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US, European Union strike LNG deal to undercut Russian energy

The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia's invasion of Ukraine.

Russia's Gazprom seeks gas payments in euros from GAIL: Report

GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to annually buy 2.5 million tonnes of liquefied natural gas and has been settling trade with Gazprom in dollars

India could restrict sugar exports for first time in six years: Report

Govt wants to ensure ample supply during festive season, say sources; sugar companies' stocks slide

Jhunjhunwala-backed Akasa Air plans first commercial flight in June

The airline aims to have 18 aircraft within 12 months from launch and will have 72 planes in five years, says CEO Vinay Dube

Ukraine forces advance near Kyiv; Russia hints at scaled-back war aims

Moscow hinted it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists as Ukrainian forces went on the offensive, recapturing towns on outskirts of Kyiv

Russian forces cut off Ukraine's Chernihiv city, says mayor

City authorities had resorted to delivering water to districts in whatever containers they could find, while residents had to cook on open fires outside their homes

Ukraine crisis: Spotify says it will suspend service in Russia

The service is expected to end in early April, according to one person with knowledge of the situation

Gold prices head for weekly rise on safe-haven demand

Spot silver XAG= fell 0.3% to $25.44 per ounce, but was on track for a weekly rise of about 2%

Nasdaq leads Wall Street lower as tech stocks lose ground

S&P 500, Nasdaq eye second straight weekly gain; financial, energy among top S&P 500 weekly sectoral gainers

Dollar dips after two days of gains as commodity prices ease

The dollar index fell 0.112%, with the euro up 0.18% to $1.1016

Oil prices rebound after reports of fire at Saudi Aramco facility

A huge plume of black smoke was seen rising in Jeddah where oil giant Aramco has several oil facilities, witnesses said on Friday

Oil slips as Kazakh supply concerns ease, EU at odds on Russia embargo

Brent crude fell $1.29, or 1.1%, to $117.74 a barrel at 1049 GMT and U.S

Wall Street steadies as market focuses on rate outlook, Ukraine

Treasury yields rose as markets evaluated the possibility of bigger U.S. interest rates in store and the impact of Russia's war in Ukraine

Investors dump emerging market funds on slowdown worries

According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks

Euro edges higher as focus on Ukraine, yen rebounds vs dollar

The euro was edging higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range

Oil slips with some concerns easing over Kazakhstan's CPC terminal supplies

With global stockpiles at their lowest since 2014, analysts said the market remained vulnerable to any supply shock

Gold prices set for weekly gain as Russia-Ukraine conflict deepens

Rising tensions in Ukraine stoked geopolitical uncertainty and demand for safe-haven assets such as gold

When it comes to oil, the global economy is still hooked: An analysis

The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving for oil

World stocks set for consecutive weekly gains for first time in 2022

The broader dollar index took a breather on Friday but was on track for a small weekly gain

EU leaders to discuss ways to bring energy prices down: Belgium PM

Belgium's PM that European leaders would discuss measures to reduce the impact of high energy prices on consumers as the war in Ukraine was "ruining" the EU's population