Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese currency's recent sharp declines tore through their previous revisions, catching many off guard.
Global stocks mostly fall on recession worries
Euro zone government bond yields rose back towards recent multi-year highs on Monday, after European Central Bank policymaker Francois Villeroy de Galhau said a weak euro threatened price stability in the currency bloc.
Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.
Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for a rare springtime version of the event in Davos, the Swiss ski resort that is Europe's highest city.
Renault hands Russian assets to Moscow, McDonald's says will exit Russia
Glassdoor owner Recruit Holdings says it wants to have women in 50% of its senior executive and managerial roles within 10 years - a rare pledge in a country where men dominate the top echelons of companies, politics and the civil service.
U.S. Treasury Secretary Janet Yellen thanked Polish leaders on Monday for hosting millions of Ukrainian war refugees but pressed them to back the European Union's plans to implement a 15% global corporate minimum tax.
U.S. Treasury Secretary Janet Yellen said there was no breakthrough in talks on Monday to persuade Poland to implement a 15% global corporate minimum tax and more work was needed to address Warsaw's concerns.
U.S. Treasury Secretary Janet Yellen will thank Poland for hosting millions of Ukrainian war refugees on Monday, but she has another goal for meetings in Warsaw: persuading Polish leaders to back plans to implement a 15% global corporate minimum tax.
Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said on Monday, with the cement-maker currently eyeing 10 potential targets.
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment.
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment.
Valneva lost nearly a fifth of its value on Monday after the French drugmaker said its COVID-19 vaccine agreement with the European Commission was likely to be scrapped and it might have to rethink its financial guidance.
Divided soul: rival Orthodox churches wage shadow war in Ukraine
Ryanair said on Monday it was impossible to give detailed 2022 guidance beyond hoping for a return to "reasonable profitability" amid uncertainties over COVID-19 and the Ukraine war, knocking its shares despite a smaller annual loss.
Ryanair said it was impossible to give detailed guidance beyond hoping to return to "reasonable profitability" this year amid uncertainties over COVID-19 and the Ukraine war, knocking its shares after posting a smaller annual loss.
Ukrainian soldiers evacuated from Mariupol steelworks
The United States and European Union will announce a joint effort to avert a "subsidy race" as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said.
China's retail sales slump as lockdowns cause chaos
China's retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a long shadow over the outlook for the world's second-largest economy.
The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to a majority of analysts polled by Reuters who were exceptionally split on the size of the move.
Dutch doctor says group will keep sending abortion pills to US women
Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous session, albeit in the shadow of supply fear as the European Union prepares an import ban on Russian crude and with limited increase in OPEC output.
Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that coronavirus pandemic was receding in the hardest-hit areas.
Oil prices fell on Monday as widespread lockdowns in China and weak Chinese economic data fuelled fears of a global recession, though the market found some support as the European Union stepped closer to an import ban on Russian crude.
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia.
Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country's coronavirus pandemic was receding in the hardest-hit areas.
Oil prices were mixed on Monday as investor fears of a global recession spurred by lockdowns in China and weak economic data vied with signs the European Union was stepping closer to an import ban on Russian crude.
The recall affects several varieties of Skittles, Starburst and Life Savers gummy candies.