Economic news

Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+...

The South African rand fell 1% on Friday, ending a turbulent month ahead of budget and trade figures later in the day. At 0958 GMT, the rand...

Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a...

Westpac on Friday lifted its forecast for Australia's cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining...

The pound edged higher on Friday and was on track for a monthly gain of about 1.5%, boosted by a sharp rise in British bond yields across the...

In the U.S., the number of new claims for unemployment benefits fell last week by the most in 20 months.  An unexpected decline signalled that...

The Russian rouble slumped to a more than 15-month low against the dollar and euro on Friday, weighed down by domestic political risk concerns...

European shares rose on Friday as lacklustre data on China's factory activity spurred hopes of more policy stimulus, while investors awaited...

The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said,...

Britain's economy made a lacklustre start to 2023 as inflation ate into households' disposable income, official figures showed on Friday,...

Oil prices rose towards $75 a barrel on Friday but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global...

German unemployment rose more than expected in June, showing that difficult economic conditions are taking their toll in the jobs market, official...

British house prices fell by the most since 2009 in the 12 months to June, mortgage lender Nationwide said on Friday, although monthly data showed...

U.S.-China tensions over semiconductors began with the Trump administration's trade war and have ratcheted up under President Joe Biden's...

SINGAPORE, June 30 (Reuters) - Asian stocks inched higher on Friday as weak factory activity data from China stoked expectations of fresh...

Indian importers should hedge their near-term foreign currency payments on expectations that the U.S. dollar will rally in the next quarter on the...

The Indian rupee was poised for its biggest monthly advance versus the U.S. dollar since January, aided by persistent foreign equity...

Information technology (IT) stocks helped India's benchmark indexes hit fresh record highs on Friday, after robust economic data from the...

The yen weakened past the closely watched 145 per dollar level on Friday, keeping traders wary of potential intervention by Japanese authorities,...

China's factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday,...

Paysafe Payment Solutions, Binance's European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.S....

The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test,...

South Korea's factory production jumped unexpectedly in May, led by cars and chips, official data showed on Friday, while retail sales and...

Core inflation in Japan's capital perked up in June and remained above the central bank's 2% target for the 13th month, a sign price hikes...

World shares and the dollar inched higher while gold hit a three-month low on Thursday as focus flipped between the battle to lower inflation, the...

German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on...

Japan and South Korea agreed on Thursday to revive a $10-billion currency swap deal, a symbolic but significant step as the countries' leaders...

The U.S. dollar touched a more than seven-month high against the Japanese yen on Thursday after their respective central...

Sterling was struggling on Thursday to recover from a sharp tumble the day before, its biggest daily drop in seven weeks, as markets turned nervous...

Australia’s monthly CPI indicator rose to 5.6% annually in May, down from 6.8% in April. A measure of core inflation was also reported lower,...

Renault raised on Thursday its financial outlook for full-year 2023 following the success of its new launches, in particular of SUV Austral...

The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic political risk concerns after an aborted...

The South African rand weakened against a stronger dollar in early trade on Thursday ahead of the central bank's quarterly bulletin and...

Berkshire Hathaway Inc said on Wednesday it has acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to...

Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing...

Job vacancies in Australia fell in the three months to May, the fourth straight quarter of decline, but were still far above pre-pandemic levels as...

H&M, the world's second-biggest fashion retailer, reported stronger than expected March-May profits on Thursday and said third-quarter...

New Zealand's business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive...

Oil prices fell on Thursday, paring some of the previous day's gains, as investors took profits on concerns of further interest rate hikes...

Several parts of the U.S. Treasury yield curve have reached deeper levels of inversion, a sign that bond investors are increasingly worried about...

The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower after U.S. Federal...

A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in...