By Rowena EdwardsLONDON -Oil prices rose modestly in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand.
By Rowena EdwardsLONDON - Oil prices rebounded in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand.
By Arathy SomasekharHOUSTON -Oil prices settled higher on Tuesday, rebounding in volatile trading as the market weighed China's plans to support its economy against a possible coronavirus lockdown in its capital Beijing.
The Asian region faces a "stagflationary" outlook amid significant uncertainty with economic growth being lower than previously expected and inflation being higher, a senior International Monetary Fund (IMF) official said on Tuesday.
South Korea's economic growth nearly halved in the first quarter from the preceding three months on coronavirus curbs and surging inflation, while a slowing Chinese economy clouded the outlook for the coming months.
The Brazilian real has returned to the list of worst currencies among its peers with two sessions of heavy losses, suffering a blow from the rallying dollar after benefiting from a crowded carry trade, with increased tensions in Brasilia giving traders a reason to get out.
President Joe Biden's nominees to the Federal Reserve moved a step closer to their expected Senate confirmation this week after Lael Brainard, Biden's pick to be the U.S.
Lael Brainard, one of President Joe Biden's four nominees to the Federal Reserve, is poised to become the U.S.
Evidence is rapidly mounting that Britain's cost of living crisis is starting to bite, and hedge funds are in prime position to cash in on sterling's equally rapid slide against the dollar.
After a rocky week for U.S. stocks, a number of Wall Street strategists are pointing to reasons for further caution as investors face tightening monetary policy, corporate earnings, seasonal weakness and other factors that could spell more trouble for equities.
U.S. stock indexes fell on Monday, extending a sharp selloff from last week as fears over China's COVID-19 outbreaks spooked investors already worried about faster U.S.
Wall Street was mixed Monday, with China's COVID-19 outbreaks spooking investors already worried about rising U.S.
Wall Street was mixed Monday, with investors worrying about rising interest rates and China's COVID-19 outbreaks, while Twitter gained after agreeing to be bought by Elon Musk.
The Nasdaq ended sharply higher on Monday, with growth stocks staging a late-day rally after Twitter agreed to be bought by billionaire Elon Musk.
Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.
New York City pension leaders said the $262 billion system will mostly favor calls for sharp limits on fossil fuel lending at top banks this week, giving a late boost to activists who have gained little backing from proxy advisers.
Indonesia's agriculture ministry said on Monday that crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.
U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff in refining capacity and crude oil supplies tightened because of Russia's war with Ukraine.
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine.
Japan's government will spend $48 billion to fund subsidies and other relief measures to cushion the economic blow from rising fuel and raw material prices, a document obtained by Reuters showed on Monday.
Japan's government will spend $48 billion to fund subsidies and other measures aimed at cushioning the economic blow from rising fuel and raw material prices caused by the war in Ukraine, a document obtained by Reuters showed on Monday.
A wave of COVID-19 lockdowns in Shanghai presents the biggest test yet for investors, trading companies and logistics managers trying to follow China's economy after the government restricted firms from releasing real-time data.
Pakistan has sought an increase in the size and duration of its $6 billion International Monetary Fund (IMF) programme, the country's Finance Minister, Miftah Ismail, said on Monday.
Gold prices dipped on Monday to their lowest in more than two weeks, as bets for an increasingly aggressive and hawkish U.S.
Gold prices fell on Monday to their lowest in four weeks, as bets for an increasingly aggressive and hawkish U.S.
Gold prices slipped to their lowest in four weeks on Monday as prospects of aggressive policy tightening by the U.S.
Palladium prices fell nearly 13% on Monday as China's COVID-led lockdowns soured the demand outlook for the autocatalyst, while looming U.S.
Palladium prices fell nearly 13% on Monday as China's COVID-led lockdowns soured the demand outlook for the autocatalyst, while looming U.S.
Asian stocks had their worst session in a month and a half on Monday as fears grew that Beijing was on the verge of joining Shanghai in lockdowns, while the dollar rose to a two-year high on the prospect of slower growth and higher interest rates.
Traders ditched riskier assets on Monday as relief over Emmanuel Macron's French presidential election win quickly gave way to renewed concerns about the global economy and the impact on it of rising interest rates.
