Economic News

By Anshuman Daga SINGAPORE (Reuters) - Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices...

By Kevin Buckland SINGAPORE/TOKYO/HONG KONG (Reuters) -The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under...

By Riya Sharma (Reuters) -James Hardie cut its annual profit forecast on Tuesday, marking a dramatic shift in stance from the world's top fibre cement maker as soaring operating...

(Reuters) -Apple Inc has set a Sept. 5 deadline for corporate employees to return to office at least three days a week, a Bloomberg News report said on Monday. The company, which...

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -China slashed holdings of U.S. Treasuries for a seventh consecutive month in June, Treasury department data released on Monday...

By Chibuike Oguh New York (Reuters) - Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected economic data in China that prompted its central bank to...

(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever With no major regional economic reports on tap Tuesday, Asian markets will continue to digest the...

By Karen Brettell NEW YORK (Reuters) - The safe-haven U.S. dollar bounced on Monday while commodity-sensitive currencies including the Australian dollar tumbled after a new batch...

(Bloomberg) -- Closely held midsize companies in the US are being challenged to pass on the costs of rising inflation and higher interest rates to protect their own bottom line new...

CARACAS (Reuters) - The Venezuelan central bank's gold reserves dropped by six tonnes as of June 2022, according to the bank's first-half balance sheet published in a local media...

By Ketki Saxena  Investing.com -- In another sign of cooldown in Canada’s recently red-hot housing market, the Canadian Real Estate Association National reported slowing sales...

By Clara Denina and Jahnavi Nidumolu LONDON (Reuters) - Turquoise Hill Resources (TSX:TRQ) Ltd on Monday rejected an offer by majority shareholder Rio Tinto (LON:RIO) Ltd to...

(Bloomberg) -- California and parts of the Pacific Northwest will wilt under near-record heat this week as a high-pressure dome builds across the region, taxing power supplies as...

By Geoffrey Smith Investing.com -- Conditions in the U.S. housing market cooled further in the latest month, as higher borrowing rates and poor affordability metrics led to the...

(Reuters) - A look at the day ahead in U.S. and world markets by Mike Dolan. The world's second and third largest economies - generating more than a quarter of global output -...

By Geoffrey Smith  Investing.com -- China's central bank unexpectedly cuts a key rate as growth slows across the economy. Saudi Aramco (TADAWUL:2222) beats its own record for...

By Geoffrey Smith  Investing.com -- China's central bank cut a key borrowing rate for the first time since January, in an effort to boost support for an economy hurt by Covid-19...

By Jamie McGeever ORLANDO, Fla. (Reuters) - Hedge funds slashed their long dollar positions and bet harder on a flatter yield curve, two macro trades that have come up trumps. The...

By Noreen Burke Investing.com -- Investors will get an update on U.S. retail sales along with earnings results from several major retailers in the week ahead, which will be parsed...

By Hadeel Al Sayegh DUBAI (Reuters) -State oil giant Saudi Aramco (TADAWUL:2222) on Sunday reported its highest quarterly profit since the company went public in 2019, boosted...

By Chibuike Oguh NEW YORK (Reuters) - Global equity markets rose while U.S. Treasury yields fell on Friday as investors tempered their expectations of the scale of the Federal...

By Herbert Lash and Bansari Mayur Kamdar NEW YORK (Reuters) - Wall Street rallied on Friday, setting the S&P 500 and the Nasdaq up for a fourth straight week of gains, as signs...

By John McCrank NEW YORK (Reuters) -The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal...

By Lewis Krauskopf NEW YORK (Reuters) - Optimism is seeping back into the U.S. stock market, as some investors grow more convinced that the economy may avoid a severe downturn...

(Bloomberg) -- More investors are pushing back expectations for when global central banks might pivot to policy easing following the current tightening cycle, even as confidence...

(This Aug. 11 story corrects headline to reflect location of oil leak) By Arathy Somasekhar and Laila Kearney HOUSTON (Reuters) - Top U.S. Gulf of Mexico oil producer Shell...

(Bloomberg) -- Federal Reserve Bank of Richmond President Thomas Barkin said the central bank needs to keep raising interest rates until it’s clear inflation is running at its 2%...

(Bloomberg) -- Economists boosted their inflation estimates for each quarter in 2023, a potentially worrying sign for Federal Reserve policy makers trying to keep price...

SHANGHAI (Reuters) -China's CATL said on Friday it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric...

By Roger Tung and Jeanny Kao TAIPEI (Reuters) -Taiwan's economy is likely to grow at a slower pace this year that initially forecast, the statistics office said on Friday,...

By Malvika Gurung Investing.com -- The ongoing week witnessed a softer-than-expected July consumer inflation data recorded in the US, easing to 8.5% from a 40-year peak of 9.1% in...

By Geoffrey Smith and Peter Nurse Investing.com -- The search of Donald Trump's Florida house has been linked with nuclear documents, while a key Samsung official has been...

By Herbert Lash and Bansari Mayur Kamdar NEW YORK (Reuters) -The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to...

By Fergal Smith (Reuters) - Canada's main stock index rose on Thursday, closing at a the highest in two months as higher oil prices bolstered energy shares, but an uncertain...

By Jody Godoy and Hannah Lang (Reuters) -Stock trading platform Robinhood Markets Inc (NASDAQ:HOOD) must face market manipulation claims over restrictions it placed on trading...