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24 May

KPMG fined 4.5 million pounds over Rolls-Royce audit

Britain's Financial Reporting Council (FRC) has fined KPMG 4.5 million pounds ($5.7 million) over its audit of aero engine maker Rolls-Royce more than a decade ago, the accounting watchdog said on Tuesday.

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24 May

Oil prices fall on concerns over recession, China COVID curbs

SINGAPORE (Reuters) -Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season.

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24 May

Oil prices inch lower on concerns over recession, China COVID curbs

Oil prices fell on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season.

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24 May

Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street's strong start to the week.

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24 May

Hyundai Motor Group to invest $50 billion in S.Korea through 2025

Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, including electrification, robotics and urban air mobility, as well as autonomous driving technology.

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24 May

Cargoes of Russia's flagship crude oil at sea climb to record high

Some 62 million barrels of Russia's flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude.

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24 May

Safe-haven dollar bounces, Aussie slides as Snapchat sours mood

The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street's strong start to the week.

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