Economic news


Volvo Cars' February-April Sales Volume Down 10% y/y

Volvo Cars' February-April Sales Volume Down 10% y/y

Sweden-based Volvo Cars sold 162,864 cars in ​the three months through April, down ‌10% from the same period a year earlier, it said on Tuesday. China sales remained ​weak amid competitive and macro pressures, ​while U.S. deliveries continued to face ⁠softer customer sentiment, slo...


May 5, 2026
HSBC Shares Sink 6% on $400M Hit from MFS Collapse
HSBC Shares Sink 6% on $400M Hit from MFS Collapse

HSBC reported an unexpected $400 million loss linked to the collapse of ​British-based mortgage lender Market Financial Solutions on Tuesday,...

UniCredit Launches Commerzbank Bid, it Posts Record Earnings
UniCredit Launches Commerzbank Bid, it Posts Record Earnings

Italy's UniCredit on Tuesday launched a bid to ‌raise its stake in Commerzbank despite firm German opposition, as income...

Ferrari Sticks to Forecasts after Modest Q1 Earnings Rise
Ferrari Sticks to Forecasts after Modest Q1 Earnings Rise

Luxury sports car maker Ferrari on Tuesday stuck to its full year guidance after ‌posting a modest first-quarter core earnings increase,...

BioNTech to Close Sites in Germany, Singapore Affecting 1,860 Staff
BioNTech to Close Sites in Germany, Singapore Affecting 1,860 Staff

BioNTech said on ‌Tuesday it would close sites affecting up to 1,860 jobs and buy back up to $1 billion worth of its shares, as the...

Bank of England Projects 125 bln Pound Loss for QE Programme
Bank of England Projects 125 bln Pound Loss for QE Programme

The Bank of England estimated on ​Tuesday that its quantitative ‌easing programme would rack up a net financial loss of ​around 125 billion...

UK New Car Sales to Hit nearly 2.1 Million in 2026, SMMT
UK New Car Sales to Hit nearly 2.1 Million in 2026, SMMT

British new car registrations are expected to rise to nearly ​2.1 million units in 2026, the Society of Motor Manufacturers and ‌Traders said...

Bullish to Buy Equiniti for $4.2B in Markets Push
Bullish to Buy Equiniti for $4.2B in Markets Push

Bullish said on Tuesday it will buy transfer agent Equiniti in a deal valued at $4.2 billion, ​as the cryptocurrency exchange looks to...

FTSE 100 Slides 1%; HSBC's Result, Oil Surge Dent Sentiment
FTSE 100 Slides 1%; HSBC's Result, Oil Surge Dent Sentiment

The UK's FTSE 100 ​slid 1% on Tuesday, as traders returned from a bank holiday ‌to witness a rout in financial stocks driven by HSBC's...

Sterling Steady as UK Local Elections Loom
Sterling Steady as UK Local Elections Loom

The British pound was broadly steady on Tuesday as traders focused on UK local elections on Thursday that could add to the pressure ​on...

Indonesia's Q1 Economic Growth is Fastest in over 3 Years
Indonesia's Q1 Economic Growth is Fastest in over 3 Years

Indonesia's economy grew at its fastest annual pace in ​more than three years at the start of 2026, boosted by a surge in government spending...

Mahindra Beats Forecasts, Eyes Mid-to-High Teens Growth
Mahindra Beats Forecasts, Eyes Mid-to-High Teens Growth

Thar-maker Mahindra & Mahindra < MAHM.NS> forecast mid-to-high teens percentage growth in SUV volumes this fiscal year on Tuesday,...

Stocks Rise on Upbeat Earnings and Dip in Oil Prices
Stocks Rise on Upbeat Earnings and Dip in Oil Prices

Global stocks rose on Tuesday, taking some heart from a series of robust earnings, while simmering hostilities between the U.S. ​and Iran over the...

European Shares Gain as Earnings Offset Mideast Fear
European Shares Gain as Earnings Offset Mideast Fear

European shares edged higher on Tuesday, recouping slightly from a slump in the previous session, as investors ‌assessed upbeat corporate...

Dollar Holds Steady as Middle East Truce Looks Shaky
Dollar Holds Steady as Middle East Truce Looks Shaky

The U.S. dollar was little ​changed on Tuesday as markets weighed developments in the Iran war, while the yen steadied in muted trade after...

Oil Eases as US Signals Loosening of Hormuz Strait Closure
Oil Eases as US Signals Loosening of Hormuz Strait Closure

Oil prices eased ​1% on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy ‌is loosening Iran's grip...

Gold Rebounds from 5-Week Low but Inflation Fears Cap Gains
Gold Rebounds from 5-Week Low but Inflation Fears Cap Gains

Gold prices rose on ‌Tuesday from a five-week low hit in the previous session, although gains were limited as elevated crude oil prices kept...

EU Investment Banks Stutter as Wall St Rivals Power Ahead
EU Investment Banks Stutter as Wall St Rivals Power Ahead

Europe's investment banks are struggling to maintain market share as Wall Street titans power ahead, ​fuelled by regulatory changes and vast...

Rupee at Risk of All-Time Low on Long-Standing Oil Drag
Rupee at Risk of All-Time Low on Long-Standing Oil Drag

The Indian rupee is vulnerable to slipping to a lifetime low against the U.S. dollar on Tuesday on higher oil prices, reinforcing a ​pressure point...

GameStop $56B eBay Bid Raises Financing Doubts: Investors
GameStop $56B eBay Bid Raises Financing Doubts: Investors

GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger ​eBay drew skepticism from investors and...

US Restaurant Sales Drop as Iran War Lifts Gasoline Costs
US Restaurant Sales Drop as Iran War Lifts Gasoline Costs

Several U.S. restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter,...

May 4, 2026
KKR-Backed GMR Eyes $5 Billion Valuation in US IPO
KKR-Backed GMR Eyes $5 Billion Valuation in US IPO

Emergency medical ‌services provider GMR Solutions said on Monday it was targeting a valuation of up to $5 billion in its U.S. initial public...

Tyson Foods Profit Beats Estimates on Strength in Chicken Business
Tyson Foods Profit Beats Estimates on Strength in Chicken Business

Meat packer Tyson Foods reported better-than-expected quarterly earnings ‌on Monday, as rising chicken sales helped counter a sharp drop...

Blackstone Unit Seeks $1.7B in US IPO for Data Center Bet
Blackstone Unit Seeks $1.7B in US IPO for Data Center Bet

A newly minted Blackstone investment vehicle is aiming to raise slightly over $1.7 billion in an initial public offering in the ​United States...

Amazon Opens Logistics Network to other Firms in Growth Push
Amazon Opens Logistics Network to other Firms in Growth Push

Amazon.com is giving other businesses access to its supply chain network that has powered ​the e-commerce behemoth's operations for decades,...

Global Equity Funds See Inflows for 6th Week on Earnings
Global Equity Funds See Inflows for 6th Week on Earnings

Global equity funds drew inflows for a sixth straight week through April 29, as optimism over strong first-quarter earnings outweighed investor...

US Restaurant Sales Drop as Iran War Pushes Gasoline Prices Higher
US Restaurant Sales Drop as Iran War Pushes Gasoline Prices Higher

Several U.S. restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter,...

Euro Zone Investor Morale Improves Slightly in May, Sentix Survey
Euro Zone Investor Morale Improves Slightly in May, Sentix Survey

The Sentix index measuring investor morale in the euro zone improved slightly ​in May, indicating that investors do ‌not expect a further...

ECB Surveys See Quick Return of Inflation to Target
ECB Surveys See Quick Return of Inflation to Target

Euro zone inflation will surge this year on higher energy prices but will then quickly ​retreat and will be around the 2% target ‌by next...

Rupee Hits Record Closing Low on NDF Maturities, Oil Rise
Rupee Hits Record Closing Low on NDF Maturities, Oil Rise

The Indian rupee slipped to its weakest closing level on record on Monday, pressured by heightened dollar demand ​from maturing non-deliverable...

Euro Area Factories Buy Materials in Apr, Optimism Slumped: PMI
Euro Area Factories Buy Materials in Apr, Optimism Slumped: PMI

Euro area manufacturers rushed to build inventories of raw materials in April amid fears of further supply disruptions and higher costs linked...

French Manufacturing Output and Orders Rise in April on Inflation Fears, PMI
French Manufacturing Output and Orders Rise in April on Inflation Fears, PMI

French manufacturing output and new orders rose in April as customers sped ​up purchases due to inflationary pressures linked ‌to...

GameStop Makes Bold $56B Play for eBay, Ready to Go Hostile
GameStop Makes Bold $56B Play for eBay, Ready to Go Hostile

GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was ​prepared...

Yen Spikes Then Retreats; Markets Eye Further Intervention
Yen Spikes Then Retreats; Markets Eye Further Intervention

The yen saw another sharp, intraday jump against the dollar ​on Monday, prompting speculation about another bout of intervention by...

India Resumes Wheat Exports; High Prices to Limit Demand
India Resumes Wheat Exports; High Prices to Limit Demand

Indian traders have begun exporting wheat for the first time ‌in four years, as ample stocks, higher global prices and firmer freight rates...

Three-Circle seeks $1B in Hong Kong listing: Sources
Three-Circle seeks $1B in Hong Kong listing: Sources

Chaozhou Three-Circle Group, a Chinese maker of small ceramic components ‌used in phones, cars, data centres and telecom equipment, aims to...

Shares in German Carmakers Fall after Trump Tariff Hike
Shares in German Carmakers Fall after Trump Tariff Hike

Shares in German carmakers ‌and auto part suppliers slid on Monday after U.S. President Donald Trump announced an increase in car ​import...

Indonesia's March Trade Surplus Expands to $3.32 Billion
Indonesia's March Trade Surplus Expands to $3.32 Billion

Indonesia's trade surplus of $3.32 billion in March was larger than expected, despite a contraction in ‌exports, as imports grew less than...

Gold Eases as Inflation, Iran War cloud US Rate View
Gold Eases as Inflation, Iran War cloud US Rate View

Gold prices nudged lower in thin trade on Monday, ‌weighed down by inflation worries that clouded the U.S. monetary policy outlook, while...

India April Factory Growth Slow amid War Costs: PMI
India April Factory Growth Slow amid War Costs: PMI

India's manufacturing growth edged up slightly in April but remained stuck near a four-year ​low as weak demand and soaring input costs...

Stocks Gain in Asia, Oil Flat amid new Gulf Proposals
Stocks Gain in Asia, Oil Flat amid new Gulf Proposals

Shares edged higher while oil prices flatlined in Asia on Monday as ​investors drew comfort from signs of patchy progress in settling the Middle...

S&P, Nasdaq Notch Weekly Gains after Earnings Wave
S&P, Nasdaq Notch Weekly Gains after Earnings Wave

The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip ​in crude prices, and turning the...

Asia Finance Heads Ready to Act against Volatility
Asia Finance Heads Ready to Act against Volatility

Finance leaders of China, Japan, South Korea and the ASEAN group of 10 Southeast ​Asian states said on Sunday they would ‌pay attention to...


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