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There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant.

China's yuan closed the domestic trading session at a six-month high on Tuesday and were set to notch a fourth straight monthly gain, underpinned by persistent corporate demand and signs of liquidity tightness in the money markets.

Most emerging market currencies dipped on Tuesday on doubts over how effective COVID-19 vaccines are against the Omicron variant, while a gauge for stocks in the developing world was set for its biggest monthly decline in two months.

The discovery of the new Omicron coronavirus variant towards the end of November has sent markets tumbling - the culmination of a volatile month for almost every asset class globally.

Some people thrive on defaults and restructurings, but they’re rarely company bosses. Kaisa founder and chairman Kwok Ying-shing may be an exception. The Chinese developer, which put its creditors through the wringer six years ago, is asking holders of $400 million in bonds due to be repaid next month to effectively wait another 18 months to help it avoid another restructuring. But they are being offered little reward and will take added risk. It’s hard to see how this deal will avoid the ro...

The Hungarian forint firmed on Tuesday, outperforming its peers as expectations of further rate hikes from the central bank overshadowed global market worries over the Omicron variant of the coronavirus.

Wall Street's main indexes were set to fall sharply on Tuesday after a warning from vaccine maker Moderna's chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

No. 8 Greenwich (7-3) will play No. 1 seed Fairfield Prep in the Class LL quarterfinals;...

Gold prices eased on Monday, resuming a broad decline from the previous week, as the dollar firmed and risk sentiment recovered with markets weighing how severe the economic impact would be from the Omicron coronavirus variant.