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Mercedes-Benz bets on India's nouveau riche to drive luxury car sales

Global carmakers' biggest growth hurdle, however, is a shortage of semiconductors and logistics woes worsened by Russia's invasion of Ukraine

India to face more power cuts due to coal shortage, soaring demand

Power cuts could stifle industrial activity in Asia's third largest economy, just when economic activity was starting to recover after months of COVID-related lockdowns

Sri Lanka suspends external debt payments, says needs money for essentials

Street protests against shortages of fuel, power, food and medicine have gone on for more than a month

Impossible to isolate Russia, or hold it back: Putin warns the West

"The sanctions were total, the isolation was complete but the Soviet Union was still first in space," Putin said, according to Russian state television

UK jobless rate lowest since 2019, but inflation eats into pay

The jobless rate sank to 3.8% in the three months to February from 3.9% before, official figures showed, matching a rate last seen in late 2019 and one that has not been lower since 1974

Euro zone bond yields rise ahead of US inflation data

Thursday's ECB meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine

ED to summon former Xiaomi India head in investigation: Report

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

Indian Oil removes Russian Urals from latest tender, says report

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Oil rises as Shanghai eases some Covid curbs, OPEC warns of tight supply

Brent crude futures were up $2.98 or 3.03% to $101.46 a barrel, and U.S. West Texas Intermediate was up $3 or 3.18% to $97.29 a barrel at 0640 GMT. Both contracts had settled down around 4% on Monday.

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.

Dollar index back above 100 ahead of expected red-hot US inflation data

The dollar's gains have been most striking against the yen

Asia stocks wobble, dollar firm as markets wary before US inflation data

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%, after U.S. stocks ended the previous session with mild losses.

Oil opens higher as OPEC warns of tight supply and Russian sanctions loom

Brent crude futures were up 85 cents, 0.9%, to $99.33 a barrel, and U.S. West Texas Intermediate contracts were up $1.04, or 1.1%, to $95.33 a barrel at 0019 GMT.

US yields jump to three-year highs, stocks slide on CPI outlook

Technology shares, which have been underpinned by record low interest rates, fell 2% in Europe and 2.6% on Wall Street.

Not possible to replace potential Russian oil supply loss, OPEC tells EU

EU representatives pointed out that OPEC has a responsibility to ensure balanced oil markets

Record wheat crop, high stocks to help India meet rising global demand

India's new season wheat harvest is underway, with this year's production pegged at a record 111.32 million tonnes - making it the sixth season in a row that the country has produced a surplus.

Euro boosted by Macron lead in French election, dollar near two-year highs

U.S. Treasury yields have soared on expectations of more aggressive tightening by the Federal Reserve, boosting the greenback

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

HDFC Bank and international banks such as Citibank, JP Morgan, Deutsche Bank and Japan's Mitsubishi UFJ Financial Group have stopped opening and confirming Letters of Credit, say sources

Macron, Le Pen battle out on cost of living in heated runoff campaign

Macron, a pro-European centrist who became president in 2017 after easily beating Le Pen when voters rallied behind him to keep the far-right out of power, is facing a much tougher challenge this time

Palladium extends gains after London hub suspends trading from Russia

Newly refined Russian platinum and palladium was suspended from trading in London from Friday, denying access to the metals' biggest trade hub because of the conflict in Ukraine