IBT Staff Reporter

Wall Street's main indexes climbed more than 1% on Wednesday, boosted by gains in beaten-down growth and financial stocks, with investors waiting to see how high the Federal Reserve would raise interest rates at its policy meeting to quell inflation.

Countries haggle through the night to salvage WTO deals

How did a Europe court halt Britain's Rwanda deportation flight?

Advisers to the U.S Food and Drug Administration on Wednesday unanimously recommended the agency authorize COVID-19 vaccines from Moderna Inc and Pfizer Inc/BioNTech SE for millions of the youngest American children.

IKEA said on Wednesday it would sell factories, close offices and reduce its 15,000-strong workforce in Russia, the latest move by the world's biggest furniture brand to cut its operations there following Moscow's invasion of Ukraine.

The World Health Organisation is looking into reports that the monkeypox virus is present in the semen of patients, exploring the possibility that the disease could be sexually transmitted, a WHO official said on Wednesday.

EU takes legal action against UK for breaching N.Ireland agreement

Japanese Prime Minister Fumio Kishida said on Wednesday he expected the Bank of Japan (BOJ) to stick to a 2% inflation target, when asked about a possibility the central bank may adjust its massive stimulus to stem the yen weakening.

The Federal Reserve on Wednesday approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation that U.S.

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

France claims capture of senior IS figure in Mali

The Bank of Japan's resolve to defend its yield cap faces attack from investors betting the central bank could give in to global market forces, opening up a slim chance for a near-term tweak in its policy.

No way around BTS break as military service looms: analysts

For decades, Japan's powerful automakers had a playbook to deal with deflation: press suppliers for lower prices on everything from seat belts to wire harnesses and promise volume.

With prices surging, 24-year-old Noemi Turi presented her employer in Budapest with a pay request 16% above what she considered acceptable just a few months ago as double-digit inflation across East Europe fuels wage demands.

Manulife Financial's Asia unit is on track to account for half of the Canadian insurer's core earnings by 2025 despite economic slowdowns and impact of COVID-19 to its key markets, the newly appointed regional chief executive told Reuters.

U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits.

U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on the market as they reap windfall profits, sharply escalating his rhetoric against industry as he faces pressure over rising prices.

K-pop pioneers BTS faced tears and sympathy from fans but anger from shareholders in their management company on Wednesday, a day after the band, pleading exhaustion, announced a break from group musical activities to pursue solo projects.

Chief executives from Alphabet Inc, Amazon.com Inc and Microsoft Corp on Wednesday called on Congress to pass legislation aimed at boosting U.S.

Storm clouds circled a large zinc shed outside Ghana's capital Accra where market porters sat on overturned metal bowls, disheartened by the lack of business as the encroaching rain deterred shoppers from nearby stalls.

ECB moves to ease bond stress after surprise meeting

The World Trade Organization negotiations on food, fisheries and vaccines stretched into the early hours on Thursday amid growing doubts that tough bargaining could deliver deals in the face of Indian intransigence.

The World Trade Organization on Wednesday extended negotiations on food, fisheries and vaccines by an additional day amid growing doubts it could find consensus on any change to global trade rules, crippled by India's refusal to compromise.

The World Trade Organization on Wednesday extended its negotiations by a day amid growing doubts they would find consensus on any change to global trade rules and India adamant it would not yield on food, fisheries and vaccines.

American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month.

Indigenous team scours remote Amazon for missing Phillips and Pereira

China's internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China's answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with knowledge of the matter said.