IBT Staff Reporter

Export prices of rice from India rose this week on increasing demand from Asia and Africa, while dwindling supplies of the staple lifted Vietnamese rates.

Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on crude oil.

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil.

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.

Oil prices rose more than 1% on Friday and were set to rise for a second consecutive week, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.

Oil prices rose almost 1.5% on Friday, settling with a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Oil prices rose nearly 1.5% on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Australia's Macquarie on Friday warned of significantly lower income from its commodities trading arm and forecast transaction activity at its capital business to ease from record levels in the near term, sending its shares almost 6% lower.

Australia's Macquarie Group Ltd posted forecast-beating record annual profit powered by a surge in commodities trading and frenzied M&A activity, but it also warned earnings would decline, sending its shares tumbling.

Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people.

Israel hunts Palestinians after three killed in axe attack

Thousands of people told to flee the largest wildfire burning in the United States have chosen to stay and defend generational homes in the mountains of northern New Mexico, even as some run out of food and water, officials said.

Real's Champions League heroics 'inspire' Nadal into Madrid quarters

Nicaraguan President Daniel Ortega's son Laureano, an influential figure in the country's leftist government, has reached out quietly to the Biden administration in recent months seeking to re-engage with the United States, according to people familiar with the matter.

Core consumer prices in Tokyo, considered a leading indicator of Japanese price trends, rose 1.9% in April from a year earlier, marking the fastest annual pace in seven years, government data showed on Friday.

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger.

The wife of Edward C. Johnson IV, whose family controls mutual fund powerhouse Fidelity Investments, has hired celebrity lawyer David Boies to represent her in a high-stakes divorce trial that opens on Friday.

Additional reports of patients with long COVID who were helped by Pfizer Inc's oral antiviral treatment Paxlovid offer fresh impetus for conducting clinical trials to test the medicine for the debilitating condition, U.S.

MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped by growth in its financial services unit.

Colombian drug lord 'Otoniel' pleads not guilty in US court

UN convoy en route for rescue from Mariupol 'hell'

Three killed in central Israel attack, police launch manhunt

President Joe Biden said on Thursday he has chosen Karine Jean-Pierre to be White House press secretary, succeeding Jen Psaki and becoming the first Black and openly gay person to serve as the public face of a U.S.

U.S. Trade Representative Katherine Tai said on Thursday her agency's review of punitive tariffs on Chinese goods will be a "robust" consultative process that will collect a wide range of industry comments and assess potential economic impacts.

ValueAct Capital is backing Seven & i Holdings' new director candidates for the board, urging them on Thursday to focus more on the Japanese retailer's 7-Eleven convenience store chain while applauding its moves to overhaul governance and strategy.

Los Angeles prosecutors said on Thursday they would not file felony charges against the man accused of attacking comedian Dave Chappelle onstage.

A 23-year-old man accused of attacking comedian Dave Chappelle during a performance was charged on Thursday with four misdemeanor criminal counts after the city's district attorney declined to bring more serious charges.

Ukraine's farmers risk death in bomb-strewn fields

The parallels between the Federal Reserve's interest rate hikes of 1994-95 and the cycle now underway are becoming clearer, and policymakers are hoping for a similar outcome: no recession.