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World Bank, IMF eye ways to link debt relief to climate change spending

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

Fed expects to keep supporting economy 'for some time,' minutes show

The median Fed policymaker projection for economic growth in 2021 was increased from 4.2% as of December to 6.5%, which would if achieved be the fastest rate of expansion since 1984

S&P closes slightly higher after Fed minutes feed stable rate view

The gains were minor and short-lived. Many market participants question whether the Fed will hold off so long on a rate hike

Some Indian states warn of vaccine shortage as Covid-19 cases peak

By Krishna N. Das and Rajendra Jadhav

Oil prices slip after surprise hefty build in US gasoline stocks

By Laila Kearney

Gold eases on swift recovery bets as focus turns to Fed Reserve minutes

Non-yielding bullion is highly sensitive to higher rates, as they increase the opportunity cost of holding gold and boost dollar and bond yields.

Gold price falls on swift economic recovery hopes; US Fed minutes eyed

Spot gold was down 0.4% to $1,737.09 per ounce by 0946 GMT. US gold futures slipped 0.3% to $1,737.70 per ounce

Oil prices decline despite prospects for stronger global economic outlook

Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports

Japan's Toshiba Corp considers $20 billion take-private deal: Report

Toshiba is considering a $20 billion offer from private equity firm CVC Capital Partners to take it private as the Japanese conglomerate faces pressure from activist shareholders to improve governance

India's Shilpa Medicare can make 100-200 million doses of Covid-19 shot

The company's shares jumped as much as 9.2% on India's National Stock Exchange following the news

Taiwan says India helped Paraguay get Covid vaccines after China pressure

Taiwan says China was 'flexing its muscles' with its vaccine diplomacy, in particular in South and Central America.

Nokia settles multi-year patent fight with Lenovo across all jurisdictions

Finland's Nokia has settled a multi-year patent fight with China's Lenovo Group, the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said

India's restaurant chain Barbeque-Nation falls in debut trade: Details here

Shares of Barbeque-Nation Hospitality fell 2% in their market debut on Wednesday, after the casual dining restaurant chain raised about Rs 4.53 billion through an IPO

Covid-19 slows India's services activity slightly in March: PMI report

Firms continued to bear elevated cost pressures but only passed some of it to consumers to stay competitive

Indian shares inch up ahead of central bank rate decision

Indian shares inched higher on Wednesday, ahead of a RBI decision that could leave interest rates at record lows, as a surge in coronavirus cases sparked fears about the impact on economic growth

Google AI scientist Bengio resigns after colleagues' firings: Details here

Though at least two Google engineers had earlier resigned to protest the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile employee yet to depart

Data on 530 mn users reported in leak 'scraped' before Sep 2019: Facebook

Facebook said a recently reported data leak affecting potentially 530 mn users stemmed from misuse of feature in 2019, and that the company had plugged the hole after identifying problem at the time

US job openings jump to two-year high in boost to labour market

By Lucia Mutikani

IMF favours global minimum corporate tax: Chief economist Gita Gopinath

Gopinath said current disparities in national corporate tax rates had triggered 'a large amount' of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues

Global Covid-19 death toll surpasses 3 mn amid new infections resurgence

According to a Reuters tally, it took more than a year for the global coronavirus death toll to reach 2 million