IBT Staff Reporter

Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries, gaining ahead of U.S.

Three grain ships left Ukrainian ports on Friday under a safe passage deal while the first inbound cargo vessel since Russia's invasion was due in Ukraine later in the day to load, and Kyiv called the pact to be extended to other goods such as metals.

Three ships loaded with grain left Ukrainian ports on Friday under a recently concluded safe passage deal, the Turkish defen?e ministry and Reuters witnesses said.

Three ships loaded with grain left Ukrainian ports on Friday under a recently concluded safe passage deal, the Turkish defen?e ministry and Reuters witnesses said.

China's firing of missiles during military drills around Taiwan was an unjustified escalation, U.S.

Taiwan condemned its "evil neighbour" on Friday after China fired multiple missiles into its surrounding waters, as many as four of which flew over the island's capital Taipei in an unprecedented escalation during live-fire exercises.

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Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand.

Oil prices steadied in Asia trade on Friday, after hitting their lowest levels since before Russia's February invasion of Ukraine in the previous session, as the market juggled concerns of supply shortage and slower demand.

Oil prices extended losses on Friday, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand.

Philippine inflation accelerated to its fastest pace in nearly four years in July, government data showed on Friday, maintaining pressure on the central bank to further tighten monetary policy at its Aug.

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The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S.

The dollar crept higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S.

Airlines have cancelled flights to Taipei and rerouted others to avoid airspace nearby that has been closed to civilian traffic during Chinese military exercises sparked by U.S.

The airspace involved is comparatively small, but the disruption is hampering travel between Southeast Asia and Northeast Asia.

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Japan's households increased spending for the first time in four months in June, as demand for travel services rose in a positive sign for broader recovery prospects.

Japan's households increased spending for the first time in four months in June, as demand for travel services rose in a positive sign for broader economic recovery prospects.

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U.S. House of Representatives Speaker Nancy Pelosi on Friday praised Taiwan, pledged U.S.

U.S. House of Representatives Speaker Nancy Pelosi said on Friday that her trip through Asia, which prompted an infuriated China to hold live-fire military drills in the waters off Taiwan, was never about changing the status quo in Taiwan or the region.

Japan and the United States agreed on Friday to work together on maintaining peace in the increasingly tense Taiwan Strait, amid unprecedented military drills by China including five missiles that landed in Japan's exclusive economic zone.

U.S. House of Representatives Speaker Nancy Pelosi will meet Japanese officials in Tokyo on Friday, following a visit to Taiwan that Beijing answered with unprecedented military drills and missile launches including five that landed within Japan's exclusive economic zone.

U.S. Deputy Secretary of State Wendy Sherman met with leaders in Samoa and Tonga on Friday, discussing climate change, ocean security and opportunities to work together as Washington seeks to re-engage with the region amid concerns about growing Chinese influence.

U.S. Deputy Secretary of State Wendy Sherman met with Samoa's leader on Friday, discussing climate change, ocean security and opportunities to work together as Washington seeks to re-engage the region amid growing Chinese influence.

The Philippines' Bataan Nuclear Power Plant (BNPP) has not produced any electricity since it was finished in 1984, despite its $2.3 billion price tag and its promise of energy security during the 1970s oil crisis.

North Korea on Friday said all of its fever patients have recovered, marking the end of its first wave of the coronavirus pandemic, but challenges linger with economic hardships deepening and an unvaccinated population exposed to future resurgences, analysts said.