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Ukraine crisis could disrupt India's spending plans, recovery: Report

ebruary's budget was based on an average oil price of $75 to $80 a barrel for the fiscal year starting from April 1, but Brent briefly soared on Monday to nearly $140, its highest in over a decade.

World stocks at 1-year lows on inflation shock worries; gold shines

International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.

Euro near 22-month lows as Ukraine crisis grips

The euro regained ground on the day after five sessions of declines, but is still trading near a trough of $1.08060 on Monday - its lowest since March 2020

Indians stock up cooking oil, fuel, fearing shortages amid Ukraine war

India imports more than 90% of its sunflower oil from Russia and Ukraine, though sunflower oil accounts for about 14% of its total edible oil imports.

IOC's June oil imports to be via tenders after snap 9 mn bbl deal: Report

On Friday, IOC purchased 9 million barrels of crude which are expected to be delivered in May.

Putin is a spent force after Ukraine war; his army is done: UK minister

Russia's offensive in Ukraine, which the Kremlin calls a 'special military operation', is continuing but at a significantly slower pace.

Civilians set to start leaving Ukrainian city of Sumy: Deputy PM Vereshchuk

Civilians will start leaving the besieged Ukrainian city of Sumy on Tuesday under an agreement with Russia on the establishment of a humanitarian corridor, Ukrainian Deputy PM Iryna Vereshchuk said

Ukraine crisis could force govts to step up bloated fossil fuel subsidies

Even before Russia's invasion of Ukraine, rising energy costs had triggered a wave of subsidies despite countries agreeing to rein them in.

Diversity improves but it's still a man's world at top of Europe's banks

25 biggest banks by assets have seen 22 changes in chief executive and chair over the past two years: Twenty-one of those 22 jobs went to men.

Hong Kong's priority is to cut coronavirus infections, deaths: China

Hong Kong needs to stick to its "dynamic zero" coronavirus strategy, focused on reducing infections, severe illnesses and death, a senior Chinese health official said

Nuclear plant restarts may be Japan's best option for energy need: Lawmaker

Speeding up restart of nuclear reactors halted in the wake of the Fukushima nuclear accident may be Japan's best option for riding out any oil and gas shortages that result from sanctions on Russia

Carmakers face soaring metal costs as supplies veer clear of Russian goods

Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters.

Citigroup Inc plans 900 hires for commercial banking unit over three years

Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business

Citigroup plans 900 hires for commercial banking unit in Asia Pacific

China and India will each get around 80 new hires. Hong Kong will add close to 100 people

US lawmakers push Biden to help transfer of European aircraft to Ukraine

US lawmakers pushed Biden's council on Monday to facilitate the transfer of fighter aircraft to Ukraine from Poland and other NATO and Eastern European countries, after a plea from Volodymyr Zelenskiy

OPEC, US shale executives meet as oil prices skyrocket in Ukraine crisis

It was at least the fourth time since 2017 that US shale oil producers and OPEC officials have held such meetings to discuss energy concerns.

Japan current account deficit at highest since 2014 on oil import costs

Japan recorded its largest current account deficit since the start of 2014 in January as a jump in oil import costs offset gains in investment income, with uncertainty due to Ukraine war and Covid-19

Australian refiners cease purchase of Russian crude oil to support Ukraine

Viva Energy joins a spate of companies limiting, putting on hold, or exiting business activities in Russia.

Qantas expects airfares to rise if oil price stays high due to Ukraine war

Qantas has hedged 90% of its fuel needs through the end of June and 50% in the following quarter, Chief Executive Alan Joyce says.

Nikkei hits 16-month low as oil rally sparks investor worries of slowdown

Wall Street's main indexes fell sharply overnight, with the Nasdaq Composite confirming it was in a bear market.