Asian stocks tumbled on Tuesday as worries persisted about the fallout from the Silicon Valley Bank (SVB) collapse and investors awaited key U.S. inflation data later in the day for clues on the path forward for U.S. monetary tightening.The dollar index edged up slightly in Asian trade and gold traded flat around $1,900 per ounce, while oil extended recent declines as recession fears mounted.Chine...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.