Bank shares boosted the Dow Jones and the S&P 500 indexes on Tuesday as the big four lenders raised dividends following a stress test, but a sharp drop in consumer confidence brought to fore the risks from rising inflation.
Wall Street tumbled in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries that the Federal Reserve's aggressive battle against inflation could tip the economy into recession.
Wall Street slid on Tuesday with early gains reversing to a broad sell-off on the heels of dire consumer confidence data, which dampened investor optimism and stoked recession fears.
India is considering allowing mills to ship out stocks of raw sugar that have piled up in ports and warehouses, trade and government sources said on Tuesday, weeks after it imposed curbs on overseas sale of the sweetener.
Big Four accounting firm Ernst & Young will pay $100 million to settle U.S.
Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year.
European shares rose on Tuesday, led by commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, with investors eyeing the European Central Bank's (ECB) annual forum for clues on monetary policies.
European shares rose on Tuesday as risk appetite improved after China eased its COVID-19 quarantine mandate, while rising oil prices provided an additional boost to energy stocks.
Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis, industry data showed on Tuesday.
The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday.
The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to deplete Moscow's war chest.
The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters.
Pakistan said on Tuesday that it has received economic and financial targets from the International Monetary Fund (IMF) that once agreed and ratified should pave the way for multilateral lender to unlock a suspended bailout programme.
Global shares moved into positive territory on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
Global shares were higher on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
Stocks on global indexes were lower on Tuesday following a drop in June U.S. consumer confidence, while oil prices gained for a third day.
Stocks on global indexes fell sharply on Tuesday, with the S&P 500 down 2% after a report showed U.S.
The euro won support on Tuesday as traders braced for European inflation figures to run hot this week and awaited a speech from central bank chief Christine Lagarde, while worries about a recession kept the U.S.
The euro held onto its recent gains on Tuesday ahead of European inflation figures this week that are expected to run hot and a speech from central bank chief Christine Lagarde, while a rally in oil prices boosted commodity currencies.
The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the euro held below $1.06 as European Central Bank (ECB) President Christine Lagarde offered no fresh insight on the central bank's policy outlook.
The dollar climbed on Tuesday and the euro held below $1.06 as European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank's policy outlook.
The dollar climbed on Tuesday while the euro faltered after European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank's policy outlook.
Russia's first major international debt default in over a century, which Washington said became a fact on Monday, follows months of co-ordinated Western sanctions that left Moscow with cash but no access to the international financial network.
Citigroup has snapped up one of Deutsche Bank's most seasoned investment bankers to bolster its leadership team in charge of banking, capital markets and advisory (BCMA) in Europe, the Middle East and Africa.
New orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could slow momentum.
Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast debt pile after the 1917 Revolution, but its $1.8 trillion economy is showing no sign of sinking just yet.
The Hungarian forint fell to a record low against the euro on Monday, exposing the economy's vulnerabilities and putting pressure on Prime Minister Viktor Orban to reach a deal with Brussels on the release of frozen European Union funds.
The Nasdaq Composite index fell by midday trading on Monday, dragged down by high-growth stocks as last week's rally on easing concerns over inflation lost steam, while recovering oil prices boosted shares of energy firms.
U.S. stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy.
Canada's main stock index edged higher on Monday, aided by gains in resources-linked shares and an upbeat mood in global equities, although sentiment remained fragile amid recession fears.
