IBT Staff Reporter

Asian stocks managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes, while the euro traded at a two-year low and oil began to claw back overnight losses.

The euro huddled at a two-decade low on Thursday and oil nursed losses as investors fretted about a looming recession, while equities were caught between growth worries and relief that a slowdown might put the brakes on interest rate hikes.

Australia said on Thursday it would expand the rollout of the fourth dose of COVID-19 vaccines from next week as it battles a steady rise in hospital admissions fuelled by the highly transmissible new Omicron subvariants, BA.4 and BA.5.

The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister.

The dollar traded little changed against the euro and other trading currencies on Thursday, though sterling held on to gains after Boris Johnson said he was quitting as British prime minister.

A pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.

The safe-haven dollar retreated from near a two-decade high against major peers on Thursday, tracking an easing in Treasury yields, while U.S.

The euro hovered near a two-decade low against the dollar on Thursday as Europe's energy woes cast a long shadow over the economic outlook.

New Zealand Prime Minister Jacinda Ardern said on Thursday regional architecture such as the Pacific Islands Forum was critical in resolving regional problems and local security issues should be resolved locally.

New Zealand Prime Minister Jacinda Ardern said on Thursday regional architecture such as the Pacific Islands Forum was critical in resolving regional problems and local security issues should be resolved locally.

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The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of underlying demand, it said.

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Russian President Vladimir Putin on Thursday accused the West of decades of aggression towards Moscow and warned that if it wanted to attempt to beat Russia on the battlefield it was welcome to try, but this would bring tragedy for Ukraine.

Vladimir Putin on Thursday accused the West of decades of aggression towards Moscow and warned that if it wanted to attempt to beat Russia on the battlefield it was welcome to try, but this would bring tragedy for Ukraine.

Ukrainian forces raised their national flag on a recaptured Black Sea island on Thursday in a defiant act against Moscow, but Kyiv lost one of its main international supporters after British Prime Minister Boris Johnson said he would step down.

Ukrainian forces raised their national flag on a recaptured Black Sea island on Thursday in a symbol of defiance against Moscow, but Russian forces consolidated gains in eastern Ukraine and probed the defences of potential new targets.

Former Russian President Dmitry Medvedev said attempts by the West to punish a nuclear power such as Russia for the war in Ukraine risked endangering humanity, as the near five-month conflict leaves cities in ruins and thousands homeless.

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American Heather Kaye and her family, including cat Mochi, are part of a wave of residents departing Shanghai, leaving behind their homes and memories, driven out by two years of strict COVID-19 curbs, including a crushing two-month lockdown.

A trip to glamorous Hong Kong was a distant dream for most Chinese mainlanders in the mid-1990s, but for schoolgirl Tracey Chen in the southern boomtown of Shenzhen, it was just a lunchtime stroll.

Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.

An Uvalde police officer awaiting a supervisor's permission to fire his rifle missed a chance to take out a school shooter who went on to massacre 19 children and two teachers, according to a report published on Wednesday.

The U.S. dollar will remain strong for at least the next three months due to aggressive Federal Reserve interest rate rise expectations and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed.

The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed.

Oil prices settled sharply higher on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.

Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.

Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.