BUSINESS

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Fears mount for China's economy as leaders dig in on zero-Covid

A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility.

CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company's first production in the world's second-largest car market, two people with knowledge of the plans told Reuters.

The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation.

Officials and lawmakers negotiating an overhaul of the EU carbon market are struggling to reach a compromise over plans to levy CO2 costs on suppliers of polluting fuels, potentially putting the bloc's climate change targets at risk.

US sending Ukraine more weapons, dozens evacuated from steelworks

Global stocks mostly fall despite solid US jobs data

The dollar slipped against a basket of currencies on Friday after two volatile days as investors focused on how aggressive the Federal Reserve might be in hiking rates as it tackles rising inflation.

The dollar edged down on Friday but remained near 20-year highs against major peers, while the euro jumped on European Central Bank members talking up a return to positive rates this year.

The dollar was headed for a fifth winning week versus major peers on Friday, ahead of closely watched U.S.

The dollar index hovered near 20-year highs against major peers on Friday, as market sell-offs in the face of global recession fears propped up the safe haven currency.

The dollar was headed for a fifth winning week against major peers on Friday, ahead of a closely watched U.S.

Oil prices rose nearly 1.5% on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Oil prices rose almost 1.5% on Friday, settling with a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil.

Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on crude oil.

Oil prices rose more than 1% on Friday and were set to rise for a second consecutive week, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.

Australia's Macquarie on Friday warned of significantly lower income from its commodities trading arm and forecast transaction activity at its capital business to ease from record levels in the near term, sending its shares almost 6% lower.

Australia's Macquarie Group Ltd posted forecast-beating record annual profit powered by a surge in commodities trading and frenzied M&A activity, but it also warned earnings would decline, sending its shares tumbling.

Pilots say new Mexico City airport causing safety issues

Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people.

Israel hunts Palestinians after three killed in axe attack

Core consumer prices in Tokyo, considered a leading indicator of Japanese price trends, rose 1.9% in April from a year earlier, marking the fastest annual pace in seven years, government data showed on Friday.

Journalist murdered in Mexico, ninth this year

MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped by growth in its financial services unit.