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Sri Lanka president Rajapaksa will not resign despite protests: Minister

Sri Lanka's President Gotabaya Rajapaksa will not resign, a minister said on Wednesday, despite protests against his handling of the country's worst economic crisis

Shanghai eases child separation policy but extends Covid lockdown

The lockdown of China's most populous city, which started in parts of Shanghai 10 days ago and has since been expanded to confine practically all of its 26 million residents at home

'Go home': Protests leave Sri Lanka's ruling Rajapaksa dynasty teetering

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister

India's services sector expands at fastest pace so far this year in March

The S&P Global India Services Purchasing Managers' Index rose to 53.6 in March from 51.8 in February, beating the 52.5 estimate in a Reuters poll.

Oil price extends losses on higher dollar, US stock build

By Yuka Obayashi

Asian stocks skid, bond yields rise after hawkish Fed comments

By Daniel Leussink

China's services sector activity squeezed by surge in Omicron cases

Activity in China's services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand

Dollar rises towards 2-year high after Fed policy maker's comments

By Alun John

RBI to wait at least until August to raise repo rate: Economists

Inflation has held above the RBI's 6% upper threshold so far this year, casting doubt on its current strategy of keeping rates low to bolster growth

Global sovereign debt to rise almost 10% to new high in 2022: Report

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

Ukraine demands accountability for 'war crimes' as West prepares sanctions

Ukrainian President Volodomyr Zelenskyy told the United Nations Security Council on Tuesday that Russia must be held accountable for what he and many Western leaders have called war crimes

Big online companies face 0.1% supervisory fee under new EU rules

The move comes as the Commission seeks new sources of revenue to fire up the region's economic growth in the wake of the pandemic and also foster a greener and more digital economy

Wheat exports hit record 7.85 million tonnes in FY22, say traders

India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government, which is yet to issue wheat shipment data for the last 10 days of March

NTPC's annual coal imports in FY23 expected to hit 8-year high

India's top electricity producer NTPC Ltd's coal imports this financial year will be highest in 8 years despite near-record prices, as it looks to address domestic shortage, 2 senior officials said

Fed's Brainard sees rapid balance sheet runoff, rise to neutral

"I think we can all absolutely agree inflation is too high and bringing inflation down is of paramount importance," Federal Reserve Governor said at a conference at the Minneapolis Fed

Ukraine Prez tells top UN body to make Russia accountable for 'war crimes'

He questioned the value of the 15-member UN Security Council, which has been unable to take any action over Russia's Feb 24 invasion of Ukraine because Moscow is a veto power

Russian auto boomtown grinds to halt over Ukraine sanctions: Report

The PSMA Rus plant that is a joint venture between Stellantis and Mitsubishi and employs 2,000, may halt production soon due to a lack of parts, Stellantis' chief executive said last Thursday

Amazon lines up satellite launches to take on Elon Musk's Starlink

Together, they will provide capacity for the company to deploy the majority of its satellite constellation, the company said

World stocks fall, bond yields jump following Lael Brainard comments

The dollar index rose 0.3%, with the euro down 0.46% to $1.092

Oil steadies as coronavirus worries offset more Russia sanctions

Oil prices steadied in volatile trade on Tuesday as growing worries about coronavirus demand destruction offsets supply concerns as the US and Europe plan to impose new sanction on Russia