IBT Staff Reporter

India's rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and global flows into safe-haven U.S.

China deployed scores of planes and fired live missiles near Taiwan on Thursday in its biggest drills in the Taiwan Strait, a day after U.S.

China fired multiple missiles near Taiwan on Thursday in its biggest ever military drills in the Taiwan Strait, a day after U.S.

China fired multiple missiles around Taiwan on Thursday, launching unprecedented military drills a day after a visit by U.S.

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Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England's warning of a drawn-out downturn, which sent sterling tumbling versus the euro.

Wall Street stocks slipped on Thursday while Treasury yields eased with oil as recession worries intensified among investors following the Bank of England's warning of a drawn-out downturn, which nudged sterling to a one-week low.

Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro zone with a hefty hike in interest rates to quell inflation, saying Britain faces a lengthy recession.

Strong earnings at Credit Agricole and Lufthansa lifted stocks on Thursday as tension over Nancy Pelosi's visit to Taiwan eased and markets bet the Bank of England will hike interest rates by the largest amount since 1995 to quell inflation.

Asian stocks rose in a choppy session on Thursday as a bit of nervous tension over Nancy Pelosi's visit to Taiwan dissipated and as investors took cues from robust U.S.

Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.

Cuba announced it will begin purchasing on Thursday dollars and other convertible currencies at nearly five times the current rate in an effort to undercut the informal money market and capture the funds.

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Ukraine said on Thursday it had been forced to cede some territory in the east of the country in the face of a Russian offensive, and the head of the NATO military alliance said Moscow must not be allowed to win the war.

Ukraine said Russia had started creating a military strike force aimed at President Volodymyr Zelenskiy's hometown of Kryvyi Rih, while NATO moved closer to its most significant expansion in decades as the alliance responds to the invasion of Ukraine.

Two-thirds of Australia's Great Barrier Reef showed the largest amount of coral cover in 36 years, but the reef remains vulnerable to increasingly frequent mass bleaching, an official long-term monitoring programme reported on Thursday.

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The dollar weakened against most major currencies on Thursday as support from the Federal Reserve's hawkish messaging subsided and investors turned their attention to a hotly anticipated U.S.

The dollar eased against most major currencies on Thursday as support from the Federal Reserve's hawkish messaging subsided a day before hotly anticipated U.S.

The dollar edged down against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming.

The dollar held onto recent gains against other major currencies on Thursday, as more Federal Reserve officials reinforced the central bank's determination to slay the highest inflation in decades with aggressive interest rate hikes.

The dollar held onto recent gains on Thursday, helped by several U.S.

The dollar was on the front foot on Thursday, helped by several U.S.

BoE forecasts recession as inflation soars, unveils big rate hike

China fires missiles around Taiwan in major military drills

Oil prices fell on Thursday, with Brent touching $93.50 a barrel - the lowest since Feb.

Oil prices fell on Thursday, pressured by concerns economic weakness in the United States and Europe would cut demand, but prices seesawed as the market also considered tight supply.

Oil prices were broadly steady on Thursday as the market weighed tight supply against fears of a demand slowdown, after a build in U.S.

Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S.