ECONOMY & MARKETS

The Federal Reserve needs to raise interest rates "in a timely fashion" this year and in 2023 to curb high inflation before it is embedded in U.S.

EU lawmakers on Thursday backed lower price caps on wholesale roaming fees paid by telecoms operators to peers in another EU country, extending for a decade a policy that benefits consumers.

Wall Street's main indexes rose on Thursday, as investors bought beaten-down chipmakers and megacap technology shares while grappling with the fallout of Ukraine war as the United States and Britain further tightened sanctions on Russia.

Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said he has penciled in seven quarter-point interest rate hikes this year to help rein in high inflation, but warned against going too far.

The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week, while unemployment rolls continued to shrink, pointing to rapidly diminishing labor market slack that will keep boosting wage inflation.

The Bank of England said on Thursday that it might not go ahead with plans announced in December to raise banks' capital requirements in the coming quarter, given Russia's invasion of Ukraine.

The Bank of England on Thursday began sketching out Britain's first regulatory framework for cryptoassets, saying that although the sector remained small, its rapid growth could pose risks to financial stability in future if left unregulated.

New York has extended its lead among the world's top financial centres, with runner up London losing ground to increasingly competitive rivals in the United States and Asia, the Global Financial Centres Index (GFCI) showed on Thursday.

The Swiss National Bank will take "all necessary measures" to tackle higher prices in Switzerland, SNB Chairman Thomas Jordan said on Thursday, indicating a shift in tone at the central bank that for years has battled to tame the strong Swiss franc.

The Swiss National Bank has doubled its inflation forecast for this year, citing tensions including the Ukrainian war, but held fast to its expansive monetary policy on Thursday with the world's lowest interest rates.

European shares gave up early gains to trade flat on Thursday, as the war in Ukraine marked a month and Western nations planned more sanctions on Russia.

European shares fell on Thursday, as the war in Ukraine entered its second month and Western countries bolstered Ukraine aid and expanded sanctions on Russia at a special NATO summit.

Gold prices rose to a more than one-week high on Thursday as its safe-haven appeal was lifted by concerns over soaring inflation and uncertainty surrounding the war in Ukraine.

Gold rose to a more than one-week high on Thursday as concerns over soaring prices and uncertainty surrounding the war in Ukraine lifted bullion's appeal as a safe-haven and an inflation hedge.

Gold rose on Thursday as safe-haven support from the Russian invasion of Ukraine was countered by signs that U.S.

Gold prices were in a range-bound trade on Thursday, as markets exercised caution over the Russia-Ukraine conflict and ahead of U.S.

Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said.

Japan may see consumer inflation creep up and stay near the central bank's 2% target for a prolonged period if the war in Ukraine continues to drive commodity prices higher, Bank of Japan policymaker Goushi Kataoka said on Thursday.

A sharp sell-off in U.S. Treasuries has increased concerns about low levels of liquidity in the $23.5 trillion market, potentially amplifying losses for investors which already had a dire start to the year.

U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched Western leaders present a unified front against Russia's invasion of Ukraine.

World share markets were choppy on Thursday as the Russia-Ukraine war kept oil above $120 a barrel, while worries about "stagflation" rose on renewed talk of aggressive U.S.

Asian shares fell on Thursday, while the sell-off in U.S.

U.S. stocks rose following choppy trading abroad on Thursday as the Russia-Ukraine war kept oil above $110 a barrel and investors watched a meeting of NATO leaders on Russia's invasion of Ukraine.

U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched a meeting of Western leaders on Russia's invasion of Ukraine.

Asian shares were volatile on Thursday and oil prices turned lower as the latest developments in the Ukraine war and more hawkish comments from U.S.

By Mohi NarayanNEW DELHI - Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal.

By Rowena EdwardsLONDON -Oil prices were steady on Thursday as the U.S.

By Rowena EdwardsLONDON -Crude prices fell on Thursday as the United States and its allies discussed a possible further coordinated release of oil from storage to help calm energy markets in the wake of Russia's invasion of Ukraine.

St. Louis Federal Reserve Bank President James Bullard on Wednesday said U.S.