NEW DELHI: India is rolling out ambitious measures over the coming weeks to try to establish the country a dominant exporter of high-quality wheat as importers scramble for supplies following Russia’s invasion of Ukraine, two government sources said. Read full story
New York: The three main Wall Street stock indexes rallied on Tuesday, a day before an expected interest rate hike by the U.S. Federal Reserve, while oil prices dropped 7% on hopes of an end to the conflict in Ukraine. Read full story
JAKARTA: Indonesia will remove retail price caps for packaged cooking oil and will subsidise bulk sales to try to ensure supply at retail markets after previous price controls resulted in a scarcity, senior officials said on Tuesday. Read full story
KUALA LUMPUR: The domestic market tracked Wall Street’s overnight surge although the benchmark composite index remained flattish as a decline in oil prices capped gains. Read full story
KUALA LUMPUR: Stocks to watch for on Wednesday include HLT Global, Ranhill Utilities, Samaiden, Advancecon and Ayer Holdings, said JF Apex Research. Read full story
KUALA LUMPUR: There is anticipation of an increase of investor participation on the domestic market amid growing speculation that the government may soon call for a General Election. Read full story
KUALA LUMPUR: The ringgit improved at the opening of Wednesday’s trade, as the greenback retreated slightly. Read full story
KUALA LUMPUR: Samaiden Group Bhd’s stock rallied on Wednesday on the back of news it had won a RM56.65mil contract to undertake engineering, procurement, construction and commissioning (EPCC) works in Perak. Read full story
TOKYO: The yen’s plunge to a five-year low shows no signs of easing as surging commodity prices have worsened the outlook for Japan’s trade balance and put pressure on the currency’s haven credentials. Read full story
SEOUL: Kakao group founder Brian Kim has stepped down from the board, relinquishing the reins after a series of scandals rocked the South Korean social media and financial technology (fintech) giant. Read full story
SHANGHAI: China will further cut interest rates to stabilise the economy, as shrinking China-US yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported yesterday, citing former central bank adviser Yu Yongding. Read full story
BENGALARU: Gold prices fell yesterday as US rate-hike expectations lifted Treasury yields to their highest in a month, while hopes for a progress in Russia-Ukraine peace talks improved risk appetite, denting bullion’s appeal. Read full story