IBT Staff Reporter

The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.

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Global markets fell on Thursday as investors worried that further rises in interest rates to quell decades-high inflation would tip economies into recession.

Asian shares wobbled while commodity prices fell on Thursday, as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile.

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Oil prices dropped by nearly $2 a barrel on Thursday after another round of remarks from Federal Reserve Chair Jerome Powell fanned worries U.S.

Oil prices fell by more than $2 a barrel on Thursday in volatile trading as investors weighed the risk that rising U.S.

Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel.

Oil prices edged higher on Thursday after earlier falls as investors weighed the risks of recession and how fuel demand will be affected by rising interest rates and tight supplies.

A retreat in oil prices continued on Thursday as investors reassessed the risks of recession and how fuel demand will be affected by rising interest rates.

Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand.

Oil prices continued to pull back on Thursday, dropping more than 2% as investors recalibrated assessments of recession risks and fuel demand amid interest rate hikes in major economies.

Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S.

The European Central Bank will raise its deposit rate above zero for the first time in a decade in September, according to most economists polled by Reuters, who expect it to be at least 50 basis points higher than previously anticipated by year-end.

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North Korean leader Kim Jong Un continued to preside over the second day of the nation's major party meeting on its military and defence policies on Wednesday, the state media reported on Thursday, amid concerns over a potential imminent nuclear test.

Eight people who took care of soccer legend Diego Maradona will be tried in Argentina courts for homicide, according to a ruling released on Wednesday following an investigation into his November 2020 death due to cardiac arrest.

A coalition of human rights groups on Wednesday called on U.S.

A coalition of human rights groups on Wednesday called on U.S.

Brazil's Economy Ministry is trying to limit the cost of higher cooking gas subsidies and a new cash transfer program for truck drivers, which the government is envisaging as a way to ease the impact of soaring fuel prices in an election year, said five sources familiar with the matter.

At least one unit of U.S. grain trader Cargill in Brazil's Mato Grosso state is storing corn in open air outside silos, according to images posted on Twitter on Wednesday, reflecting the rapid pace of harvesting this season.

U.S. President Joe Biden's public approval rating fell for a fourth straight week to 36% matching its lowest level last seen in late May, according to a Reuters/Ipsos opinion poll completed on Wednesday.

The International Monetary Fund said on Wednesday it welcomed an economic reform program announced by the Tunisian government this month and is ready to start negotiations in coming weeks over a loan program.

The Texas school district police chief who has come under withering criticism for the police response to the Uvalde school massacre has been placed on administrative leave by the district and could lose his position on the Uvalde City Council.

The school district police chief who delayed launching an assault on a mass shooter who slaughtered 19 school children and two teachers in Uvalde, Texas, has been placed on administrative leave, the schools' superintendent said in a statement on Wednesday.

A Texas state senator sued the state's Department of Public Safety on Wednesday for access to the complete records of the shooting at an elementary school in May that killed 19 children and two teachers.

The Muslim widow of the Italian ambassador killed last year in Democratic Republic of Congo broke into tears on Wednesday as she told Pope Francis of her Catholic husband's commitment to help African children.