Economic news

KPN will keep a close eye on energy usage this year partly by modernising its network, its finance chief said, as the Dutch telecoms company...

The dollar gave up gains made earlier on Tuesday after data showed U.S. labor costs increased less than expected in the fourth quarter, and before...

World stocks stumbled and bond yields edged lower on Tuesday as hotter than anticipated European inflation numbers jangled investor nerves ahead of...

Sterling slipped to a one week low against the U.S. dollar on Tuesday, ahead of the Bank of England's expected 10th consecutive interest rate...

Germany's unemployment rate remained stable in January, Labour Office figures showed on Tuesday. The Federal Labour Office said the number of...

Euro zone banks have tightened companies' access to credit by the most since the 2011 debt crisis and expect to continue doing so as they turn...

The UK's main stock indexes slipped on Tuesday, as investors braced for a series of interest rate hikes from major central banks this week,...

Chinese electric vehicle (EV) giant BYD said on Tuesday it is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that...

Gold prices eased on Tuesday, but were en route to their third straight monthly gain, as market participants awaited the U.S. Federal Reserve...

German retail sales unexpectedly fell in December, as a Christmas shopping period weighed down by high inflation and the energy crisis revived...

Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations...

Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in...

UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results, further hiking one of the...

Asian shares edged down and bonds nursed small losses on Tuesday as investors braced for an eventful week that will include central bank meetings,...

A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy announcements...

Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and sky-high inflation finally sank...

European shares slipped on Monday as hotter-than-expected inflation data from Spain added to market jitters as investors brace for a slew of...

Crucial euro zone inflation data due a day before the European Central Bank's Thursday meeting will only include an estimate for Germany after...

China's BYD Co , the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, expects its 2022 net profit to be more...

Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation...

German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis triggered by Russia's invasion of...

Sterling edged lower against the U.S. dollar on Monday ahead of a number of central bank meetings this week including the Bank of England's,...

Italy's post office Poste Italiane plans to invest 1.2 billion euros ($1.3 billion) of mostly public money to renovate 7,000 outlets...

The euro rose on Monday after unexpectedly high Spanish inflation data raised expectations for a higher euro area print on Wednesday, while the...

Britain said on Monday it will launch a public consultation on new rules requiring higher disclosure standards from private pensions schemes to...

European shares fell on Monday, as cautious investors anticipated a slew of interest rate hikes by prominent central banks this week, with shares...

Oil steadied on Monday as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East...

The German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe's largest economy may be entering a...

UK stocks slipped on Monday as investors refrained from making risky bets ahead of key central bank decisions this week, while gains in Unilever...

Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the...

Germany's Commerzbank said on Monday that it met an important profit criteria to join Germany's benchmark DAX index of blue-chip...

The Indian rupee, unlike its Asian peers, declined against the U.S. currency on Monday on dollar demand from foreign banks and importers, according...

Pakistan's ministry of finance announced on Sunday petrol and diesel prices would rise by 35 rupees ($0.1400) a litre after the country's...

Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world's top-selling automaker for a...

Retail group Bestway, the owner of Costcutter, has built a 3.45% stake in Sainsbury's, describing the move as an investment and not a step...

Sterling edged lower on Friday but was not far from its highest level in over seven months against the dollar. Investors expect the British...

The dollar edged up on Friday to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew...

Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year...

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and...

UK's FTSE 100 was flat on Friday as jitters grew ahead of a slate of central bank decisions next week, although shares of Sainsbury's...

European shares were muted on Friday as investors refrained from placing aggressive bets ahead of a slew of central bank meetings next week, while...

LVMH shares, which hit a record high earlier this month, fell on Friday as some analysts aired disappointment at the company's margins,...