Chinese refiners are likely to boost refined oil products exports in the last two months of 2022 and into early 2023 after receiving the biggest allocation from Beijing this year, trade sources and analysts said on Monday.
Euribor is making its first push to expand the number of banks contributing to its benchmark rate, a decade after a global rigging scandal that put its very future in doubt.
Italy's economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader expected to be named prime minister this month.
U.S. stock indexes were set to open higher on Monday after sharp losses last week although losses in Tesla Inc capped the gains for Nasdaq futures after the world's most valuable electric-vehicle maker missed quarterly delivery targets.
Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign of the central bank's switch to a more restrictive monetary policy.
Mexican President Andres Manuel Lopez Obrador is expected to announce the details of a new deal with companies to halt rising food prices, doubling down on a collaborative effort with the private sector as inflation hovers at a 22-year high.
Chile's sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but in recent months has been one of the region's worst performers, showing how hard the battle is for policy makers countering a rampaging dollar.
Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said.
Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets.
Japanese Prime Minister Fumio Kishida on Monday vowed to take steps to cushion the economic blow from rising inflation and boost inbound tourism to maximise the benefits from a weak yen, in a fresh attempt to prop up his sliding approval ratings.
Broadening price rises in Japan prompted some central bank policymakers to warn last month that inflation may overshoot expectations, highlighting the challenge Governor Haruhiko Kuroda faces in justifying ultra-low interest rates.
Japanese manufacturer' business mood worsened in the three months to September and corporate inflation expectations hit a record high, a central bank survey showed, as stubbornly high material costs clouded the outlook for the fragile economy.
The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies.
OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness.
Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated.
Investors have dumped UK assets after the British government announced plans for a huge rise in borrowing to fund tax cuts, but Germany has not suffered the same punishment despite a vast borrowing spree of its own.
European shares climbed on Friday but saw sharp losses during a quarter marked by rising interest rates and tumbling risk sentiment, with hot inflation data from the region keeping investors on edge.
When outgoing Prime Minister Mario Draghi took office 19 months ago Italian inflation was running at 1%.
The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign currency holdings and President Vladimir Putin signed treaties annexing four Ukrainian regions.
Russia's rate-cutting cycle is over for now, a Reuters poll suggested on Friday, with analysts expecting the central bank to keep its key rate unchanged at 7.5% until the end of 2022, with high inflation and sanctions hampering Russia's economic recovery.
Wall Street companies and others that break the rules should be required to admit their wrongdoing when settling enforcement actions, especially as the growth of retail investing puts more Americans at risk, a U.S.
The budget-conscious Dutch, who enjoyed abundant cheap gas for half a century to heat their homes, are turning to more traditional heating methods as cold weather reaches the Netherlands.
Federal Reserve Vice Chair Lael Brainard said on Friday the U.S.
Japan spent up a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for intervention.
In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn.
The copper spot premium in top consumer China could stay elevated in the next few months, analysts and traders said on Friday, as demand for the metal has improved on the back of government stimulus.
Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil sent investors hunting for cash at the end of one of the most volatile quarters in decades.
South Korean President Yoon Suk-yeol called on Friday for more urgency in dealing with turbulent markets as the won currency's fall to a 13-1/2-year low heightened fears of capital flight.
Britain's economy remained below its pre-pandemic peak, according to data published on Friday that left the country further adrift of other Group of Seven nations and underscored the challenge facing new Prime Minister Liz Truss.
Asian shares on Friday were headed for the worst month since the onset of the COVID-19 pandemic, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about global recession and rising geopolitical risk.
