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Iran ready to meet India's energy needs, says Tehran envoy

Iran used to be the second-largest oil supplier to India but New Delhi had to halt imports from Tehran after former U.S. President Donald Trump withdrew from the nuclear deal with Iran

India's oil imports surge as refiners boost runs to meet demand

Indian refiners typically buy oil two months ahead of processing. Refiners are raising runs to cash in on high margins to offset some of the losses incurred for selling fuels in the local markets.

High gold prices, Covid-19 spike dim lustre in top Asian hubs

Indian gold prices jumped to Rs 55,558 per 10 grams earlier this month, not far from the all-time high of Rs 56,191 hit in August 2020

Global equities rise, gold prices fall after Russia avoids default

The Russian finance ministry announced on Thursday that it had sent funds to cover $117 million in coupon payments on two dollar-denominated sovereign bonds that came due this week

Xi tells Biden Ukraine war should end, lays no blame on Russia

Xi told Biden that conflicts and confrontations were in no-one's interests, according to a Chinese foreign ministry statement

Dollar rebounds as Fed officials comment on rates; $ at 6-year high vs yen

By Caroline Valetkevitch

Fed hawks say more dramatic rate moves may be needed to tame inflation

Fed officials hiked interest rates this week for the first time in three years and signaled that more rate increases are coming

Gold set for worst week since November as safe-haven demand eases

'If there is a ceasefire or some sort of a deal, gold could drop fairly quickly,' said Edward Meir, analyst with ED&F Man Capital Markets

Wall Street update: Nasdaq, S&P rise on tech boost after Biden-Xi talks

FedEx falls on lower-than-expected quarterly earnings; Moderna up on seeking FDA authorisation for second booster

Putin tells mass rally that Russia will prevail in Ukraine

'We know what we need to do, how to do it and at what cost. And we will absolutely accomplish all of our plans,' Putin told a rally at Moscow's Luzhniki Stadium

Oil prices headed for weekly loss, but stay well above $100/barrel

Russia said an agreement had yet to be reached after a fourth day of talks with Ukraine during which some signs of progress had emerged earlier in the week

World stocks cling to week's gains, Biden talks Russia with Beijing

US stocks were also set for a pause, with trading on Wall Street likely to be bumpy due to 'triple witching' as investors unwind positions in futures and options contracts before expiry

'We are definitely in the middle of Covid pandemic': WHO spokesperson

Asked by a journalist at a Geneva media briefing about the timing of the pandemic's end, Margaret Harris said it was 'far from over'

Putin tells Scholz that Kyiv is stalling peace talks with Moscow

Moscow has previously said it was close to agreeing a formula that would keep Ukraine neutral, one of its key demands

IEA urges reduced transport to cut oil use amid supply crunch

By Noah Browning

Oil continues rally as Russia-Ukraine talks see slim progress

Brent crude futures rose $1.14, or 1%, to $107.78 a barrel at 1003 GMT, after surging nearly 9% on Thursday in the largest percentage gain since mid-2020

Gold slips on firmer dollar, heads for worst week since November

By Bharat Gautam

Russia-Ukraine conflict: Euro set for biggest weekly rise in six weeks

The dollar index paused for breath on Friday, recovering slightly to 98.18 after declining every other day this week, and was set for a 1% loss over the period

Chinese carrier sails through Taiwan Strait hours before Biden-Xi call

China claims democratically ruled Taiwan as its own territory, and has over the past two years stepped up its military activity near the island to assert its sovereignty claims

Ukraine war, inflation and oil cap world stocks' rebound as yields warn

Oil prices remained above $100 a barrel after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to crude supply