Economy News

Over the last three years, retailer Target has weathered intense criticism from consumers who have questioned its merchandise choices and...

The shale revolution that made the United States the world's top oil producer is taking shape in the Arabian Desert. Deep in the sands...

South Africa's power utility Eskom on Friday announced a further 29% reduction in electricity prices for two distressed ferrochrome firms in a...

India's economic growth slowed in the October-December quarter as government spending and private investment eased, but the South Asian nation...

El Salvador-based stablecoin issuer Tether said it has frozen about $4.2 billion of its crypto tokens over links to "illicit activity",...

India's economy grew 7.8% in October-December from the same period a year earlier, down from an 8.4% expansion in the previous quarter as...

The Australian dollar was poised for another sharp monthly gain on Friday as expectations grow for a more hawkish central bank, while the yuan lost...

China's central bank moved to rein in the fast-rising yuan on Friday, scrapping risk reserves requirements for forex forward contracts in a...

An AI productivity boom, if it materialises, may help buy major economies more time to clean up their strained public finances, economists say,...

Asian shares wobbled while the yen and U.S. Treasuries rose on Friday, as concerns about technology company valuations and geopolitical hotspots...

Britain is on track to issue the lowest amount of long-dated government debt in two decades in the next financial year as it scales back overall...

Indonesia's trade surplus is expected to have widened in January from a month earlier as double-digit growth in exports offset higher imports,...

South Korea's exports likely rose for a ninth straight month in February as a global boom in artificial intelligence investment drove a surge...

The average rate on the popular U.S. 30-year fixed-rate mortgage fell below 6% this week for the first time in 3-1/2 years, but the decline is...

The number of Americans filing new applications for jobless benefits increased slightly last week and the unemployment rate appeared to hold steady...

The European Central Bank sold some of its dollar assets early last year and reduced the weight of the dollar in its foreign exchange reserves in...

Nearly 1 million Britons aged 16-24 were not in employment, education or training at the end of last year, the second-highest level in more than a...

European Central Bank President Christine Lagarde hinted again at serving out her term to complete projects including the digital euro, in a fresh...

Europe's benchmark index hit a record high on Thursday, driven by upbeat corporate earnings from the likes of Schneider and Indra, while...

Ocado will cut about 1,000 jobs as part of a cost-saving drive aimed at helping the British technology and online grocery group turn cash-flow...

The European Central Bank expects food inflation, which is crucial for consumers' perception of price stability, to settle just above its 2%...

Private home prices in Hong Kong rose 0.5% in January, the eighth consecutive month of increase, strengthening signs of a housing recovery as...

GSK on Wednesday agreed to pay $950 million in cash for Canadian biopharmaceutical company 35Pharma Inc, which is developing a medicine for...

A leading indicator of Japan's services sector prices rose 2.6% in January from a year earlier, data showed on Wednesday, a sign rising wages...

Britain on Tuesday sanctioned Maritime Mutual, the New Zealand-based marine insurer that was the subject of a Reuters special report into...

U.S. consumer confidence rebounded more than expected in February amid an improvement in households' perceptions of the labor market, a survey...

Mexico's annual inflation rate hit 3.92% in the first half of February, official data showed on Tuesday, slightly above the 3.89% expected by...

Japan said on Tuesday it had asked the United States to ensure its treatment under a new tariff regime would be as favourable as in an existing...

India will overhaul how it calculates real GDP growth under a revised national accounts series due to launch this week, the country's top...

The mood among German exporters improved in February, a survey by the Ifo economic institute showed on Tuesday, but the latest changes to U.S....

Gilead Sciences will pay as much as $7.8 billion to acquire partner Arcellx in its largest deal since 2020, the biopharma company said on Monday,...

German business morale rose slightly more than expected in February, reaching its highest level since August and pointing to the German economy...

Indonesia reported a 54.6 trillion rupiah ($3.25 billion) budget deficit in January, or 0.21% of its gross domestic product, with spending jumping...

Far from being a source of relief, the Supreme Court's takedown of President Donald Trump's tariffs has infused new risks and...

Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing...

The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers...

U.S. stocks ended higher on Friday, led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court struck...

British businesses extended an early 2026 recovery in February and consumers started the year confidently, data showed on Friday, although...

British retail sales volumes rose in January at the fastest annual pace in nearly four years, according to official data that suggested consumers...

The United States is in "active negotiation" over the sale of Venezuelan oil to India, to help India diversify its sources of crude oil,...

Britain's public finances recorded a record monthly surplus of 30.4 billion pounds ($40.9 billion) in January, official figures showed on...

Hong Kong's seasonally adjusted unemployment rate rose to 3.9% in the November to January period, up from 3.8% in the previous three-month...