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India allows power plants to blend imported coal with local grade

India's power demand has been rising with the revival of the economy after the lifting of COVID 19-induced restrictions.

JPMorgan's Dimon blasts bitcoin as 'worthless', due for regulation

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."

Oil prices increase for fourth day amid energy crunch

Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT

India's Everest Organics starts making ingredient for Merck's Covid pill

The Indian bulk drugs manufacturer joins Divi's Laboratories Ltd as an API maker for Merck's experimental oral drug

Asia shares dip on inflation worries, Evergrande jitters

China Evergrande Group on Tuesday missed its third round of bond coupon payments in three weeks

Govt warns states against selling power at high price on exchanges

Asia's third-largest economy is facing large-scale outages as several power plants have low coal inventories amid a sharp spike in global energy prices.

Evergrande misses bond coupon payments, intensifying contagion fears

Some bondholders said they did not receive coupon payments totalling $148 million on Evergrande's April 2022, April 2023 and April 2024 notes due by 0400 GMT on Tuesday

Oil slips, takes breather after gains driven by global energy crisis

Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains

Samsung's Jay Y Lee set to stand trial for alleged unlawful use of sedative

Lee is having to refocus on his legal troubles, with the Seoul Central District Court scheduled to hold its first hearing of a case in which Lee is suspected of receiving propofol

Poor countries' debt rose 12% to record $860 bn in 2020: World Bank

The World Bank has called for urgent efforts to reduce debt levels

Instagram testing feature to notify users of outage or issue inside app

Instagram said it is testing a feature to notify users of outages or technical issues directly on the photo-sharing app, days after two outages disrupted the social media giant's services

US shares drop as soaring oil prices stir inflation woes; Yen wilts

A rally in basic material and energy shares on higher oil prices initially lifted major U.S. stock indices

IMF executive board to back Georgieva in data-fixing scandal: Report

The board will issue a statement of support for Georgieva after a thorough review of allegations

Growth is biggest challenge for emerging economies: World Bank economist

"With growth comes jobs, with growth and jobs comes recovery."

Oil prices settle up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China

Facebook's oversight board to meet with whistleblower Frances Haugen

Facebook Inc's oversight board, said on Monday it would meet with former employee and whistleblower Frances Haugen in the coming weeks

Adani Ports to stop handling containers from Iran, Pak, Afghanistan

The decision comes weeks after Indian officials seized nearly three tonnes of heroin originating from Afghanistan worth an estimated Rs 20,000 crore

Brent crude trades near $85-mark; experts expect further rise

"Oil prices are likely to continue climbing in the short term," said Commerzbank analyst Carsten Fritsch

Surging oil prices lift material, energy stocks on Wall Street

US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98

Crude oil jumps to multi-year highs on global energy crunch

Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT, its highest since October 2018