Page 949 - Reuters

IEA to release 120 million oil barrels over next six month period

The International Energy Agency (IEA) on Thursday confirmed member country contributions to the second collective action to release oil stocks in response to Russia's invasion of Ukraine.

Meta targets finance with 'Zuck Bucks', creator coins: Report

Meta's crypto-currencies, internally dubbed 'Zuck Bucks', are intended for the metaverse and may not be based on blockchain, the FT report said, citing sources

Russia says Ukraine gave 'unacceptable' draft peace proposal

In Brussels, Ukrainian Foreign Minister Dmytro Kuleba urged Nato to provide more weapons

Dissolution unconstitutional: Pakistan SC orders no-trust vote on April 9

The parliament ruling is "declared contrary to the constitution and the law," Chief Justice Umar Ata Bandial said of the unanimous verdict

New Sri Lanka central bank boss calls monetary policy meet on Friday

Nandalal Weerasinghe, a former senior deputy governor of the Central Bank of Sri Lanka who has worked with the IMF, will replace Cabraal on Thursday

India's Mahindra says deal to sell SsangYong Motor to Edison terminated

Indian carmaker Mahindra & Mahindra said on Thursday that a deal to sell its bankrupt unit, SsangYong Motor Co, to South Korean electric carmaker Edison Motors Co had been terminated

Amazon to face shareholder vote on treatment of warehouse workers

The decision means Amazon investors will get to vote on the issue for the first time, proponents said

Wall Street slips on hawkish Fed; banks, industrials top losers

The Dow Jones Industrial Average was down 217.37 points, or 0.63%, at 34,279.14

Brookfield to buy automotive software maker CDK Global for $6.41 billion

The purchase announced on Thursday gives the private equity firm a strong foothold in an industry estimated to reach $29.3 billion by 2026

Bond yields break 4-day rising streak, offer some respite to stocks

Bond yields slipped from multi-year highs on Thursday, offering some respite to equities after US Fed minutes released previous day reinforced the rate-hike momentum already priced into markets

Oil prices rise from three-week low as supply concerns linger

Japan will release 15 million barrels of oil from state and private reserves as part of the move, Kyodo news agency reported on Thursday

India's richest state reviewing bids in largest coal import tender in years

A utility owned by India's richest state Maharashtra is reviewing the "cost reasonability and financial viability" of the bids received for a two million tonne coal import tender

Shell to write down as much as $5 billion after Russia exit

The post-tax impairments of between $4 billion and $5 billion in the first quarter will not impact the company's earnings

China expects long-term capital inflows to return despite recent volatility

A number of foreign investment banks and research institutions pointed out heavier capital outflows from China after the start of Russia's invasion of Ukraine

Ukraine seeks 'ruinous' sanctions on Russia as Europe frets about energy

Washington announced new measures including sanctions on President Vladimir Putin's two adult daughters and a major bank

China warns US against House Speaker Nancy Pelosi visiting Taiwan

The possible visit has not been confirmed by Pelosi's office or Taiwan's government

Sri Lanka must restructure $1 bn debt, needs stability: Outgoing finmin

With its foreign exchange reserves shrinking quickly, massive debt payments due and the rupee currency slumping, analysts say the government is running out of options

Flipkart ups IPO valuation target to $60 bn, eyes 2023 US listing: Report

The main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further.

Oil gains $1 as emergency oil release seen as band-aid

Analysts said even with the emergency oil stocks release, supply remained tight.

Dollar buoyant as Federal Reserve readies to step up inflation fight

By Tom Westbrook