Japan's machinery orders posted their biggest single-month fall in six months in August as pressure from a global economic slowdown and a weaker yen that pushes up import costs darken the outlook for corporate spending.
South Korea's central bank raised interest rates by a half percentage point and flagged more policy tightening as authorities scrambled to hose down red-hot inflation, caused in large part by a surging dollar and higher import prices.
The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for U.S.
Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.
Business confidence among big Japanese manufacturers fell for a second straight month to hit its lowest level in five months, a Reuters monthly poll showed on Wednesday, in another sign global inflation and a weak yen are taking a toll on the world's No.3 economy.
A price cap on Russian seaborne oil deliveries being developed by the United States and G7 countries could significantly reduce Russia's revenues while encouraging Moscow to continue to produce oil, 16 economists from top U.S.
JP Morgan CIO Bob Michele said Tuesday the climbing dollar could have a domino effect on the global economy.
The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of recession and threatening financial market stability.
UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat.
Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday that even with a large amount of rate rises this year, the central bank has yet to get surging inflation under control and will need to press forward with tightening monetary policy.
The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stability risks have increased, raising the risks of contagion and spillovers of stress between markets.
Already blighted by Western sanctions, Russia's economy now faces a more self-inflicted blow, with President Vladimir Putin's military mobilisation drive threatening to undermine productivity, demand and recovery.
The International Monetary Fund cut Asia's economic growth forecasts on Tuesday, with rising inflation forcing many central banks to tighten monetary policy even as exports face the brunt of slowing growth in trade partners such as the United States.
The Bank of England again sought to stem a sharp sell-off in Britain's 2.1 trillion pound ($2.3 trillion) government bond markets on Tuesday, expanding its emergency buying to inflation-linked debt.
British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.
Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening yen and zero-yielding local bond markets and into overseas markets with rising yields.
Germany can weather a winter energy shortage caused by Russia's invasion of Ukraine provided companies and households pull together, the German chancellor said on Tuesday before European Union ministers meet again on the energy crisis.
Diesel refining margins in both Europe and the United States have hit all-time highs as strikes at French refineries exacerbate a global shortage of distillate fuels.
U.S. Treasury Secretary Janet Yellen views debt restructuring as a key priority, but senior Treasury officials said they do not expect any major breakthroughs on debt matters at this week's meetings of the International Monetary Fund and World Bank.
Japanese Finance Minister Shunichi Suzuki said on Tuesday the United States showed understanding to "a certain extent" on Tokyo's currency market intervention last month, giving Japan's first public indication of U.S.
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
Asian stockmarkets fell and the dollar rose on Tuesday with investors worried about rising interest rates and an escalation in the Ukraine war, while Treasury yields leapt as an unnerving collapse in British gilts ricocheted around global bond markets.
Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S.
All major equity indexes ended Monday's trade lower, with the S&P 500 dropping 0.75%, the Dow Jones Industrials losing 0.32% and the tech-heavy Nasdaq falling the most by 1.04%.
The hedge funds that have managed to weather and outperform China's bumpy stock markets so far this year say betting on big-picture macroeconomic changes have helped them.
British finance minister Kwasi Kwarteng needs to make 62 billion pounds ($69 billion) of spending cuts or tax rises to stop public debt growing ever-larger as a share of the economy, the Institute for Fiscal Studies (IFS) said in a report on Tuesday.
The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and global risks.
European shares edged lower on Monday as investors stayed cautious ahead of major corporate earnings this week, with nerves around rising interest rates and escalating geopolitical tensions also weighing on sentiment.
The decision by the Organization of the Petroleum Exporting Countries and allies last week to cut oil production has spurred a flurry of activity in the options market - but with more U.S.
British government bond prices tumbled on Monday in a sign that investors are yet to be convinced by Finance Minister Kwasi Kwarteng's drive to shore up fiscal credibility, which included bringing forward his new fiscal plan to Oct.
