IBT Staff Reporter

Australia off to a flyer as swim stars shine at Commonwealth Games

Shares of smaller U.S. companies are outpacing a rally in the broader equity market as they draw investors looking to scoop up cheaply valued stocks and those betting the group has already priced in an economic slowdown.

Prosecutors in The Bahamas on Friday charged four men with manslaughter after their vessel capsized as it attempted to smugle mostly Haitian migrants into the United States, leaving 17 people dead including children and a pregnant woman.

North Korea reported no new fever cases on Saturday for the first time since its acknowledgement in mid-May of a COVID-19 outbreak in the isolated country, state-run media reported.

US seeks to dampen China fury on Pelosi's potential Taiwan trip

Argentina's international bonds rose on Friday but remain near historic lows after President Alberto Fernandez's launched a "superministry" designed to coordinate economic policy, though analysts warned of uncertainties.

Japan's Foreign Minister Yoshimasa Hayashi sounded the alarm about China's behavior in the Indo-Pacific during a visit to Washington on Friday, saying the "logic of brute force" was gaining more traction over the rule of law in the region.

Regional forces in southeast Ethiopia killed more than 150 al Shabaab militiamen during fierce border clashes on Friday, the state news agency and a regional commander said, in the third round of fighting in nine days.

Central banks and markets may have dropped the narrative that inflation is "transitory," but there is a strong chance that current spikes in prices are temporary and will soon begin to trend downward, economists and former central bank policymakers told the Reuters Global Markets Forum (GMF).

US, Russia top diplomats hold 'frank' first talks since war

The U.S. Treasury Department is likely to announce that it will continue to cut some of its issuance of coupon-bearing Treasury debt when it announces its funding plans for the coming quarter on Wednesday, on expectations of a shrinking deficit.

Spain reported its second monkeypox-related death on Saturday, in what is thought to be Europe's second death from the disease and only the third outside of Africa in the current outbreak.

Near Trump course, 9/11 families slam 'hurtful' Saudi golf event

An Austrian firm which Microsoft said created malicious software that was detected on the computer systems of some of its clients in at least three countries has said its spying tool "Subzero" was for official use in EU states only.

Japan doesn't need to intervene in the currency market as the sharp depreciation in the yen won't continue, due to the changing economic environment in the United States and Japan, the country's former top currency diplomat Eisuke Sakakibara said on Friday.

Pakistan's powerful army chief appealed to Washington to use its leverage to secure the early release of International Monetary Fund money, Pakistani sources said on Friday, as the South Asian nation struggles to stave off an economic crisis.

China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues.

Big Oil has never had it so good, and its immediate priority is rewarding shareholders.

Pope calls Canada Indigenous abuse 'genocide', says must slow down

Federal Reserve Chair Jerome Powell said this week he's looking for compelling signs that inflation is cooling before the U.S.

Brazil on Friday reported the first monkeypox-related death outside the African continent in the current outbreak, shortly before Spain confirmed Europe's first known death in the outbreak later in the day.

Chileans will vote in a little over a month on a new constitution that would bring the most sweeping changes to the country since the end of the Augusto Pinochet military dictatorship.

Pope Francis told indigenous leaders on his last day of his Canadian visit that he was pained that Catholics had supported "oppressive and unjust policies" against them.

California cannot seek environmental concessions from five Native American Tribes during negotiations to renew their contracts to operate "Las Vegas style" casinos, a federal appeals court held.

California cannot seek environmental concessions from five Native American Tribes during negotiations to renew their contracts to operate "Las Vegas style" casinos, a federal appeals court held.

Colombia's inflation is forecast to have maintained its upward trajectory in July, rising almost to 10% amid supply issues and robust demand, pushing up estimates for this year and next, a Reuters poll revealed on Friday.

Pope headed to Arctic for last leg of penitential Canada trip

China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity crisis in the property sector continues.

Apple and Amazon added about $175 billion to their combined market value on Friday after upbeat results boosted investor confidence on the ability of these firms to weather a slowdown in the economy.