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Chinese firms' $9 bn IPO plans stalled amid Covid outbreak, filings show

A wave of Chinese companies have halted domestic listing plans, filings show, as the country's biggest coronavirus outbreak in two years hampered due diligence and information gathering

US economic growth accelerates in Q4; corporate profits slow

For all of 2021, the economy grew 5.7%, the strongest since 1984, after the government provided nearly $6 trillion in pandemic relief

Italy's Generali becomes majority shareholder in India Life JV

Generali is in the midst of a power struggle with rebel shareholders challenging the board's plan to retain Chief Executive Philippe Donnet for a new term

Oil prices rebound on tight supply, prospects of new Russia sanctions

US West Texas Intermediate (WTI) crude futures rose $2.72, or 2.6%, to $106.96 a barrel, erasing a 1.6% drop on Tuesday

India cuts coal supply, puts hold on auctions as inventories slump

Coal India told Reuters that its supplies to the non-power sector were in line with its average over the "past few years", without elaborating

Global markets in Q1: Invasion and inversion shake world order

This week has also seen a dreaded - albeit brief - "inversion" of a key bit of the US bond yield curve that has been a precursor of economic recessions

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

Moscow has yet to describe how it will go about the switch, which the Kremlin indicated on Wednesday could extend to Russia's other exports

Intel CEO earned 1,711 times more than average company worker in 2021

Intel has asked shareholders to vote in favor of its executives' compensation at the annual stockholder's meeting on May 12

Russia says Ukraine willing to meet core demands, but work continues

Russia's lead negotiator said on Russian television that Ukraine had said in writing it was willing to give up its ambition of joining NATO, adopt 'non-bloc' status

Gold prices rise on weaker dollar, caution on Russia-Ukraine talks

Spot silver XAG= and platinum XPT= both rose 0.5% to $24.86 per ounce and $987.39 respectively

World stocks lose steam, bond markets suggest pain ahead for US economy

Market players said the signals coming from bond markets were at odds with the mood in equity markets

Shanghai expands Covid lockdown as new daily cases surge by a third

Several residents living in western districts on Tuesday received notice from their housing committees that they would be stopped from leaving their compounds for the next seven days

Citigroup to sell India consumer business to Axis Bank for $1.6 bn

The deal will include the transfer of about 3,600 Citi employees to Axis, and Citi expects the release of about $800 mn of allocated tangible common equity after the deal

Climate disasters pose growth threat in Middle East, Central Asia: IMF

The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world: IMF

Tyre companies Ceat, Apollo, Continental raided in antitrust probe: Report

India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations

India cuts coal supply, inventories slump as power demand surges

India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities

Relentless rains submerge Australian towns for second time in a month

Heavy rains deluged Australia's east coast on Wednesday, submerging roads and bridges, while tens of thousands fled their homes for the second time within weeks

Australia PM Morrison seeks to sell voters $6.46 bn of budget giveaways

Trailing in the polls, Australia's Liberal National government on Wednesday sought to sell A$8.6 billion ($6.46 billion) of budget giveaways as necessary to meet a cost of living emergency

Gold up as dollar, yields weaken; progress in Russia-Ukraine talks weighs

Spot gold was up 0.3% to $1,923.95 per ounce by 0210 GMT. U.S. gold futures rose 0.5% at $1,927.70.

Ukraine isn't naive, says Zelenskyy as Russia pledges to scale down attack

Ukraine reacted with skepticism to Russia's promise in negotiations to scale down military operations around Kyiv and another city