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An accelerating dollar slide could be a U.S. gift to its allies by helping them catch up with its impressive disinflation.

A look at the day ahead in European and global markets from Sonali Desai

VILNIUS, Lithuania -- The Taiwanese Representative Office in Lithuania sits on the top floor of a modern office building in central Vilnius. A river r

St. Louis Federal Reserve President James Bullard, a leading hawk at the U.S. central bank who pushed for aggressive interest rate hikes to curb high inflation, will leave the Fed regional bank next month to join Purdue University's business school.

Economic output fell 0.1% in May from April.

The South African rand was little changed in early trade on Thursday, as the previous day's rally lost steam before the release of local mining output figures.

Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates in the world's biggest economy are close to their peak.

Canada's main stock index opened higher on Thursday, with materials and technology stocks leading gains as risk sentiment prevailed after cooling U.S. inflation fueled bets that the Federal Reserve's interest rate hikes are nearing an end.

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Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday.