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India's Mahindra says deal to sell SsangYong Motor to Edison terminated

Indian carmaker Mahindra & Mahindra said on Thursday that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated

Brookfield to buy automotive software maker CDK Global for $6.41 billion

The purchase announced on Thursday gives the private equity firm a strong foothold in an industry estimated to reach $29.3 billion by 2026

Bond yields break 4-day rising streak, offer some respite to stocks

Bond yields slipped from multi-year highs on Thursday, offering some respite to equities after US Fed minutes released previous day reinforced the rate-hike momentum already priced into markets

Oil prices rise from three-week low as supply concerns linger

Japan will release 15 million barrels of oil from state and private reserves as part of the move, Kyodo news agency reported on Thursday

India's richest state reviewing bids in largest coal import tender in years

A utility owned by India's richest state Maharashtra is reviewing the "cost reasonability and financial viability" of the bids received for a two million tonne coal import tender

Shell to write down as much as $5 billion after Russia exit

The post-tax impairments of between $4 billion and $5 billion in the first quarter will not impact the company's earnings

China expects long-term capital inflows to return despite recent volatility

A number of foreign investment banks and research institutions pointed out heavier capital outflows from China after the start of Russia's invasion of Ukraine

Ukraine seeks 'ruinous' sanctions on Russia as Europe frets about energy

Washington announced new measures including sanctions on President Vladimir Putin's two adult daughters and a major bank

China warns US against House Speaker Nancy Pelosi visiting Taiwan

The possible visit has not been confirmed by Pelosi's office or Taiwan's government

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin

With its foreign exchange reserves shrinking quickly, massive debt payments due and the rupee currency slumping, analysts say the government is running out of options

Flipkart ups IPO valuation target to $60 bn, eyes 2023 US listing: Report

The main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further.

Oil gains $1 as emergency oil release seen as band-aid

Analysts said even with the emergency oil stocks release, supply remained tight.

Dollar buoyant as Federal Reserve readies to step up inflation fight

By Tom Westbrook

Asian shares slip on hawkish Fed, US dollar nears two-year peak

Minutes of the Fed's March 15-16 meeting released Wednesday, showed deepening concern among policymakers that inflation had broadened through the economy.

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

Gold steady as inflation, Ukraine worries counter US rate hike bets

Gold prices held steady after Wednesday's release of the minutes of the Federal Reserve meeting in March, as the metal's appeal as a safe haven

IEA confirms 120 million barrel oil release with United States

More details of specific contributions will be made public soon, IEA Executive Director Fatih Birol tweeted

Gold steadies as inflation jitters offset US interest rate hike bets

Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the US Federal Reserve

Oil slips as IEA nations ready big release from reserves

Oil futures edged lower on Wednesday following a surprising rise in US crude stocks and after news that large consuming nations would also release oil from reserves in conjunction with US

Hungary ready to pay for Russian gas in rubles, says Viktor Orban

Russian President Vladimir Putin has warned Europe it risks having gas supplies cut unless it pays in roubles as he seeks retaliation over Western sanctions for Moscow's invasion of Ukraine