Page 943 - Reuters

UK consumer price inflation rises at fastest clip in 30 years

The annual inflation rate climbed to 7.0 per cent in March from 6.2 per cent in February, its highest since March 1992

India open to additional $2-bn aid for Sri Lanka with eye on China: Report

Sri Lanka, hit by its worst economic crisis since independence and on the brink of its first debt default, has been asking friendly nations including India and China for credit lines, food and energy

Inflation in Russia hits highest in more than 20 yrs amid Western sanctions

The central bank, which aims for annual inflation of 4 per cent, cut its key rate to 17 per cent from 20 per cent on Friday and said future cuts were possible

Govt's mandatory airbag proposal to hurt car sales: Maruti Suzuki chairman

India's road transport ministry is firm on its plan and is pushing automakers to agree to the rules, two sources told Reuters

Oil prices rise over 2% despite big US crude stock build

Brent crude was up $2.72, or 2.6%, to $107.36 a barrel by 12:52 p.m. (1652 GMT) U.S. West Texas Intermediate (WTI) crude futures gained $2.39, or 2.4%, to $102.99

WhatsApp wins nod to expand Indian payments service to 100 mn users: Report

WhatsApp has over the years told NPCI that there should be no cap on users of its payments service in India, its biggest market

Global equities waver on inflation view as falling oil supplies lift prices

Equity markets have suffered from hawkish moves from the world's top central banks in response to inflation, analysts said

Oil extends gains with falling supplies in focus as Ukraine talks fail

Russian President Vladimir Putin on Tuesday blamed Ukraine for derailing peace talks and said Moscow would not let up on what it calls a 'special operation' to disarm its neighbour

US dollar climbs to near 20-year peak vs yen as more Fed hikes loom

Against a basket of six major currencies, the dollar climbed to 100.52, the highest since May 2020, but was last little changed at 100.29

Wall St ticks higher as recovery in growth stocks offsets mixed earnings

Delta Air Lines jumps on profit forecast; BlackRock up after profit beats estimates, JPMorgan down after profit falls 42%

India allows state utilities to sell 25% allocated coal to other producers

India is likely to face more power cuts this year as utilities' coal inventories are at the lowest pre-summer levels in at least nine years

World Bank cuts India's FY23 GDP growth forecast to 8% from 8.7%

In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the bank said

US mortgage interest rates top 5%, buyers look to lock in rates

Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%

Nexo and Mastercard launch 'world first' crypto-backed payment card

It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream

Russia says over 1,000 Ukrainian marines surrender in Mariupol

Mariupol, which has been encircled by Russian troops for weeks, has seen the fiercest fighting and the most comprehensive destruction since Russia invaded on Feb. 24

JPMorgan's Q1 profit falls 42% on slowdown in deals, trading

The largest US lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 bn, or $2.63 per share, in the quarter ended March 31

Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others

The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said

Global gold prices inch higher as Ukraine conflict lifts safe-haven bids

Spot gold was up 0.2% at $1,970.21 per ounce, as of 0748 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday

Global shares pause on inflation view; oil steady on Ukraine talks

In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low

Oil prices edge higher amid worries over falling supplies

The International Energy Agency (IEA) on Tuesday said it expected Russian oil output losses to average 1.5 million bpd in April, with losses growing to close to 3 million bpd from May