The union that represents Hyundai Motor Co's South Korean workers said on Tuesday it plans to resume a week of wage talks with management on Wednesday, staving off any immediate prospect of a walkout in a protracted industrial dispute.
Australia's central bank raised its cash rate 50 basis points to 1.35% on Tuesday and flagged more tightening ahead as it struggles to contain surging inflation.
Japan has been left with unspent budget totalling 22.4 trillion yen ($161.41 billion) from the last fiscal year, a draft seen by Reuters showed on Tuesday, which analysts say may raise questions about the way stimulus measures are implemented.
Ecuadorian Health Minister Ximena Garzon resigned on Monday from the government of President Guillermo Lasso, following earlier news that Economy Minister Simon Cueva would also leave the administration.
Business activity in the United Arab Emirates non-oil private sector retreated to its slowest pace in five months in June though growth remained positive for the 19th consecutive month, a survey showed on Tuesday.
Chinese authorities have blocked Canadian government representatives from attending the trial of Chinese-Canadian billionaire Xiao Jianhua, the Canadian embassy said on Tuesday.
What happened
Shares of PayPal Holdings (NASDAQ: PYPL) were down 8.5% last week, ending an incredibly terrible first half of 2022. In fact, it's officially the worst first half of a year since 1970. The S&P 500 and Nasdaq Composite indices are down a respective 20% and 29%. B
China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday.
Israeli Prime Minister Yair Lapid will press French President Emmanuel Macron on Tuesday for a tougher and time-limited tack on the Iranian nuclear negotiations, and warn that the Tehran-backed Hezbollah group is "playing with fire", an official said.
The EU's plan to label investments in gas and nuclear power plants as climate-friendly faces a final vote on Wednesday when European lawmakers decide whether to accept or reject proposals that have divided governments and investors.
Thailand's headline inflation outstripped forecasts to hit a near 14-year high in June, reinforcing expectations of a rate hike as early as next month, and with the commerce ministry warning price pressures will extend into the third quarter.
Warwickshire County Cricket Club said officials are investigating allegations of racist behaviour among members of the crowd at Edgbaston on the fourth day of the fifth test between England and India.
(RTTNews) - Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets overnight, as investors remained cautious amid persisting worries about inflation, slowing growth and rising interest rates by major central banks pushing towards a pot
Gold prices were largely unchanged on Tuesday as investors stayed away due to a softening inflation outlook and impending interest rate hikes from top central banks.
Asian shares inched up on Tuesday morning as positive economic data and hints of easing Sino-U.S. tensions offered some respite to the recent sell-offs, though persistent fears about a global recession and sky-high inflation kept most buyers at bay.
Russian forces set their sights on their next objectives in Ukraine's eastern Donetsk province, after President Vladimir Putin claimed victory in neighbouring Luhansk province as the the five-month long war entered a new phase.
Copper prices languished near 17-month lows on Tuesday on heightened worries that aggressive rate hikes by central banks to tackle soaring inflation would push economies into a recession and dent demand for metals.
HONG KONG (Reuters Breakingviews) - Turning to drink is never the solution — unless you are a banker in Singapore, where two boozy deals could help to end an activity drought. Tapping into rising domestic consumption has long been a favour
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