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Most Asian stocks and currencies erased early gains on Thursday, as investors shifted focus towards the possibility of a global recession after briefly cheering a 75 basis point interest rate hike by the U.S. Federal Reserve in a widely expected move.

Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market rather but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday.

(RTTNews) - British consumer goods major Reckitt Benckiser Group PLC will supply 4.5 million pounds of base powder that will be used to produce about 5.7 million cans of infant formula to meet the supply shortage, the U.S. Food and Drug Administration said.

Japan's government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the prospect of government financing tangles down the track.

Japanese stocks saw foreign inflows in the week ending June 10 for the third time in a row as automobile shares climbed because of a weaker yen, while energy shares surged on higher oil prices.

The Swiss National Bank raised its policy interest rate for the first time in 15 years on Thursday, joining other central banks in tightening monetary policy to fight resurgent inflation and sending the safe-haven franc sharply higher.

The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

Iranian authorities have seized a vessel carrying 90,000 litres of smuggled fuel in the waters around Kish Island in the Gulf, Iranian state news agency IRNA reported on Thursday.

Food price inflation in Britain is likely to peak at up to 15% this summer and high levels will persist into 2023, industry researcher the Institute of Grocery Distribution (IGD) said on Thursday.

Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London's competitiveness, or stray from global standards, a UK parliamentary committee report said on Thursday.

Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply?

The Bank of England looks set to override its worries about a sharp slowdown in the British economy and raise interest rates again on Thursday as it tries to tackle an inflation rate on course for double digits.

(RTTNews) - The South Korea stock market has finished lower in seven straight sessions, sinking more than 220 points or 8.4 percent along the way. Now at a fresh 19-month closing low, the KOSPI rests just beneath the 2,450-point plateau although it's due for bargain hunting on Th

Oscar-winning actor Kevin Spacey is due to appear in a British court on Thursday to face allegations of sex offences after he was charged by London police earlier this week.

A large majority of Japanese companies support both restarting idled nuclear reactors and this month's resumption of foreign tourism, a Reuters survey showed, highlighting broad approval for two measures seen as likely to ease strain on the economy.

New Zealand's gross domestic product (GDP) declined 0.2% in the first quarter from the previous quarter due in part to a decline in the primary industries sector, official data showed on Thursday.

Global stocks rallied and government bond yields and the dollar retreated from multi-year highs on Wednesday as investors cheered the Federal Reserve's decision to raise interest rates by three-fourths of a percentage point, the biggest increase since 1994.

What happened Waterdrop (NYSE: WDH) was down on an otherwise up Wednesday for stocks. The insurance provider released its latest set of quarterly results, and investors were none too pleased. They sent Waterdrop's stock to a more than 4.4% decline on the day.

Australian shares are likely to edge higher on Thursday, tracking gains on Wall Street after the U.S. Federal Reserve, which hiked interest rates by 75 basis points, said the pace of policy tightening in the future would be more moderate.

What happened One of the more encouraging moves a publicly traded company's managers can make is to buy stock in their own business. That was the dynamic behind the 4%-plus stock pop of retailer American Eagle Outfitters (NYSE: AEO) on Wednesday.