ECONOMY & MARKETS

Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.

All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 1.25% at their July 4 meeting in a move that escalated a battle against rising inflation, the central bank's minutes showed on Monday.

Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.

Wall Street stocks closed lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year.

U.S. stock indexes rose on Monday after earnings from big banks beat expectations for profit, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

U.S. stock indexes rose on Monday after Goldman Sachs beat profit expectations, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

U.S. stock indexes looked set to open higher on Monday after Goldman Sachs beat profit expectations, extending last week's positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.

A top Bank of England official pushed back on Monday at suggestions from a leading candidate to become Britain's next prime minister that the government should set a "clear direction of travel" for monetary policy.

Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market associations showed.

Indonesia's central bank has sold some of its holdings of government bonds in the secondary market, an official said on Monday, stepping up its normalisation of monetary policy after keeping liquidity very loose during the pandemic.

The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.

The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.

Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower dollar, offsetting demand fears brought on by a possible recession and China lockdowns.

Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies that offset concerns about a recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.

Oil prices fell $1 in early trading in Asia on Monday, cutting into gains from Friday, as attention turned back to rising COVID-19 cases in China and the prospect of lockdowns again reducing fuel demand in the world's top oil importing nation.

A gauge of global stocks edged higher on Monday as a late-session sell-off in U.S.

A gauge of global stocks rose for a second straight day on Monday and the dollar weakened as investors dialed back expectations the Federal Reserve will take a more aggressive approach in hiking interest rates next week and the U.S.

A gauge of global stocks rose on Monday and the dollar eased as investors dialed back expectations the Federal Reserve will take a more aggressive approach in hiking interest rates next week while the U.S.

World equity markets got off to a solid start on Monday and the euro pulled away from parity as market participants scaled back bets on the Federal Reserve interest rate hike next week and on optimism spurred by central bank pledges to support China's economy.

Asian share markets rallied on Monday following a much-needed bounce on Wall Street, though nerves were stretched ahead of a near-certain interest rate hike in Europe and another round of corporate earnings reports.

Asian shares inched higher on Monday following a much-needed bounce on Wall Street, but nerves are stretched ahead of a near-certain interest rate hike in Europe and another round of corporate earnings reports.

India's economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is expected to stay on course to become the world's fastest-growing economy, the Reserve Bank of India said on Saturday.

Pakistan is likely to get $4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, the country's finance minister said, two days after sealing a deal with the lender.

The Bank of Canada expects inflation to go "a little over" 8%, as soon as next week when June's data is released, and stay in that range for a few more months, Governor Tiff Macklem told a business group in a webcast transcript released late Friday.

The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts to stay in the Sakhalin-2 oil and gas project, three sources said, after Russia seized control of the development key to Japan's energy supply.

Indonesia on Saturday urged G20 finance leaders to stay focused on their goals for global economic recovery, but sources said the meeting in Bali would likely end without a formal communique as Russia's war in Ukraine continues to divide the group.

British Prime Minister Boris Johnson will offer millions of public sector workers pay rises averaging 5% next week, the Financial Times reported on Friday, citing unnamed government ministers.