Economic news


India Forex Reserves Hit 3-Month High, Rise Most in 6 Months

India Forex Reserves Hit 3-Month High, Rise Most in 6 Months

India's foreign exchange reserves rose to a near three-month high of $692.9 billion as of July 31, data from ​the Reserve Bank of India showed on Wednesday. Reserves jumped nearly $10.5 ‌billion compared to the previous week, in their biggest surge since the week ended January 30.  


August 5, 2026
Indonesia Q2 GDP Growth Slows to 5.3% but Beats Forecast
Indonesia Q2 GDP Growth Slows to 5.3% but Beats Forecast

Indonesia's annual economic growth in the second ​quarter came in at its slowest in three as household and public spending eased, official data...

Europe's Top Tech Firms Emerge as Unexpected AI Winners
Europe's Top Tech Firms Emerge as Unexpected AI Winners

The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it ‌is some of Europe's biggest,...

FTSE 100 Climbs on Glencore, Next Gains and Iran Deal Hopes
FTSE 100 Climbs on Glencore, Next Gains and Iran Deal Hopes

London's FTSE 100 rose on ‌Wednesday, driven by strong results from Glencore and Next as well as growing expectations for a U.S.-Iran...

UK's July New Car Sales Hit Best since 2019, SMMT Data Shows
UK's July New Car Sales Hit Best since 2019, SMMT Data Shows

British new car registrations rose nearly 12% in July, marking their best performance since ​2019 as battery electric vehicle (BEV) sales reached...

UK Services Sector Returns to Growth, Optimism Picks Up, PMI
UK Services Sector Returns to Growth, Optimism Picks Up, PMI

LONDON, Aug 5 (Reuters) - Britain's dominant services sector returned to growth last month as new orders picked up, according to a survey by...

India's Central Bank Holds Rates, Awaits Inflation Signal
India's Central Bank Holds Rates, Awaits Inflation Signal

The Reserve Bank of India left its benchmark repo ‌rate INREPO=ECI unchanged at 5.25% on Wednesday, as policymakers await clearer evidence on...

German services downturn eases in July; demand picks up: PMI
German services downturn eases in July; demand picks up: PMI

Germany's service sector contracted only marginally in July as demand picked up slightly and new business rose for the first time in five...

Rupee Hits 1-Month High Past 95 Ahead of RBI Decision
Rupee Hits 1-Month High Past 95 Ahead of RBI Decision

The Indian rupee rose to its highest level in a month on ​Wednesday, buoyed by lower oil prices and a weaker ‌dollar, while forward premiums...

Gold Hits One-Month Peak on Lower Oil and Softer Dollar
Gold Hits One-Month Peak on Lower Oil and Softer Dollar

Gold rose for a third straight session on Wednesday, hitting a one-month ‌peak on a softer dollar and lower oil prices, while investors...

India July Services Growth Hits 4-Year Low as Demand Wilts
India July Services Growth Hits 4-Year Low as Demand Wilts

BENGALURU, Aug 5 (Reuters) - Growth in India's dominant services sector slumped to its weakest pace in over four years in ​July as demand was...

Stocks Up in Asia as Tech Mood Shifts, Oil Slides
Stocks Up in Asia as Tech Mood Shifts, Oil Slides

Asian stock markets jumped on Wednesday as robust earnings and renewed appetite for tech propelled Wall Street to record highs, ​while hopes for...

Yen Steadies; Dollar Near 6-Week Low on Mideast Hopes
Yen Steadies; Dollar Near 6-Week Low on Mideast Hopes

Currency markets paused for breath on Wednesday as pressure on the Japanese yen ​eased following recent bouts of intervention and a forceful show...

Dow, S&P 500 Hit Records on AI Earnings, Mideast Hopes
Dow, S&P 500 Hit Records on AI Earnings, Mideast Hopes

The S&P 500 and the Dow closed at record highs on Tuesday, powered by ​the latest batch of earnings from AI-related companies such as...

China eases controls on fuel exports for 2nd month, sources
China eases controls on fuel exports for 2nd month, sources

China has eased limits on refined fuel exports ​for a second month in August, giving ‌refiners temporary approval to ship 2.7 million metric...

August 4, 2026
Options Eye $225B Swing in SpaceX Value Ahead of Earnings
Options Eye $225B Swing in SpaceX Value Ahead of Earnings

NEW YORK, Aug 4 (Reuters) - Traders in the ​options market are braced for a swing of roughly $225 billion in the value of SpaceX shares...

Polymarket Seeks Over $20B Valuation, Bloomberg Says
Polymarket Seeks Over $20B Valuation, Bloomberg Says

Polymarket is seeking to raise funds at a valuation ​of more than $20 billion, Bloomberg News ‌reported on Tuesday, citing people familiar...

Bharti Airtel Profit Rises on Subscriber Upgrades
Bharti Airtel Profit Rises on Subscriber Upgrades

India's second-largest telecom operator Bharti Airtel posted a 37.3% rise in first quarter profit on Tuesday, driven by ​subscriber...

India's Nykaa Posts Profit Jump as Fashion Business Ramps Up
India's Nykaa Posts Profit Jump as Fashion Business Ramps Up

India's FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in ​quarterly profit on...

Unitree Seen Worth over 7.4B Yuan after IPO, Citic says
Unitree Seen Worth over 7.4B Yuan after IPO, Citic says

Chinese robot maker Unitree Technology is expected to be ​valued at more than 50 billion yuan ($7.4 billion) after ‌its planned Shanghai IPO,...

Sterling Holds Steady as Traders Watch Iran Talks and Yen
Sterling Holds Steady as Traders Watch Iran Talks and Yen

The pound was little changed on Tuesday as markets waited for further details on possible U.S.-Iran peace talks and traders were on alert...

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...

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...

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...


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