ECONOMY & MARKETS

The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter of a percentage point to 1%.

The Federal Reserve on Wednesday said it will start culling assets from its $9 trillion balance sheet in June and will do so at nearly twice the pace it did in its previous "quantitative tightening" exercise as it confronts inflation running at a four-decade high.

Nigeria expects to become an African hub for transshipment with a new deep seaport set to open in the commercial capital of Lagos before the end of this year, its managing director said on Wednesday.

EU countries and lawmakers will on Thursday kick off discussions on a European Commission plan targeting foreign state-backed buyers of European companies amid fears of a Chinese buying spree.

War may be raging on their doorstep but Central Europe's economies are outpacing their euro zone peers as consumer spending booms.

Canada's trade surplus with the world narrowed to C$2.49 billion in March from February, missing analyst expectations, as both imports and exports surged to record highs, data from Statistics Canada showed on Wednesday.

U.S. private employers hired the fewest workers in two years in April amid persistent labor shortages and increasing costs, which are hitting small businesses the hardest, raising the possibility that overall job growth slowed last month.

U.S. private employers hired the fewest workers in two years in April amid chronic labor shortages and rising costs, which are hitting small businesses the hardest, raising the possibility that overall job growth slowed considerably last month.

Nepal should engage in monetary tightening including rate hikes to contain dwindling forex reserves, without resorting to import curbs that could push up prices and hamper economic growth, a senior International Monetary Fund (IMF) official said.

Nepal should engage in monetary tightening including interest rate hikes to bolster its dwindling foreign exchange reserves, without resorting to import curbs that could push up prices and hamper economic growth, a senior International Monetary Fund (IMF) official said on Wednesday.

The S&P 500 and the Nasdaq slipped on Wednesday as growth stocks lost ground, while banks gained ahead of a Federal Reserve policy decision expected to result in the biggest interest rate hike since 2000.

U.S. stocks rose sharply in choppy trading on Wednesday after the Federal Reserve announced its widely expected interest-rate hike, the biggest rate increase since 2000.

U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years.

A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is succeeding in tightening some financial conditions, but the jury is still out on how much of an impact higher rates will have on inflation.

As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price of hundreds of products as they compete for customers and set themselves up to do battle in negotiations with major packaged food makers.

A long-awaited U.S. "open banking" rule that could dramatically boost consumer finance competition and increase Americans' access to financial services is being held up by privacy concerns, according to five people with knowledge of the matter.

The Reserve Bank of India raised its key lending rate by 40 basis points to 4.40% on Wednesday to rein in rising inflation, catching markets by surprise with an unscheduled meeting of its monetary policy committee.

The dollar fell to a one-week low against a basket of currencies on Wednesday after Federal Reserve Chairman Jerome Powell played down the prospect of a 75 basis point rate hike, even as he said the U.S.

U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared.

U.S. and European equities mostly wavered on Wednesday while Treasury yields moved higher ahead of a widely expected Federal Reserve decision to hike interest rates and reduce liquidity to tame inflation rising at the fastest pace in 40 years.

U.S. stocks initially rose and Treasury yields trimmed gains on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance in June.

European stocks slipped on Wednesday, dented by disappointing earnings and nerves ahead of a policy decision by the U.S.

The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S.

North Korea's office workers and factory labourers have been dispatched to farming areas around the country to join a fight against drought, state media reported on Wednesday, amid concerns over prolonged food shortages.

The highest inflation in decades is unraveling whatever policy consensus there was between the world's major central banks since the Great Financial Crisis and global markets could buckle under resulting waves of stress and volatility.

The highest inflation in decades is unraveling whatever policy consensus there was between the world's major central banks since the Great Financial Crisis and global markets could buckle under resulting waves of stress and volatility.

Staff at Britain's Financial Conduct Authority (FCA) went on strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved.

The top U.S. securities regulator on Tuesday told companies they may have to disclose the impact Russia's invasion of Ukraine could have on their business, such as on operations or employee bases in either country, or if their assets were nationalized.

European stocks rose on Tuesday after a string of upbeat earnings, while banking shares gained as government bond yields hit fresh highs in anticipation of quicker interest rate hikes by global central banks to tackle surging inflation.