Economic news

The European Union's trade chief will hold negotiations this week in Washington to avert higher U.S. tariffs just days before a July...

Alphabet's Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers...

Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion,...

Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial intelligence, the German...

German inflation eased in June, preliminary data from the federal statistics office showed on Monday, despite forecasts suggesting a slight...

Blackstone's gambling company Cirsa will seek a valuation of 2.52 billion euros ($2.95 billion) in an initial public offering of shares...

The dollar slid on Monday against the yen and was pinned at its lowest in almost four years against the euro, as market optimism over U.S. trade...

Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as...

There has been no disruption to production due to limited raw material exports from China at German carmaker Mercedes-Benz , a senior...

Sterling was on track for its biggest quarterly rise against the dollar in more than two years on Monday, aided by weakness in the dollar across...

London's stock indexes were mixed on Monday as a relief rally driven by easing geopolitical tensions and U.S. tariffs fizzled out, while...

The Indian rupee slipped on Monday to end the month and quarter slightly lower, trailing most Asian peers amid muted portfolio inflows and weighed...

Gold firmed on Monday as the dollar hovered near its lowest level in more than three years, while the market's focus shifted to a slew of U.S....

The number of mortgages approved by British lenders for house purchases unexpectedly jumped in May, according to Bank of England data that...

Chinese investors are piling into Hong Kong shares lured by lower valuations and the city's strategic position in China's growing rivalry...

Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil...

Lending growth to euro zone businesses stalled last month, suggesting that trade uncertainty and weak overall growth offset any support provided by...

German medical technology firm Brainlab is expected to price at 80 euros ($93.86) per share in its initial public offering planned for Thursday,...

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved...

Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to...

A million-dollar question will hang over the world's top central bankers when they meet in Sintra, Portugal, from Monday evening: Is the...

Indonesia's trade surplus in May is expected to widen to $2.53 billion as growth of imports is expected to drop from a double-digit rise in the...

Shares indices rose in Asia on Monday as the revival of trade talks between the United States and Canada helped risk sentiment, while the...

The S&P 500 and the Nasdaq Composite hit all-time highs on Friday as renewed AI enthusiasm and the prospect of a looser monetary policy powered...

China's manufacturing activity shrank for a third straight month in June, though at a slower pace, as increases in new orders, purchasing...

Japanese factory output rose at a slower-than-expected pace in May, government data showed on Monday, as sweeping U.S. tariffs were threatening to...

Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees ($117 million) through the sale of retail bonds, and has...

Chinese automaker BYD will invest 32 billion forints ($94 million) in a new plant in the northern Hungarian town of Komarom, tripling its...

Canada's main stock index inched up to an all-time high on Friday, but losses in heavyweight mining shares kept gains in check, while investors...

The South African rand was slightly up on Friday after sharp falls a day earlier, shrugging off a dispute between President Cyril Ramaphosa and his...

Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China production for...

The goal of ending extreme poverty around the globe remains elusive partly due to compounding challenges faced by economies in fragile and...

Canada's economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty negated...

Meta Platforms may face daily fines if EU regulators decide the changes it has proposed to its pay-or-consent model fail to comply with an...

Exceptionally strong initial orders for Xiaomi's YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record...

The pound was set for its biggest weekly gain against the dollar in nearly four months on Friday and held close to its near four-year high hit the...

Australia's Santos said on Friday it had granted exclusive due diligence for a period of six weeks to an international consortium led by...

European stocks rose on Friday, led by automakers, as signs of easing trade tensions between Beijing and Washington raised hopes of a de-escalation...

French consumer prices rose more than expected in June, ending a streak of declining inflation as service costs accelerated and energy price falls...

Spain's European Union-harmonised 12-month inflation rate inched up in June to 2.2%, pushed higher by fuel and food and non-alcoholic...

Italian merchant bank Mediobanca said on Friday it would return 4.9 billion euros ($5.74 billion) to shareholders, mostly in cash, over three...

Gold declined on Friday and was headed for a second straight weekly loss, as the Israel-Iran ceasefire deal and progress on a U.S.-China trade...