IBT Staff Reporter

Green ministers outshine Scholz as stars of German government

El Salvador's big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings, Reuters calculations show.

Deutsche Bank looked to open a new chapter on Thursday as its shareholders voted in a successor to Paul Achleitner as chairman, after a rocky decade during which Germany's largest lender lost billions and saw its share price plummet.

Group of Seven financial leaders are likely to agree on Thursday and Friday on around $15 billion to help Ukraine pay its bills in coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda.

The Group of Seven's financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do more if needed, a draft communique showed.

Former U.S. President George W. Bush mistakenly described the invasion of Iraq as "brutal" and "unjustified" before correcting himself to say he meant to refer to Russia's invasion of Ukraine.

More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities set out more plans for exiting the city-wide COVID-19 lockdown more fully.

Forbidden love: Taiwan's gay couples seek foreign marriage equality

From meme-stock enthusiasts to retirees, this year's steep dive for both stocks and U.S.

From meme-stock enthusiasts to retirees, this year's steep dive for both stocks and U.S.

Woodside Petroleum's shareholders on Thursday voted for a merger with BHP Group's petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to a vote count at the company's annual meeting.

More than one million American lives have been lost to the COVID pandemic, a staggering milestone.

Joe Biden will visit Japan and South Korea on his first Asian trip as U.S.

New Zealand's government on Thursday promised to spend more than NZ$1 billion ($630 million) to help people cope with inflation that has reached three-decade highs in the Pacific nation.

Oil prices rose on Thursday, recovering from early losses, as lingering fears over tight global supplies outweighed fears over slower economic growth as highlighted by slumping global shares.

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.

Oil prices fell on Thursday on concerns that high fuel prices could hurt economic growth, but a planned easing of restrictions in Shanghai and a tight supply outlook limited losses.

Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the previous session as Wall Street stocks tumbled amid mounting concerns that aggressive tightening by the Federal Reserve and other global central banks could choke growth.

The safe-haven dollar and yen eased on Thursday while the Australian and New Zealand dollars jumped amid signs of an easing in Shanghai's coronavirus lockdown, although sentiment remained fragile as global equities sold off.

The euro edged up on Thursday as investors price in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe-haven dollar took a breather after significant gains in the previous sessions.

The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe-haven dollar took a breather after significant gains in the previous sessions.

The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe-haven dollar paused after significant gains in the previous sessions.Money markets are pricing in around 105 basis points (bps) of ECB rate hikes from around 95 bps on Tuesday before ECB official Klaas Knot signalled a 50-basis-point rate increase was possible in July.

The dollar fell across the board on Thursday, dipping to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback's advance this year drew some buyers.

The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback's advance this year drew buyers.

Sri Lanka's central bank held its key interest rates steady on Thursday following a massive 700 basis points increase at its previous meeting and reiterated the need for more fiscal measures and political stability in the crisis-hit economy.

Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.

Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar eased.

Global equity markets skidded further on Thursday as fresh signs of slowing growth led investors to sell stocks and move into safe-haven assets such as government debt and the Swiss franc, poised for its biggest one-day gain in more than six-years.