Economic news


Abrupt Indian Bank CEO Shifts Test Strategy Focus

Abrupt Indian Bank CEO Shifts Test Strategy Focus

Abrupt departures from some of India's top private banks in recent months have exposed a need for better succession planning, prompting ​investors to question how likely such lenders are to stick with long-term business strategies. India's $3.3-trillion banking sector has drawn stron...


September 4, 2026
Shares Inch Up Ahead of US Jobs Data as Waller Soothes Bonds
Shares Inch Up Ahead of US Jobs Data as Waller Soothes Bonds

World shares pushed higher ahead of U.S. jobs data on Friday, while bond markets got some much-needed relief after a top Federal ​Reserve...

Germany Open to UniCredit-Commerzbank Deal, Boosting EU M&A
Germany Open to UniCredit-Commerzbank Deal, Boosting EU M&A

Germany's tilt towards a deal with UniCredit's CEO Andrea Orcel to take over Commerzbank, after years of his...

Yen's Changing Fortunes Might Finally be Spooking the Bears
Yen's Changing Fortunes Might Finally be Spooking the Bears

Just six weeks after hitting a four-decade low against the dollar, the tide appears to be turning for the battered yen as a host of factors finally...

Gold Eyes Weekly Gain Ahead of Key US Payrolls Data
Gold Eyes Weekly Gain Ahead of Key US Payrolls Data

Gold prices ​were steady on Friday and poised for a modest weekly gain, as ‌traders' attention turned to key U.S. payrolls data for clues...

Tech Pilgrims Flock to China as Innovation Race Heats Up
Tech Pilgrims Flock to China as Innovation Race Heats Up

Humanoid robots working on factory floors, AI models challenging global rivals and electric-vehicle plants churning out cars at...

Nvidia Bets $13 bln on Open AI Models with Hugging Face Deal
Nvidia Bets $13 bln on Open AI Models with Hugging Face Deal

Nvidia will buy popular developer platform Hugging Face for $12.93 billion, using its growing AI war chest to expand its influence in ‌the...

September 3, 2026
UK Electric Car Sales Jump 30% in Aug to Lead Market, Data
UK Electric Car Sales Jump 30% in Aug to Lead Market, Data

UK registrations of battery electric vehicles rose ‌about 30% in August from a year earlier, making it the single biggest fuel type in the...

Indian Banks Pitch FX Swaps to Drain Surplus Liquidity
Indian Banks Pitch FX Swaps to Drain Surplus Liquidity

Indian lenders proposed using foreign exchange sell/buy swaps to gradually withdraw excess rupee liquidity from the banking system ​at a meeting...

India's $136B Haul Aids Rupee, Raises Future Risks
India's $136B Haul Aids Rupee, Raises Future Risks

The Indian rupee climbed to a two-month ​high on Thursday after a much larger-than-expected $136.4 billion raised through one-off...

UK Stocks Recover as Bond Rally Lifts Risk Sentiment
UK Stocks Recover as Bond Rally Lifts Risk Sentiment

The UK's ​main stock indexes recovered on Thursday as a ​rally in global bonds ahead of a U.S. jobs ⁠report lifted risk sentiment, while firmer...

S&P Warns of Risks from China's Generous Credit Ratings
S&P Warns of Risks from China's Generous Credit Ratings

Generous credit ratings are baking risks into China's booming bond market as Beijing attracts foreign issuers, S&P Global Ratings'...

China's Moonshot AI Confidentially Files for HK IPO
China's Moonshot AI Confidentially Files for HK IPO

Beijing-based startup Moonshot has confidentially filed for a Hong Kong initial public offering, said three people ‌with knowledge of the...

EU Luxury Stocks Slide on Cautious Recovery Hopes
EU Luxury Stocks Slide on Cautious Recovery Hopes

European luxury stocks fell on Thursday, extending recent losses as investors grew increasingly cautious about the ​sector's recovery...

Microsoft Reveals Azure Cloud Sales in Reporting Shift
Microsoft Reveals Azure Cloud Sales in Reporting Shift

Microsoft on Wednesday reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct...

German Firms Feel Pressure from Chinese Rivals, Survey Finds
German Firms Feel Pressure from Chinese Rivals, Survey Finds

German companies are increasingly feeling competitive pressure from ‌Chinese rivals, but most are responding with innovation, cost cuts and...

UK Economy Gathers Pace but Cost Pressures Intensify: PMI
UK Economy Gathers Pace but Cost Pressures Intensify: PMI

Activity in Britain's dominant services sector grew for the second month in a row in August and confidence ​rose, according to a survey on...

Stocks, Bonds Rise ahead of US Data, Fed Speeches; Yen Soars
Stocks, Bonds Rise ahead of US Data, Fed Speeches; Yen Soars

Global stocks and bonds rallied on Thursday, while the yen rose ahead of U.S. data and central ​banker comments that could reinforce investor...

Swiss Economy Grows at Fastest Rate in nearly Five Years
Swiss Economy Grows at Fastest Rate in nearly Five Years

The Swiss economy grew by 1.5% in the second quarter of 2026, the government said on Thursday, its fastest growth ​rate in nearly five...

French Services PMI Contracts Faster in Aug on Weak Demand
French Services PMI Contracts Faster in Aug on Weak Demand

France's services sector contracted more than expected in August, as weaker demand and extreme heat weighed on sales and ​inflationary pressure...

China E-Commerce Enters New Phase as Delivery Price War Ends
China E-Commerce Enters New Phase as Delivery Price War Ends

China's meal-delivery subsidy war may have ebbed but its biggest legacy could be a shift in consumer expectations, as electronics, flowers and...

Oil Edges Down as Markets Weigh US-Iran Strike Risks
Oil Edges Down as Markets Weigh US-Iran Strike Risks

Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk ​disrupting...

VinFast Taxi Unit GSM Eyes US, EU Expansion ahead of HK IPO
VinFast Taxi Unit GSM Eyes US, EU Expansion ahead of HK IPO

Vietnamese electric taxi operator Green and Smart Mobility (GSM), a partner of VinFast, the country's largest carmaker, plans to expand into...

Olympus-Backed Accelevation Files for US IPO
Olympus-Backed Accelevation Files for US IPO

Olympus-backed data center infrastructure firm Accelevation filed for a U.S. initial public offering ​on Wednesday, seeking to tap into the...

Wall St Ends Higher as Stocks Reclaim some Shine
Wall St Ends Higher as Stocks Reclaim some Shine

Wall Street advanced on Wednesday, notching a partial rebound from a ​three-day losing streak as investors searched for deals among stocks and...

Japan Services Growth Hits Five-Month High, PMI Shows
Japan Services Growth Hits Five-Month High, PMI Shows

Japan's services sector expanded at its fastest pace in five months in August, as stronger domestic demand ​lifted business activity and new...

Elliott Builds Stake in Deutsche Telekom, Source Says
Elliott Builds Stake in Deutsche Telekom, Source Says

Elliott Investment Management has built a stake in Deutsche Telekom, a person with knowledge of ​the matter said on Wednesday. The exact size...

HPE Hikes Outlook on AI Demand, Stocks Drop on Supply Fears
HPE Hikes Outlook on AI Demand, Stocks Drop on Supply Fears

Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street ​expectations, as...

Broadcom Raises AI Chip Forecast Amid Big Tech Demand
Broadcom Raises AI Chip Forecast Amid Big Tech Demand

Broadcom on Wednesday forecast strong AI chip sales for the next two years, offering fresh evidence that Big Tech's appetite for AI...

September 2, 2026
Tencent-Backed Enflame IPO Draws 6,109 Times Online Demand
Tencent-Backed Enflame IPO Draws 6,109 Times Online Demand

Chinese AI chipmaker Shanghai Enflame Technology, backed ‌by Tencent, drew investor orders worth 6,109 times the shares available in the...

Yen Gains Sharply, Dollar Eases from Two-Week High
Yen Gains Sharply, Dollar Eases from Two-Week High

The Japanese yen gained sharply against the U.S. dollar on Wednesday after having retraced approximately half of the increases made following a...

US Aug Private Payrolls Slow as July Factory Orders Rebound
US Aug Private Payrolls Slow as July Factory Orders Rebound

U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by ​job losses in...

Southwest to Open First Airport Lounges in Premium Push
Southwest to Open First Airport Lounges in Premium Push

Southwest Airlines on Wednesday unveiled plans to open its first-ever airport lounges, as the carrier steps up efforts to attract...

Uber to Lay Off 10% of Staff in Biggest Cuts since COVID
Uber to Lay Off 10% of Staff in Biggest Cuts since COVID

Uber Technologies will lay off ​about 3,300 employees, or 10% of staff, in its largest cuts since the COVID-19 pandemic, to better navigate...

Mexico Presses US on Auto, Steel Tariffs in Lutnick Talks
Mexico Presses US on Auto, Steel Tariffs in Lutnick Talks

Mexican Economy Minister Marcelo Ebrard ​met U.S. Commerce Secretary Howard Lutnick ‌on Wednesday as Mexico pushed for progress on U.S....

Gold Hits 3-Week Low on Stronger Dollar, Inflation Risks
Gold Hits 3-Week Low on Stronger Dollar, Inflation Risks

Gold prices fell to their lowest ​in more than three weeks on Wednesday, pressured by a stronger dollar ‌as the biggest exchange of fire...

Tesla China EV Sales Extend Growth, but Momentum Fades
Tesla China EV Sales Extend Growth, but Momentum Fades

Tesla's China-made electric vehicle sales slowed to a gain of 3.6% year-on-year in August, ​down sharply from the prior month, as...

Swiss Govt Names New SNB Bank Council President
Swiss Govt Names New SNB Bank Council President

The Swiss government on Wednesday named Christoph ​Ammann as the new president of ‌the Swiss National Bank's Bank Council, the body which...

UK's Midcaps Hit nearly a One-Month Low as Gilt Yields Surge
UK's Midcaps Hit nearly a One-Month Low as Gilt Yields Surge

London's mid-cap stocks slipped to nearly a one-month ​low on Wednesday, extending losses as UK's bond yields hit ​18-year highs on renewed...

Shein Shares Drop Over 5% on Day 2 of Hong Kong Trading
Shein Shares Drop Over 5% on Day 2 of Hong Kong Trading

Shares of online fast-fashion retailer Shein fell more than 5% on Wednesday, a day after ​a lacklustre debut session following a long-awaited...

UK Bond Yields Hit 18-Year High, Pressuring Healey
UK Bond Yields Hit 18-Year High, Pressuring Healey

British government bond yields hit fresh 18-year highs on Wednesday, tracking a broad global ​sell-off after the latest escalation of the Iran war...

Taiwan Says its Companies Plan to Invest another $20B in US
Taiwan Says its Companies Plan to Invest another $20B in US

Taiwanese companies are planning another $20 billion of investments in the U.S. driven by demand for AI applications, the island's economy...

Dollar Hits 7-Week High on Mideast War, Rate Path Focus
Dollar Hits 7-Week High on Mideast War, Rate Path Focus

The dollar hit a seven-week high on Wednesday as investors turned to ​the U.S. currency amid growing concerns about the economic impact of the...


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