LOGITECH International reported a 20% drop in sales for its fourth quarter on Tuesday, as the computer mice, webcam and keyboard maker lapped high comparables from a year earlier. Read full story
SINGAPORE: Shares in HSBC Holdings edged up in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An , called for a break-up of the London-based bank. Read full story
MELBOURNE: Oil prices rose on Tuesday, extending gains from the previous session, as the European Union firmed up plans to tighten sanctions on Russia this week, with Germany saying it was prepared to back an immediate embargo on Russian oil. Read full story
LONDON: BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia. Read full story
SYDNEY: Australia’s central bank on Tuesday raised its main cash rate by a surprisingly large 25 basis points to 0.35%, its first hike in more than a decade, and flagged more to come as it runs down the curtain on pandemic stimulus. Read full story
HONG KONG: China’s offshore yuan dropped to its weakest in 17 months on Tuesday, and neared the symbolic level of 6.7 to the dollar, as foreign investors remained bearish towards Beijing with COVID-19 lockdowns weighing on the outlook for economic growth. Read full story
All eyes on tightening plans to counter inflation Read full story
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SEOUL: South Korea’s exports to China dropped in April, highlighting the impact that Covid-19 related lockdowns in Chinese cities are having on supply chains around the region. Read full story
Investors use asset class as shield against inflation Read full story
NAPERVILLE, Ill.,: Spculators eased their record bullish bets in Chicago grains and oilseeds last week, though corn and soybean oil futures went on to new highs in the following days and other contracts maintained their sharp yearly gains Read full story
World could face recession in next two years Read full story