Sri Lanka's economy is set to perform better than expected but still see a significant contraction in 2023 before growing next year, World Bank projections for the crisis-hit nation showed on Tuesday.
The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months from the previous 12 months, a report on Tuesday showed.
Copper prices in London fell to their lowest in more than four months on Tuesday as a firm dollar made metals priced in the greenback more expensive to holders of other currencies.
(RTTNews) - The strength of the US dollar against major currencies in the region and a surge in treasury yields to its highest level in almost sixteen years has caused Asian stock markets to trade sharply lower, following the mixed cues from Wall Street overnight. Traders also aw
Gold continued to sell off on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood of interest rates staying high, with U.S. job openings data due later in the day.
Hong Kong shares fell sharply on Tuesday, the first trading day of October, giving back all their gains from the previous session, as U.S. Treasury yields hit a 16-year high.
Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need for better heritage protection laws and a greater say for Indigenous groups promised in this month's Voice referendum, advocates say.
Top oil exporter Saudi Arabia may raise the price for its flagship Arab Light crude to Asia for a fifth straight month in November, underpinned by its prolonged voluntary output cut and resilient oil demand in the region.
(RTTNews) - Takeda (TAK) said that, following discussions with the U.S. Food and Drug Administration, it will voluntarily withdraw its lung cancer drug Exkivity (mobocertinib) from the U.S. The company plans to similarly initiate voluntary withdrawal globally where the drug is ap
Note: Tapestry’s FY’23 ended on July 1, 2023.After a 26% fall year-to-date (YTD), at the current price of around $29 per share, we believe Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories could see long-term growth. TPR stock has decli
Given its better prospects, we believe Western Digital stock (NYSE: WDC) is a better pick than Expedia stock (NASDAQ: EXPE). Although these companies are from different sectors, we compare them because they have a similar market capitalization of around $15 billion and a simila
ResMed stock (NYSE: RMD), a respiratory care devices company, currently trades at $150 per share, 23% below the level seen in March 2021, and it has room for growth, in our view. RMD stock was trading at around $210 in early June 2022, just before the Fed started increasing rates
Snap’s stock (NYSE: SNAP) has lost roughly 4% YTD as compared to the 12% rise in the S&P500 index over the same period. That said, at its current price of just below $9, it is trading 8% above its fair value of slightly above $9 – Trefis’ estimate for&n
Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals.
Asian currencies should remain under selling pressure into end-2023 as the USD reigns supreme, with resilient U.S. data and the Federal Reserve's "higher-for-longer" narrative in the driving seat.
Asian shares fell on Tuesday after Federal Reserve officials cemented the view that U.S. interest rates are likely to remain elevated for some time, while the yen slid to near a one-year low, putting traders on watch for intervention from Japanese authorities.
Australian shares slumped to a more than six-month low on Tuesday as all major sectors dragged, while cautious investors awaited the central bank's interest rate decision.