Malaysia's central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the U.S.
A decade ago Indonesia earned the unwelcome label of being among the so-called "Fragile Five" emerging markets, economies highly vulnerable to capital outflows and a currency slump whenever global interest rates rise.
Poring over the ledger at her more than 230-year-old liquor shop in Kyoto, Yasuko Fujii has mixed feelings about the return of foreign tourists who would crowd the streets of Japan's ancient capital before the pandemic - and buy lots of whisky and wine.
U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve.
Wall Street gained ground in light trading on Friday, the first session of the second half of 2022, as investors headed into the long holiday weekend looking for the next market-moving catalyst.
Wall Street started the second half of the year on a dull note on Friday as investors worried over the risks to economic growth from the Federal Reserve's resolve to curb rising prices at all costs.
Wall Street bounced back to a sharply higher close in light trading on Friday as investors embarked on the second half of the year ahead of the long holiday weekend.
Futures pointed to opening losses on Wall Street at the start of the second-half on Friday, as investor worried about the hit to economic growth from the aggressive steps by policymakers determined to stamp out raging inflation.
Pakistan's consumer price index (CPI) rose 21.3% in June from a year earlier, the statistics bureau said on Friday, for the South Asian nation's highest inflation in 13 years.
The contract covering more than 22,000 workers at 29 U.S.
U.S. mortgage lenders, refinancing companies and real-estate brokers may lay off thousands of employees in the coming months, industry sources said, as many Americans put off buying a home.
Citigroup Inc is in talks with Russian private lender Expobank over a possible sale of some of its operations in the country, the latest attempt by a Western bank to quit sanctions-hit Russia, a source familiar with the matter told Reuters.
Czechs have long gathered at village pubs to catch up with friends or celebrate special occasions in a nation famed for its beer culture, but soaring costs and belt-tightening by patrons have now left many watering holes fighting for survival.
Taiwan's economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a large fall in share prices including by top chipmaker TSMC.
Russia's invasion of Ukraine has exposed a gap in socially-minded investing - a hands-off approach to geopolitics and human rights.
Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last decade in the hope that they can better weather an economic storm.
India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand and increase federal revenues.
India introduced export duties on gasoil, gasoline and jet fuel on Friday to help maintain domestic supplies, while also imposing a windfall tax on oil producers who have benefited from higher global crude oil prices.
India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.
Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling that currency-market intervention is less likely than some investors expect.
New Zealand dairy, sheep and beef farmers are largely disappointed by the newly signed New Zealand-European Union free trade agreement, lamenting it provides little new access to the profitable market for meat and dairy.
Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China's strict COVID-19 lockdowns and Russia's invasion of Ukraine added to supply chain disruptions, surveys showed.
Global factory growth stalled in June as higher prices and a darker economic outlook left consumers wary of making purchases while China's strict COVID-19 lockdowns and Russia's invasion of Ukraine added to supply chain disruptions, surveys showed.
Pessimism about the global economic outlook boosted demand for the safe-haven U.S.
Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian dollar tumbling to a two-year low.
The second half of the year started with gains in global stock indexes on Friday ahead of the long U.S.
The second half of the year started with more declines in global stock indexes on Friday as recession concerns that have built in recent weeks also dragged down Treasury yields and metals.
The second half of the year started with more volatility for global stocks on Friday, as recession concerns that have built in recent weeks also pulled metals, bond yields and some key currencies sharply lower again.
The second half of the year started with another first class drubbing for global stock markets on Friday, as the recession concerns that have built in recent weeks also shoved oil and metals lower again.
Bonds slipped, the dollar edged higher and Asia's stockmarkets made a shaky start to the second half on Friday, as investors grow increasingly nervous about the global economic outlook.
