The European Central Bank will take necessary action to bring inflation back to its 2% target, Bank of France Governor Francois Villeroy de Galhau said. Speaking to CNBC in Singapore, Villeroy de Galhau, a member of the ECB’s Governing Council, sought to reassure markets amid rising inflation conce»»»

Agencies Global markets were driven by a sharp repricing of risk as oil surged and the US dollar recovered amid escalating geopolitical tensions and mixed macro data. WTI crude rallied toward $111 on fears of supply disruptions linked to the US and Iran conflict and ongoing risks around the Strait »»»

The European Central Bank (ECB) kept its key interest rate unchanged at 2% on Thursday, joining the global peers as it warned that the ​war in Iran was clouding the outlook for growth and inflation in the eurozone. Oil and gas prices have jumped since the U.S.-Israeli attacks on Iran began, raising»»»