Page 902 - Reuters

Industry groups want G7 nations to align with climate ambitions: Report

A joint statement by B7 members to the G7 was presented by the German Federation of Industry (BDI) on the opening day of a three-day meeting of G7 environment, climate and energy ministers in Berlin

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.

'Vedanta to finalise $20-bn Indian chip, display unit site by mid-June'

Chairman Anil Agarwal said on the sidelines of the annual World Economic Forum the first phase of Vedanta's project will entail an investment of $2 bn

German economy dodges recession in Q1 despite Ukraine war, pandemic

The German economy grew in the first quarter, in line with expectations, despite difficult economic conditions caused by the war in Ukraine and the pandemic

WEF 2022: Govt has no immediate plan to lift wheat export ban, says Goyal

The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high.

Global MF investors could sell $350-bn worth equities this year: Barclays

MF investors have been net sellers of equities this month, for the first time since August 2020, though equity outflows are tiny compared to the record $1.3-trn inflows since 2020, Barclays said

Oil price edges higher on tight supply and expected demand uplift

By Rowena Edwards

Global stocks edge up before Fed minutes, dollar off one-month low

By Marc Jones

India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises

By Rajendra Jadhav

Gold set to snap 5-session winning run by stronger dollar ahead of Fed mins

By Bharat Gautam

India to start new sugar season with 6.2 million tonnes of stocks

On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes

Boris Johnson-led UK government on defensive as 'partygate' report looms

Boris Johnson's government went on the defensive as it awaited an official report into coronavirus lockdown-breaking parties at the UK prime minister's Downing Street office and residence

As Indonesia curbs exports, Indian palm oil imports could fall to 11-yr low

Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices and may lift soyoil imports to record highs and support U.S. soyoil futures price

China's PLA says conducted military exercise around Taiwan to warn US

China's military said on Wednesday it recently conducted an exercise around Taiwan as a "solemn warning" against its "collusion" with the United States

Tightening Covid net, Beijing deals out punishments, stark warnings

Shanghai, which is aiming for a June 1 complete exit from a stringent city-wide lockdown, is gradually and cautiously unwinding COVID curbs

Russia aims for stranglehold of Ukrainian troops around twin eastern cities

Russia is attempting to seize the separatist-claimed Donbas' two provinces, Donetsk and Luhansk, and trap Ukrainian forces in a pocket on the main eastern front

Fairfax-backed Digit Insurance targets $5 billion in IPO valuation: Report

Digit has appointed Morgan Stanley and Indian investment bank ICICI Securities as bookrunners for the deal

Power ministry seeks 2-year extension on deadline for emission norms

Power ministry has sought a two-year extension from the environment ministry for utilities to install emission cutting equipment, according to a power ministry letter

New Zealand raises interest rates 50 bps, signals more aggressive hikes

New Zealand's central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation

Singapore sees GDP at lower end of forecasts amid war, supply chain woes

The Southeast Asian financial hub is often seen as a bellwether for global growth as international trade dwarfs its domestic economy