Calling stable prices the "bedrock" of the economy, Federal Reserve Chair Jerome Powell said on Thursday that the U.S.
A Venezuela-owned tanker in March sailed to a remote spot in the Indian Ocean and met an Iran-flagged vessel, took on a cargo of Iranian condensate and sailed home, according to monitoring services and shipping documents.
As supply chain disruptions caused by the COVID-19 pandemic, war in Ukraine and lockdowns in China hit Western European markets, Balkan companies are hoping to benefit from their close proximity and low labour costs.
The European Union's plan for countries to buy gas jointly could maximise supplies and ensure better contract terms in the coming years, but is unlikely to help in the event of a sudden supply cut off, analysts and EU officials said.
U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve.
Wall Street's main indexes fell on Thursday, with growth stocks leading declines for a second straight session as investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.
Swati Dhingra, an associate professor at the London School of Economics, will join the Bank of England's Monetary Policy Committee in August after the term of Michael Saunders ends, Britain's finance ministry said on Thursday.
A six-day slide in Turkey's lira has left traders predicting that authorities are now targeting a new level, as weak as 15.5 to the dollar, in a months-long effort to stabilise the exchange rate using its depleted reserves together with other measures.
Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route.
German energy companies hit by Kremlin-imposed sanctions have been able to find alternatives to Russian gas, Economy Minister Robert Habeck said on Thursday, adding that the network regulator would provide details on the matter.
European stocks slumped on Thursday, with most cyclical parts of the market coming back down, a day after U.S.
Britain's economy unexpectedly shrank in March, marking a weak end to the first quarter of a year when the risk of recession is looming and increasing pressure on the government to offer more support to inflation-hit households.
Asian stocks fell to an almost two-year low and the dollar rose to multi-year highs on Thursday as data showed U.S.
Global shares sank to their lowest point in 18-months on Thursday while the dollar hit a 20-year-high, as investors feared that inflation pushing up interest rates will bring the global economy to a standstill.
World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy.
Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears grew that fast-rising inflation will drive a sharp rise in interest rates that brings the global economy to a standstill.
Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill.
Newly-elected Philippine President Ferdinand Marcos Jr.
Japan's current account surplus widened in March, finance ministry data showed on Thursday, easing some concerns about the country's balance of payments as hefty gains in investment incomes more than offset surging fuel costs.
Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Oil prices eased in early Asian trade on Thursday, taking a pause after rising more than 5% in the previous session following new Russian sanctions on some European gas companies.
Oil prices settled mixed on Thursday as supply concerns and geopolitical tension in Europe got the upper hand over the economic fears dogging financial markets as inflation soars.
The U.S. government posted a $308 billion surplus in April -- a record for any month -- as receipts nearly doubled from a year earlier amid a strong economic recovery from the COVID-19 pandemic, the Treasury Department said on Wednesday.
The Bank of England will probably need to raise interest rates much more sharply than financial markets expect to get soaring inflation under control, former policymakers said on Wednesday.
Global commodities trader Louis Dreyfus projected on Wednesday that Brazilian mills will divert a larger-than-expected amount of sugarcane to ethanol production due to high energy prices, causing a reduction in global sugar supplies.
Barrick Gold Corp has nearly doubled its inventory of some key supplies at mines to weather the disruptions caused by Russia's invasion of Ukraine, Chief Executive Mark Bristow told Reuters on Wednesday.
Rio Tinto Ltd, Freeport-McMoRan Inc and other global miners, spurred by rising prices and demand, are deploying a raft of new leaching technologies that can extract low concentrations of copper from waste rock and help avoid lengthy mine permitting delays.
Ghana's consumer price inflation accelerated to 23.6% year-on-year in April from 19.4% in March, the statistics service said on Wednesday, a recent record one economist said was "shocking".
India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source aware of the development said on Wednesday.
