Economic news


Dow Hits Record High after Soft Jobs Data; Nasdaq Dips

Dow Hits Record High after Soft Jobs Data; Nasdaq Dips

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The S&P 500 ended flat on the day. Th...


July 3, 2026
Oil Prices Stable as US-Iran Peace Efforts Hold
Oil Prices Stable as US-Iran Peace Efforts Hold

Oil prices were steady on Friday and little changed ​for the week as traders held on to hopes for a successful outcome from attempts ‌to...

India Seeks to Quell Backlash over Ethanol Fuel 'Experiment'
India Seeks to Quell Backlash over Ethanol Fuel 'Experiment'

India's government on Friday ​sought to contain a growing backlash against its mandatory use of 20% ethanol-blended petrol, as consumers...

Japan Keeps Yen Intervention Threat Alive, Eyes US Ties
Japan Keeps Yen Intervention Threat Alive, Eyes US Ties

Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama ‌said Tokyo was in regular contact with...

GBP Set for Biggest Weekly Jump in 12 Weeks on Soft USD
GBP Set for Biggest Weekly Jump in 12 Weeks on Soft USD

The British pound was headed for its biggest weekly jump in 12 weeks against the U.S. ‌dollar on Friday, helped by easing domestic political...

India's Adani Enterprises Upsizes Share Sale to $1.75B
India's Adani Enterprises Upsizes Share Sale to $1.75B

India's Adani Enterprises increased the ​size of its qualified institutional placement by 50% to ‌150 billion rupees ($1.75 billion)...

Gold Heads for 1st Weekly Rise in 5 on Easing Rate-Hike Bets
Gold Heads for 1st Weekly Rise in 5 on Easing Rate-Hike Bets

Gold rose more than 1% on Friday and ‌was set for its first weekly gain in five, as investors dialled back expectations for U.S. rate hikes...

India's June Services PMI Drops to 17-Month Low
India's June Services PMI Drops to 17-Month Low

India's dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply ​and overall new...

Rupee Posts Modest Gains on Corporate Hedging
Rupee Posts Modest Gains on Corporate Hedging

The Indian rupee was a tad stronger on Friday but on course for a weekly ​decline as hedging demand and intermittent maturities of non-deliverable...

India's HCLTech Wins $1.14 Billion Deal with European Firm
India's HCLTech Wins $1.14 Billion Deal with European Firm

 India's HCLTech ​has won a $1.14 billion deal with a ‌major European firm, the software services exporter said on...

Asian Markets Find Footing as US Jobs Data, PMIs Lift Stocks
Asian Markets Find Footing as US Jobs Data, PMIs Lift Stocks

Stocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold ‌water on the prospect of an imminent...

EU Trade with US Hits Record Despite Tariff Tensions, Study
EU Trade with US Hits Record Despite Tariff Tensions, Study

The trade of goods between the EU and the U.S. reached a record €875 ​billion ($1.00 trillion) last year despite mounting tariff pressures,...

Skyroot Readies Country's 1st Private Orbital Rocket Launch
Skyroot Readies Country's 1st Private Orbital Rocket Launch

Indian space startup Skyroot Aerospace said on Thursday it was preparing for the launch of ​its Vikram-1 rocket, the first attempt by an...

Robot Maker Unitree Wins Approval for $619M Shanghai IPO
Robot Maker Unitree Wins Approval for $619M Shanghai IPO

SINGAPORE, July 3 (Reuters) - Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans...

Hong Kong's Assets under Management Hit Record $5.38Tn: SFC
Hong Kong's Assets under Management Hit Record $5.38Tn: SFC

Hong Kong's assets under management surged 20% to a record HK$42.2 trillion ($5.38 trillion) ​in 2025, marking a third consecutive ‌year...

Marico Sees Q1 Revenue Growth in Low-20% on High Demand
Marico Sees Q1 Revenue Growth in Low-20% on High Demand

Indian consumer goods maker Marico said on Thursday it expects consolidated first-quarter revenue to grow in the low-twenties ​percentage...

Tesla's China-Made EV Sales Rise 24.4% Year on Year in June
Tesla's China-Made EV Sales Rise 24.4% Year on Year in June

Tesla's China-made electric vehicle sales rose for an eighth month in June, supported by an extended ​recovery in the U.S. automaker's...

China's June Services Activity Slows Slightly, Private PMI
China's June Services Activity Slows Slightly, Private PMI

China's services activity expanded at a slightly slower pace in June as growth in ​new business eased, though overseas demand rose ​at the...

July 2, 2026
Russian Fuel Crisis Prompts Rush for Electric Cars
Russian Fuel Crisis Prompts Rush for Electric Cars

A Moscow ​car dealership is struggling to keep up with demand for new electric vehicles as ‌drivers look to sidestep a fuel crisis that has...

Rivian Raises 2026 Forecast on Strong Demand; Shares Soar
Rivian Raises 2026 Forecast on Strong Demand; Shares Soar

Rivian Automotive ​raised its annual delivery forecast on Thursday, betting on strong demand ‌for its R1 models and electric delivery...

US Factory Orders Fall in May on Weak Aircraft Demand
US Factory Orders Fall in May on Weak Aircraft Demand

New orders for U.S. factory goods fell in May amid a decline in bookings for commercial aircraft, ​but demand elsewhere remained strong, partly...

Lucid Names new CFO, Misses Quarterly Delivery Estimates
Lucid Names new CFO, Misses Quarterly Delivery Estimates

Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance ​chief, the latest leadership...

Microsoft Invests $2.5B in new Corporate AI Firm
Microsoft Invests $2.5B in new Corporate AI Firm

Microsoft said on Thursday it is creating a new company that will help customers select AI technologies that work for their businesses and...

Car Makers Tap US 250th, World Cup for Patriotism
Car Makers Tap US 250th, World Cup for Patriotism

U.S. automakers have long infused their marketing campaigns with American pride and imagery. ​But this summer’s combination of the...

FTSE 100 Rises on Healthcare, Beverages Ahead of US Jobs
FTSE 100 Rises on Healthcare, Beverages Ahead of US Jobs

London's FTSE 100 climbs, supported by defensive healthcare and beverage stocks, as investors awaited U.S. payrolls data for ​clues on the...

China Resources New Energy Doubles in 2026's Biggest IPO
China Resources New Energy Doubles in 2026's Biggest IPO

Shares of China Resources New Energy more than doubled at Thursday's trading debut in Shenzhen, after the wind and solar ​power firm...

Gold Rises on Soft Employment Data, Lower Oil
Gold Rises on Soft Employment Data, Lower Oil

Gold climbed ‌on Thursday, bolstered by soft jobs data, weaker oil and comments from the Federal Reserve chair that suggested inflation risks...

Rupee's Losing Streak Extends Despite Dollar Slump
Rupee's Losing Streak Extends Despite Dollar Slump

The Indian rupee declined for the fourth consecutive session against the dollar on Thursday as market flows ​related to arbitrage trades and...

Oil Falls for 3rd Day After US-Iran Doha Talks
Oil Falls for 3rd Day After US-Iran Doha Talks

Oil prices fell ​more than 1% for the third consecutive day on Thursday as concerns over supply disruptions ‌eased after Qatar said Iran...

GBP Hits 1-yr High Versus EUR; Rallies as USD Takes JPY Hit
GBP Hits 1-yr High Versus EUR; Rallies as USD Takes JPY Hit

The pound rose to a one-year high against the euro on Thursday and jumped against the dollar as swings in the Japanese yen caused...

Foundation Healthcare Launches $187M Singapore IPO
Foundation Healthcare Launches $187M Singapore IPO

SINGAPORE, July 1 (Reuters) - Foundation Healthcare Holdings will raise about S$242 ​million ($186.7 million) through an initial ‌public...

Yen Rallies; Traders Alert to Intervention and US Payrolls
Yen Rallies; Traders Alert to Intervention and US Payrolls

The Japanese yen rose sharply against the dollar on Thursday as ​traders braced for possible intervention from Japanese authorities, who...

Italy Jobless Rate at Record Low of 5% in May, 22k Jobs Lost
Italy Jobless Rate at Record Low of 5% in May, 22k Jobs Lost

Italy's unemployment rate fell slightly to 5.0% in May but a ​net 22,000 jobs were lost during the month, ‌with the fall in the jobless...

In Sintra, World's Central Bankers Find Ally in New Fed Chief
In Sintra, World's Central Bankers Find Ally in New Fed Chief

Central bank officials from around the world believe they may have found a new ally in Federal Reserve Chair Kevin Warsh, providing a rare point of...

Yen Jumps, with Traders Twitchy about Intervention Risk
Yen Jumps, with Traders Twitchy about Intervention Risk

The yen jumped suddenly against the dollar on Thursday, with traders alert to ‌the prospect of intervention from Japan to prop up its...

ECB Pushes Back on Calls for Lower Bank Capital Levels
ECB Pushes Back on Calls for Lower Bank Capital Levels

The European Central Bank pushed back on industry calls for lower bank capital ​requirements on Thursday, arguing that the current requirements...

UK Business Morale Slumps; Iran War Pushes Up Costs: Survey
UK Business Morale Slumps; Iran War Pushes Up Costs: Survey

British business confidence fell to its lowest since 2022 as the Iran war, which pushed up costs, saps ​expectations for future sales, a survey of...

Asian Shares Fall on Chipmaker Drag; US Jobs Data Looms
Asian Shares Fall on Chipmaker Drag; US Jobs Data Looms

Asian shares extended declines ​on Thursday as investors rotated out of chipmakers after a stellar quarter, while currency and bond markets braced...

South Korea's Inflation Rate Quickens to 2-1/2-Year High
South Korea's Inflation Rate Quickens to 2-1/2-Year High

South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing ​expectations for an interest rate hike ‌by...

Danantara Indonesia's Financial Report Process Ongoing
Danantara Indonesia's Financial Report Process Ongoing

Sovereign wealth fund Danantara Indonesia said on Thursday that the companies under its ​control have all completed their financial...

OpenAI Proposes Handing Trump Administration 5% Stake, FT
OpenAI Proposes Handing Trump Administration 5% Stake, FT

OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times ​reported on Thursday, as AI firms face growing scrutiny in...

Samsung Plans $90B Investment in South Korea Central Region
Samsung Plans $90B Investment in South Korea Central Region

Samsung Group detailed plans on Thursday to invest 140 ​trillion won ($90 billion) for production ‌of display panels, batteries, chips and...

Wall Street Ends Choppy Session Lower as Tech Shares Drop
Wall Street Ends Choppy Session Lower as Tech Shares Drop

U.S. stocks finished slightly ​lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P...


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