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CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

Indian regulations mandate that companies raising debt appoint a so-called 'debenture trustee' to protect the interests of investors.

Sri Lanka president Rajapaksa will not resign despite protests: Minister

Sri Lanka's President Gotabaya Rajapaksa will not resign, a minister said on Wednesday, despite protests against his handling of the country's worst economic crisis

Pakistan court to hear PM Imran Khan's defence of blocking ouster

Khan, a former cricket star, lost his parliamentary majority last week and had been facing a no-confidence vote tabled by the opposition that he was expected to lose on Sunday

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

Euro slips to month-low as West prepares new Russia sanctions

The dollar index, which measures the greenback against six peers, rose 0.12% to 99.600, after touching its highest since May 2020 of 99.759

Oil futures rise as new Russia sanctions outweigh demand worries

Proposed EU sanctions, which the bloc's 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

US, allies prepare new sanctions against Russia after Bucha killings

"The humanitarian situation in the city is worsening," British military intelligence said on Wednesday.

Sri Lankan doctors to stage protests after hospitals run out of drugs

People have been suffering from shortages of fuel, power, food and other items for weeks, and doctors say the entire health system could now collapse

World must act to stop 'mass murder' in Ukraine says UK health minister

"I don't want to be commemorating another genocide in Europe years from now. We have the power, the world has the power to stop this, and it must act," Javid said.

Shanghai eases child separation policy but extends Covid lockdown

The lockdown of China's most populous city, which started in parts of Shanghai 10 days ago and has since been expanded to confine practically all of its 26 million residents at home

'Go home': Protests leave Sri Lanka's ruling Rajapaksa dynasty teetering

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister

India's services sector expands at fastest pace so far this year in March

The S&P Global India Services Purchasing Managers' Index rose to 53.6 in March from 51.8 in February, beating the 52.5 estimate in a Reuters poll.

Oil price extends losses on higher dollar, US stock build

By Yuka Obayashi

Asian stocks skid, bond yields rise after hawkish Fed comments

By Daniel Leussink

China's services sector activity squeezed by surge in Omicron cases

Activity in China's services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand