New Zealand's central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation and signaled the cash rate would peak at a higher level than previously forecast.
Stock markets stalled and the dollar moved off a 1-month low on Wednesday as traders waited for news on just how aggressively the U.S.
Stock markets and the dollar moved cautiously higher on Wednesday before the latest Federal Reserve meeting minutes, while New Zealand's dollar soared as its central bank joined those now aggressively jacking up interest rates.
Stock markets rose and benchmark U.S. treasury yields fell on Wednesday as traders waited for news from the U.S.
Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth.
Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.
Gold prices fell on Wednesday as the dollar firmed in the run-up to minutes from the U.S.
Gold prices dropped 1% on Wednesday and were on track to snap a five-session winning streak, weighed down by a rebound in dollar ahead of the U.S.
Gold pared some losses on Wednesday after minutes from a Federal Reserve meeting suggested the central bank would stick to raising interest rates by half a percentage point in the June and July meetings.
Gold prices dipped slightly on Wednesday, receding from a two-week high hit in the previous session, as the dollar reclaimed some ground but uncertainty over the trajectory of inflation supported safe-haven bullion's outlook.
Gold prices edged lower on Wednesday, slipping from a two-week high hit in the previous session, as the dollar reclaimed some ground, but uncertainty over the trajectory of inflation supported safe-haven bullion's outlook.
Gold prices dropped more than 1% on Wednesday and were on track to snap a five-session winning streak, weighed by a rebound in the dollar ahead of the release of the U.S.
Gold prices dropped on Wednesday as the dollar firmed, while investors awaited minutes from the U.S.
Gold prices slipped on Wednesday, pressured by a firmer dollar as investors look to minutes from the U.S.
T.L. Wali, a 66-year-old lawyer in Delhi's high court, had been looking forward to retirement.
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.
When its employees started leaving in droves for better-paying jobs across the border in Switzerland, family-run French window maker Fligitter knew it needed to do something to retain staff.
The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S.
Wall Street's main indexes plunged on Tuesday, with the tech-heavy Nasdaq leading the slump, as economic data and bleak company forecasts added to nerves about slowing growth amid decades-high inflation.
Wall Street veered lower on Tuesday as fears over whether attempts to curb decades-high inflation growth could tip the U.S. economy into recession dampened investor risk appetite.
Canada's top six banks are expected to post an average 12% drop in second-quarter earnings from the previous three months as increased expenses and loan-loss reserves and lower investment banking revenues outweigh strong loan growth and margin expansion from rising interest rates.
Momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business survey on Tuesday that showed rising pessimism.
Indonesia's central bank announced on Tuesday more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its target band this year, but kept interest rates unchanged at a record low.
The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President Christine Lagarde said eurozone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.
The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S.
The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.
U.S. central bankers broadly back two more big interest rate hikes in June and July, but what happens after is a matter of intense internal debate that turns in large part on differing views of how price pressures will play out in months ahead.
South Korea's central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than double its target, taking rates higher by year end than previously thought, a Reuters poll showed.
Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to a closely-watched global report, though it warned companies face a growing number of challenges in the months ahead.
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.
