Economic news


Conagra says Tariff Costs will Hit Annual Profit

Conagra says Tariff Costs will Hit Annual Profit

Conagra Brands forecast annual profit below Wall Street expectations on Thursday as it grapples with higher tariff-related costs for products, including its Hunt's ketchup, due to levies on imports from China and on metals. The outlook signals how President Donald Trump's on-and...


July 10, 2025
BMW Shares Rise 4% after Positive pre-Close Earnings Call
BMW Shares Rise 4% after Positive pre-Close Earnings Call

Shares in BMW climbed on Thursday after the German automaker held a well-received pre-close earnings call. Shares in the German premium...

US Weekly Jobless Claims Fall Unexpectedly in Latest Week
US Weekly Jobless Claims Fall Unexpectedly in Latest Week

The number of Americans filing new applications for jobless benefits unexpectedly fell last week, suggesting employers may be holding on to workers...

Ulta Beauty Enters UK with Retail Chain Space NK's Acquisition
Ulta Beauty Enters UK with Retail Chain Space NK's Acquisition

U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space...

Temasek sees more Opportunities in Europe after Investing $7.8B in Region last Year
Temasek sees more Opportunities in Europe after Investing $7.8B in Region last Year

Singapore's state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate...

Spain's Tourism Sector Expects Slowdown in Summer Sales
Spain's Tourism Sector Expects Slowdown in Summer Sales

Spain's tourism industry expects growth in summer sales to slow sharply as uncertainty over U.S. tariff negotiations threatens to...

Copper Traders Look to Chinese Buyers in Post Trump-Tariff World
Copper Traders Look to Chinese Buyers in Post Trump-Tariff World

Global copper traders are offering cargoes to Chinese buyers as they look to offload metal no longer able to reach the U.S. before President Donald...

Bitcoin Soars to all-Time Peak just Shy of $112,000
Bitcoin Soars to all-Time Peak just Shy of $112,000

Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as...

German Exporters don't want US Trade Deal 'at any Price', Trade Group
German Exporters don't want US Trade Deal 'at any Price', Trade Group

German exporters do not want a deal at any price in the trade conflict with the United States, said Dirk Jandura, head of the BGA trade...

Grok AI to be Available in Tesla Vehicles next Week, Musk
Grok AI to be Available in Tesla Vehicles next Week, Musk

Grok AI will be available in Tesla vehicles next week "at the latest", the EV maker's CEO, Elon Musk, said in a post on X on...

Britain's Blue-Chip FTSE 100 Hits Record High as Mining Stocks Surge
Britain's Blue-Chip FTSE 100 Hits Record High as Mining Stocks Surge

The UK's FTSE 100  blue-chip index rose to an all-time high on Thursday, lifted by gains in healthcare and mining stocks, as...

America's Largest Power Grid is Struggling to Meet Demand from AI
America's Largest Power Grid is Struggling to Meet Demand from AI

America's largest power grid is under strain as data centers and AI chatbots consume power faster than new plants can be...

Gerresheimer to Decide on Moulded Glass Spinoff in H2
Gerresheimer to Decide on Moulded Glass Spinoff in H2

German packaging and medical equipment maker Gerresheimer's will decide in the second half of the year if it should spin off its moulded...

BOJ sees Firms Taking US Tariffs in Stride, Cautious on Outlook
BOJ sees Firms Taking US Tariffs in Stride, Cautious on Outlook

Japanese companies are taking U.S. tariffs in their stride for now, but worry about a potential hit from weakening global demand, the central bank...

Pakistan Eyes $1B Valuation in Roosevelt Hotel Redevelopment Plan, Source
Pakistan Eyes $1B Valuation in Roosevelt Hotel Redevelopment Plan, Source

Pakistan is seeking a valuation of at least $1 billion for the Roosevelt Hotel it owns in New York and is ready to part with a minority stake in...

European Shares Rise on Optimism over US-EU Trade Talks
European Shares Rise on Optimism over US-EU Trade Talks

European shares rose on Thursday, buoyed by signs of progress on a potential trade deal between the United States and the European Union. The...

Stocks Climb on AI and Rate Cut Optimism, Unfazed by Tariff Moves
Stocks Climb on AI and Rate Cut Optimism, Unfazed by Tariff Moves

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while...

INR Nudges Higher; Familiar Resistance, Support Levels Tipped to Hold
INR Nudges Higher; Familiar Resistance, Support Levels Tipped to Hold

The Indian rupee ticked up on Thursday, tracking regional peers higher, as a fresh round of tariff threats from the White House did little to move...

Oil Steady amid Bearish Trump Tariff Outlook, Weaker USD
Oil Steady amid Bearish Trump Tariff Outlook, Weaker USD

Oil prices were steady on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global...

Investors Look for Signs European Earnings Can Defy Tariff Turmoil
Investors Look for Signs European Earnings Can Defy Tariff Turmoil

European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight into how companies are...

UK Housing Market Steadies after Tax Hike Downturn, RICS
UK Housing Market Steadies after Tax Hike Downturn, RICS

A downturn in Britain's housing market that followed a tax hike on property transactions in April eased off in June, according to chartered...

S.Korea Signals near-Term Rate Cut, Warns of 'Significant' Uncertainty from US Tariffs
S.Korea Signals near-Term Rate Cut, Warns of 'Significant' Uncertainty from US Tariffs

South Korea's central bank held interest rates steady on Thursday but a majority of board members signalled another rate cut in the next three...

Wall St Rises as Fed Minutes Put Rate Cuts in Focus, Nvidia Hits $4Tn Milestone
Wall St Rises as Fed Minutes Put Rate Cuts in Focus, Nvidia Hits $4Tn Milestone

0Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal...

Bank of Korea Holds Interest Rates Steady, as Expected
Bank of Korea Holds Interest Rates Steady, as Expected

South Korea's central bank held interest rates steady on Thursday, in line with expectations, as it steered a cautious path amid concerns about...

Japan's Wholesale Inflation Slows, Relieves Interest Rate-Hike Pressure
Japan's Wholesale Inflation Slows, Relieves Interest Rate-Hike Pressure

Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up...

Czech Govt Bans DeepSeek Usage in Public Administration
Czech Govt Bans DeepSeek Usage in Public Administration

The Czech government has banned the country's public administration from using any of the services of Chinese AI startup DeepSeek due to data...

Nvidia's Stock Market Value Hits $4 Trillion on AI Dominance
Nvidia's Stock Market Value Hits $4 Trillion on AI Dominance

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the...

July 9, 2025
Nvidia-Backed Perplexity Launches AI-Powered Browser to Take On Google Chrome
Nvidia-Backed Perplexity Launches AI-Powered Browser to Take On Google Chrome

Nvidia-backed Perplexity AI said on Wednesday it has launched Comet, a new web browser with AI-powered search capabilities, as the startup looks to...

Global Banks Predicted to Get 10% Trading Revenue Boost on Tariff Turmoil
Global Banks Predicted to Get 10% Trading Revenue Boost on Tariff Turmoil

Global banks including top U.S. lenders are expected to report a 10% gain in markets revenue as traders cashed in on shifting U.S. tariff policies,...

Canadian Companies Diversify Trade during US Tariff War but Experts See Limits
Canadian Companies Diversify Trade during US Tariff War but Experts See Limits

Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald...

ASML Scraps Inclusion and Diversity Targets in the US
ASML Scraps Inclusion and Diversity Targets in the US

Dutch semiconductor equipment supplier ASML has dropped its inclusion and diversity targets in the U.S. to comply with regulations there, it...

Asian Paints Sells Entire Stake in Akzo Nobel India
Asian Paints Sells Entire Stake in Akzo Nobel India

Asian Paints said on Wednesday it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel...

EU Seeks Trade Deal with Trump this Month, new Tariff Notices Due
EU Seeks Trade Deal with Trump this Month, new Tariff Notices Due

The European Union said it was working on sealing a trade deal with the United States by the end of the month, while U.S. President Donald...

USD Pinned at more than 2-wk High versus JPY, Trade War Intensifies
USD Pinned at more than 2-wk High versus JPY, Trade War Intensifies

The dollar hovered near a more than two-week high against the yen on Wednesday as U.S. President Donald Trump pledged more trade-related...

Sterling Steady as Investors Weigh BoE's Financial Stability Report, Tariff Uncertainty
Sterling Steady as Investors Weigh BoE's Financial Stability Report, Tariff Uncertainty

Sterling was little changed on Wednesday, as investors digested the Bank of England's half-yearly report on financial stability and assessed...

China Unveils new Steps to Aid Employment Amid Trade Tensions
China Unveils new Steps to Aid Employment Amid Trade Tensions

China unveiled new measures on Wednesday to stabilise employment, including expanded social insurance subsidies, special loans, and targeted...

Investors Set for First US Earnings Quarter under Tariff War
Investors Set for First US Earnings Quarter under Tariff War

U.S. companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald...

Rupee, Forward Premiums Tread Water with Fed Minutes and Tariffs in Focus
Rupee, Forward Premiums Tread Water with Fed Minutes and Tariffs in Focus

The Indian rupee closed nearly unchanged on Wednesday, tracking a muted reaction in global markets to the latest trade salvos from the White House,...

European Shares Rise as Investors Eye US Trade Signals
European Shares Rise as Investors Eye US Trade Signals

European shares rose on Wednesday, led by banks, as investors awaited signs of progress on a trade accord with the United States. The...

Oil Edges Up to 2-wk High on Lower US Output Forecast, Renewed Red Sea Attacks
Oil Edges Up to 2-wk High on Lower US Output Forecast, Renewed Red Sea Attacks

Oil prices edged up to a two-week high on Tuesday on forecasts for less U.S. oil production, renewed Houthi attacks on shipping in the Red Sea,...

VW Branded e-Car Sales Up 14% in H1, Handelsblatt Reports
VW Branded e-Car Sales Up 14% in H1, Handelsblatt Reports

Volkswagen's core VW brand saw global sales volumes of electric vehicles gain 14.3% during the first half of the year as the German...

Gold Hits over 1-Week Low as Firmer US Dollar, Yields Weigh
Gold Hits over 1-Week Low as Firmer US Dollar, Yields Weigh

Gold prices fell on Wednesday to their lowest point in more than a week, pressured by a stronger U.S. dollar and rising Treasury yields, as the...

USD Firm, Asian Stocks Mixed; Traders Ponder Tariff Outlook
USD Firm, Asian Stocks Mixed; Traders Ponder Tariff Outlook

The U.S. dollar traded close to a 2-1/2-week high versus major peers on Wednesday while copper hit an all-time peak overnight after U.S....


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