Page 951 - Reuters

US dollar drops, euro rises as markets look to ECB's policy meet

Money markets are pricing in about 70 basis points of interest rate tightening by December.

Global equities rise despite inflation forecasts, oil price climbs

Global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment.

Global traders to reduce Russian oil purchases from May 15: Report

By Julia Payne

India's March palm oil imports jump as Ukraine sunoil supplies halt

In March, 539,793 tonnes of palm oil landed in India, up from 454,794 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement

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