IBT Staff Reporter

Czechs take over EU presidency braced for 'bad weather'

It's been a torrid first half for emerging market assets and with the Federal Reserve kicking off its tightening cycle amid soaring inflation shock waves might be on the horizon.

Grayscale Investments' lawsuit against the U.S. Securities and Exchange Commission for nixing the digital asset manager's proposal to create a spot bitcoin exchange-traded fund will likely be decided within a year, the company's chief executive officer said on Thursday.

Grayscale Investments said on Wednesday it had sued the U.S.

The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on the NYSE Arca exchange.

Aerojet Rocketdyne shareholders are poised to elect a group of directors headed by the company's chief executive in a bitterly fought election where the company's executive chairman also sought control of the board, people familiar with the matter said on Wednesday.

Japan's factory output posted the biggest monthly drop in two years in May as China's COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers, adding more pressure on an economy struggling to mount a strong recovery.

Japan's factory output posted the biggest monthly drop in two years in May as China's COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers, adding to worrying signs for an economy struggling to mount a strong recovery.

'No progress made' on Iran nuclear talks: US State Department

Oil prices sank around 3% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but left the market wondering about future output.

Oil prices fell on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies but left the market wondering about future output by not discussing plans for September.

Oil prices dipped in volatile trading on Thursday as concerns over global supply appeared to outweigh a build in U.S.

Oil prices were largely steady in volatile trading on Thursday as the market weighed concerns over global supply against a build in U.S. fuel product inventories.

Oil prices edged lower in volatile trading on Thursday as the market weighed concerns of global supply and a build in U.S. fuel product inventories.

Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories.

Oil prices were little changed on Thursday as markets weighed a rise in U.S.

UK urged to cleanse 'stain' of dirty Russian money

Rapper, producer and entrepreneur Kanye West, who legally changed his name to Ye last year, was sued on Wednesday for allegedly sampling a song by musician Marshall Jefferson without permission.

Indigenous Ecuadorans marched in central Quito Wednesday to call for a restart of negotiations suspended by the government more than two weeks into disruptive and often violent daily protests against rising living costs.

A Republican member of the Federal Communications Commission has urged the chief executives of Apple Inc and Alphabet Inc's Google to kick Chinese-owned TikTok out of its app stores.

Argentina's major farm groups called for a trade strike in two weeks in a bid to pressure the government to do more as frustration over crippling shortages of diesel and fertilizers weighs on the country's key agricultural sector.

New Zealand Prime Minister Jacinda Ardern said on Wednesday China has become "more assertive and more willing to challenge international rules and norms", and urged the use of diplomacy and economic links to build ties in the Indo-Pacific region.

Japan's central bank has stumbled into a rare public relations storm that has dragged debate about its ultra-low interest rates out of sterile boardrooms and into tabloid and social media, amid surging household ire over rising living costs.

More than a dozen goats journeyed to Riverside Park in New York City on Wednesday to feast on weeds, a chemical-free way to remove invasive species while adding to the joys of nature.

A proposed flat-rate tax on lithium produced in California's Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors Co and Stellantis NV and may push some mining companies to exit the state entirely, industry executives told Reuters.

Oil producer BP PLC on Wednesday joined Shell PLC in pledging to cover travel expenses for U.S.

Pfizer Inc and partner BioNTech SE said on Wednesday they signed a $3.2 billion deal with the U.S.

U.S. Energy Secretary Jennifer Granholm violated a law that limits the political participation and speech of federal employees during an interview in late 2021, a government watchdog said.

Wealth manager and banking group UBS will pay $25 million to settle fraud charges relating to an options trading strategy, the U.S.