Economic news

Merck has signed a licensing agreement for a heart disease drug with Jiangsu Hengrui Pharmaceuticals worth up to $2 billion, the latest...

U.S. consumers are starting to curb their spending in response to high prices and a worsening economic outlook, according to consumer finance...

The UK's FTSE 100 rose on Tuesday, with homebuilder and energy stocks leading the charge, while investors awaited a slew of economic data and a...

Honeywell said on Tuesday it has appointed David Sewell to lead its advanced materials business, which is set to be spun off into an...

British retailers reported the sharpest drop in sales volumes in eight months in March and they expect to see little improvement next month, an...

Indonesia will join New Development Bank, a multilateral bank developed by BRICS member nations, President Prabowo Subianto said on...

India on Tuesday said there would be no import duties on several goods used to manufacture electric vehicle batteries and mobile phones amid...

Tesla's market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car...

Escalating U.S. tariffs and Canadian retaliatory duties could raise costs on items from aircraft components to engine repairs, according...

The recent drop in U.S. yields has raised speculation that a wave of buying of Treasury securities and derivative products called interest rate...

European shares rose on Tuesday after a German survey indicated business sentiment improved in the region's largest economy, days after a...

Gold prices edged higher on Tuesday amid persistent uncertainty over impending reciprocal U.S. tariffs and their impact on the global...

Smithfield Foods forecast growth in annual sales and adjusted operating profit on Tuesday, helped by strong demand for its packaged meats at...

Ithaca Energy said on Tuesday it would acquire Japan Petroleum Exploration's (Japex) UK unit for $193 million, as it seeks to become...

The dollar ticked up to an almost three-week high on Tuesday after some strong U.S. services data and cautious optimism on the tariff...

BlackRock has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new...

Energy costs lifted Spanish industrial prices in February to their highest level in two years, the National Statistics Institute (INE) said on...

Oil prices rose on Tuesday for a fifth day on concerns global supply will tighten after the U.S. announced tariffs on countries that buy Venezuelan...

German residential property prices rose in the fourth quarter, halting a decline in place since 2022 by gaining 1.9% year-on-year, federal...

Pakistan's inflation is likely to remain steady in March, in the 1% to 1.5% range, the country's finance ministry said in its monthly...

Indonesia's central bank stepped into the currency market to defend the rupiah on Tuesday, as growing concerns over politics, government...

Asian stocks stumbled on Tuesday, dragged by a slide in Chinese tech shares after a strong rally, while investors weighed the prospect of...

The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump...

Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with more confidence following President Xi...

Italy's Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations...

JPMorgan Chase and Walmart are partnering to speed up payments for merchants that sell items through the retail giant's...

South Korea's Hyundai Motor Group is set to announce a $20 billion investment in the United States at the White House on Monday, a U.S....

U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment...

Gulf markets were mixed on Monday with uncertainty about U.S. President Donald Trump's next tariff move and heightened regional geopolitical...

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake...

Chinese electric vehicle maker BYD's net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it...

China Sunac has become the first Chinese property developer to plan a second restructuring of its offshore debt. The company said in a...

German software company SAP overtook Danish healthcare company Novo Nordisk as Europe's largest company by market capitalisation on...

Sterling climbed on Monday ahead of British finance minister Rachel Reeves' spring budget update later this week and as data earlier in the day...

The Indian rupee leaped higher on Monday, with persistent dollar sales from foreign banks helping the local unit claw back all of its losses in...

The UK's benchmark FTSE 100 index rose on Monday, buoyed by strong performance in mining stocks, while investors also awaited more clarity on...

Japan's crude steel output fell 8.5 % in February from a year earlier for a 12th straight monthly decline, as demand from the construction...

Euro zone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn...

The dollar drifted just below a three-week high versus major peers on Monday as traders sought clarity on U.S. President Donald Trump's...

China's central bank said it will change the way it sells its medium-term loans, a move that market participants say may further erode the...

Businesses in Britain's huge services sector reported a pickup this month, according to a survey that offered some comfort to finance minister...

European shares rose on Monday as data showed euro zone business activity grew at its fastest pace in seven months in March, lifting...