Economic News

By Karen Brettell NEW YORK (Reuters) - The dollar pared gains on Thursday after data showed that the U.S. economy contracted again in the second quarter, fueling speculation that...

By Ron Bousso and Shadia Nasralla LONDON (Reuters) - Shell (LON:RDSa) posted record results on Thursday, with a $11.5 billion second-quarter profit smashing the mark it set only...

By Sujata Rao, Dhara Ranasinghe and Vincent Flasseur LONDON (Reuters) - Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction...

By Mathieu Rosemain and Supantha Mukherjee PARIS/STOCKHOLM (Reuters) -STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is...

By Peter Nurse Investing.com -- The Federal Reserve hiked as expected, but uncertainty exists over its next move when the summer ends. U.S. GDP release could provide some clues,...

By Kate Holton LONDON (Reuters) -British commercial broadcaster ITV (LON:ITV) expects its soon-to-launch free streaming platform ITVX to resonate with viewers at a time when...

By Clara Denina and Helen Reid LONDON (Reuters) -Global miner Anglo American (LON:AAL) slashed payouts to shareholders after first-half earnings fell 28% due to lower production...

A look at the day ahead in markets from Sujata Rao Fed boss Jerome Powell was reticent on the future policy-tightening path, so markets, ever optimistic, took it as a sign the...

By Rae Wee and Harish Sridharan SINGAPORE (Reuters) - As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to...

By Tomo Uetake TOKYO (Reuters) - Meiji Yasuda Life Insurance Co is ready to buy U.S. Treasuries at a yield of 3% without currency hedging, if the dollar falls below 135 yen, a...

By Katie Paul and Nivedita Balu (Reuters) -Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears...

(Bloomberg) -- Chinese banks are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis.  A record...

(Bloomberg) -- The Hong Kong Monetary Authority increased its base rate by 75 basis points to 2.75% on Thursday after the Federal Reserve raised interest rates.  The HKMA moves in...

(Reuters) -Australia's Macquarie Group said on Thursday trading conditions softened amid rising inflation and fears of a recession, although volatility in gas and energy markets...

(Bloomberg) -- Jerome Powell said the Federal Reserve will press on with the steepest tightening in a generation to curb inflation while giving officials more flexibility on coming...

By Sinéad Carew and Sujata Rao NEW YORK/LONDON (Reuters) - U.S. equities rose sharply and the dollar lost ground as investors bet the Federal Reserve would slow interest rate...

(Corrects data release day to Wednesday in paragraph 9) By Chuck Mikolajczak NEW YORK (Reuters) - The dollar fell on Wednesday against a basket of major currencies after the U.S....