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European stock markets set for biggest quarterly drop since 2020

Asian shares fell and oil prices plunged following news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve

Ukraine expects Russian assault in east after troops pushed back near Kyiv

Ukrainian forces are preparing for new Russian attacks in the southeast region where Moscow's guns are now trained after its assault on the capital Kyiv was repelled, President Zelenskyy said

Reliance Group in letter defends its takeover of Future Retail stores

Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a letter shows

India electricity shortage in March worst since October coal crisis: Data

India's electricity shortage of 574 million units from March 1 to March 30 is the worst since October 2021, a Reuters analysis of government data showed.

IMF warns Russia sanctions can chip away dollar dominance: Report

Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, IMF's Gita Gopinath said

Asian stock markets ease, oil sinks as US weighs reserves release

MSCI's broadest index of Asia-Pacific shares outside Japan fe.ll 0.2%, led by a 0.7% drop for Hong Kong's Hang Seng. Japan's Nikkei fell 0.2%. Australia's resource-heavy index was up 0.4%.

Biden admin weighs largest ever draw from emergency oil reserve: Report

The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), reports Reuters

Shanghai urges patience as Covid cases drop for first time in 2 weeks

Shanghai authorities on Thursday appealed to residents to keep cooperating with tight curbs imposed to stop COVID-19 spreading

Euro holds at one-month high, yen set for worst month since 2016

The European single currency was at $1.1175 holding its highest in a month, having gained 1.7% so far this week.

China done with most airline crash search, working on preliminary report

China has completed the main search and rescue work at site of a China Eastern Airlines crash that killed 132 people last week and plans to complete a preliminary report

Ukraine preparing for new Russian offensive in the east, says Zelenskyy

Ukrainian forces are preparing for new Russian attacks in the east of the country as Moscow builds up its troops there after suffering setbacks near the capital Kyiv, President Zelenskyy said

US official warns India, others against increasing Russian oil imports

A significant increase in Russian oil imports by India could expose New Delhi to a "great risk" as the US prepares to step up enforcement of sanctions against Moscow, a senior official said

Profits at large global banks set to fall sharply due to M&A slowdown

That would mark their first quarter-on-quarter profit drop since the second quarter of 2020, according to Refinitiv.

Oil prices tumble over $5 a barrel as Biden weighs massive reserves release

Brent futures were down $4.71, or 4.2%, to $108.58 a barrel and U.S. West Texas Intermediate futures were down $5.45, or 5%, to $102.74 a barrel at 0035 GMT.

Euro rises vs dollar as eurozone inflation fans rate hike expectations

The dollar index, which measures the greenback against a basket of six peer currencies, was down 0.57% at 97.861 at 2:20 p.m. Eastern Daylight Time, having earlier touched its lowest level since March

Russia to keep gas contract currency unchanged in rouble switch: Report

President Vladimir Putin has said Russia, the world's top natural gas producer, will soon require "unfriendly" countries to pay for fuel in roubles, raising alarm about a possible gas crunch in Europe

Shanghai residents take to social media over lockdown, demand explanation

Shanghai's distribution of millions of self-administered antigen testing kits to detect cases quickly, which China only approved this month, has also sown some confusion and fear

Find rubles if you want Russian gas, says Kremlin spokesperson

All of Russia's big exports could soon be only in rubles, Kremlin doubles down on stance

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Ukraine missile hits Russian camp; new attacks near Kyiv, Chernihiv

The Kremlin on Wednesday also played down hopes of a breakthrough following peace talks between Russian and Ukrainian delegates in Istanbul a day earlier