- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
- Senegal looks to aquaculture as fish stocks dwindle
- Will AI one day win a Nobel Prize?
- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
- TotalEnergies plans to grow oil and gas production until 2030
- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
- Taiwan shuts down for second day as Typhoon Krathon to land
Euro slides as Fed chief steals ECB's rate hike thunder
The euro slid on Thursday despite a record interest rate hike by the European Central Bank as US Fed chief Jerome Powell made hawkish comments.
Meanwhile, the pound remained close to a 37-year low against the dollar that was struck Wednesday, as new British Prime Minister Liz Truss announced that she will freeze domestic fuel bills for two years to help ease the burden of a UK cost-of-living crisis.
The ECB warned Thursday that inflation was "far too high" and likely to stay above target for "an extended period" as it announced its record 0.75 percentage point hike.
ECB chief Christine Lagarde made clear interest rates were far from where they need be to bring inflation down.
"We actually took the decision today that we would continue to raise interest rates... because we believe that we are far away from the rate at which we hope we'll see inflation return to the two percent medium term target," she said.
Lagarde also warned the eurozone risks recession if Russia completely cuts off gas, which it has nearly done.
But comments by Fed chief Jerome Powell were seen as even more hawkish than those by Lagarde.
"We need to act now forthrightly, strongly as we have been doing and we need to keep at it until the job is done to avoid ... the kind of very high social costs" of the surge in inflation in the 1970s and 1980s, Powell told a US think tank.
- Greenback 'more attractive' -
Chris Beauchamp, chief market analyst at online trading platform IG, said "Investors clearly believe that the Fed is more committed to higher rates than the ECB, while the stronger economic performance of the US means the greenback and not the euro seems the more attractive prospect."
The euro, which had broken back above parity with the dollar, slid down as far as $0.9934 before recovering some ground.
The Fed has made it clear it plans to continue to aggressively raise interest rates to rein in surging inflation, even at the cost of causing some economic pain.
The dollar has moved ever higher against its major peers in recent weeks as investors flood into the currency hoping for better returns as the Fed raises rates and as they seek a haven in the face of economic turmoil.
The euro on Wednesday touched a fresh 20-year dollar low.
The US unit is closing in on a 32-year peak against the yen owing to the Bank of Japan's refusal to raise interest rates.
Observers expect the dollar to keep attracting strong interest as long as the Federal Reserve keeps ramping up US interest rates by sizeable amounts.
The Fed holds its next policy meeting on September 21, with a third successive 75-basis-point lift forecast.
In equities trading, eurozone stocks closed the day mostly higher, and Wall Street was also up in morning trading.
"It has been slow going, but stocks look like they are in a mood to continue yesterday’s rebound," said IG's Beauchamp.
"The selling of late August and early September seems to have been exhausted for now, although the broader outlook is still less than encouraging," he added.
- Key figures at around 1530 GMT -
New York - Dow: UP 0.5 percent at 31,736.76 points
EURO STOXX 50: UP 0.3 percent at 3,512.38
London - FTSE 100: UP 0.3 percent at 7,262.06 (close)
Frankfurt - DAX: DOWN less than 0.1 percent at 12,904.32 (close)
Paris - CAC 40: UP 0.3 percent at 6,125.90 (close)
Tokyo - Nikkei 225: UP 2.3 percent at 28,065.28 (close)
Hong Kong - Hang Seng Index: DOWN 1.0 percent at 18,854.62 (close)
Shanghai - Composite: DOWN 0.3 percent at 3,235.59 (close)
Euro/dollar: DOWN at $0.9960 from $1.0012 on Wednesday
Pound/dollar: DOWN at $1.1492 from $1.1535
Euro/pound: DOWN at 86.66 pence from 86.74 pence
Dollar/yen: UP at 143.94 yen from 143.79 yen
West Texas Intermediate: UP 1.7 percent at $83.29 per barrel
Brent North Sea crude: UP 1.0 percent at $88.87 per barrel
burs-rl/cdw
M.García--CPN