ECONOMY & MARKETS

Oil prices fell slightly on Friday as they traded in a narrow range ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States.

Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release.

Inflation is picking up in India, but the country's central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say.

Japan has little to cheer about a weak yen, which reflects its deteriorating economic fundamentals and trade deficit, the country's former top currency diplomat Mitsuhiro Furusawa said.

Japanese business confidence soured in the first quarter, a quarterly central bank survey showed on Friday, as companies took a hit from supply disruptions and surging raw material costs caused by the Ukraine crisis.

Japanese business confidence hit a nine-month low in the first quarter, a central bank survey showed, as companies took a hit from supply disruptions and surging raw material costs caused by the Ukraine crisis.

Australian home prices are slowly coming back to earth as the sky-high markets of Sydney and Melbourne lose some heat, though there is still plenty of lift in the smaller cities and regions.

Brazil's central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix instant payment system, underscoring mounting risks from striking workers despite the relatively small impact for banks.

The U.S. Export-Import Bank's board of directors on Thursday voted to formalize the bank's withdrawal from any further business in Russia and approved financing and guarantee deals worth up to $381 million for Iraq, Sri Lanka and Albania.

A federal judge on Thursday dismissed a long-running antitrust lawsuit accusing 10 of the world's largest banks of pursuing two interrelated conspiracies to suppress competition in the now $23.2 trillion market for U.S.

The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.

A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia's invasion of Ukraine and the surge in crypto trading has created a range of new of new financial threats.

Colombia's central bank board raised the benchmark interest rate by 100 basis points to 5% on Thursday, significantly lower than expected even amid continued increases in inflation.

Which market has it right?With the first quarter of 2022 nearly over, the U.S.

A proposed multi-billion pound claim brought by thousands of asset managers, pension funds and financial institutions against major banks over alleged foreign exchange (forex) rigging has been blocked by a London court.

When euro zone interest rates turned negative in 2014, fixed income specialist Michael Hampden-Turner recalls having to explain to baffled bond investors how they could be charged to lend money to governments.

Want to invest in ethical gold? It's harder than it looks.

In mid-March, U.S. central bankers raised interest rates for the first time since 2018 and published projections signaling a far more aggressive posture toward too-high inflation.

The United States is unlikely to face an economic recession in the next two years despite bond markets flashing warning signs, inflation at its highest in decades and rising geopolitical risks, portfolio managers at PIMCO and Amundi said.

The United States will not set any "red line" for India on its energy imports from Russia but does not want to see a "rapid acceleration" in purchases, a top U.S.

The Canadian economy likely gathered momentum in February, growing for a ninth consecutive month after a January gain, data from Statistics Canada showed on Thursday, prompting economists to revise up first quarter projections.

U.S. stocks were poised to end the biggest quarterly decline in two years on a down note on Thursday as worries about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve persisted.

U.S. stocks slumped to close out the first quarter on Thursday with its biggest quarterly decline in two years as concerns persisted about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve's response.

Gold on Thursday was headed for its best quarter since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.

Gold on Thursday was headed for its biggest quarterly gains since the coronavirus pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.

Police imposed an overnight curfew in several parts of Sri Lanka's main city of Colombo early on Friday after protests over the government's handling of the country's worst economic crisis in decades turned violent, an official said.

Global stocks dropped on Thursday with U.S. shares sinking over 1.5%, as concerns about a recession and the Russian-Ukranian war spurred selling, while oil prices plunged over $6 as Washington launched a record release from its emergency oil reserves.

The dollar edged higher on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the energy shock that has resulted from the war weighed on Europe's economy.

The dollar rose on Thursday as a lack of progress in peace talks between Russia and Ukraine boosted demand for the safe-haven currency and as the United States announced the largest release ever from its emergency oil reserve to try to blunt the energy shock from the war.