IBT Staff Reporter

3451-3480 (out of 154944)

Shanghai Back On Alert As China Battles COVID Outbreaks

Millions of people in Shanghai queued for a third day of mass COVID-19 testing on Thursday as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries about growth in the world's second-largest economy.

Russia Joins G20 Meeting Overshadowed By Ukraine Conflict

Russian Foreign Minister Sergei Lavrov will have his first close encounter with the fiercest critics of his country's invasion of Ukraine at a G20 gathering in Indonesia that was getting under way on Thursday with the war all but certain to dominate discussions.

Stocks Climb With Treasury Yields, Sterling Rises

U.S. equities rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve's rate hiking tunnel, while oil prices rose on supply concerns and sterling rallied as UK Prime Minister Boris Johnson resigned .

Chipmaker Stocks Climb, Sickly Euro Treads Water

Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy.

Asian Stocks Tick Up As Investors Weigh Recession Risks

Asian stocks managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes, while the euro traded at a two-year low and oil began to claw back overnight losses.

Stocks In The Doldrums As Euro Founders On Recession Fears

The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth worries and relief that a slowdown might put the brakes on interest rate hikes.

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