Economy

Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs. 

Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.

Jerome Powell says the US central bank is undergoing a 'stress test' like other institutions in the current era.

Coffee chain has seen 'very significant' drop in sales after campaign that evoked crackdown, local operator says.

Watchdog instructs social media giant to strengthen moderation following circulation of 'grossly offensive' content.

Iran's shadow fleet uses fake flags and dark ships to evade the US naval blockade in the Strait of Hormuz.

Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway.