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UK inflation hits 30-year high of 6.2% as finance minister readies response

Statistics Office highlighted household energy bills and petrol as the biggest drivers of inflation in February.

Many Indians tighten belts as Ukraine war drives up prices of necessities

Higher prices from European conflict put economic recovery at risk; companies up prices to pass on higher costs of fuel, materials

Dutch bank ING to end financing for new oil and gas projects, say executive

The move by financial services firm raises pressure on peers to heed a call for a halt to funding for new fossil fuel projects.

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

Shanghai denies lockdown rumours as daily Covid-19 infections near 1,000

Authorities to stick with a 'slicing and gridding' approach to screen neighbourhoods one by one, rather than shut down entirely.

Putin plans to attend G20 summit, says Russia's ambassador in Indonesia

Russian President Vladimir Putin intends to attend a G20 summit being hosted by Indonesia later this year, Russia's ambassador in Jakarta said

Japan's 10-year bond yield rises one basis point to one-month high

Japan's 10-year bond yields tracked US Treasury peers higher on Wednesday, extending gains to hover near a level that prompted the Bank of Japan to step in

Hong Kong hopes to 'resolve' Covid flight-ban rule as frustration grows

Hong Kong is looking to amend its coronavirus travel restrictions that have largely sealed off the international business and tourism hub for two years to the growing anger of residents and businesses

Explainer: Can companies leaving Russia recoup losses through insurance?

Russia's ruling United Russia party said in early March it is considering a proposal to nationalize foreign-owned firms that leave the country.

Kaisa latest China developer to delay earnings results; shares fall

Company says a coronavirus lockdown in Shenzhen left audit work incomplete so it cannot publish financial results on time.

Japan PM Kishida to consider new stimulus to ease fuel spike blow: Report

Nikkei newspaper reports the government will likely tap 5.5 trillion yen ($45.41 billion) in reserves set aside under the fiscal 2022 budget.

China telecom firm ZTE exits 5-year probation after US court ruling

ZTE had been accused of violating probation over an alleged conspiracy to commit visa fraud.

Asian banks 'falling short' on decarbonisation efforts, new study finds

Banks in Asia are "falling short" when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their nations, a new study says

Sri Lanka sends troops to fuel stations, aims to restructure its debt

The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis

Wall Street rises as bank shares rally, Nike boosts Dow Jones

Nine of the 11 major S&P sectors were up in early trading with financials and consumer discretionary rising the most.

Omicron sub-variant BA.2 makes up about 35% of Covid variants in US

As of March 20, the seven-day moving average of US Covid-19 cases was 27,786, down 17.6% from a week earlier.

China searches for survivors from plane crash with cause still unclear

Flight MU5735 was headed on Monday for the port city of Guangzhou from Kunming, capital of the southwestern province of Yunnan

Zomato faces backlash after announcing plans to deliver food in 10 minutes

Food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service

China Eastern crash could set back Boeing's China recovery, return of MAX

China was the first country to ground 737 MAX after fatal crashes in Indonesia and Ethiopia more than three years ago, and it is the only major market where the MAX has not resumed commercial flights

Goldman sees Fed Reserve hiking rates by 50 bps at May, June meetings

Goldman Sachs expects the US Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following hawkish remarks by the central bank's chair Jerome Powell.