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Russian President Vladimir Putin accuses US of fanning Asia tension

Putin also cited the AUKUS security pact between Australia, Britain and the United States as evidence of Western attempts to build a NATO-style bloc in the Asia-Pacific region

Wall Street: Dow, S&P 500 gain on retail earnings boost; US yields rise

Walmart sees smaller profit drop this year; Home Depot beats sales estimates; US yields rise as retail data points to more Fed tightening

In a first, India buys discounted Venezuelan petcoke to replace coal

Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports

Blasts rock Russian base in Crimea, second attack in a month: Report

Kyiv tauntingly hinted at involvement which, if true, could show new capability to strike deeper into Russian territory, potentially changing the dynamic of the six-month conflict

China's Tencent Holdings may sell $24-billion stake in food delivery firm

Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake

Oil reverses losses, prices rise by about 1%; demand concerns persist

Brent crude futures rose 72 cents, or 0.8%, to $95.82 a barrel by 1219 GMT, after hitting a session low of $93.20. WTI crude futures rose $1.03, or 1.2%, to $90.44 a barrel, after falling to $87.82.

Investors bearish but no longer 'apocalyptically', says BofA poll

But fears of economic slowdown continued to rise, with 58% of investors anticipating a global economic recession in the next 12 months, up from 47% last month and the highest since May 2020

Activist investor Elliott sells down remaining SoftBank stake: Report

SoftBank's portfolio has subsequently been hit by a collapse in tech valuations as investors turn sceptical on the high-growth stocks it favours

Walmart expects smaller profit drop in 2022 as discounts drive demand

The retailer spooked markets across the globe last month when it slashed its profit forecast and warned that consumers were pulling back on discretionary purchases at a far greater pace than feared

Home Depot beats sales estimates in June qtr on demand from builders

Net sales for the largest US home improvement chain climbed 6.5% to a $43.79 bn, compared with estimates of $43.36 bn

Gold extends losses on dollar strength, traders watchful of Fed policy

Gold extended losses after posting its biggest drop in a month in the previous session, as a stronger dollar dented bullion's appeal

Indian Oil aims to restart Paradip refinery from mid-Sept: Report

Indian Oil Corp will restart crude processing at its 300,000 barrel per day Paradip refinery in eastern Odisha state from mid-September after a 45-day maintenance turnaround

Oil extends losses as weak demand outlook lingers global recession fear

Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel

Fairfax group-backed Digit Insurance files draft papers for India IPO

India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, has filed for an initial public offering, papers submitted to the market regulator showed on Tuesday.

Barclays sees crude oil surplus in near-term, cuts Brent price view

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies

Retail inflation may remain elevated despite easing in July: Report

India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said

Gold extends fall by 1% on stronger dollar, US Fed rate-hike worries

Spot gold was down 0.1% at $1,777.46 per ounce, as of 0054 GMT, after hitting its lowest since Aug. 8 at $1,772.30 on Monday

Dollar firm vs Aussie, euro, Chinese yuan on heightened recession worries

The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data reignited recession fears.

Oil prices fall as recessionary worries weigh on energy demand outlook

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China spurred fresh concerns about a potential global recession that could hit energy demand

Inflation, labour shortages to delay recovery in business travel spending

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026, a new industry forecast shows