Economic news

Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid...

HCLTech, India's No.3 IT services player, reported a smaller-than-expected fourth-quarter revenue on Friday amid decelerating tech spending...

Sterling steadied on Friday after rising to a two-week high against the dollar as markets awaited for key U.S. inflation data for clues on the...

U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft,...

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and...

LVMH-backed buyout firm L Catterton has agreed to buy a majority stake in KIKO Milano in a deal which a source close to the matter said valued the...

The Russian rouble firmed to a one-month high past 92 to the dollar on Friday after the central bank held interest rates at 16%, as expected, and...

U.S. economic growth (GDP change) slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure...

Bankinter said on Friday it was applying for a full Irish banking licence and entering the deposit market as part of the Spanish bank's...

Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024,...

CITIC Securities Co, China's biggest brokerage, reported on Friday that first-quarter net profit fell 8.5%, hit by the sluggish investment...

Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as record-high borrowing costs kept putting the...

European shares rose on Friday and looked set to end the week higher as investors cheered robust results from tech giants in the United States,...

Britain's FTSE 100 rose to another record high on Friday as strong earnings from U.S. tech giants buoyed investor sentiment, while...

It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones...

Euro zone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European...

Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for about $5.32 billion in cash on Friday, saying it would use its...

Russia's dominant lender Sberbank on Friday reported an 11.3% rise in first-quarter net profit to 397.4 billion roubles ($4.32 billion),...

Nomura Holdings Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year...

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over...

Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly eight years, after India's No.5 IT company announced a...

CVC Capital Partners said on Friday it had set the final price for its initial public offering (IPO) at 14 euros ($15.02) per share, at the...

Thyssenkrupp will sell a 20% stake in its steel business to EP Corporate Group (EPCG), the investment vehicle of Czech billionaire Daniel...

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of...

The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2% in...

The Indian rupee was largely flat on Friday, tracking rangebound Asian peers with traders expecting the local unit to stick to its prevailing range...

Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1.1% from February, after the financial city lifted curbs...

China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the...

South Korea's public finances are no longer a strength for its sovereign credit rating but are now a neutral factor requiring near-term efforts...

Core inflation in Japan's capital slowed much more than expected in April and fell below the central bank's 2% target, data showed on...

The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown,...

U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time...

The Bank of England allotted a record amount of one-week funds in a short-term repo operation on Thursday as it seeks to offset the impact on...

The U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade...

India's engineering goods including steel and machinery exports rose 10.7% year-on-year in March to $11.28 billion, growing in double digits...

Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a...

BNP Paribas beat first-quarter profit forecasts on Thursday as lower costs and a robust performance in global banking helped to offset a steep...

Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and...

Indian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium...

Chemicals maker Dow beat first-quarter profit estimates on Thursday, helped by higher sales volumes as global manufacturing activity shows...

U.S. stock index futures fell on Thursday, as shares of most megacap growth stocks took a beating after dour quarterly results from Meta Platforms,...

The European Energy Exchange's (EEX) revenue rose 19% last year, mainly driven by power and natural gas trading volumes as well as the...