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US weekly jobless claims fall for 2nd straight week; layoffs tumble in Feb

Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 215,000 for the week ended Feb. 26, the Labor Department said on Thursday

Biden administration seeks $32.5 bn in Ukraine and Covid aid: Reports

The White House is seeking $10 billion in emergency military and humanitarian aid to assist Ukraine after Russia invaded last week, the Washington Post reported

Surge in oil price rattles markets as Ukraine conflict intensifies

Oil prices soared again as the Ukraine war triggered a dash for commodities that could be in short supply, while stock markets slipped

Former boss Ghosn says Nissan's lack of vision is hurting Renault

Ex-Nissan Motor chairman Carlos Ghosn, who was ousted following his arrest in Japan, said that its alliance partner Renault SA is struggling because of the Japanese automaker's lack of vision

Russian war on Ukraine enters second week as apparent failure

Ukraine president says defence lines holding; eastern city of Kharkiv suffers further heavy bombardment while Moscow says it has seized Kherson, mayor says troops in streets

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said

Palladium scales 7-month peak, gold firms as Ukraine crisis rages on

Spot palladium, used by automakers in catalytic converters to curb emissions, jumped 4.1% to $2,778.48 by 1030 GMT, rising for a fourth session to hit its highest since mid-June 2021

Govt considering relief for exporters hit by Ukraine crisis: Report

A govt official, who declined to be named, said Indian exporters are owed about $500 mn from Russia and the govt may guarantee banks' letters of credit or loans to help ease the crunch

Brent soars to $119, highest since May 2012, as US sanctions target Russia

The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next

Indian trade, current account deficit seen widening, rupee under pressure

India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows

Japan's JAL, ANA cancel all flights to and from Europe amid Ukraine war

Japan Airlines Co Ltd and ANA Holdings Inc said they would cancel all flights to and from Europe on Thursday, citing concerns about safety due to Russia's invasion of Ukraine

Explained: Why $100 oil could hurt the energy transition more than it helps

When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash

Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers

India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4

Fertiliser ban decimates Sri Lankan crops as government popularity dwindle

Dramatic fall in yields follows a decision last April by President Gotabaya Rajapaksa to ban all chemical fertilisers in Sri Lanka

Amazon, Future agree to talks; SC gives them 10 days to explore settlement

In an unexpected move on Thursday, Amazon counsel suggested at a SC hearing that the two sides negotiate, saying the 'whirlpool' of disputes fought on multiple fronts had been dragging on for too long

Japan's Renesas, Tata Elxsi partner in EV design centre

The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units

Australia helps allies seeking to replace Russian coal amid Ukraine crisis

The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday

Euro pinned down as Russia-Ukraine war stokes stagflation fears

The euro was last at $1.1097 in the Asia session, only a little above its overnight trough of $1.1058, its lowest since May 2020.

Philippines approves revival of nuclear power to help replace coal

Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country's energy mix

Fitch, Moody's slash Russia's sovereign rating to junk as sanctions mount

The Ukraine invasion has triggered a flurry of credit rating moves