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Euro rallies ahead of ECB meet, Poland's zloty and Hungary's forint surge

Sterling rose 0.4% against the dollar to $1.3148, Poland's zloty jumped 1.8% against the greenback to 4.3808 and Hungary's forint surged 2.8% to 345.80.

Gold, palladium retreat from highs but Ukraine crisis looms

Key equity indices rebounded as investors picked up beaten-down stocks following a recent rout sparked by fears about growing Western sanctions on Russia for its invasion of Ukraine

Ukraine warns of radiation leak risk after power cut at Chernobyl plant

The plant was captured by Russian forces after the Kremlin launched a full-scale invasion of Ukraine on Feb. 24

Scant progress evacuating Ukrainians despite Russian ceasefire promise

Situation in Mariupol 'apocalyptic', says Red Cross; previous efforts to evacuate besieged cities have failed

Oil falls towards $125 as investors weigh US ban on Russian oil imports

A view that the US ban of Russian oil imports may not worsen shortages kept a lid on prices, traders said, as did talk that Ukraine was no longer seeking NATO membership

Euro edges up 0.5% against the dollar ahead of ECB meeting

Other European currencies such as Poland's zloty and Hungary's forint rebounded from record lows against the euro, both supported also by their central banks' sharp interest rate hikes on Tuesday.

European stocks open higher as investors weigh up oil ban's impact

Western sanctions have cut Russia off from global trade and financial markets in response to its invasion of Ukraine, and oil prices only edged higher after the US ban

Oil rises towards $130 as Russian crude struggles to find buyers

The United States on Tuesday imposed a ban on Russian oil imports, Britain said it would phase them out and Shell said it would stop buying Russian crude

Dr. Reddy's plans 'business continuity' in Russia despite Western pullout

Indian pharmaceutical major Dr. Reddy's Laboratories Ltd said on Wednesday it was focused on employee safety and business continuity in and around Russia

Australia's east coast floods to be declared a national emergency: PM Scott

Floods that have devastated Australia's east coast will be declared a national emergency, PM Scott Morrison said on Wednesday, as authorities look to deploy aid and urgent supplies to worst hit areas

Hong Kong's zero-Covid fight takes mental toll on society: Experts

Infections have surged to record highs with more than 500,000 infections and more than 2,500 deaths most of which have been in the past two weeks.

Spotlight falls on natural gas amid energy transition debate & geopolitics

On the third day of the world's biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy

China Feb factory inflation eases, spotlight on global commodities

China's factory inflation in Feb eased to the slowest annual pace in eight months, but analysts expect a pick-up in the coming months from surging prices of global commodities including oil

Russia promises safe corridors for Ukraine refugees to flee battered cities

Russia said it is ready to provide humanitarian corridors on Wednesday for people fleeing Kyiv and 4 other Ukrainian cities, as the number of refugees surpass 2 million

US investigates options trade gained on Microsoft-Activision deal: WSJ

US probes large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc shares in January, days before the videogame maker agreed to be acquired by Microsoft

War-driven oil price hikes to cut growth for big importers: World Bank exec

Persistent high oil prices prompted by Ukraine invasion could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and Turkey

Cathay Pacific narrows annual loss on cost cuts and strong cargo demand

Hong Kong's Cathay Pacific Airways Ltd posted on Wednesday an annual loss of HK$5.5 bn ($703.45 mn), narrowing from prior year's HK$21.65 bn, thanks to cost-cutting efforts and strong air cargo demand

Hong Kong to focus Covid resources on elderly, strengthen medical treatment

Hong Kong leader Carrie Lam announced measures targeted at elderly residents as surge of Covid-19 cases sweeps through care homes with deaths rapidly climbing among city's unvaccinated seniors

As Russia attacks Ukraine, China eyes Indo-Pacific: Australian intelligence

A "troubling new strategic convergence" between Beijing and Moscow has developed and the risk of "major power conflict" had grown since Russia invaded Ukraine, Australia's intelligence chief said

Fitch cuts Russia's rating further into junk, says debt default is imminent

Fitch on Tuesday downgraded Russia's sovereign rating by six notches further into the junk territory to 'C' from 'B'