The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.

Turkish President Recep Tayyip Erdogan on Thursday launched a blistering attack on Turkey's central bank, causing a sharp fall in the value of the lira just ahead of a crucial rate decision.

The European Central Bank will not shirk from scaling back its crisis-fighting stimulus Thursday, analysts expect, even as trade tensions, emerging market woes and Italy bucking budget rules shade the economic outlook.

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.

The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines.

General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.

Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters.

New US claims for jobless benefits fell last week to their lowest level in nearly 49 years as employers struggled to fill open positions, the government reported Thursday.

China welcomed on Thursday a US offer to hold fresh trade talks, adding that the two are discussing the details, providing some hope the world's top two economies could step back from the brink of an all-out trade war.

Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday said they would launch a joint e-commerce venture in Russia and former Soviet countries.

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the "Made in China" label by shifting production to countries such as Vietnam, Serbia and Mexico.

Samsung Electronics Co Ltd opened its biggest mobile store in the world in India on Tuesday as it tries to take pole position in the world's second-biggest smartphone market amid fierce competition from Chinese brands.

India's top digital payments firm, Paytm, is betting on its local expertise and a deep pool of backers to fuel business growth and fight off global rivals in a rapidly growing market, its chief executive said on Tuesday.

Oil prices rose on Monday as US drilling stalled and investors anticipated lower supply once new US sanctions against Iran's crude exports kick in from November.

Argentine President Mauricio Macri's government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply.

Turkey's economic growth slowed to 0.9 percent in the second quarter, official statistics showed on Monday, with further declines expected as the impact of the slide in the value of the lira begins to show up in the data.

India's inflation likely eased below the Reserve Bank of India's medium-term target in August on softer food prices, a Reuters poll showed, raising the probability the central bank will keep interest rates on hold at its next rate review.

Gold prices edged lower for a second session on Monday as trade tensions between China and the United States helped to boost the dollar and weaken the yuan.

Heavy capital spending in the second quarter drove Japan's economy to its fastest growth since 2016, underscoring the view that capex continues to back the economy even as trade tensions and a string of natural disasters pose risks to the outlook.

Imran Khan's first speech to the nation after taking office as Pakistan's prime minister was impressive in its range of reforming ambition.