Oil prices seesawed in positive and negative territory on Tuesday, holding up despite recession fears and potential new COVID-19 curbs in China that could dampen demand as the market remains tightly supplied.
Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China.
Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated his concerns about the recent rapid yen weakening, saying the government will coordinate any appropriate steps with the Bank of Japan as the currency slid to 24-year lows to the dollar.
The Bank of Japan ramped up bond buying on Tuesday as its yield cap came under renewed pressure from rising global interest rates, highlighting its difficulty in remaining a dovish outlier in a global wave of monetary tightening.
Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high on fears aggressive U.S.
Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive U.S.
Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive U.S.
World shares inched higher and Wall Street was tipped for a stronger open on Tuesday, as U.S. Treasury yields steadied at multi-year highs following the worst selloff in years.
U.S. Treasury yields held near multi-year highs on Tuesday, while stock markets reeled from the previous session's rout on signs that central banks' action to curb inflation would tip the world economy into recession.
Global stocks and bonds stemmed heavy losses on Tuesday in choppy trade as investors tried to recover from the previous day's rout, while bracing themselves for an U.S.
The U.S. dollar stood by a fresh 20-year peak on Tuesday and just about everything else nursed losses as investors braced for aggressive Federal Reserve rate hikes and a possible recession.
The U.S. dollar stood just below a 20-year peak on Tuesday and just about everything else nursed losses as investors braced for aggressive Federal Reserve rate hikes and a possible recession.
The U.S. dollar consolidated gains near a 20-year peak on Tuesday while its rivals from the Aussie to the euro nursed steep losses as traders braced for aggressive interest rate hikes from the Federal Reserve this week.
Eroding inflation data and fast-changing views in financial markets on Monday have opened the door to a larger-than-expected three-quarter-percentage point interest rate increase when Federal Reserve officials meet this week.
A closely watched part of the U.S. Treasury yield curve inverted on Monday for the first time since April following hotter-than-anticipated inflation data last week.
Additional measures will be needed to bring Pakistan's budget for FY2022-23 in line with the key objectives of its International Monetary Fund programme, the lender's resident representative in Islamabad said on Monday.
The benchmark S&P 500 was down more than 20% from its Jan.
Francesco Giavazzi, the closest economic adviser to Italian Prime Minister Mario Draghi, said on Monday that European Central Bank interest rate hikes were not the right way to curb surging price rises.
Traders have sharply increased where they see rate hikes by the world's top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures.
The stock market's brutal year neared a grim milestone as the S&P 500's slide on Monday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth.
There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley CEO James Gorman said on Monday, warning of a "bumpy" ride ahead for investors.
Israel and India are preparing to resume talks on a free trade agreement, Israel's Economy Ministry said on Monday, adding that an Indian delegation had arrived in Jerusalem to discuss framework rules and coordinate expectations for negotiations.
Italy is studying measures to cut taxes on low- and middle-income workers and help families and firms cope with surging energy costs exacerbated by the Ukraine war, two government officials said.
The Bank of Japan is likely to keep interest rates ultra-low on Friday, unfazed by a relentless fall in the yen that is boosting import costs and shows little sign of abating while other central banks around the world withdraw monetary stimulus.
U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday -- the so-called curve inversion that often heralds economic recession -- on expectations interest rates may rise faster and further than anticipated.
U.S. Federal Reserve officials, beset by ongoing high inflation and a weakening growth picture, will lay out on Wednesday how they think their increasingly difficult goal of cooling the economy without sending it into a tailspin may play out in the months ahead.
Wall Street's main stock indexes fell sharply on Monday, with the S&P 500 on track to confirm a bear market on fears that the Federal Reserve's aggressive rate hikes would tip the economy into recession.
Wall Street's main stock indexes fell sharply and the S&P 500 was on track to confirm a bear market on Monday on fears that the Federal Reserve's aggressive interest rate hikes would tip the economy into recession.
U.S. equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession.
U.S. equities tumbled on Monday, with the S&P 500 on pace for its fourth straight decline and poised to confirm a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession.
