BUSINESS

U.S. stocks extended losses on Tuesday, after a bruising selloff a day earlier pushed the S&P 500 to confirm a bear market, as investors braced for an aggressive interest rate hike from the Federal Reserve this week.

U.S. stocks were set for a rebound on Tuesday after a bruising selloff a day earlier pushed the S&P 500 to confirm a bear market, with investors taking relief from a smaller-than-expected rise in core producer prices.

China's army of small, privately owned oil refiners are raising output on hopes of recovering fuel demand as COVID-19 curbs ease and refining margins swell due to an increasing supply of cheap Russian oil, traders and analysts said.

Andrew Wiggins would earn $33.6 million should he stay with the Golden State Warriors for season 2022-23.

Takeover target Spirit Airlines Inc on Tuesday said it was in talks with JetBlue Airways Corp over a $3.4 billion sweetened offer and expects to decide on the proposal this month.

Continental Resources Inc said on Tuesday it received an all-cash offer from billionaire-founder Harold Hamm's family trust, a deal which could take the U.S.

European leaders visit Ukraine in show of support

European Union financial services chief Mairead McGuinness on Tuesday urged the bloc's lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.

Monte dei Paschi di Siena has named veteran UniCredit executive Andrea Maffezzoni as its new chief financial officer as it prepares to present a new strategic plan next week, the state-controlled bank said on Tuesday.

U.S. software developer MicroStrategy Inc said it has not received a margin call against a bitcoin-backed loan and can withstand further volatility, soothing market jitters after the token's slide raised fears of asset liquidation.

Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to add more tokens against a bitcoin-backed loan or trigger selling some of its vast holdings, setting fragile cryptocurrency markets on edge.

MicroStrategy CEO Michael Saylor said on Tuesday the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation on its leveraged position.

Polluted air cuts global life expectancy by two years

Famed Hong Kong floating restaurant towed away after half a century

Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp director nominees including two from activist shareholders, despite objection to the move from within the board.

China is set to get a picture of how the country's zero-COVID-19 policy and slowing economy have impacted shoppers' urge to splurge, as e-commerce platforms gear up to report takings from the mid-year "618" shopping festival this weekend.

Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly seeking deals outside China, where concerns about the economy are likely to outweigh any easing of a regulatory crackdown, dealmakers said.

Abortion in Italy is legal, but finding one is hard

Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking beyond current weakness in investment in new companies in the region.

French IT company Atos spooked investors on Tuesday with a plan to split its operations and sell assets as well as the departure of CEO Rodolphe Belmer, sending its shares plunging by more than 25%.

Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S.

Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S.

Cryptocurrencies tumbled afresh on Tuesday, with bitcoin and ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network's freezing of withdrawals delivered the latest jolt to investors in the asset-class.

Families of overdose victims demand action from social media platforms

Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise.

Two European Parliament committees on Tuesday backed an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, setting the stage for a full parliament vote on whether to reject the rules next month.

Two European Parliament committees on Tuesday backed an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, setting the stage for a full parliament vote that could reject the rules next month.

BMW will install and test a long-range battery developed by Michigan-based startup Our Next Energy (ONE) in the German automaker's iX electric SUV, the companies said on Tuesday.

UK vows to pursue asylum policy after Rwanda flight cancelled