By Yuka Obayashi
TOKYO (Reuters) - Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand.
Brent crude futures declined 12 cents, or 0.1%, to $83.34 a barrel by 0041 GMT. U.S. West Texas Intermediate crude (WTI) eased 8 cents, or 0.1%, to $79.72 a barrel.
Both benchmarks fell less than 1% on Monday as U.S.... (continue reading...)
(Reuters) - U.S. President Joe Biden's re-election campaign said on Monday it raised over $51 million in April, down from an over $90 million haul in March, and less than the sum brought in by rival Donald Trump's campaign.
The campaign for Republican former President Trump, who will face Democrat Biden in what looks set to be a closely fought and bitter November election, previously said it raised more than $76 million in April.
The... (continue reading...)
By Rae Wee
SINGAPORE (Reuters) - The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly rangebound as investors generally stuck to their views of the expected timing and extent of Federal Reserve rate cuts this year.
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities... (continue reading...)
TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about the negative aspects of the current weakness in the yen and its impact on incentives to increase wages.
"One of our major goals is to achieve wage increases that exceed the rise in prices," Suzuki said. "On the other hand, if prices continue to remain high, it will be difficult to reach this target even if wages rise."
By Kirsty Needham and Lucy Craymer
SYDNEY/WELLINGTON (Reuters) - Australia and New Zealand said they will send government planes to New Caledonia on Tuesday to evacuate nationals from the French territory which has experienced a week of deadly riots, sparked by electoral changes by the French government in Paris.
France's High Commission in New Caledonia said on Tuesday the airport remains closed for commercial flights, and it will deploy... (continue reading...)
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