ECONOMY & MARKETS

T.L. Wali, a 66-year-old lawyer in Delhi's high court, had been looking forward to retirement.

India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.

When its employees started leaving in droves for better-paying jobs across the border in Switzerland, family-run French window maker Fligitter knew it needed to do something to retain staff.

The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S.

Wall Street's main indexes plunged on Tuesday, with the tech-heavy Nasdaq leading the slump, as economic data and bleak company forecasts added to nerves about slowing growth amid decades-high inflation.

Wall Street veered lower on Tuesday as fears over whether attempts to curb decades-high inflation growth could tip the U.S. economy into recession dampened investor risk appetite.

Canada's top six banks are expected to post an average 12% drop in second-quarter earnings from the previous three months as increased expenses and loan-loss reserves and lower investment banking revenues outweigh strong loan growth and margin expansion from rising interest rates.

Momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business survey on Tuesday that showed rising pessimism.

Indonesia's central bank announced on Tuesday more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its target band this year, but kept interest rates unchanged at a record low.

The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine Lagarde said eurozone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.

The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S.

The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.

U.S. central bankers broadly back two more big interest rate hikes in June and July, but what happens after is a matter of intense internal debate that turns in large part on differing views of how price pressures will play out in months ahead.

South Korea's central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than double its target, taking rates higher by year end than previously thought, a Reuters poll showed.

Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to a closely-watched global report, though it warned companies face a growing number of challenges in the months ahead.

The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.

Russian aluminum giant Rusal has been making steady payments to Jamaica as part of a 2021 agreement to pay back production taxes it owes the government, according to Jamaican Transport and Mining Minister Audley Shaw.

Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday.

Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday.

Sri Lanka hired Lazard and Clifford Chance as financial and legal advisers respectively to represent the government in talks with international creditors, three sources familiar with the situation said on Monday.

While the world economy faces headwinds, current growth forecasts offer a buffer against a potential global recession, the International Monetary Fund's No. 2 official said Monday.

U.S. households reported their highest level of financial well-being since tracking began almost a decade ago and the gains were felt across all racial and ethnic groups, a Federal Reserve report released on Monday showed.

U.S. stocks ended higher on Monday as gains from banks and a rebound in megacap market leaders supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.

Wall Street's main indexes were set for a higher open on Monday, helped by a bounce back in growth and bank stocks, after the benchmark S&P 500 hovered near a grim market milestone at the end of last week.

U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.

Wall Street rallied on Monday as gains from banks and recently battered megacap market leaders helped U.S.

The S&P 500 and the Dow rose on Monday, led by gains in banks and Apple after a sharp selloff last week, while a slide in Tesla and chipmakers weighed on the tech-heavy Nasdaq.

Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.

A free bitcoin pizza stall and a "Liquidity Lounge" were among the treats on offer for attendees at this year's meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values.