Reuters

Vanguard, the world's second-largest asset manager, believes U.S.

Confidence among U.S. single-family homebuilders fell for the ninth straight month in September as soaring mortgage rates and persistently high prices for building materials made new housing less affordable for many first-time buyers.

Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs.

The world's central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes despite the growing threat of recessions and currency market volatility.

Tens of thousands of people lined the route taking the late Queen Elizabeth to her final resting place at Windsor Castle on Monday, throwing flowers towards the hearse and cheering as it departed the British capital following her state funeral.

Wall Street's main indexes were set for a lower open on Monday, extending declines for a third straight day as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S.

Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies as it looks to curb exposure to Dhaka's falling reserves, according to an internal document and a source.

Alphabet Inc's Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications in India, according to sources.

European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war.

An offshore bondholders' group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled housing projects of the Shenzhen-based developer to facilitate their completion, two people with direct knowledge of the matter said.

The head of Hong Kong's leading journalist group was charged on Monday with obstructing police officers, a case seen by critics as a further blow to media freedoms in the Chinese-ruled city.

The Hungarian government will submit the first of several anti-corruption bills to parliament on Monday, its spokesman said, as Budapest scrambles to avoid losing billions of euros in European Union funding.

The chief executives of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major U.S.

The Federal Reserve, after chasing inflation for the better part of a year, will look ahead as far as 2025 in new projections this week that will show more fully the depth and length of the economic "pain" its policymakers expect to be needed to stop the current surge in prices.

As President Jair Bolsonaro lays the groundwork to contest a potential defeat in an October election, Brazil's courts, congressional leadership, business groups and civil society are closing ranks to shore up trust in the integrity of the vote.

Brazil will hold the most polarized presidential election in decades next month, with many expecting incumbent President Jair Bolsonaro to contest the result if he is defeated by former leftist President Luiz Inacio Lula da Silva, as polls suggest.

Volkswagen shares rose slightly on Monday after the carmaker said it was targeting a valuation of up to 75 billion euros ($74.84 billion) for sportscar brand Porsche, in potentially Europe's third biggest IPO ever.

Thousands of people camped overnight in London to get the best spots for viewing Queen Elizabeth's funeral procession on Monday.

Just months ago, investors worried the Federal Reserve was not fighting inflation aggressively enough.

Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.

The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day.

Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States.

Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields.

Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up with demand for sprouts and seedlings, risking a delay in the industry's recovery from the COVID-19 pandemic.

Ukrainian President Volodymyr Zelenskiy vowed there would be no let up in fighting to regain territory lost to Russia after the top U.S.

Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands.

Hurricane Fiona was barreling toward Puerto Rico on Sunday, threatening to slam the U.S.

Pakistan will "absolutely not" default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy.

Alla Pugacheva, the queen of Soviet pop music, on Sunday denounced President Vladimir Putin's war in Ukraine which she said was killing soldiers for illusory aims, burdening ordinary people and turning Russia into a global pariah.