IBT Staff Reporter

As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price of hundreds of products as they compete for customers and set themselves up to do battle in negotiations with major packaged food makers.

Liverpool's 'mentality monsters' flex muscles to keep quadruple bid alive

German healthcare group Fresenius's first-quarter profit exceeded market expectations on Wednesday, driven by growth in its generic infusion drugs unit in emerging markets.

Barrick Gold Corp, on Wednesday doubled its quarterly dividend after beating Wall Street estimates for profit on the back of higher gold and copper prices.

EU targets Russian oil, patriarch in new sanctions

In east Ukraine, the war-weary listen out to stay alive

A long-awaited U.S. "open banking" rule that could dramatically boost consumer finance competition and increase Americans' access to financial services is being held up by privacy concerns, according to five people with knowledge of the matter.

The church of San Gioacchino in Rome is full of frescoes, mosaics, and intricate stained glass windows, but perhaps its real masterpieces are charcoal wall drawings hidden away in its attic.

Ukrainian supporters rally behind embattled Azov regiment

The Reserve Bank of India raised its key lending rate by 40 basis points to 4.40% on Wednesday to rein in rising inflation, catching markets by surprise with an unscheduled meeting of its monetary policy committee.

Inflation prompts surprise India interest rate hike

Comedian Dave Chappelle was attacked on stage on Tuesday night at the Hollywood Bowl in Los Angeles by an assailant who tackled him to the ground before being apprehended and arrested, video footage verified by Reuters showed.

The man accused of tackling comedian Dave Chappelle to the stage floor during a performance at the Hollywood Bowl in Los Angeles was charged on Wednesday with felony assault with a deadly weapon.

U.S. President Joe Biden Wednesday touted his administration's efforts at reducing the nation's budget deficit, seeking to draw a contrast with Republicans who oversaw growing deficits before he took control.

President Joe Biden sharply criticized former President Donald Trump's "MAGA" movement as extreme on Wednesday while touting his Democratic administration's efforts to reduce the U.S.

Hong Hao, a managing director and head of research at Bank of Communications International Holdings Co (BoCom International), has left the brokerage, a spokesperson for the firm told Reuters on Wednesday.

Moldova sees no imminent threat of unrest spilling over from the war in Ukraine despite "provocations" by pro-Russian separatists in recent days, but has been making contingency plans for "pessimistic" scenarios, President Maia Sandu said on Wednesday.

The dollar index pulled further away from 20-year highs on Wednesday, having already priced the U.S.

The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve meeting, as investors evaluated how much expected U.S.

The dollar fell in volatile trading against a basket of currencies on Wednesday after the Federal Reserve raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years.

The dollar fell to a one-week low against a basket of currencies on Wednesday after Federal Reserve Chairman Jerome Powell played down the prospect of a 75 basis point rate hike, even as he said the U.S.

Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected interest rate hike by the U.S.

U.S. and European equities mostly wavered on Wednesday while Treasury yields moved higher ahead of a widely expected Federal Reserve decision to hike interest rates and reduce liquidity to tame inflation rising at the fastest pace in 40 years.

U.S. stocks initially rose and Treasury yields trimmed gains on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance in June.

U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared.

Former Belarus leader Stanislav Shushkevich, the man who broke the news to Mikhail Gorbachev that the Soviet Union was being consigned to history, has died at the age of 87, Belarusian media quoted his wife as saying on Wednesday.

Social media threatening press freedom: Nobel laureate

OPEC+ is set to agree another small increase in production targets for June, delegates from the group say, as expectations that sanctions will crimp Russian output further counter demand growth concerns from Chinese lockdowns.

OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China's coronavirus lockdowns threatened the outlook for demand.