HONG KONG (Reuters) - Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.
Investing.com - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
FRANKFURT�Deutsche Lufthansa AG LHA 0.55 % has signaled that the crash six weeks ago of a Germanwings jetliner and strikes by pilots could check its operational turnaround despite swinging back to profit in the first quarter.
Greek bonds are being sold off again, as investors take fright at a warning from the International Monetary Fund that Athens is at risk of losing vital financial support.
European equities were mixed in morning trade on Tuesday as investors kept an eye on the ongoing Greece bailout drama and earnings from banking giants HSBC and UBS.