IBT Staff Reporter

The U.S. dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight, with Federal Reserve officials talking up the potential for further, aggressive interest rate hikes.

New Zealand's jobless rate held just above historic lows while wage inflation hit a 14-year high, raising the prospect that the central bank might have to increase rates more aggressively than economists expect.

Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S.

Oil prices slid about 4% on Wednesday, with losses accelerating after U.S.

Oil prices slid 2% on Wednesday as U.S. crude and gasoline stockpiles unexpectedly surged higher last week and after OPEC+ said it would raise its oil output target by only 100,000 barrels per day (bpd).

Oil prices inched up on Wednesday, erasing earlier losses, as the OPEC+ producer group was set for a small output increase of 100,000 barrels per day, a document seen by Reuters showed, dashing U.S.

Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand.

Oil prices were flat to weaker on Wednesday ahead of a meeting of OPEC+ producers, stabilising after a drop of 1% in early trade amid fears that a slowdown in global growth would hit fuel demand.

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.

Oil prices fell about 1% in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.

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Colombia will continue to reduce its fiscal deficit but may need another year to reach the target laid out for 2023 in order to finance social needs, incoming Finance Minister Jose Antonio Ocampo said on Tuesday.

Search teams have located two more bodies in an area scorched by a forest fire raging for a fifth day in northern California near the Oregon border, bringing to four the number of lives lost in the state's biggest blaze this year, officials said on Tuesday.

North Korea's foreign ministry on Wednesday criticised what it called U.S.

Argentina's incoming economy minister, dubbed a "superminister" due to his expanded portfolio, announced new secretary picks including for the key farm sector on Tuesday, part of the government's latest bid to reign in a severe economic crisis.

General Motors Co is prepaying Livent Corp $198 million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry's rising worry about a tightening market for the electric vehicle battery metal.

General Motors Co is prepaying Livent Corp $198 million for a guaranteed six-year supply of lithium to build electric vehicle batteries, a deal that underscores surging demand for the metal among automakers.

PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its annual profit guidance.

The Biden administration wants to keep tensions between Washington and Beijing inflamed by a high level visit to Taiwan from boiling over into a conflict, White House national security spokesman John Kirby said on Tuesday.

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A bill expanding healthcare coverage for veterans sickened by gases from military toxic burn pits passed the U.S.

The following is a summary of some recent studies on COVID-19.

The CIA drone strike that killed Al Qaeda leader Ayman al-Zawahiri delivered a long-sought win for U.S.

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Clergy members of five religions sued the state of Florida on Monday over a new law criminalizing most abortions in the state after 15 weeks of pregnancy, saying the ban violates their religious freedom rights.

Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.

Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.

European Union and U.S. officials said on Tuesday that "there should be no obstacle" to restoring banking and telecommunications services to the country's isolated northern Tigray region.