The Canadian dollar will gain less ground than previously thought over the coming year as the growing risk of a global economic slowdown bolsters demand for safe-haven currencies such as the U.S.
The departure of cabinet big hitters Rishi Sunak as finance minister and Sajid Javid as health secretary weakened the under-pressure prime minister just as he needed allies the most.
Hundreds of SAS flights were cancelled on Thursday as the airline wrestled with a strike by pilots at its main SAS Scandinavia arm, overshadowing a traffic surge during June.
The U.S. Transportation Department on Thursday awarded $968.6 million to 85 airport projects to address the country's aging and often mocked aviation infrastructure.
A spike in listing applications from Chinese companies in June has nearly doubled China's IPO candidates to almost 1,000, the highest in at least three years, potentially making the country a bright spot for bankers as equity offerings slow in other markets.
Norway's Equinor said on Thursday its second-quarter results would be positively impacted by between $400 million and $550 million from trade in natural gas derivatives used to hedge its physical deliveries.
Taliban excavate ex-leader Mullah Omar's 'getaway car'
The Hungarian forint is expected to gradually recover and add more than 7% in the next year after plunging to fresh record lows this week, a Reuters poll of central European currencies showed on Thursday.
The pseudonymous lead developer acknowledged investors' concern about stablecoins following the catastrophic collapse of TerraUSD UST.
Shell said on Thursday it would reverse up to $4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia's invasion of Ukraine.
Shell said on Thursday said it would reverse up to $4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia's invasion of Ukraine.
EDF and the French government are seeking a new boss to overhaul the power utility and build more nuclear reactors, they said on Thursday, with billions in public money earmarked to help finance a full nationalisation of the debt-laden company.
Sri Lanka raised interest rates to the highest level in two decades on Thursday, saying it had to head off runaway inflation to avoid even deeper pain for an economy that is already in crisis and is shrinking.
Sri Lanka's central bank raised key interest rates to the highest in two decades on Thursday to bring down record inflation, despite the country wilting under a devastating economic crisis.
South Korean auteur behind 'Oldboy' returns with 'pure' love story
Telecom Italia (TIM) is ready to part ways with its fixed network assets under an overhaul plan that includes at least 9,000 jobs cuts by 2030 as part of efforts to reduce its hefty debt, the company said on Thursday.
A cocktail of global growth fears, Federal Reserve hawkishness and euro weakness has boosted the U.S.
Italy bridge trial starts four years after tragedy
Sri Lanka hikes interest rates, warns trouble ahead
Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar.
Asian stocks managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes, while the euro traded at a two-year low and oil began to claw back overnight losses.
The dollar traded little changed against the euro and other trading currencies on Thursday, though sterling held on to gains after Boris Johnson said he was quitting as British prime minister.
A pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.
The euro hovered near a two-decade low against the dollar on Thursday as Europe's energy woes cast a long shadow over the economic outlook.
The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of underlying demand, it said.
'Scary to be queer': Lebanon cracks down on LGBTQ rights
Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.
The US Treasury said Wednesday it was freezing the assets of members of an international network for violating oil sanctions on Tehran by selling millions of dollars' worth of Iranian petrochemical products to East Asia.
The Japanese yen will likely remain weaker than the key psychological level of 130 per dollar over the next six months as a gap between Japanese and U.S.
Samsung Electronics Co Ltd turned in its best April-June profit since 2018 with an 11% year-on-year rise, as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.
