If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and full currency convertibility, the International Monetary Fund's No. 2 official said on Tuesday.

Global supplies of key crop staples will remain tight for at least two years after harvest shortfalls in some countries and shipping disruptions triggered by Russia's invasion of Ukraine, Archer-Daniels-Midland Co said on Tuesday.

(Reuters) -Lael Brainard, one of President Joe Biden's nominees to the Federal Reserve, was poised to become the U.S. central bank's next vice chair on Tuesday, but COVID-19 cases among Democrats in Congress muddled the prospects of a second Fed nominee without similar bipartisan support.

COLOMBO (Reuters) -The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.

Shareholder proposals asking banks to take stronger action on climate change by ending new fossil fuel financing activities failed to get much support at investor meetings on Tuesday.

BRUSSELS (Reuters) -The European Union's internal market chief said on Tuesday that Elon Musk could adapt Twitter as he wishes after he acquires the social media site but warned the billionaire that the bloc has strict rules for online platforms to tackle illegal content.