- Nice hand 'ashamed' Saint-Etienne 8-0 Ligue 1 mauling
- Boeing CEO says ending strike 'a top priority'
- Stock markets mostly fall after Fed-fueled rally
- Harris slams Trump for hypocrisy on abortion as US starts voting
- Academy to host first overseas ceremony to honor young filmmakers
- No doctor necessary: US okays nasal spray flu vaccine for self-use
- Gurbaz, birthday boy Rashid lead Afghanistan to 177-run rout of South Africa
- Former delivery man Baldwin leads star names at PGA Championship
- Trump shooting: Secret Service admits complacency
- Can an ambitious Milei make Argentina an AI giant?
- Haiti, its suffering growing, in 'race against time': UN expert
- Ibrahim Aqil, the Hezbollah elite unit commander wanted by the US
- Chinese forward Cui signs NBA contract with Brooklyn Nets
- US Fed dissenter calls for 'measured' pace of rate cuts
- Guardiola tells players to lead change over workload as Kompany demands cap on games
- Norway limits wild salmon fishing as stocks hit new lows
- Top Hezbollah commander killed in Israeli strike on Beirut
- Rotterdam fatal knife attacker suspected of 'terrorist motive'
- First early votes cast in knife-edge US presidential election
- Top-ranked Swiatek out of Beijing due to 'personal matters'
- Hard-right Reform UK looks to the future after vote success
- Embiid agrees to NBA contract extension with 76ers
- Joshua aims to complete road to redemption in Dubois bout
- World champion Bagnaia sets pace with lap record at Misano
- Biden says 'working' to get people back to homes on Israel-Lebanon border
- Pope criticises Argentina's crackdown on protesters
- Court limits screenings of videos in France mass rape case
- Gurbaz century takes Afghanistan to 311-4 in 2nd ODI
- Central banks face 'difficult balancing act': IMF chief
- McLaren's Norris sets Singapore pace as struggling Verstappen 15th
- Guardiola tells players to lead change over workload fears
- Paris Olympics sports equipment moves to new homes
- 'Happy' Kinghorn relishing life at Toulouse
- Norris sets Singapore pace as Verstappen only 15th
- 8 dead in Israeli strike, source says Hezbollah commander killed
- Germany to bid to host women's Euro 2029
- Portugal brings deadly forest fires under control
- Postecoglou defends Solanke after slow start to Spurs career
- US nuclear plant Three Mile Island to reopen to power Microsoft
- Arteta urges Arsenal to take next step in Man City showdown
- Stock markets fall after Fed-fuelled rally
- Top Hezbollah commander 'killed' in Israel strike
- Poland charges Russian over attack on Navalny ally: prosecutors
- Man City have rest 'advantage' in Arsenal showdown: Guardiola
- Maresca has 'no doubt' in Jackson as Chelsea's number nine
- EU chief announces 35 bn euro loan plan for Ukraine before winter
- From TikTok to Hollywood, the irresistible rise of Italy's Khaby Lame
- Verstappen punished for swearing in Singapore press conference
- Sri Lanka lead by 202 in first New Zealand Test
- Brook 'not too fussed' by England's batting in heavy Australia loss
Oil surges back up on Russia tensions
Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders tracking interest rate decisions, the Ukraine conflict and China's pledge to support volatile markets.
The price of benchmark oil contract, Brent North Sea crude, jumped more than five percent to return above $100 per barrel after Russia rejected a ruling from the UN's top court to suspend its Ukraine offensive.
"Russia's invasion is still dictating price action... given the country's global importance in terms of supply," Interactive Investor analyst Victoria Scholar told AFP.
The fallout from the war in Ukraine could cut global economic growth by "over one percentage point" in the first year after the invasion, the OECD grouping of developed economies said in a report.
The impact "if sustained" would produce "a deep recession in Russia" and further increase global consumer price inflation by approximately 2.5 percentage points, it added.
The warning came as Russia's finance ministry said it had carried out interest payments on two foreign bonds, avoiding default for now after it was hit by unprecedented Western sanctions over Ukraine.
- Central banks -
Central banks were in focus again on Thursday as the Bank of England (BoE) raised its main interest rate by a quarter point, following the US Federal Reserve's decision to do the same the day before.
The hike, widely anticipated by analysts, was the BoE's third straight rate rise as it battles with decades-high UK inflation.
"The global economy faces elevated levels of inflation because of various factors, including from surging energy and commodity prices," said Fawad Razaqzada, analyst at ThinkMarkets.
US markets were slightly down shortly after opening, as the market came to terms with the Fed's decision on Wednesday.
The Dow Jones Industrial Average and the S&P 500 slipped 0.4 percent, while the tech-heavy Nasdaq lost 0.9 percent.
In Asia, Hong Kong's main stocks index closed with another massive gain, as investors pile back in after China's pledge to support markets.
The Hang Seng surged seven percent, a day after a nine-percent jump.
Another blistering surge in tech firms helped Hong Kong extend its recovery from the recent rout, while traders also cheered soothing comments on the US economy by the Fed.
China's top economic official has vowed measures to support beaten-down markets and indicated that a debilitating crackdown on the technology sector was nearing its end.
"The statement addressed so many issues on various fronts, which is really rare," said Ding Shuang at Standard Chartered.
"Selloffs tended to be self-fulfilling partly because of the lack of response from the government," but part of the government's aim is likely to break that inertia and stabilise expectations, he added.
- Key figures around 1330 GMT -
Brent North Sea crude: UP 7.0 percent at $104.74 per barrel
West Texas Intermediate: UP 6.7 percent at $101.43 per barrel
London - FTSE 100: UP 0.5 percent at 7,330.50 points
Frankfurt - DAX: DOWN 1.3 percent at 14,249.45
Paris - CAC 40: DOWN 0.6 at 6,552.16
EURO STOXX 50: DOWN 1.1 percent at 3,846.99
New York - DOW: DOWN 0.4 percent at 33,939.45
Hong Kong - Hang Seng Index: UP 7.0 percent at 21,501.23 (close)
Tokyo - Nikkei 225: UP 3.5 percent at 26,652.88 (close)
Shanghai - Composite: UP 1.4 percent at 3,215.04 (close)
Euro/dollar: UP at $1.1060 from $1.1038 late Wednesday
Pound/dollar: DOWN at $1.3106 from $1.3148
Euro/pound: UP at 84.41 pence from 83.90 pence
Dollar/yen: UP at 118.77 yen from 118.73 yen
K.Brown--BTB