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India increasing ethanol storage, targets 20% blended gasoline by 2025

India's state-run fuel retailers are increasing their ethanol storage capacity by 51% as the nation targets to double the biofuel's blending with gasoline to 20% by 2025

Oil rebounds as escalating Ukraine conflict raises supply concerns

Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops

Asia stocks tumble to 16-month lows after Ukraine nuclear complex fire

Asian equities and the euro slumped on Friday after news of a fire near a Ukraine nuclear facility following fighting with Russian forces heightened investor fears

Ukraine crisis puts euro on course for worst week in two years

Euro fell to $1.1008 in early Asia trade, its weakest since May 2020, following news Ukraine's Zaporizhzhia nuclear power plant was on fire after an attack by Russian troops

Russia seizes Ukrainian nuclear plant, fire put out after fear of disaster

Volodymyr Zelenskiy says Russian tanks had shot at the nuclear reactor plants, though there was no evidence cited that they had been hit.

Japan unveils measures to boost oil subsidy, back small firms

Concern about Russian oil supplies, which at 4 million to 5 million barrels per day (bpd) are second only to Saudi Arabia in volume, have pushed up oil prices to levels not seen in a decade.

Abu Dhabi wealth fund cuts jobs in effort to save $272 mln in costs

The cost savings will help Abu Dhabi's sovereign wealth fund, which manages $700 billion in assets, divert money into new projects such as quantitative research and development.

Solid US job gains forecast in Feb; unemployment rate seen dipping to 3.9%

Oil prices have surged above $100 a barrel since Russia launched a war against Ukraine last Thursday, invoking a barrage of sanctions against Moscow by the United States and its allies.

Japan's Nikkei slips to 15-month low as Russia Ukraine crisis intensifies

Japan's Nikkei index hit a 15-month low on Friday as global markets remain on edge following reports of Europe's largest nuclear power plant set on fire amid an intensifying war between Ukraine-Russia

World Bank's Ukraine loan disbursement grows to 460 million euros: Report

A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for board approval on Friday

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

Growth in services activity picked up in Feb, inflation pressure predicted

The Services Purchasing Managers' Index, compiled by IHS Markit, increased to 51.8 in February from January's six-month low of 51.5.

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

BlackRock halts purchases of Russian securities in active and index funds

BlackRock Inc, the world's largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia's invasion of Ukraine

House price rises to pick up pace in 2022, 2023: Property analysts

The Indian real estate sector is expected to account for 13% of India's GDP by 2025, according to NITI Aayog, the official public policy advisory to New Delhi.

Japan's Jan jobless rate rises as curbs for Covid-19 hit service sector

World's third-largest economy faces downside pressure from record coronavirus deaths and the Ukraine crisis.

Google suspends all ad sales in Russia, cites 'extraordinary circumstances'

The move by the world's top seller of online ads by revenue follows similar pauses in Russia by Twitter Inc and Snap Inc.

Wall Street mixed as Russia's war on Ukraine stirs uncertainty

Reflecting a defensive mood on Wall Street, the S&P 500 utilities index rallied 1.9% and real estate added 1.1%

Roman Abramovich to sell Chelsea, proceeds to go to war victims

The 55 year-old metals magnate said in a statement that a sale was in the best interests of the reigning European and world soccer champions.

India's February sunflower oil imports fall as war disrupts shipments

Ukraine and Russia account for more than 90% of India's imports of sunflower oil