By Pablo SinhaGold prices slipped more than 1% on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of U.S. interest rate hikes to tame elevated inflation.Spot gold TVC:GOLD was down 1% at $3,975.04 per ounce…
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By Blaine Julian RodriguesChinese carmakers remain largely shut out of the Indian auto market, but their electric-vehicle technology is gaining traction as local manufacturers increasingly turn to it to be competitive.Is this two-way traffic with both countries standing to benefit? And how many roa…
A look at the day ahead in European and global markets from Tom WestbrookThe session is the first buying day for the quarter ahead, given that trades settle the following day.In the quarter closing out, the biggest oil supply shock on record has hardly left a blemish on financial markets, as demand…
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By Clyde RussellAsia's seaborne imports of crude oil lifted slightly in June but stayed near their lowest in more than a decade as the impact of Iran conflict crimped shipments from the Middle East.The top importing region is forecast to receive 20.71 million barrels per day (bpd) in June, up fract…
Hong Kong-listed Metis TechBio said on Tuesday it has granted U.S.-based biotechnology firm Boulevard Bio exclusive global rights to develop, manufacture and commercialise its experimental biologic drug MTS-128 in a deal that could be worth up to $1.6 billion.
China's mainland shares rose on Tuesday, led by AI and semiconductor stocks, after stronger-than-expected factory activity pointed to resilient demand for high-tech exports, though Hong Kong stocks lagged.** China's blue-chip CSI300 Index SZSE:399300 climbed 1.1% by the lunch break, while the Shang…
Thailand's manufacturing production index (THMPI=ECI) dropped 0.8% in May from a year earlier, the industry ministry said on Tuesday, weaker than analyst forecasts.The May reading compared with a year-on-year decrease of 0.34% forecast in a Reuters poll, and followed a revised fall of 0.94% in the…
By Trixie Yap and Pranav MathurOil prices dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.Brent August crude futures ICEEUR:BRN1!, which expire on Tuesday, were down 0.9%, o…
A fire at India's Haldia Petrochemicals plant has injured several people, the company said in a statement on Tuesday.The company said operations are not affected so far by the fire, which happened at a place where naphtha - a volatile, highly flammable liquid hydrocarbon mixture produced during ref…
Innovent Biologics HKEX:1801 has entered into an agreement that grants it sole commercialization rights for Eli Lilly's NYSE:LLY breast cancer drug Verzenios in mainland China, the Chinese drugmaker said Tuesday.Lilly will continue manufacturing, supplying and developing the drug, it said in a stat…
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By Francesco Canepa and Balazs KoranyiThe unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank policymakers to lift interest rates next month but the case for a small hike later on remains firm, four sources told Reuters.The ECB lifted in…
By Toby Sterling and Philip BlenkinsopEuropean regulators are set to meet on Tuesday to discuss whether to roll out Tesla's supervised Full Self-Driving (FSD) system across the region. But the technology, already available in the United States and expected to boost the EV maker's sales in Europe, h…
By Wayne ColeThe Australian dollar hit a fresh three-month low on Tuesday as the greenback extended its recent climb, while mixed messaging on the outlook for rates from the country's central bank kept yield spreads compressed.The Aussie slipped 0.3% to $0.6867 FX:AUDUSD, and was getting dangerousl…
The U.S. Justice Department and a coalition of 17 states on Monday reached a settlement with three of the country's major egg producers, including Cal-Maine Foods NASDAQ:CALM, over an investigation into alleged manipulation of egg prices, the New York state attorney general's office said.Cal-Maine…
Thailand's manufacturing production index (THMPI=ECI) dropped 0.8% in May from a year earlier, the industry ministry said on Tuesday, weaker than analysts' forecasts.The May reading compared with a year-on-year decrease of 0.34% forecast in a Reuters poll, and followed a revised fall of 0.94% in th…
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