ECONOMY & MARKETS

The Reserve Bank of India (RBI) is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said on Monday.

Indonesia's central bank said a plan to sell billions of dollars worth of bonds bought during the pandemic would be conducted carefully, after analysts warned the move could spark debt outflows and complicate an agreement with fiscal authorities.

Futures contracts tied to the Federal Reserve's policy rate showed on Monday that benchmark U.S.

Henderson Land Development Co, one of Hong Kong's four major developers, plans to lend more land to the government to build transitional homes and is keen to help accelerate development of an area close to the Chinese border.

The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest rates than his dovish predecessor, potentially tilting the board away from Governor Haruhiko Kuroda's aggressive monetary easing policy.

The Bank of Japan's two new policymakers said on Monday the central bank needs an exit strategy from its massive stimulus, a sign the board's balance could tilt in favour of a withdrawal of Governor Haruhiko Kuroda's radical monetary easing.

Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite.

Stocks reversed early losses to rise on Monday, as investors hoped a batch of corporate earnings this week would boost sentiment and offset more signs of an economic slowdown before the Federal Reserve's two-day policy meeting.

Stocks headed lower on Monday with investors in a cautious mood ahead of the Federal Reserve's two-day policy meeting and what could be the latest central bank signal of an even faster pace of tightening just as signs of a global slowdown mount.

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand.

Oil prices rose over 1% on Monday, bolstered by supply fears, a dip in the U.S.

Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand.

The dollar was on a firm footing on Monday, as traders braced for a sharp U.S. interest rate hike this week and looked for safety as data points to a weakening global economy.

The dollar was on a firm footing on Monday, as traders brace for a sharp U.S. interest rate hike this week and look for safety as data points to a weakening global economy.

The dollar was lower against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S.

The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S.

Japan's asset managers nudged the volume up another notch at shareholder meetings this year, increasingly opposing management proposals and adding momentum to a policy of attracting foreign investors initiated by slain former Prime Minister Shinzo Abe.

China's national medical insurance fund ran a small surplus last year, a healthcare authority said on Saturday, a rare disclosure following public concern that the fund was losing money due to massive COVID-19 tests.

Argentina's debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts about the near-term prospects for Latin America's third biggest economy.

Colombia's central bank could hike its benchmark interest rate to 9% at its meeting next week, maintaining rate-increase intensity amid persistent inflation while reaching the end of expected raises, a Reuters poll revealed on Friday.

Monte dei Paschi di Siena (MPS)'s seventh capital raising in 14 years was always going to be a hard sell, now Italy's political crisis risks turning it into a mission impossible.

Monte dei Paschi di Siena (MPS)'s seventh capital raising in 14 years was always going to be a hard sell, now Italy's political crisis risks turning it into a mission impossible.

Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.

Mexican consumer prices rose higher than expected in early July, official data showed on Friday, boosting expectations of further interest rate hikes as the central bank struggles to tame stubbornly high inflation.

Smaller stock exchanges in the European Union should be exempt from having to supply market prices to a real-time record of transactions for investors, a senior EU lawmaker has proposed.

When the blaze tore through a forest in Greece last August, swallowing up pine trees and scorching the earth, Stathis Albanis knew his beekeeping trade would suffer.

Nepal's central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation which is running at a six-year high, and warned about pressure on declining forex reserves.

The S&P 500 and the Nasdaq fell on Friday as social media and ad tech firms led declines after dismal quarterly revenue from Twitter and Snap, while an upbeat forecast from American Express kept the Dow afloat.

The S&P 500 and the Nasdaq headed for a lower open on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express looked set to boost the Dow.