Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve.
Malaysia should not cut its biodiesel mandate as it would lead to a crash in crude palm oil prices, a biodiesel producer group said on Tuesday, after Indonesia's export ban on the edible oil spurred concerns over its use in fuel versus food.
Rules are becoming more flexible for financial firms after Brexit but more needs to be done to cut red tape and keep London globally competitive, senior industry officials said on Tuesday.
Indonesia's ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to store the surplus oil and the country faces mounting pressure from buyers to resume shipments, industry officials said.
Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centres after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives.
Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades.
UBS rode strong trading income to post its best first-quarter net profit in 15 years on Tuesday, while signalling its wealth management clients will continue to remain cautious in the coming months due to geopolitical and macro-economic uncertainties.
Gold rose on Tuesday as the dollar edged lower, with palladium also rebounding after concerns over reduced demand due to COVID lockdowns in China drove prices to a near one-month low in the previous session.
Gold prices climbed on Tuesday as investors sought the safe-haven asset amid fears over global growth and soaring inflation, though bets of aggressive U.S.
Gold prices rose on Tuesday as investors sought the safe-haven asset amid fears over global growth and soaring inflation, though bets of aggressive U.S.
Gold rose on Tuesday, recovering slightly from a retreat to an over one-month trough in the last session, as investors sought cover from fears of stalling global growth and soaring inflation.
Asian shares bounced up on Tuesday after a late revival on Wall Street, though global growth fears stoked by China's strict COVID-19 curbs and an expected streak of aggressive Federal Reserve tightening sapped risk appetite.
World shares steadied on Tuesday after a late revival on Wall Street, although global growth fears stoked by China's COVID-19 curbs and fears of aggressive Fed tightening sapped risk appetite, lifting the dollar to new two-year highs.
World shares steadied on Tuesday after a late revival on Wall Street, although global growth fears stoked by China's COVID-19 curbs and fears of aggressive Fed tightening sapped risk appetite, lifting the dollar to new two-year highs.
U.S. shares tumbled on Tuesday, with the Nasdaq posting its steepest one-day rout since September 2008, while European stocks extended losses for a third session as investors warily awaited U.S.
Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
Japanese Finance Minister Shunichi Suzuki said there was "no truth" to media reports that he had discussed with U.S.
The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S.
The dollar held near a two-year peak on Tuesday as concerns about the economic impact of China's COVID-19 lockdowns held up the greenback's safe-haven appeal and aggressive U.S.
By Mohi NarayanOil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China's fuel demand were soothed by the central bank's pledge to support an economy hit by renewed COVID-19 curbs.
By Rowena EdwardsLONDON -Oil prices fell on Tuesday as China's capital Beijing expanded its COVID mass testing, heightening demand concerns and outweighing the prospect of supply disruptions.
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.
