ECONOMY & MARKETS

Southern Copper Corp said on Wednesday that its Peruvian mine remains closed after six weeks of a standoff with protesters, accusing Peru's government of failing to intervene to guarantee security for its 1,300 workers and their families.

More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.

The European Central Bank stuck to plans on Thursday to finally end its stimulus programme in the third quarter but gave no further clues on its schedule, stressing uncertainties linked to the war in Ukraine.

The European Central Bank kept its policy stance broadly unchanged on Thursday, sticking to plans to slowly unwind extraordinary stimulus as worries over record-high inflation trump concerns about a war-related recession.

The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.

The euro's share of world currency reserves has been depressed for years as negative euro zone interest rates and bond yields have spurred huge bond outflows.

The euro's share of world currency reserves has been depressed for years as negative euro zone interest rates and bond yields have spurred huge bond outflows.

U.S. crude stocks surged by more than 9 million barrels, in part due to releases from the nation's strategic reserves, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.

U.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand for goods and services, the latest sign of persistently high inflation that could compel the Federal Reserve to aggressively tighten monetary policy.

Jos? Luis Rodr?guez, a bricklayer in Argentina, cannot get by on his paycheck anymore with inflation set to have climbed more than 6% in March alone, the highest level in years, as spiraling food and fuel prices dent the value of salaries and savings.

U.S. shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit.

Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.

The S&P 500 and the Dow were set for a subdued open on Wednesday as JPMorgan shares dropped after reporting a slump in quarterly profit, while fresh data highlighted growing inflationary pressures.

U.S. shares rose on Wednesday as a rebound in growth stocks on falling yields and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in first-quarter profit in a mixed start to the earnings season.

The Bank of Canada on Wednesday raised interest rates by half a percentage point - its biggest single move in more than two decades - and promised more hikes to fight soaring inflation that is being driven in part by the war in Ukraine.

The Bank of Canada on Wednesday is expected to announce its first half-point interest-rate increase in over 20 years, as the central bank accelerates its tightening timeline to tackle an overheating economy, analysts said.

Countries that are seeking advantage by failing to condemn Russia's "heinous war" against Ukraine are being short-sighted and will face consequences if they undermine Western sanctions, U.S.

The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows.

The International Monetary Fund's executive board on Wednesday approved creation of a new facility to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics.

Bank of Japan Governor Haruhiko Kuroda on Wednesday warned the recent rise in inflation driven by higher import costs could hurt the economy, stressing the central bank's resolve to keep monetary policy ultra-loose.

Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer U.S.

Global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment.

Asian shares and U.S. futures rose on Wednesday as U.S. inflation figures were not as high as markets had feared, causing U.S. yields to pause their march higher.

Global shares were little changed on Wednesday, pausing after a six-day slump amid a mixed inflation picture, while supply concerns after Russia's ongoing invasion of Ukraine helped push oil prices higher.

Global shares traded up on Wednesday after a six-day slump amid investor optimism despite blurry inflation forecasts, while supply concerns following Russia's invasion of Ukraine helped push oil prices higher.

Taiwan central bank governor Yang Chin-long said on Wednesday inflation would slow by the third quarter and any rate rise decisions would depend on consumer price data, but the bank would be very cautious on the pace of tightening.

The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S.

The U.S. dollar soared to a nearly 20-year high against a sluggish yen on Wednesday, as aggressive tightening from the Federal Reserve contrasted sharply with the Bank of Japan's ultra-loose monetary policy.

The U.S. dollar eased back from a nearly two-year high on Wednesday as the euro reversed course and turned positive ahead of a policy-setting meeting at the European Central Bank on Thursday.