IBT Staff Reporter

The International Monetary Fund reported constructive talks with Sri Lankan authorities on Thursday, raising hopes it could soon grant preliminary approval for a credit facility to alleviate a crisis in which the country is struggling to pay for imports.

The International Monetary Fund reported constructive talks with Sri Lankan authorities on Thursday, raising hopes it could soon grant preliminary approval for a credit facility to alleviate a crisis in which the country is struggling to pay for imports.

Bearish bets on the Philippine peso grew as the central bank adopted a more modest approach than its peers to tamp down inflation, while short positions on China's yuan eased following more stimulus and easing COVID-19 curbs, a Reuters poll found.

OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude.

Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs).

Business executives in Hong Kong have a wish list for its new leader: scrap COVID-19 quarantine rules, and promote the rule of law and transparent regulations to revive foreign investor confidence - before the territory becomes a hardship posting.

Ferrari makes some of the fastest cars on the road, but the luxury Italian automaker is taking the slow lane to an electric future as it tries to overcome the technology's disadvantages against today's powerful fossil fuel engines.

By Huw Jones and Tom WilsonLONDON (Reuters -Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile "Wild West" market.

By Huw Jones and Tom WilsonLONDON (Reuters - Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile "Wild West" market.

By Huw JonesLONDON (Reuters - The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector.

Indonesia's parliament passed on Thursday legislation to create three new provinces in its underdeveloped region of Papua, a move critics fear could undermine the standing of the area's indigenous population and threaten special autonomy powers.

Chinese leader Xi says Hong Kong 'reborn from the fire' as visit to city begins

Thousands gather at all-male meeting to rubber-stamp Taliban rule

When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become an entirely new asset class for investors.

Wimbledon draw opens up for Nadal as Swiatek bids to extend run

India's women water warriors transform parched lands

Republican U.S. Representative Liz Cheney said on Wednesday that Donald Trump's efforts to overturn the 2020 election were "more chilling and more threatening" than first imagined, while calling on Republicans to choose between loyalty to Trump and the Constitution.

'Fearless' England excite Anderson as India sweat on Rohit

Cairo's floating heritage risks being towed away by grand projects

The euro recovered on Thursday from a two-week low against the dollar, which sputtered after fresh inflation data showed U.S. consumer spending rose less than expected in May.

The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession.

The euro struggled to regain its footing on Thursday after tumbling overnight against a resurgent U.S.

The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent U.S.

Russian forces abandoned the strategic Black Sea outpost of Snake Island on Thursday in a victory for Ukraine that could loosen the grip of Russia's blockade on Ukrainian ports.

Russian forces abandoned the strategic Black Sea outpost of Snake Island on Thursday in a victory for Ukraine that could loosen the grip of Russia's blockade on Ukrainian ports.

Russian forces abandoned the strategic Black Sea outpost of Snake Island on Thursday, in a major victory for Ukraine that could loosen a Russian grain export blockade threatening to worsen global hunger.

Russia pressed on with its offensive in eastern Ukraine on Thursday after NATO branded Moscow the biggest "direct threat" to Western security and agreed plans to modernise Kyiv's beleaguered armed forces.

Sex Pistols show shines light on 'violence of punk'

Verstappen returns to the scene of the crash chasing first British GP win