Economic News

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to...

By Adriana Barrera PARAISO, Mexico (Reuters) -Mexican President Andres Manuel Lopez Obrador formally opened a major new oil refinery on Friday, a signature project for the leftist...

By Huw Jones and Tom Wilson LONDON (Reuters -Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under...

SANTIAGO (Reuters) -Chile's finance minister, Mario Marcel, on Friday introduced a tax reform bill that increases copper mining royalties on companies that produce more than...

By Karen Brettell NEW YORK (Reuters) - Pessimism about the global economic outlook boosted demand for the safe-haven U.S. dollar on Friday while the Australian dollar, a proxy for...

By Sam Boughedda JPMorgan (NYSE:JPM) analyst Michael Feroli said in a note Friday that softer economic data this week is leading the firm to revise its tracking of second-quarter...

BENGALURU (Reuters) - Reuters polled more than 100 fixed-income strategists covering major sovereign bond markets from around the world during the closing weeks of one of the...

By Pratima Desai LONDON (Reuters) - Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China's COVID...

By Amruta Khandekar (Reuters) - Futures pointed to opening losses on Wall Street at the start of the second-half on Friday, as investor worried about the hit to economic growth...

By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned...

By Geoffrey Smith Investing.com -- Micron's quarterly guidance signaled an end to the boom times for chipmakers. The ISM's manufacturing survey for June is due. Inflation...

(Reuters) - After a torrid six months, world markets will be hoping for some sign that central banks might dial back their hawkishness. U.S. jobs data, if sharply below forecast,...

By David Randall NEW YORK (Reuters) - Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last...

(Reuters) -Retail crypto lending platform Celsius Network said on Thursday it was exploring options including deals and restructuring its liabilities. Celsius earlier this month...

(Updates prices, adds comment) By Hannah Lang WASHINGTON (Reuters) - The euro recovered on Thursday from a two-week low against the dollar, which sputtered after fresh inflation...

By Caroline Valetkevitch NEW YORK (Reuters) - The MSCI global stock index notched its biggest first-half of a year percentage drop on record on Thursday, while the U.S. benchmark...

By Shreyashi Sanyal and Amruta Khandekar (Reuters) - U.S. stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged...

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. dollar's share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged...

By Gwladys Fouche and Terje Solsvik OSLO (Reuters) -Seventy-four Norwegian offshore oil workers at Equinor's Gudrun, Oseberg South and Oseberg East platforms will go on strike...

By Geoffrey Smith  Investing.com -- The U.S. releases the latest updates for personal income and spending, as well as the Federal Reserve's preferred measure of inflation. Stocks...

By Geoffrey Smith  Investing.com -- Germany's biggest engineering union will seek a pay raise of between 7% and 8% in benchmark pay negotiations with employers, to stop their...

By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) - European Central Bank policymakers put on a brave face at their annual gathering in the hills above the...

By Geoffrey Smith  Investing.com -- Sweden's Riksbank hiked its key interest rate by half a percent to 0.75% and slashed its growth forecasts for this year and next, warning that...

By Marc Jones LONDON (Reuters) - Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this - the most turbulent first half...

By Shashwat Awasthi (Reuters) - Australian shares were set to lose a tenth of their market value in the first half of 2022, and analysts warned of more pain ahead from a central...

By Stephen Culp NEW YORK (Reuters) - The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered toward the finish line of a downbeat month, a dismal...

By Caroline Valetkevitch NEW YORK (Reuters) - U.S. Treasury yields eased for a second consecutive day and the dollar rose on Wednesday after Federal Reserve Chairman Jerome Powell...

(Reuters) -Bed Bath & Beyond Inc on Wednesday replaced Chief Executive Officer Mark Tritton as part of a management shake-up to reverse a slump in its business, the home goods...

By Sam Boughedda According to a Bloomberg report Wednesday afternoon, Senate Democrats are trying to shrink the tax increases in US President Biden's economic package. The plan is...

(Bloomberg) -- Wall Street analysts are starting to cut earnings estimates for some of the world’s biggest technology companies, undermining the argument that their stocks look...

By Scott Kanowsky  Investing.com -- Federal Reserve chair Jerome Powell has warned that a broader economic slowdown could be a "likely" outcome from aggressive monetary policy...

(Bloomberg) -- Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market,...

By Josh Smith SEOUL (Reuters) -The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say,...

(Bloomberg) -- Central bankers must not be complacent about increases in long-term inflation expectations and should act forcefully to curb rising price pressures, said Federal...

By Geoffrey Smith Investing.com -- Jerome Powell is the European Central Bank's special guest at a central banking shindig. Fuel tax cuts take the edge off German inflation, but...