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UK inflation hits 30-year high of 6.2% as finance minister readies response

Statistics Office highlighted household energy bills and petrol as the biggest drivers of inflation in February.

Global equities creep to 5-week highs, ignore selloff in bond markets

But the bulk the action was focused in the bond markets, with two-year US yields pausing for breath at a six-year high after a massive rise this month

Biden heads to Europe as Russia shells cities, besieged Mariupol burns

Biden, due to arrive in Brussels on Wednesday evening, will meet NATO and European leaders in an emergency summit at the Western military alliance's headquarters

Rupee gives up early gains as importers buy dollars; bonds steady

India imports more than 80% of its oil requirements and a rise in global crude prices can push up the country's trade deficit and hurt the rupee

Dollar flat as US President Joe Biden plans new sanctions against Russia

Oil Prices dipped on Tuesday as the European Union seems unlikely to agree to a ban on Russian oil which would also likely weigh on the euro

Gold prices steady as Ukraine worries counter bets on Fed rate hikes

Benchmark U.S. 10-year Treasury yields jumped to fresh highs since May 2019

Russia warns of possible payment delays for domestic Eurobond holders

Russia's National Settlement Depository (NSD) said that Russian holders of domestic corporate Eurobonds may see delays in receiving payments

Many Indians tighten belts as Ukraine war drives up prices of necessities

Higher prices from European conflict put economic recovery at risk; companies up prices to pass on higher costs of fuel, materials

Dutch bank ING to end financing for new oil and gas projects, say executive

The move by financial services firm raises pressure on peers to heed a call for a halt to funding for new fossil fuel projects.

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

Shanghai denies lockdown rumours as daily Covid-19 infections near 1,000

Authorities to stick with a 'slicing and gridding' approach to screen neighbourhoods one by one, rather than shut down entirely.

Putin plans to attend G20 summit, says Russia's ambassador in Indonesia

Russian President Vladimir Putin intends to attend a G20 summit being hosted by Indonesia later this year, Russia's ambassador in Jakarta said

Japan's 10-year bond yield rises one basis point to one-month high

Japan's 10-year bond yields tracked US Treasury peers higher on Wednesday, extending gains to hover near a level that prompted the Bank of Japan to step in

Hong Kong hopes to 'resolve' Covid flight-ban rule as frustration grows

Hong Kong is looking to amend its coronavirus travel restrictions that have largely sealed off the international business and tourism hub for two years to the growing anger of residents and businesses

Explainer: Can companies leaving Russia recoup losses through insurance?

Russia's ruling United Russia party said in early March it is considering a proposal to nationalize foreign-owned firms that leave the country.

Kaisa latest China developer to delay earnings results; shares fall

Company says a coronavirus lockdown in Shenzhen left audit work incomplete so it cannot publish financial results on time.

Japan PM Kishida to consider new stimulus to ease fuel spike blow: Report

Nikkei newspaper reports the government will likely tap 5.5 trillion yen ($45.41 billion) in reserves set aside under the fiscal 2022 budget.

China telecom firm ZTE exits 5-year probation after US court ruling

ZTE had been accused of violating probation over an alleged conspiracy to commit visa fraud.

Asian banks 'falling short' on decarbonisation efforts, new study finds

Banks in Asia are "falling short" when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their nations, a new study says

Sri Lanka sends troops to fuel stations, aims to restructure its debt

The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis