IBT Staff Reporter

UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well.

Authorities in India's western state of Gujarat are investigating an incident in which at least 28 people died and more than 50 were admitted to hospital after drinking spurious liquor, an official said on Tuesday.

European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some countries.

European Union countries bracing for further cuts in Russian gas supply approved a weakened emergency plan to curb demand on Tuesday after striking compromise deals to limit the reductions for some countries.

European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, after striking compromise deals to limit the cuts for some countries, as they brace for further Russian reductions in supply.

European Union countries are set to approve a weakened emergency proposal to curb their gas demand on Tuesday, with opt-outs allowing them to follow different national paths to prepare for Russian supply cuts.

European Union countries are set to approve a weakened emergency EU proposal to curb their gas demand on Tuesday, with opt-outs allowing them to follow different national paths to prepare for Russian supply cuts.

Iraqi Kurd farmers battle drought as Lake Dukan retreats

The Philippine central bank chief on Tuesday ruled out another off-cycle move on monetary policy tightening, while signalling a rate hike of less than 75 basis points at its Aug.

Thaw and redraw: melting glacier moves Italian-Swiss border

Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labour market.

Shortages leave bankrupt Sri Lanka's hospitals empty

Japan executes man over 2008 stabbing rampage

Pope Francis had some fun on Monday and made Canadian security sweat when he asked a Vatican aide to push his wheelchair close to people waiting outside a church instead of going to his car as planned.

Croatia opens bridge around Bosnia to get to Dubrovnik

Oil prices reversed early gains and settled lower on Tuesday, as investors worried about lower consumer confidence and braced for another 20 million barrels of crude oil to be released from the U.S Strategic Petroleum Reserve.

Oil prices fell on Tuesday, paring gains made earlier in the session on lower consumer confidence and the expectation of another 20 million barrels of crude oil to be released from the U.S Strategic Petroleum Reserve.

Oil prices rose on Tuesday for a second day on growing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a major pipeline.

Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key oil and natural gas supplier to the region, cut gas supply through a major pipeline.

Oil rose on Tuesday on expectations Russia's reduction in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand because of an expected increase in U.S.

The prospect of another Russian gas supply cut knocked the euro lower on Tuesday, while dollar gains were tempered by mounting uncertainty over the U.S.

With a U.S. interest rate rise priced for this week and uncertainty mounting over the Fed's policy-tightening path, the dollar held off recent two-decade peaks on Tuesday, while Russia's latest gas supply cut kept the euro under pressure.

The dollar held just below multi-decade peaks on Tuesday as traders awaited a rate hike from the U.S.

The dollar wobbled around just below multi-decade peaks on Tuesday, as traders waited on a rate hike from the U.S.

Abuse survivor's ordeal sheds light on Malaysia 'unilateral conversions'

Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms.

Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.

Rocky trade relations between the United States and China have recently taken a back seat to the conflict between major grain exporters Ukraine and Russia, but U.S.

Rocky trade relations between the United States and China have recently taken a back seat to the conflict between major grain exporters Ukraine and Russia, but U.S.