- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
- S.African woman turns 118, among the oldest in the world
- UK clears $4 bn AI partnership between Amazon, Anthropic
- Barca fans barred from Champions League away game over racist banner
- Chinese stocks extend surge, Europe higher on Beijing stimulus
- Pope says Church must 'seek forgiveness' for child sexual abuse
- China caps week of 'bazooka' stimulus for ailing economy with rate cut
- Cuts, cash, credit: China bids to jumpstart flagging economy
- France's debt weighs heavier ahead of budget debate
- Iran treads carefully, backing Hezbollah while avoiding war
- Return to sender: waste stranded at sea stirs toxic dispute
- 'Broken' news industry faces uncertain future
- On remote Greek island, migratory birds offer climate clues
- Taken from mother by nuns, victim seeks answers as pope visits Belgium
- China cuts amount banks hold in reserve to boost lending
- Hong Kong, Shanghai extend surge as China optimism boosts markets
- Vietnam president reiterates support for Cuba during official visit
- Drought reduces Amazon River in Colombia by as much as 90%: report
- Stay or go? Pacific Islanders face climate's grim choice
- Florida bracing for 'unsurvivable' Hurricane Helene
- Poverty rises to over 52 percent in Milei's Argentina
- Chloe's see-through look may not be for Kamala Harris
- Champagne houses abuzz over English sparkling wine
- Macron, Trudeau pledge to work for 'decarbonized' economies
- Hurricanes, storms, typhoons... Is September wetter than usual?
- China stimulus, tech optimism boost stock markets
- 'Unsurvivable' Hurricane Helene races towards Florida
- Macron meets Trudeau in Canada as both face political setbacks
- South Korea surges in UN innovation index
- Chloe's see-through look may not be for Kamala
- Floods threaten Niger's historic 'gateway to the desert'
- China economy hopes boost global equities
- Ubisoft shares sink after 'Assassin's Creed' delay
- German economy to shrink again in 2024: think tanks
Oil prices fall as tensions ease, stocks advance
Oil prices fell Tuesday on easing geopolitical concerns surrounding major crude producers Iran and Russia while stock markets mostly moved higher.
French President Emmanuel Macron said he had convinced Russia's Vladimir Putin not to escalate the crisis around Ukraine, ahead of talks in Kyiv aimed at defusing fears Moscow could invade.
At the same time, talks to revive a deal with Iran on its contested nuclear programme were set to resume Tuesday after Washington and Tehran signalled their willingness to clinch an agreement as soon as possible.
Edward Moya, analyst at trading group Oanda, said signs of progress in US-Iran nuclear talks -- which could see Tehran sell oil internationally again -- would likely not have much long-term impact on the crude price rally towards $100 per barrel.
"Energy traders locked in some profits over optimism that the US and Iran might be able to salvage a nuclear deal," he said.
"The oil market still remains heavily in deficit and whatever weakness happens to prices will likely be short-lived."
Surging oil prices -- Brent crude hit the highest level for more than seven years at $94 per barrel on Monday -- saw BP swing back into a big profit last year, the British energy giant announced.
The expected turnaround -- after huge losses in 2020 as the pandemic slammed oil prices -- saw BP's share price rise only modestly before turning lower.
The price of aluminium surged to the highest level in 14 years of $3,236 per tonne on stretched supplies after China placed the city of Baise -- a key producer of the base metal -- in Covid lockdown.
- Chips race -
In Asia, SoftBank announced that the $40-billion sale of chip powerhouse Arm to Nvidia had collapsed because of "significant regulatory challenges" over competition concerns.
The Japanese telecoms firm-turned-investment giant also reported net profit of $251 million in the third quarter.
In Europe, the EU unveiled a 43-billion-euro plan to quadruple the supply of semiconductors in the region by 2030, hoping to limit the bloc's dependence on Asia for a key component used in electric cars and smartphones.
Shares in leading European chipmaker STMicroelectronics rose, but those in Infineon fell.
On Wall Street, share prices were higher as investors await key US inflation data Thursday tipped to show more painful price rises in January after a four-decade high in December.
But sentiment was more muted in Europe, where stock markets in Frankfurt and Paris ended the day marginally higher, while London dipped.
Investors are bracing for central banks to raise interest rates to tame inflation, a move that could weigh down on the global economic recovery.
But Michael Hewson of CMC Markets said that "by and large markets and investors are getting used to the idea of higher rates from central banks."
- Key figures around 1630 GMT -
New York - Dow: UP 0.6 percent at 35,316.29 points
EURO STOXX 50: UP 0.2 percent at 4,127.09
London - FTSE 100: DOWN less than 0.1 percent at 7,567.07 (close)
Frankfurt - DAX: UP 0.2 percent at 15,241.61 (close)
Paris - CAC 40: UP 0.3 percent at 7,028.41 (close)
Tokyo - Nikkei 225: UP 0.1 percent at 27,284.52 (close)
Hong Kong - Hang Seng Index: DOWN 1.0 percent at 24,329.49 (close)
Shanghai - Composite: UP 0.7 percent at 3,452.63 (close)
Euro/dollar: DOWN at $1.1418 from $1.1440 late Monday
Pound/dollar: UP at $1.3553 from $1.3532
Euro/pound: DOWN at 84.26 pence from 84.51 pence
Dollar/yen: UP at 115.61 from 115.10 yen
Brent North Sea crude: DOWN 2.6 percent at $90.32 per barrel
West Texas Intermediate: DOWN 2.7 percent at $88.88 per barrel
burs-rl/spm
P.Gonzales--CPN