Argentina's benchmark interest rate is likely to be hiked another 200 basis points next week, analysts polled by Reuters estimated, as the central bank seeks to counter soaring and painful inflation that could top 70% this year.
The Spanish government will firmly defend its national interests in the wake of Algeria's decision to suspend a 20-year-old treaty of friendship and cooperation and ban all non-gas trade with Spain, a move that also alarmed Brussels.
Shares of Australia's "Big Four" banks fell further on Thursday to hit multi-month lows, as the central bank's largest interest rate hike in 22 years earlier this week sparked fears of a sell-off in the housing market.
Asian stocks fell, U.S. bond yields edged up and a surging dollar pushed to a two-decade high against the yen on Thursday as investors worried about the impact of rate rises ahead of a European Central Bank meeting later in the day.
U.S. and European shares slid and euro zone borrowing costs hit an eight-year high on Thursday after the European Central Bank signaled it will hike interest rates next month for the first time since 2011, a move some said was too slow.
The yen's recent "significant" depreciation reflects fundamentals, such as market expectations of differing monetary policy paths between Japan and the United States, a senior International Monetary Fund (IMF) official said on Thursday.
The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, leaving markets only to guess the size and speed of policy tightening.
The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, leaving markets only to guess the size and speed of policy tightening.
The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails to improve.
The European Central Bank ended a long-running stimulus scheme on Thursday and signalled it will deliver its first interest rate hike since 2011 next month followed by a potentially larger move in September if inflation does not cool down.
The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, followed by a potentially larger move in September.
Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world's largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday.
U.S. inflation could remain above the Federal Reserve's targets for a long time based on current projections, and there is a risk of inflation expectations "de-anchoring," International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday.
EU industry chief Thierry Breton on Wednesday told Hungary to suspend discriminatory fuel pricing against vehicles with foreign licence plates or risk being taken to court, according to a European Commission letter seen by Reuters.
Canada on Wednesday launched a credit system for greenhouse gas reductions, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects can generate tradeable credits by capturing gas from landfills.
Canada on Wednesday launched a credit system for greenhouse gas offsets, a major part of its plan to cut carbon emissions, starting with a set of rules stipulating how projects can generate tradeable credits by capturing gas from landfills.
Euro zone interest rates rising to at least 0% by September seems like a done deal as inflation soars, but how high rates should go thereafter is dividing policymakers and economists in a bloc of 19 vastly different economies.
The Dow and the S&P 500 index slipped in choppy trading on Wednesday, pulled lower by shares of Intel after a bearish brokerage report, while the Nasdaq was propped up by gains in Tesla and Apple.
U.S. stock indexes fell on Wednesday as Amazon.com declined and chipmakers came under pressure after a bearish brokerage report on Intel, while higher oil prices deepened worries about global inflation.
U.S. stocks fell on Wednesday as Treasury yields rose above the psychologically important 3% level and oil prices jumped, fanning worries about inflation and the outlook for interest rates.
U.S. stocks ended lower on Wednesday as Treasury yields rose above the psychologically important level of 3% and oil prices jumped, fanning worries about inflation and the outlook for interest rates.
The European Parliament votes on Wednesday on eight climate change policies, with the outcome uncertain as concerns about soaring energy costs and inflation collide with Europe's commitments to fight global warming.
The European Parliament on Wednesday rejected a proposal to reform the European Union's carbon market and will send it back to a parliamentary committee to be redrafted, in a rare move that exposed divisions on the bloc's biggest climate change policy and could delay the measure.
The European Parliament on Wednesday rejected a proposal to upgrade the European Union's carbon market, an unexpected move that exposed divisions over the bloc's core climate policy and could delay negotiations to finish the measure.
The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout of 1970s-style stagflation, the OECD said on Wednesday, slashing its growth forecasts and jacking up its inflation estimates.
Sales of green sovereign bonds are gathering momentum after being disrupted by the Ukraine war, with 12 billion euros ($12.8 billion) worth of debt raised in just the past two weeks and more deals lined up for the coming months.
Construction of new homes in Britain almost ground to a halt last month as builders feared the cost-of-living squeeze and rising interest rates would constrain demand, a closely watched survey showed on Wednesday.
Money markets ramped up their bets on European Central Bank (ECB) interest rate rises on Wednesday to price in more than 75 basis points (bps) of hikes by September.
European shares fell on Wednesday as a 6% slide in Credit Suisse following a profit warning dragged on lenders, while investors braced for the European Central Bank's meeting on Thursday and the U.S.
An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of the World Trade Organization said on Wednesday.
