Investors are bracing for a fresh slide in banking stocks, with fears of a hit from a potential recession outweighing the lure of relatively cheap valuations and a strong long-term outlook.
U.S. Treasury Secretary Janet Yellen on Tuesday acknowledged the Japanese yen's substantial depreciation in recent weeks, but said the U.S.
Brazil's growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October's presidential vote, dampening the outlook for 2023, a Reuters poll showed.
Hong Kong needs to allow financial sector employees to travel freely to retain its global investment and banking hub status, an industry report said, as the city continues to maintain some of the strictest coronavirus regulations in the world.
India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed.
India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a Reuters poll showed.
The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors.
Global equities faltered, oil fell and the euro inched closer to parity with the safe haven dollar on Tuesday as the prospect of further tightening by central banks, renewed COVID outbreaks in China and Europe's energy shortages spooked investors.
Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China's renewed COVID outbreak and Europe's energy shortage, which also left the euro a whisker from parity with the safe haven dollar.
The euro rebounded on Tuesday after earlier sliding to a 20-year low and effectively reaching parity against the U.S.
The euro inched higher on Tuesday, reversing earlier falls that had taken it to the brink of parity with the dollar, but it stayed under heavy pressure from a potential energy supply crunch and uncertainty over the ECB's rate rise campaign.
The euro fell on Tuesday, almost touching parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by an energy crunch and an ECB rate rise campaign that lags far behind that of the Fed.
The euro fell on Tuesday almost to parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by an energy crunch and an ECB rate rise campaign that lags far behind that of the Fed.
The U.S. dollar hit a fresh two-decade peak versus major peers on Tuesday, hoisted by safety bids and expectations of further aggressive rate hikes by the Federal Reserve, while the euro was pinned close to a 20-year low near parity to the greenback.
The euro hovered close to a 20-year low near parity to the dollar on Tuesday amid concerns that an energy crisis could tip Europe into recession, while the U.S.
A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far.
Global benchmark Brent crude tumbled $7 to below $100 a barrel on Tuesday on a strengthening dollar, demand-sapping COVID-19 curbs in top crude importer China, and rising fears of a global economic slowdown.
Japan's yen-based import prices surged at a record pace in June, data showed on Tuesday, keeping wholesale inflation elevated as the currency's sharp slump continued to weigh on a fragile economic recovery by boosting commodity costs.
Global banks are rushing to sell bonds in Singapore, where unique monetary settings have opened a favourable borrowing window that puts the city-state's debt markets on course for the biggest year of bank-capital raising in more than a decade.
U.S. Treasury Secretary Janet Yellen began a meeting on Tuesday with Japanese Finance Minister Shunichi Suzuki to discuss ways of further strengthening Western sanctions against Russia over its war in Ukraine.
U.S. Treasury Secretary Janet Yellen will discuss ways to further strengthen Western sanctions against Russia over its war in Ukraine when she meets with Japanese Finance Minister Shunichi Suzuki on Tuesday, the Treasury Department said.
U.S. Treasury Secretary Janet Yellen will discuss ways to further strengthen Western sanctions against Russia over its war in Ukraine when she meets with Japanese Finance Minister Shunichi Suzuki on Tuesday, the Treasury Department said.
Bank of England Governor Andrew Bailey said on Monday that he still thought that inflation was likely to fall sharply next year, broadly in line with forecasts the British central bank presented in early May.
After months stuck at home unable to provide for his family, Malian truck driver Ibrahima Sangare is delighted to be back on the road after the lifting of regional economic sanctions let him resume long-distance drives to ports in Ivory Coast.
Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.
Argentina's new economy minister Silvina Batakis said on Monday she would target cutting the country's high fiscal deficit, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and growing pressure on the peso.
Argentina's new economy minister Silvina Batakis announced a series of measures aimed at cutting the country's high fiscal deficit on Monday, pledging "order and balance" in a bid to tame spiraling inflation, tumbling markets and pressure on the peso.
The Fed is nowhere near taking a victory lap on inflation, but some signals from the bond market suggest that day may not be quite as distant as policymakers had anticipated.
U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.
U.S. stock indexes fell on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation.
