by Inflation
Japan May Real Wages Up for 5th Month, Slowed by Inflation

Japan's real wages rose 1.4% in May from a year earlier to mark a fifth month ​of increases, although the growth rate slowed amid...

Indian Fitness Firm Cult.fit Files for IPO
Indian Fitness Firm Cult.fit Files for IPO

Indian fitness company Cult.fit has filed for an IPO ​to raise up to 9.5 billion rupees ($99.6 million) ‌in a fresh issue, draft papers showed...


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