China's retail sales declined for the first time since 2022 on subdued domestic demand and fixed asset investment logged a sharper-than-expected fall, while industrial production remained a bright spot, official data revealed Tuesday. Retail sales decreased 0.6 percent from a year ago in May, the National Bureau of Statistics reported.
European shares are seen opening flat to slightly lower on Tuesday as investors await more clarity on the U.S.-Iran peace deal and seek cues from upcoming central bank meetings. After the announcement of an interim peace agreement between Washinton and Tehran, some of the biggest questions remain...
The Reserve Bank of Australia left its benchmark interest rate unchanged on Tuesday as policymakers evaluate the effects of three consecutive rate hikes and the impact of oil supply disruption. The policy board, governed by Michele Bullock, unanimously voted to hold the cash rate target at 4.35 percent. The bank had lifted the policy rate by 25 basis points each in February, March and May.
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, after US President Donald Trump announced that the US and Iran have reached a preliminary peace agreement to end the Middle East war, a move that could lead to the reopening of the Strait of Hormuz. Asian markets closed mostly higher on Monday.
Ferguson Enterprises Inc. (FERG), a distributor of plumbing and HVAC products, on Tuesday said it will delist its shares from the London Stock Exchange and end its UK secondary listing from July 20, 2026. The company had moved its primary listing from the LSE to the New York Stock Exchange in 2022. Ferguson...
Rathbones Group Plc (RAT.L) on Tuesday said it expects to incur about £60 million in costs over the next two years to address findings from a regulatory review of its UK Wealth Management business. The review, conducted following engagement with the Financial Conduct Authority (FCA), identified areas...
Meridian Energy Limited (MEZ.AX) reported higher retail sales volumes in May 2026, supported by growth across all customer segments. Retail sales volumes increased 7.8% from May 2025. Residential sales rose 20.4%, while sales to small and medium businesses increased 6.7%, large businesses 8.3%, agriculture...
The Bank of Japan decided to raise its benchmark interest rate by a quarter-point to its highest level in 31 years, and to halt government bond purchase reductions next year. The policy board of BoJ voted 7-1 to raise the interest rate to 1.00 percent from 0.75 percent. The board signaled its commitment to further monetary policy tightening to support its price stability target.
On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit
French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran,"
The U.S. Supreme Court has denied the state of Alabama's appeal to execute death row inmate Jeffery Lee by nitrogen hypoxia. The Supreme Court issued an order Thursday refusing to overturn a federal court's ruling that nitrogen suffocation is unconstitutional, which means the convicted murderer's execution will be delayed. The State of Alabama appealed the ruling by two lower courts previously
Oil extended declines on Tuesday, after having fallen to a three-month low in the previous session on easing energy supply concerns. Brent crude futures for August delivery fell 2.1 percent to $81.41 a barrel, while WTI crude futures for July delivery were down 2.3 percent at $78.89. U.S. President...
European shares inched higher on Tuesday as falling oil prices helped ease worries about inflation and the outlook for interest rates. Brent crude futures held near $82 a barrel after reports suggested that U.S. President Trump may release a preliminary deal to end the war with Iran before Friday....
Asian stocks turned in a mixed performance on Tuesday as investors paused to assess the durability of the relief rally fueled by the long-awaited preliminary U.S.-Iran deal to end their conflict. The dollar remained near 10-day lows, while gold traded higher at $4,328 an ounce, extending its recovery...
Shares of Tatton Asset Management plc (TAM.L) were gaining approximately 15.51 percent on the London Stock Exchange after the firm reported higher profit in fiscal 2026, ahead of market estimates, due to growth in Assets Under Management and Influence or AUM/I, and underlying net inflows. Further,...
Despite the optimism surrounding US-Iran peace agreement, the Canadian market is likely to see cautious moves by investors on Tuesday, tracking weak crude oil prices and largely subdued bullion movements. Also, the focus will be on the Federal Reserve's monetary policy announcement, due on Wednesday.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Cryptocurrencies added to gains early on Tuesday but on a distinctly cautious note that reflected both anxieties ahead of the Federal Open Markets Committee on Wednesday as well as profit booking. Lack of clarity on the terms of the U.S.-Iran agreement also mellowed the relief rally.
President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co
June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.
Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
Ukraine has officially made its first sales of medical cannabis products, which is a big step for the country's healthcare system since the new law allowing their medical use just came into effect.
Renault Group has teamed up with Thales to create a new military vehicle, marking the automaker's push into the defense arena as European countries ramp up military spending due to rising geopolitical tensions.
Many women may not be choosing the most effective medicine for period cramps, according to a large study that analyzed supermarket purchase data. The study, published in PLOS Digital Health, examined shopping records from supermarkets in England between 2006 and 2015. The data showed that about half...
Completely removing sugar from your diet may not be as healthy as you think. A new study in mice suggests that eliminating sucrose, a common type of sugar, could have unexpected effects on gut health and metabolism. "This research may influence future dietary recommendations by emphasizing the importance...
KFC is kicking off a big global makeover aimed at drawing in a younger crowd, focusing on boneless chicken options, a wider range of sauces, and revamped restaurant designs, especially as the competition heats up in the fast-growing chicken market.
Space Exploration Technologies Corp. (SPCX) has boosted the funds from its historic initial public offering to a massive $85.7 billion, with underwriters deciding to exercise their overallotment option, as mentioned in an investor relations update released on Monday.
Fox Corp. (FOXA, FOX) Monday said it has agreed to acquire Roku Inc. (ROKU) in a cash-and-stock transaction valued at approximately $22 billion, combining Fox's sports, news, and entertainment assets with Roku's connected-TV platform. Under the terms of the agreement, Roku shareholders will receive...
Reddit has introduced a new feature that lets users post videos right in the comment sections, opening up even more ways for everyone to join in on discussions throughout the platform.