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Dollar buoyant as Federal Reserve readies to step up inflation fight

By Tom Westbrook

Asian shares slip on hawkish Fed, US dollar nears two-year peak

Minutes of the Fed's March 15-16 meeting released Wednesday, showed deepening concern among policymakers that inflation had broadened through the economy.

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

Gold steady as inflation, Ukraine worries counter US rate hike bets

Gold prices held steady after Wednesday's release of the minutes of the Federal Reserve meeting in March, as the metal's appeal as a safe haven

IEA confirms 120 million barrel oil release with United States

More details of specific contributions will be made public soon, IEA Executive Director Fatih Birol tweeted

Gold steadies as inflation jitters offset US interest rate hike bets

Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the US Federal Reserve

Oil slips as IEA nations ready big release from reserves

Oil futures edged lower on Wednesday following a surprising rise in US crude stocks and after news that large consuming nations would also release oil from reserves in conjunction with US

Hungary ready to pay for Russian gas in rubles, says Viktor Orban

Russian President Vladimir Putin has warned Europe it risks having gas supplies cut unless it pays in roubles as he seeks retaliation over Western sanctions for Moscow's invasion of Ukraine

Airbus details output plans as first quarter deliveries climb 13%

Airbus is in the midst of planned production increases of single-aisle jets, but faces growing concern over manufacturing supply chains

Russian forces pound Ukraine cities as US announces tougher sanctions

Zelensky says rhetoric on sanctions not enough; US, EU set to ban new investment in Russia

Some Indian refiners set to cut May Saudi oil, snap up Russian barrels

State oil producer Saudi Aramco, the world's top oil exporter, has raised crude prices for all regions, with those to Asia hitting all-time highs

Nasdaq slides 2% as tech rout deepens ahead of Fed minutes

High-growth stocks, whose valuations stand to be pressured by higher bond yields, bore the brunt as the benchmark 10-year yield hit a three-year high

Gold subdued as robust dollar dims appeal; focus on Fed minutes

Gold prices were subdued on Wednesday in choppy trade as a robust dollar and the prospect the Federal Reserve could raise interest rates aggressively kept non-yielding bullion near a one-week low

Binance among investors to bail out victims of $615-mn heist

The Vietnam-based company Sky Mavis, which runs the game Axie Infinity, said last week it had been hit by one of the largest crypto heists on record

BPCL buys 2 million barrels of Russian Urals for May loading: Report

The state-run refiner regularly buys Russian Urals for its 310,000 barrels per day (bpd) Kochi refinery in southern India

World stocks slip, bonds hit multi-year highs as bets on US Fed action rise

Global share prices eased and US Treasury yields hit multi-year highs on Wednesday as investors bet that US Fed will couple shrinking of its balance sheet next month with a big interest hike

Elon Musk's Twitter bet gins up meme stock hype: An analysis

Musk's popularity with retail investors was one of the reasons why Twitter agreed this week to offer him a seat on its board of directors, people familiar with the matter said

Gold rebounds from one-week low over Russia sanction fears

Rising U.S. interest rates and higher yields increase the opportunity cost of holding non-yielding bullion, which is also used as a hedge against rising inflation

Toshiba investor 3D urges board to take three critical actions

3D's separate call for a private-equity buyout was rejected last month by just short of 55% of shareholders who voted

Average power price on Indian Energy Exchange hits 13-year high in March

Power demand during March rose at the fastest pace in three months, with electricity shortages the worst since October due to soaring temperatures and a sharp uptick in economic activity