ECONOMY & MARKETS

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts.

Severe outbreaks of bird flu in the United States and France are tightening global egg supplies and raising prices for the food staple as the war in Ukraine disrupts shipments to Europe and the Middle East.

Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S.

British consumers spent more in early April, partly due to soaring fuel prices, but fewer people left their homes to go to work, shop or socialise, raising the prospect of an economic slowdown caused by a cost-of-living squeeze.

Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria's supply of gas can continue to be paid for in euros, Nehammer was quoted as saying by Austrian news agency APA.

European shares rose on Thursday as the ECB kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.

European shares rose on Thursday as the central bank kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.

Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand, as global policymakers moved quickly to prevent soaring inflation from derailing a fragile world economic recovery.

China's explicit call to cut the amount of cash banks set aside as reserves and boost lending has advanced expectations for imminent policy easing, but economists say any credit loosening may not be enough to beat back the prospect of a deep economic downtrend.

China's explicit call to cut the amount of cash banks set aside as reserves and boost lending has reinforced expectations for imminent policy easing, but economists say any credit loosening may not be enough to beat back the prospect of a deep economic downtrend.

Gold traded flat on Thursday but prices were set for a second consecutive weekly gain as the Ukraine crisis and broadening inflationary pressures lifted the safe-haven metal's appeal.

Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies' depositary receipts from foreign exchanges, according to two people familiar with the matter.

Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies' depositary receipts from foreign exchanges, according to two people familiar with the matter.

Indonesia's sovereign wealth fund on Thursday signed two agreements to invest in toll roads on the islands of Sumatra and Java worth more than 39 trillion rupiah ($2.72 billion), President Joko Widodo said.

Asian shares tracked Wall Street higher on Thursday, while U.S.

Asian shares tracked Wall Street higher on Thursday, while U.S.

Stock markets made slim gains on Thursday ahead of a European Central Bank meeting that could herald tighter policy, as U.S.

The dollar lost ground against most major peers on Thursday, falling from two year peak hit overnight, as U.S.

The euro rose on Thursday ahead of the European Central Bank meeting expected to outline a clearer schedule for unwinding stimulus, opening up the possibility of a first rate hike later this year.

The euro plunged to a two-year low against the U.S.

The euro plunged to a two-year low against the U.S.

Japan's ruling Liberal Democratic Party (LDP) on Thursday urged the government to introduce jet fuel subsidies and launch a tourism campaign as part of a relief package to cushion the blow from global commodity inflation driven up by the Ukraine war.

South Korea's central bank raised its benchmark rate to the highest since August 2019 on Thursday in a surprise move as it ramped up the fight against rampant inflation, which threatens its economic recovery.

By Noah BrowningLONDON -Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S.

By Arathy SomasekharHOUSTON - Oil prices edged higher on Thursday in thin trade ahead of a long weekend as traders weighed news of a possible European ban on Russian oil imports against a larger-than-expected build in U.S.

Southern Copper Corp said on Wednesday that its Peruvian mine remains closed after six weeks of a standoff with protesters, accusing Peru's government of failing to intervene to guarantee security for its 1,300 workers and their families.

More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.

The European Central Bank stuck to plans on Thursday to finally end its stimulus programme in the third quarter but gave no further clues on its schedule, stressing uncertainties linked to the war in Ukraine.

The European Central Bank kept its policy stance broadly unchanged on Thursday, sticking to plans to slowly unwind extraordinary stimulus as worries over record-high inflation trump concerns about a war-related recession.