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Oil price rises as US dollar loses steam though demand fears linger

Oil prices rose as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies

HSBC names Georges Elhedery as new CFO, potential CEO-in-waiting

The sudden elevation of Georges Elhedery, 48, at HSBC comes after he took a six-month sabbatical in January

HSBC Q3 profit slumps 42% on France sale charge, rising bad loans

HSBC reported on Tuesday a 42% tumble in third-quarter pretax profits on the back of losses on the sale of its French unit and rising bad loans, but its interest income surged

Air strike during concert in Myanmar's Kachin state kills at least 60

Myanmar has been gripped by violence since the army overthrew an elected government early last year

US rejects Russia's 'dirtybomb' claim, calls it a plot to escalate war

Russia has alleged that it suspects Kyiv of planning to use 'dirty bomb'

In a move to stoke demand, Tesla cuts prices in China by upto 9%

Tesla shares slumped as much as 4.1% before the start of regular trading and were down 2.3% to $209.43 shortly after 8 a.m. New York time

US, European shares rise on hopes Fed will slow interest rate hike pace

US and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes

Dollar shakes off suspected Japan intervention; stocks brace for earnings

US shares were mixed on Monday as European markets were lifted by hopes that US interest rates could rise more slowly

Oil gains on weaker US business activity, but Chinese demand data weighs

Brent crude futures for December settlement were up 55 cents, or 0.6%, at $94.05 a barrel by 10:39 a.m. EDT (1439 GMT), after rising 2% last week

Oil prices drop as Chinese demand data shows depressed consumption

Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September

Dollar shakes off suspected Japan intervention; stocks brace for earnings

The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift

Gold prices slip as dollar gains, investors assess US Fed's stance

Spot gold fell 0.6% to $1,647.17 per ounce by 0922 GMT. U.S. gold futures eased 0.3% to $1,651.40

Dollar shrugs off suspected yen intervention, Europe clings to US Fed hopes

The dollar roared to 149.70 yen in early trade before hastily retreating to 145.28 in a matter of minutes in what traders and analysts said appeared to be at the hands of the Bank of Japan

Oil climbs on expectations of tight supply as Russia sanctions loom

Brent crude futures climbed 54 cents, or 0.6%, to $94.04 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $85.56 a barrel, up 51 cents, or 0.6%

Dollar weathers suspected Japanese yen intervention, China data mixed

The US dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in rate hikes

Banks to hold all $13-billion debt backing Twitter deal, says report

Musk agreed to pay $44 billion for Twitter in April before the Federal Reserve started raising interest rates to fight inflation

Poor nations face peril over elusive G-20 debt relief push: An analysis

Two years ago the Group of 20 launched the Common Framework - a mechanism designed to provide a swift and comprehensive debt overhaul to nations buckling under debt burdens after Covid-19 shock

Fiscal, monetary authorities should be watchful amid global gloom: Finmin

"Inflation trajectory remains dependent on geopolitical developments," the report stated, adding risks to inflation were amplified by an appreciating U.S. dollar," the ministry said

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

Sri Lanka's consumer inflation hits record 73.7% in September

Annual food price inflation picked up to 85.8 per cent from 84.6 per cent in August, while prices of non-food items rose 62.8 per cent.