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Opec+ ministers agree on keeping oil output policy steady: Reports

OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) until the end of June to support the market

'Turmoil in exchange-traded FX options on forced position unwinding'

The premium on out-of-the-money dollar/rupee put options expiring on April 26 soared up to 250%, despite spot dollar/rupee inching up 0.04% to 83.4200

China solar industry faces challenges, but rock-bottom prices to persist

Overcapacity in China's solar industry is emblematic of the challenges facing the world's second-biggest economy

US senator urges Prez Biden to review alleged Nippon Steel ties to China

Nippon Steel said in a statement that Horizon's report was "rife with inaccuracies and misrepresentations"

Japan's economy recovers to full capacity, keeps rate hike prospects alive

The BOJ ended eight years of negative interest rates and other remnants of its unorthodox policy last month

'Goldilocks' economy to prompt RBI to keep rates on hold: Economists

As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk

High crude oil prices a cause for concern, India's oil secretary says

As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the "geopolitical premium" in crude prices

'No change in RBI's stance on underlying exposure to forex derivatives'

The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"

Yahoo acquires Instagram co-founders' AI-powered news platform Artifact

Earlier this year, Artifact said that it would wind down operations of its app as "the market opportunity isn't big enough to warrant continued investment"

Intel discloses $7 billion operating loss in 2023 for chip-making unit

Chief Executive Pat Gelsinger said 2024 would be the year of worst operating losses for the company's chipmaking business and that it expects to break even on an operating basis by about 2027

Here's why North Korea is testing hypersonic missiles and how do they work?

The United States, China, Russia and other countries have also been developing hypersonic weapons in recent years

Amid Tsunami threat, Japan issues evacuation advisory for coastal areas

The quake damaged buildings on Taiwan but casualty information was not yet available

China's services activity growth accelerates in March as new biz rise

Taken together with the upbeat Caixin manufacturing PMI, the Caixin/S&P's composite PMI rose to 52.7 last month from 52.5 in February. It marked the highest reading since May 2023

Australia outraged by death of aid worker in Israeli airstrike, says PM

The strike killed citizens of Australia, Britain and Poland as well as Palestinians and a dual citizen of the US and Canada

BYD hands back top EV seller title to Tesla after Q1 sales decline

Tesla's decline comes amid softer overall demand and a slowdown in the Chinese market where local rivals led by BYD upped the ante in a price war for buyers

US regulators probe role of asset managers BlackRock, Vanguard in banks

The move could add to a host of troubles for asset managers, which have often been criticized for exerting undue influence on the management of their portfolio companies

World Bank set to issue up to $1 billion in debut hybrid note this year

The G20 group of major economies has urged multilateral lenders to explore hybrid financing structures in a push to try

Amazon offers free credits for startups to use AI models like Anthropic

Amazon said it has offered over $6 billion in credits to startups in the past decade

Euro zone bonds track Treasuries sell-off, Italy spread hits one-month high

On Tuesday, data showed inflation fell in six economically important German states, while national figures showed domestic price pressures eased to their lowest in nearly three years

US yields hit multi-month peaks as solid data trims rate cut bets

The benchmark 10-year yield climbed to 4.405% , its strongest level since late November. It was last up 5 basis points (bps) at 4.379%