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Oil plunges over 7% on easing supply concerns, China Covid cases

The steep decline on Tuesday followed a statement from Russian Foreign Minister Sergei Lavrov, saying that Moscow is in favour of the 2015 Iran nuclear deal resuming as soon as possible

Amazon's demand for $200 million sank settlement talks with Future

Amazon has for months blocked the $3.4 billion sale of Future's retail assets to rival Reliance, announced in 2020, citing a breach of certain contracts

Protests flare in Sri Lanka as govt readies for IMF talks: Report

President Gotabaya Rajapaksa's government said it will begin talks next month with the International Monetary Fund for assistance

Warren Buffett's Berkshire Hathaway stock price reaches $500,000

The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States

Industrial metals slip on China Covid surge; aluminium prices shed 2.1%

Benchmark prices for aluminium shed 2.1 per cent to $3,252 per tonne in official trading activity, after sinking 4.7 per cent in the previous session

Wall Street climbs as oil prices slide, Fed in focus; Dow up 240 points

The S&P 500 was up 39.26 points, or 0.94%, at 4,212.37, and the Nasdaq Composite was up 148.51 points, or 1.18%, at 12,729.73

Dollar falls as lower oil prices, Ukraine talks boost euro, pound

By David Henry and Stefano Rebaudo

Russia-Ukraine crisis: Euro rises on hopes of progress in peace talks

By Stefano Rebaudo

EU approves new round of Russia sanctions targeting energy, steel, defence

The European Union formally approved on Tuesday a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods expo

H&M sales soar but shares slip on concern about Ukraine war impact

H&M earlier this month temporarily closed its stores in Russia, which last quarter accounted for 4% of group sales

Investors dump stocks, move to cash as growth outlook weakens: BoFA

Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.

Asia stocks extend losses as Ukraine war, China's Covid cases hit sentiment

Hong Kong's Hang Seng Index remained mired in negative territory Tuesday, dropping 4% following an almost 5% selloff a day earlier.

SoftBank execs to quit Paytm, Policybazaar boards as part of global plan

Japanese tech conglomerate expects it would have fewer regulatory issues to tackle with strategy.

US warns China against helping Russia as talks resume to end Ukraine war

Thousands have been killed in intense fighting and bombardments since Vladimir Putin ordered the invasion of Ukraine on February 24.

Japan imposes sanctions on 17 more Russians, including billionaire and MPs

Tokyo has also imposed sanctions on Russia's central bank and seven private banks, among other organisations.

Amazon accuses Future Retail, Reliance of 'fraud' in newspaper ads

Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance.

Oil falls over 5% on Russia-Ukraine talk hopes, China's travel ban

Oil prices fell more than 5% on Monday to lowest in nearly 2 weeks amid hopes for progress toward a diplomatic end to Russia-Ukraine war, while a Covid-linked travel ban in China cast doubt on demand

China's daily Covid-19 cases double as outbreak grows in northeast Jilin

China posted a steep jump in daily Covid infections on Tuesday, with new cases more than doubling from a day earlier to a two-year high as a virus outbreak expanded rapidly in the country's northeast

Oil falls and EU stocks rise on Ukraine peace hopes, US Treasury yields up

Oil prices fell and European stocks rose on Monday as investors weighed positive comments from ceasefire talks between Russia-Ukraine, while US Treasury yields hit two-and-a-half year highs

War could be over by 'no later than in May': Ukrainian presidential adviser

Exact timing would depend on how much resources the Kremlin was willing to commit to the campaign, says Oleksiy Arestovich.