An increase is "likely" this year, Carney said in the comments on the sidelines of the IMF meetings in Washington.

Don't bank on a UK rate hike yet

Bank of England governor Mark Carney said the UK should prepare for a few interest-rate increases, but one next month isn't a done deal.

Global supplies should come into balance with demand by the end of June, according to people with knowledge of data ...

Oil stalls as global glut shrinks

Oil's rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eliminated.

Commodity prices underline rate risks

Metal and oil prices are both soaring in tandem this week, with the moves helping to clarify to stock market investors that interest rates h...