Oil plummeted about 9% on Tuesday in the biggest daily drop since March on growing fears of a global recession and lockdowns in China that could slash demand.
Oil plummeted by about $10 a barrel on Tuesday as concerns of a global recession curtailing demand overshadowed a strike by Norwegian oil and gas workers that could cut exports and exacerbate supply shortages.
Brent oil slipped on Tuesday as concerns of a possible global recession curtailing demand outweighed supply disruption fears, highlighted by an expected production cut in Norway.
Oil prices dropped $6 on Tuesday as concerns about a possible global recession curtailing demand outweighed supply disruption fears, highlighted by an expected production cut in Norway.
Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway.
Brent oil prices slipped on Tuesday, reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by an expected production cut in Norway.
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries.
By Lucy CraymerWELLINGTON -New Zealand's business confidence continued to worsen in the second quarter of this year as companies grappled with increased costs and higher interest rates, a private think tank said on Tuesday.
Ireland's reliance on just 10 multinational firms to pay over half of the country's soaring corporate tax receipts represents an "incredible level of vulnerability" for the economy, the finance ministry's chief economist warned on Monday.
Argentina's new economy minister Silvina Batakis was sworn in on Monday and quickly moved to calm markets that slid after the shock resignation of her predecessor on fears his exit would spark a shift towards more populist policies and state spending.
Argentina's closely watched black market peso crashed on Monday after the country's economy minister quit abruptly over the weekend and was replaced by an economist more closely aligned with the far-left wing of the ruling Peronist coalition.
Argentina's closely-watched black market peso crashed around 11% after the country's economy minister quit abruptly over the weekend and was replaced by an economist more closely aligned with the far-left wing of the ruling Peronist coalition.
Canadian businesses now expect inflation to be high for longer, with firms eyeing survey-high wage increases over the next year and many planning to pass rising costs onto customers, a Bank of Canada survey showed Monday.
The Bank of Israel escalated its battle against inflation on Monday, raising its benchmark interest rate by a half percentage point, and signalled no sign of stopping despite an uncertain political environment.
The Bank of Israel on Monday raised its benchmark interest rate by a half percentage point, its most aggressive move in more than a decade and signalled no sign of stopping in a bid to battle rising inflation that has topped 4%.
Lebanon's top finance lawmaker said prime minister designate Najib Mikati had verbally proposed "very serious" changes to a recently-adopted plan to revamp the collapsed financial sector, in a move that could delay progress towards a final IMF deal.
British manufacturing firm Corbetts the Galvanizers used to rely on a stream of workers from Poland and Romania to fill its shop floor, where steel is dipped into a long vat of molten zinc at temperatures of around 450?C (842?F).
President Emmanuel Macron's government will get its first taste of life under France's new political order in the days ahead when it tables a bill to help households cope with runaway inflation without a controlling majority in parliament.
Ireland can increase its budget package for 2023 to help to fight soaring inflation, the finance ministry said on Monday after forecasting a small budget surplus rather than a deficit this year.
Fruit growers in Indian-administered Kashmir said on Monday they were facing huge losses as truck-loads of apples, pears and other produce got caught up in traffic jams caused by a security crackdown during an annual Hindu pilgrimage.
The European Central Bank's biggest shareholder, Germany's Bundesbank, laid out its conditions for providing fresh support to the euro zone's most indebted countries on Monday after opposing such aid at an emergency meeting last month.
Bundesbank President Joachim Nagel objected to the European Central Bank's promise of fresh support for the bloc's indebted south at an emergency meeting last month, reviving a divide between the ECB and its biggest shareholder, sources familiar with the matter told Reuters.
China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter.
Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion cling above the $1,800 support level.
Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level.
Gold edged lower in choppy trade on Monday, pressured by a stronger U.S. dollar, but weakness in Treasury yields helped keep prices above $1,800.
Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1,800-mark and marginally outweighed pressure stemming from elevated U.S.
Silvina Batakis arrives at Argentine's Ministry of Economy in full-blown crisis mode, with inflation above 60%, a high fiscal deficit, fears rising about debt defaults and savers losing faith in the peso currency and anticipating a devaluation.
The euro and sterling rose on Monday against safe-haven currencies, supported by improved global risk sentiment in a quiet trading session due to a holiday in the United States.
