Economic News

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 Lindsay Dunsmuir (Reuters) - U.S. import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and nonfuel costs, while consumers'...

By Laila Kearney NEW YORK (Reuters) -A damaged oil pipeline that blocked output at seven offshore U.S. Gulf of Mexico platforms could be replaced by the end of the day, a...

By David Lawder WASHINGTON (Reuters) - A corporate minimum tax in a congressional spending bill set for passage on Friday will not bring the United States into compliance with a...

(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%...

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...

BERLIN (Reuters) -Bayer on Friday welcomed a decision by an arbitration court to dismiss a claim by BASF that it overpaid for assets sold by Bayer (ETR:BAYGN) to secure antitrust...

By Amruta Khandekar and Leroy Leo (Reuters) - Plunging valuations have made biotech companies tempting acquisition targets for cash-rich Big Pharma and a flurry of deals is just...

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) - Russia is considering buying the currencies of...

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

(Reuters) - Global equity funds saw inflows in the week to Aug. 10 after six straight weeks of withdrawals, as investors took the view that the Federal Reserve might not be too...

By Alun John (Reuters) - Sterling slid against a firming dollar on Friday and also lost ground on the euro as data showed Britain's economy contracted in June, even if not by as...

By William James and Susanna Twidale LONDON (Reuters) -British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be...

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 (LON:0593xq) official has...

By Natalie Grover and Danilo Masoni LONDON (Reuters) -Shares in GSK, Sanofi (EPA:SASY) and Haleon fell sharply on Thursday, following declines earlier this week, amid growing...

By David Shepardson WASHINGTON (Reuters) - Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes...

LONDON (Reuters) - Rishi Sunak, the underdog in the race to become Britain's next prime minister, said scrapping the Bank of England's independence would be a mistake that would...

By Ann Saphir and Howard Schneider (Reuters) -Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but...

By Fergal Smith TORONTO (Reuters) - Canada's inverted yield curve is signaling the Bank of Canada may raise interest rates to a level that triggers a recession, placing the...

By Andrew MacAskill LONDON (Reuters) - The number of people in England waiting to start routine hospital treatment has risen to the highest level since records began 15 years ago,...

By Elizabeth Howcroft LONDON (Reuters) - Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher...

(Reuters) - U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while...

By Rose Horowitch and David Lawder WASHINGTON (Reuters) - The main revenue source in the U.S. Senate's newly passed tax, climate and drugs bill is a novel 15% corporate minimum...

By Joice Alves LONDON (Reuters) - Sterling fell against the euro on Thursday a day ahead of gross domestic product (GDP) figures which are expected to show further signs of a...

By Huw Jones LONDON (Reuters) - Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since...

(Removes extraneous word from headline) LONDON (Reuters) -Expectations for activity in Britain's housing market have dried up quickly thanks to a worsening economic outlook and...

PRAGUE (Reuters) -Russian oil flows through the Druzhba pipeline to the Czech Republic should resume within two days as problems with paying transit fees should be resolved, the...

LONDON (Reuters) -Weakening the independence of regulators would undermine reforms to bolster Britain's finance industry, the head of the Bank of England said on Thursday, in a...

By Peter Nurse Investing.com -- U.S. stocks are set to open higher in the wake of the weaker-than-expected consumer inflation report, with Disney’s subscriber increase...

GENEVA (Reuters) - South Africa has negotiated a settlement with the European Union to clear hundreds of shipping containers of citrus fruit stuck in EU ports, the South African...

By Carolyn Cohn LONDON (Reuters) -M&G recorded net inflows into its asset management business in the first half, the British insurer and asset manager said on Thursday, helping...

By Huw Jones LONDON (Reuters) - Financial services companies should set "stretching targets" for appointing people from working class backgrounds to senior positions, a UK...

By Leika Kihara TOKYO (Reuters) -With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida's search for the next Bank of Japan (BOJ) governor will intensify in coming...

By John McCrank NEW YORK (Reuters) - The dollar fell broadly on Wednesday following a cooler-than-expected U.S. inflation report for July that raised expectations of a less...