Sri Lanka’s central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices.
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Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent U.S.-Iran peace deal was tempered by new U.S. strikes in the Middle East.
A look at the day ahead in European and global markets from Rae Wee
Catholic popes have been urging global leaders to address social justice issues for 135 years.
Indian officials investigating last year’s deadly Air India crash are preparing an interim report rather than a final one ahead of the anniversary of the Boeing 787 accident that killed 260 people, said a person with direct knowledge of the matter.
At the beginning of the Quad meeting on Tuesday, Indian Foreign Minister S Jaishankar said Australia, India, Japan and the U.S. need to address “connectivity choke points” and resource concentration.
In India’s western state of Maharashtra, mango farmer Komal Walke is scrambling to meet orders from India’s online grocers after her family’s three acres of orchards produced almost no Alphonso mangoes this year.
Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping markets on edge as a deal to end the war eludes both sides.
U.S. Secretary of State Marco Rubio said on Tuesday negotiating a deal with Iran could “take a few days,” quashing hopes for an imminent end to the conflict a day after U.S. forces conducted what Washington called defensive strikes in southern Iran.
Firefighters contending with a dangerously overheating industrial tank of a hazardous chemical in Southern California have eliminated the possibility of the tank exploding after a crack relieved some of the mounting pressure, they said on Monday.