The European Commission proposed on Friday imposing tariffs on imports of grain from Russia and Belarus in an attempt to curb the income of Moscow and its ally and placate farmers who have protested for months over cheap imports.
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Chinese stocks slumped on Friday and the yuan fell, dragging down markets broadly in Asia and rupturing an equity market rally spurred by a surprise rate cut in Switzerland that had investors wagering on who will ease policy next.
Indian shares were flat on Friday as a 3% tumble in IT stocks due to sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts.
India has rejected a proposal by miner Hindustan Zinc to split the company into different units, a government source aware of the matter said on Friday.
Asian equities and currencies slipped on Friday, with the Philippine peso heading for its worst weekly performance in seven months, after expectations of a gradual easing of interest rates put a dent in Thursday's rate cut rally.
Southeast Asian online lending platform Akulaku, which is backed by China's Alibaba, has recently secured $100 million of debt financing from London-based HSBC, Akulaku's CEO said on Friday.
European Union leaders will back on Friday a slightly tighter fiscal policy for the euro zone next year, to help bring down inflation and make public finance more stable after the excess spending of the COVID pandemic and the energy price crisis.
More than a half of economists expect the Bank of Japan will raise interest rates further this year, a Reuters poll showed on Friday, possibly taking them to as high as 0.25%.
Crude oil physical markets in Europe and Africa have weakened in response to peak refinery maintenance and extra supply from the United States and Saudi Arabia, dampening the impact of Red Sea shipping delays, according to traders, flows data and analysts.
Argentina's dollar-denominated international bonds continued to rally, with the 2030 paper posting its highest-ever closing price on Thursday at slightly above 51 cents on the dollar.
(RTTNews) - Nestle USA Inc., affiliated to Swiss food and beverage giant Nestle SA, is recalling about 440,500 units of metallic mugs included in 2023 Holiday Starbucks-branded Gift Sets, according to the U.S. Consumer Product Safety Commission.
Malaysian palm oil futures dipped slightly on Friday with the market set for its first weekly loss in five as it consolidated after a recent bullish episode, while lower edible and crude oil prices also added to the decline.
(RTTNews) - Indian stocks off to a weak start Friday morning as technology stocks tumbled after Accenture lowered its full-year revenue guidance. However, the market has staged a recovery thanks to stocks from other sectors finding good support.
The Indian rupee dropped to its lowest level in more than three months on Friday, tracking the weakness in its Asian peers and pressured by sustained dollar demand from local importers.
Iron ore futures were mixed on Friday, but set for a weekly gain, aided by mounting anticipation of a pick-up in demand in top consumer China amid signs of improving steel consumption.
(RTTNews) - The Singapore stock market has moved higher in three straight sessions, gathering almost 50 points or 1.6 percent along the way. The Straits Times Index now sits just above the 3,220-point plateau and it's expected to see additional support on Friday.
Japan's core inflation accelerated in February as the effect of government fuel subsidies faded, data showed on Friday, a sign the economy is keeping price growth sustainably around the central bank's 2% target.
Front month corn futures were off their highs for the Thursday close, but were still up 1 ½ to 2 cents across the front months. May printed an 8 ¼ cent range for the day from-1 ½ to +4 ¾ cents. USDA’s weekly Export Sales report had 1.19 MMT of...