HOUSTON (Reuters) -Oil prices were down nearly 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.

MILAN (Reuters) -The Benetton family is open to a potential deal to expand Autogrill and may reduce its majority stake in the group, a source familiar with the matter said on Tuesday, adding that the family wants to remain a key investor.

Johnson & Johnson on Tuesday rescinded its forecast for sales of its COVID-19 vaccine, as hesitancy in low income countries has led to a glut of supply of a shot once hoped to be the inoculation of choice for the developing world.

(Reuters) -Chicago Federal Reserve Bank President Charles Evans on Tuesday said the Fed could raise its policy target range to 2.25%-2.5% by year end and then take stock of the state of the economy, but if inflation remains high will likely need to hike rates further.

Elon Musk's recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by some that the billionaire entrepreneur will instead opt for a buyout of an established mining company.

HOUSTON (Reuters) -Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation.