ECONOMY & MARKETS

European shares fell on Thursday and the safe-haven dollar rose after the latest red-hot U.S.

European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S.

Asian shares struggled on Thursday and the safe haven dollar was strong as white hot U.S.

South Korean President Yoon Suk-yeol pledged on Thursday to help ease the debt-service burden on low-income earners as a surge in interest rates and living costs put more pressure on heavily indebted households.

Australia's unemployment rate dived to a 48-year low in June as hiring outstripped all expectations, while record vacancies suggested the labour market was set to tighten yet further and perhaps justify even larger increases in interest rates.

Oil gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected, and as investors question whether OPEC has the room to significantly ramp up crude production.

Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S.

Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S.

Oil prices fell on Thursday as investors focused on the prospect of a large U.S. rate hike that could stem inflation but at the same time hit oil demand.

Oil prices moved lower on Thursday, paring some losses after falling more than $4 as investors focused on the prospect of a large U.S.

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large U.S.

Oil prices ticked down on Thursday as investors doubled down on the possibility of a rate hike by the U.S. Federal Reserve that would stem inflation and curb oil demand.

Singapore's central bank tightened its monetary policy on Thursday, in an off-cycle move, saying the action would slow inflation as the city-state joins other economies scrambling to fight mounting price pressures.

The International Monetary Fund (IMF) on Thursday said it had reached a staff-level agreement with Pakistan that would pave the way for disbursement of $1.17 billion, if approved by the IMF board, and was considering topping up the programme.

British house prices rose at their slowest pace in more than a year last month as buyer demand softened slightly although the overall breadth of price increases remained well above pre-pandemic levels, a survey showed on Thursday.

Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise from the previous survey six months ago as surging input prices and a weak yen drive up import costs.

Pakistan's talks with the International Monetary Fund have been completed and an announcement on staff level agreement by the fund is expected soon, the country's finance minister said on Wednesday.

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday, as the central bank's newly-aggressive actions to curb inflation running at a more than 40-year-high continued to have an impact.

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday as the central bank struggles to curb inflation running at more than a 40-year high.

The U.S. government posted an $89 billion budget deficit during June, roughly half the gap in the same month last year, as pandemic-related outlays fell and revenues edged higher, the Treasury Department said on Wednesday.

U.S. companies plan to invest $40 billion in Mexico between now and 2024, Mexican President Andres Manuel Lopez Obrador told a meeting of U.S.

A surprisingly hot inflation report for June is complicating the outlook for markets, as investors brace for more hawkishness from the Federal Reserve and continued volatility in stocks and bonds.

The euro's tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price shock triggered by the Ukraine conflict tips the bloc into a prolonged economic crisis.

The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after a grim inflation report showed price pressures accelerating.

Investors were betting on Wednesday the U.S. Federal Reserve will deliver a super-sized 100 basis point rate hike this month after a mostly grim inflation report showed price pressures, already running at a 40-year high, accelerating further.

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed in the wrong direction.

Vanguard Group, the world's second-biggest asset manager, said on Wednesday the U.S.

Michael Barr, a former top official at the U.S. Treasury, won Senate confirmation Wednesday to the Federal Reserve Board as its newest member, and he is expected to also be confirmed later in the day as the central bank's top Wall Street regulator.

The euro's tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices.