Page 961 - Reuters

Putin tells Europe: Pay in roubles or we'll cut off your gas supplies

Putin's decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply.

Audi and Porsche to enter F1, get green light from Volkswagen

There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing

Build or buy? Automakers chasing Tesla rethink dependence on suppliers

Becoming more vertically integrated by doing more manufacturing in-house represents a major shift for most global automakers, who have relied for decades on suppliers to produce critical parts, softwa

Pay in roubles or we'll cut off your gas: Putin tells Europe

Putin's move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a third of its gas supply.

Took steps to ensure biz continuity: RIL defends takeover of Future stores

Future Retail had earlier written to RIL over the takeover of its stores, according to three people in the know

Wall Street set for worst quarter since pandemic crash of 2020

The S&P energy index was set to record its best quarter ever as oil prices jumped to multi-year highs on concerns over tighter supplies due to the war and Western sanctions on Russia

Gold set for best quarter in nearly 2 yrs on Ukraine war, inflation woes

Spot gold was up 0.4% at $1,941.11 per ounce by 10:45 a.m. ET. For the month, bullion was up nearly 1.8%

Most Russian forces have left Chernobyl: Ukraine's state nuclear company

Ukraine has repeatedly expressed safety concerns about Chernobyl and demanded the withdrawal of Russian troops, whose presence prevented the rotation of the plant's personnel for a time

European stocks set for biggest quarterly drop since 2020

The MSCI World Equity index was down 0.3% on the day, while Europe's STOXX 600 eased 0.2% to sit just below a one-month high hit on Tuesday

Global fund managers turned more defensive in March: Poll

The March 21-31 survey captured this defensive strategy many fund managers adopted after the Russia-Ukraine war broke out

Toshiba's top shareholder would sell stake if Bain launches tender offer

The agreement with Singapore-based Effissimo, which owns about 9.9% of Toshiba, could potentially force Toshiba to revive talks for a private equity buyout

US does not want 'rapid acceleration' in Indian energy imports from Russia

India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February

Sri Lanka to turn off street lights in deepening economic crisis

The island of 22 mn people is struggling with rolling blackouts for up to 13 hours a day because the govt does not have enough foreign exchange for fuel imports

India's Oct-Dec current account deficit widens to 2.7% of GDP

In the preceding quarter, the shortfall stood at $9.9 billion or 1.3% of GDP, RBI data showed

Gold prices head for best quarter in six on Russia-Ukraine war

Bullion has gained about 5.2% this quarter as a Russia's invasion of Ukraine in late February drove gold to a near record high earlier this month

GFG Alliance appoints Tata Steel executive as chief investment officer

GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer

Shanghai residents rush to stock up as second stage of Covid lockdown looms

Many residents have vented frustration on social media with videos and images of crowded quarantine centres, while seeking help with medical treatment and buying food

Oil prices dive as US considers record reserve release of 180 mn barrels

Brent crude futures for May fell $4.87, or 4.3%, to $108.58 a barrel by 0855 GMT

India's March electricity shortage is the worst since coal crisis in Oct

The energy hungry nation has seen a surge in power demand in recent days, forcing India to cut coal supplies to the non-power sector

Sri Lanka to turn off street lights as minister says power cuts to extend

Sri Lanka is turning off its street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and gloom to its main stock market