IBT Staff Reporter

Out of the frying pan: Indonesians pay price of cooking oil crisis

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Wednesday it has no concrete plans for factories in Europe - remarks that come amid efforts by the European Union to encourage Taiwanese firms to manufacture chips there.

The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among peers in sticking to ultra easy monetary policy.

The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among its peers in sticking to ultra easy monetary policy.

The euro hit a seven-year peak against the yen on Wednesday ahead of a European Central Bank (ECB) rate-setting meeting on Thursday that is likely to leave the Bank of Japan (BoJ) standing alone with ultra-loose monetary policy.

The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year.

The US Capitol riot public hearings: six questions

President Joe Biden's special envoy for talks with three tiny but strategically important Pacific island nations will lead a delegation to the Marshall Islands next week amid growing U.S.

Helium shortage deflates American celebrations

Golf's divisive LIV series prepares to tee off

South Korea's tougher stance towards the North under its new conservative president will be welcomed by Tokyo as Japan seeks to boost its military capabilities amid rising tensions on the Korean Peninsula and more broadly in the region, analysts say.

Oil prices edged up on Wednesday ahead of data on U.S.

Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support.

Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers.

Oil prices rose about 1% on Wednesday, and U.S. crude hit a 13-week high despite a rise in domestic crude inventories, as supplies looked likely to tighten with China easing lockdowns and Norwegian oil workers planning to strike.

Japan's economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections, offsetting a drop in capital spending.

Japan's economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections and companies rebuilt their stock, offsetting a drop in business spending.

Merkel defends Russia legacy, says 'nothing to apologise for'

Lawmakers, shooting victims and advocates for stricter gun laws including actor Matthew McConaughey spoke out in Washington on Tuesday for legislation to reduce mass shootings amid signs of movement on an issue that has stymied Congress for years.

Ukrainian forces struggled to hold their ground in bloody street-to-street fighting in the eastern frontline city of Sievierodonetsk as President Volodymyr Zelenskiy said the situation was difficult, also pledging to retake Russia's gains.

Ukrainian forces were successfully holding out against the assault in Sievierodonetsk, the general staff said on Wednesday, while Russian troops were bringing in new resources towards Donbas in an intense battle for control of the eastern region.

Ukrainian troops holding out in the ruins of Sievierodonetsk came under renewed heavy assault on Wednesday from Russian forces who see the capture of the industrial city as key to control of the surrounding Luhansk region.

Ukrainian troops holding out in the ruins of Sievierodonetsk came under renewed heavy assault on Wednesday from Russian forces who see the capture of the industrial city as key to control of the surrounding Luhansk region.

Ukrainian forces pulled back to the outskirts of the industrial city of Sievierodonetsk on Wednesday in the face of a fierce Russian assault, the regional governor said, another big swing in momentum in one of the bloodiest battles of the war.

Hasbro Inc is poised to prevail over a board challenge from activist hedge fund Alta Fox, people familiar with the matter said on Tuesday.

Former Brazilian President Luiz Inacio Lula da Silva, the leftist frontrunner ahead of an October election, is looking at ways to reverse President Jair Bolsonaro's planned privatization of state-run electricity company Eletrobras, his advisers say.

Rural reforms to correct deep inequalities in the Colombian countryside are the least implemented part of the country's 2016 peace deal with the FARC rebels, the academic body which tracks the accord said on Tuesday.

Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said on Tuesday.

Target Corp is expected to shed by August the excess inventory that is hurting its profitability and be poised to show strong profits during the key back-to-school and holiday sales seasons, analysts said on Tuesday.