The surge in British house prices will come to an end next year as the cost of living crisis and rising borrowing costs put the brakes on what has been a buoyant market for years, a Reuters poll found.
Asian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong U.S. jobs data.
India's economy probably achieved its fastest annual expansion in a year in the April-June quarter, economists said, expecting the pace to sharply slow this quarter and in the next two as higher interest rates hit economic activity.
U.S. West Texas Intermediate (WTI) crude futures rose 64 cents to $92.28 a barrel at 0012 GMT, after sliding $5.37 in the previous session driven by recession fears.
Japan's factories extended expansion in output to a second month in July as motor vehicle production improved, marking a positive start to the third quarter for manufacturers and broader economic activity.
U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need to get its policy rate "somewhat above" 3.5% and keep it there through the end of 2023.
Brazil's 2023 budget bill to be sent to Congress on Wednesday should lower the Aux?lio Brasil welfare program to 400 reais per family, but a presidential message is expected to stress the intention to keep monthly payouts at current levels, said two sources with knowledge of the matter.
Venezuela's oil minister said on Tuesday progress to relaunch operations of oil major Chevron Corp in the U.S.-sanctioned South American country depends on licenses by Washington.
A chorus of European Central Bank policymakers called for decisive and swift rate hikes on Tuesday to combat soaring inflation, suggesting that the choice in next week's policy meeting will be between a big move and an even bigger one.
Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money on their shopping, the head of Europe's largest food retailer and shoppers said on Tuesday.
Skyrocketing U.S. house prices will rise at their weakest pace in more than a decade next year as worsening affordability dents demand, according to analysts polled by Reuters, who said prices need to fall in double digits to be fairly valued.
U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd and other U.S.-listed Chinese companies for audit inspections starting next month, three sources familiar with the matter said.
Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters.
U.S. stock indexes were set for a higher open on Tuesday after a two-session hammering on fears of aggressive policy tightening by the Federal Reserve, with investors looking ahead to consumer confidence and job openings data later in the day.
HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region, a memo to staff seen by Reuters showed.
Former Federal Reserve economist Stephen Roach said the "impacts" of monetary tightening "haven't kicked in at all right now," and a "miracle" may be the only way to avoid a recession.
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
Stock and bond markets attempted to steady on Tuesday, as investors turned their focus to this week's U.S.
South Korea said on Tuesday it would cut annual government spending for the first time in over a decade next year, as it seeks to curb its pandemic-era stimulus and help the central bank rein in a red-hot economy.
In her outstretched palms, 49-year-old Nilanthi Gunasekera holds her family's last remaining handful of dried fish - a reminder of Sri Lanka's worst economic crisis in decades.
The European Commission said on Monday it fully stood by its proposal to approve Poland's recovery plan after four associations of European judges asked the EU court to annul it, because the plan disregarded earlier EU court judgements.
Traders in the U.S. equity options market appear to be betting that stocks, which turned volatile last week following the Federal Reserve's warning on continued policy tightening, will remain choppy over at least the next couple of months.
The U.S. Federal Reserve will not back away from "talking tough" on the markets until there is significant progress on inflation, which will perpetuate volatility into mid-2023, UBS Global Wealth Management's chief investment officer said on Monday.
Whether they are selling burgers, pizza or pancakes, major U.S.
In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual rate of around 1.8%.
The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets.
India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise.
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher and tested equity and earnings valuations.
"Don't fight the Fed" is a well-worn market maxim, and hedge funds are sticking to it like glue.
Bank of Korea Gov. Rhee Chang-yong said Saturday interest rates would need to continue increasing until inflation is in decline, but the country likely could not call a halt to its tightening cycle before the U.S.
