ECONOMY & MARKETS

China's wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane, a slump in the property sector deepening and job cuts still a widespread menace.

The U.S. dollar sank to its lowest in more than six weeks versus the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.

The dollar sank to a fresh six-week low to the yen on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S.

The dollar hung near a three-week low to major peers on Monday as markets continued to wager that the Federal Reserve has less tightening to do with the U.S.

The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.

The U.S. dollar hit its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected.

South Korea's exports grew at a faster annual pace in July as robust demand from the United States offset weak sales to China, though the trade and broad economic outlook was clouded by slowing global growth amid rapidly rising borrowing costs.

Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening by global central banks.

World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, while the dollar slid against the yen as speculators exited suddenly unprofitable short positions.

Wall Street see-sawed and crude prices plunged on Monday as world factory data showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.

Wall Street see-sawed and crude prices plunged on Monday as world factory data showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite.

Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week's meeting of officials from OPEC and other top crude producers on supply adjustments.

Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.

Oil prices dropped sharply on Monday as weak manufacturing data from China and Europe weighed on the demand outlook while investors braced for this week's meeting of officials from OPEC and other top crude producers on supply.

Hungary will allow companies to pay their taxes in euros or dollars, the government announced on Saturday, a move which analysts said could boost the country's reserves at a time its hard currency needs have soared.

Argentina's incoming economy chief, the crisis-racked country's third in a less than a month, may be its last best chance to right a sinking ship, or at least avoid further deterioration ahead of a high-stakes election next year.

Argentina's international bonds rose on Friday but remain near historic lows after President Alberto Fernandez's launched a "superministry" designed to coordinate economic policy, though analysts warned of uncertainties.

Japan doesn't need to intervene in the currency market as the sharp depreciation in the yen won't continue, due to the changing economic environment in the United States and Japan, the country's former top currency diplomat Eisuke Sakakibara said on Friday.

Pakistan's powerful army chief appealed to Washington to use its leverage to secure the early release of International Monetary Fund money, Pakistani sources said on Friday, as the South Asian nation struggles to stave off an economic crisis.

Federal Reserve Chair Jerome Powell said this week he's looking for compelling signs that inflation is cooling before the U.S.

Apple and Amazon added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability of these firms to weather a slowdown in the economy.

One day you're out and the next day you're in: the world's battered sovereign bond markets are back in favour as global recession fears mount.

Brazil's central bank will hike its key rate by 50 basis points next week, a Reuters poll showed on Friday, matching an increase at its last meeting following a year of aggressive moves to combat inflation still running in double digits.

The Canadian economy most likely grew at an annualized rate of 4.6% in the second quarter over the first, boosting market expectations of another big interest rate hike in September.

Canada's resource-heavy main stock index rose on Friday, capping a positive month for the market, as company earnings impressed investors and preliminary data showed the Canadian economy expanding more than expected in the second quarter.

Canada's resource-heavy main stock index rose on Friday, helped by strong company earnings, while data showing Canadian economy most likely grew above Bank of Canada's projection boosted expectations of another big hike in September.

U.S. stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon.com, and the S&P 500 and Nasdaq posted their biggest monthly percentage gains since 2020.