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NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Shanghai residents angry over lockdown as city reports more Covid deaths

The city, battling China's biggest coronavirus outbreak so far, reported 12 new COVID-19 deaths on Friday, up from 11 a day before

Palm oil export ban will hurt other countries, but necessary: Indonesia FM

Sri Mulyani Indrawati said that with demand exceeding supplies, the ban announced is "among the harshest moves" the government could take after previous measures failed to stabilize domestic prices

Soyoil prices surge to record high as Indonesia bans palm oil exports

Loss of shipments from Ukraine, the world's top supplier of sunflower oil, and drought in the world's top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices

Plan to take full control of Donbas, South Ukraine: Russian general

Moscow says it is conducting a "special military operation" to demilitarise Ukraine

Reliance buys 15 mn barrels of Russian oil amid Ukraine war: Report

Western sanctions against Russia since its Ukraine invasion have prompted many oil importers to shun trade with Moscow.

Sri Lanka says India, World Bank consider $2 billion bridge finance

The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation

UN chief Antonio Guterres to visit Moscow on Tuesday, will meet Putin

The secretary-general's office is also working with Ukraine's government on scheduling and preparations for a visit to Russia's southern neighbor, the spokesperson said

World stocks hit five-week low, yields soar on Fed rate hike outlook

European Central Bank officials said on Thursday that the central bank might start hiking euro zone rates as early as July

MPC meeting minutes show controlling inflation now RBI's priority

The central bank earlier this month started to move away from its ultra-loose monetary policy.

Euro drops after ECB's mixed comments; dollar hits fresh 25-month high

ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook

Oil extends losses on weaker growth concerns and Shanghai lockdown

Ongoing support is provided by supply tightness after disruptions in Libya, which is losing 550,000 barrels per day (bpd) of output

UK allows gas payments to Gazprombank until May 31 to ensure EU supplies

The licence permits an individual or company to continue payments under contracts that began before April 21, 2022 and allows actions such as opening and closing bank accounts to make such payments

Carlos Ghosn 'surprised' by French international arrest warrant

The architect of the Renault-Nissan auto alliance has been fighting multiple probes since fleeing in late 2019 to Lebanon from Japan, where he faced separate financial misconduct allegations

Musk tears up buyout playbook with $46.5 bn Twitter financing

This will have an impact on Musk's returns, since debt secured against an acquired company can greatly amplify profits

Govt plans to raise nearly Rs 30,000 crore through mega LIC IPO

The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources

Dollar stands tall as US Federal Reserve eyes 50-basis-point hike

Federal Reserve Chairman Jerome Powell said on Thursday a 50-basis-point hike was on the table at its next meeting in May

India refiners skip Rosneft crude tenders on 'biased' terms: Reports

Rosneft on Wednesday issued tenders to sell a total of 6.5 million tonnes of Urals, Siberian Light, Sokol and ESPO Blend crude for loading in May-June and had asked for roubles and full prepayments.

Oil edges higher on concerns over Russia, Libya supply disruption

Buyers also reacted to ongoing interruptions in Libya, which is losing more than 550,000 barrels per day of oil output due to blockades at major fields and export terminals

Putin claims victory in Mariupol, US to send more guns and money

Ukraine offers to negotiate with Russia 'without any conditions' in city with 120,000 civilians blocked from leaving