Thailand's finance minister said on Tuesday this year's economic outlook was still good despite the state planning agency's downgrade of its growth forecast, adding he also hoped for a policy rate from the central bank that supports recovery.
India's wholesale prices accelerated at the fastest pace since at least April 2005, according to Refinitiv data, as the Ukraine war and a weak rupee pushed up energy and raw material costs for companies.
Britain's unemployment rate fell to its lowest since 1974 in the first three months of this year, but soaring inflation led to the biggest annual fall in real earnings for most workers since 2013, official figures showed on Tuesday.
Britain's jobless rate hit a 48-year low in the first three months of 2022 and employers paid bigger bonuses to keep or attract staff, according to data that added to bets by investors on further Bank of England interest rate hikes.
Indonesia's trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a new record high while imports grew slower than expected, data from the statistics bureau showed on Tuesday.
Indonesia's trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a record high while imports grew slower than expected, data from the statistics bureau showed on Tuesday.
Like for millions of people in developing and emerging market countries around the world, shopping for staple foods has turned from a necessity into a luxury for Selcuk Gemici.
The Bank of Japan must maintain current monetary stimulus to create sustainable increases in prices, corporate profits, jobs and wages, its deputy governor said on Tuesday, dismissing speculation about an early exit from accommodative settings.
Global shares recovered on Tuesday on optimism about an easing of China's crackdowns on tech and COVID-19, but concerns about rising prices and slowing growth worldwide set a nervy tone elsewhere in markets.
Global equity markets rallied and Treasury yields rose on Tuesday, as solid U.S.
Asian shares led a global rally on Tuesday on optimism about an easing of China's crackdowns on tech and COVID-19, but concerns about rising prices worldwide set a nervy tone in markets as investors wait for more signals from policymakers.
Asian shares advanced on Tuesday, led by a jump in technology majors, as hopes grow for an easing of China's unprecedented regulatory crackdown on its once-freewheeling tech sector.
Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
The Philippine central bank will kick off its tightening cycle on Thursday, much earlier than previously thought, joining peers around the world in a race to tighten monetary policy to tackle rising inflation, a Reuters poll found.
Thailand's economy grew faster than expected in the first quarter as exports increased and an easing of COVID-19 curbs helped activity and tourism, but higher inflation remained a drag on a fragile recovery.
Oil hit its highest in seven weeks on Tuesday, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.
Oil prices eased on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, and as investors took profits following a recent rally.
Oil prices opened lower in early Asian trade on Tuesday after the European Union's efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary.
Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally.
The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative territory at its following meeting in September, despite a 30% chance of recession within a year, a Reuters poll of economists showed.
Bank of England Governor Andrew Bailey said on Monday that the current surge in inflation was the central bank's biggest challenge since it gained independence in 1997, but denied that policymakers had been "asleep at the wheel".
A sell-off in U.S. stocks and bonds will likely dry up during the summer months as the Federal Reserve whittles down its nearly $9 trillion balance sheet, said Rick Rieder, chief investment officer of global fixed income at Blackrock, the world's largest asset manager.
Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative.
Wall Street ended lower on Monday, with energy stocks rallying and Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.
The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.
Wall Street was mixed on Monday, with energy stocks rallying and Tesla and other growth stocks losing ground as downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.
China's property sales in April fell at their fastest pace in around 16 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key pillar of the world's second-largest economy.
Japan needs a faster "third arrow" growth strategy focussing on promoting a carbon-neutral society, including by creating a financial hub in Tokyo for Asian firms aiming to go green, said Hiroshi Nakaso, considered a front-runner to be the country's next central bank chief.
The U.S. dollar consolidated gains near a two-decade peak on Monday as poor Chinese economic data hurt cyclical currencies including the British pound and the Australian dollar lower.
The Australian dollar and the Chinese yuan came under pressure from weak Chinese economic data on Monday, while the U.S. dollar consolidated gains near a 20-year peak.
