Oil prices fell on Friday, reversing in volatile trade, pulled downward by the U.S. heating oil contract that plummeted by more than 20% at one point on the day of its expiration.
Singapore lenders DBS Group and OCBC gave cautious outlooks on Friday after reporting 10% declines in quarterly profits amid weaker economic growth, though their performances still beat analysts' estimates.Though rising interest rates and the full re-opening of Singapore's trade-dependant economy after restrictions during the pandemic spell good news for banks, inflation risks are weighing on their prospects.
The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid to woo U.S.
Rail backlogs in the United States are delaying shipment of grains as well as processed flour and corn syrup, contributing to the national problem of inflation, food and grain companies said at a hearing this week.
Canada's most populous province of Ontario on Thursday forecast steadily declining deficits over the medium term helped by a strong economic recovery, and projected a return to surplus by 2027-28, two years earlier than forecast in the previous budget.
The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighbouring Port of Zeebrugge is set to boost overall volumes in coming years, the group's chief executive said on Thursday.
The European Commission on Thursday warned buyers of Russian gas they could breach sanctions if they converted gas payments into roubles, as officials struggled to clarify the EU's stance on Moscow's payments scheme, which has sowed confusion in the bloc.
Wall Street was set to open higher on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks, offsetting concerns as data showed U.S.
Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S.
Wall Street's main indexes rose on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S.
Wall Street rallied on Thursday as a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S.
The recovery in sub-Saharan Africa's major economies will gain little traction this year as weak local currencies undermine a boost to export earnings from high commodity prices, a Reuters poll found on Thursday.
Indonesia's wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at ports and oil mills in the world's top producer, four industry officials told Reuters on Thursday.
Spain's Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions and a positive contribution from its British unit TSB.
Barclays put share buyback plans on hold pending discussions with U.S.
Barclays put share buyback plans on hold due to scrutiny by U.S. regulators of a trading blunder it announced last month, piling early pressure on new CEO C.S. Venkatakrishnan.
Barclays has put its $1.25 billion share buyback plan on hold until talks with U.S.
Standard Chartered's first-quarter pre-tax profit rose 6%, beating market expectations, as the emerging markets-focused lender benefited from rising interest rates and flagged a robust outlook.
Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation.
U.S. economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases disrupted activity, but the decline in output paints a misleading picture of the economy amid solid domestic demand.
The U.S. economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong.
The U.S. economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong.
Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
Gold prices fell to a 10-week low on Thursday, as an elevated U.S.
Gold prices hovered near their lowest level in two months on Thursday, as expectations of aggressive U.S.
Gold prices hovered near their lowest level in two months on Thursday, as expectations of aggressive U.S.
Gold prices inched lower on Thursday, hovering close to a 10-week trough touched earlier, as a robust dollar overshadowed jitters over contraction in U.S.
Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield.
Global stocks steadied on Thursday, taking comfort from company earnings, while a collapse in the yen after Japan doubled down on anchoring bond yields drove the dollar toward its highest levels in decades.
The dollar was on the cusp on Thursday of its highest in two decades on Thursday while stocks gained on corporate earnings, with the yen tumbling to its lowest since 2002 after the Bank of Japan doubled down on its ultra loose monetary policy.
