Ukraine Financial News

₹6,746 per barrel on the multi commodity exchange (MCX). -Analysts said that the markets are concerned about the Federal Reserve's rate decision as interest rates have not fallen off like one would have expected.

Top News of the Day: On 20 March, a series of events are set to take place right from politics to business. Prime Minister Narendra Modi held a telephonic conversation with both Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskyy and reiterated India's stance of 'dialogue, diplomacy' on the Russia-Ukraine war. The Modi-government also cleared its stance on the pleas against the Chief Election Commissioner and Other Election Commissioners Act, 2023, in its affidavit.

interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday's settlement, fell $1.49 or 1.8% to $81.98.

Vladimir Putin and Ukraine's Volodymyr Zelenskyy, Modi reiterated India's commitment to an early and peaceful resolution to the ongoing conflict between the two countries, the officials said, adding that both the leaders said they saw the Indian prime minister as a «peace-maker». «Both Putin and Zelenskyy also invited Modi to visit their countries after the elections in India get over,» an official said. The prime minister has in the past cited invitations extended to him by foreign leaders to visit their countries as their endorsement of the view that he is set to retain power in the Lok Sabha elections, which start on April 19 and will be over in the first week of June.

conflict with Ukraine, Russia has informed India that it would be able to supply the remaining two squadrons of the S-400 long-range air defence missile system by August 2026. Russia and India had signed a deal to buy five squadrons of the S-400 air defence system, of which three have already been supplied, while the remaining two could not be supplied on time due to developing situations in view of the Russia-Ukraine war, which is still ongoing. «The Russian side has informed that they would now supply the two remaining squadrons of the highly capable air defence systems by August 2026, defence sources told ANI.

LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.

Over the first quarter of 2024, WTI crude oil is expected to rise by at least 15%. This uptick marks the end of a downward trend observed in the third and fourth quarters of 2023, which was part of a broader trend that began in mid-2022.

The British government says it will hold the next meeting of the European Political Community on July 18

Polish farmer Piotr Korycki says his business has been badly destabilized by Russia’s war against Ukraine and that the European Union is only adding to his problems

European Union lawmakers have agreed to renew Ukraine’s import rates, which have been in place since shortly after Russia invaded while adding protective measures for agricultural products such as grain and honey to address the concerns of farmers acro...

Price rises in the U.K. eased more than anticipated in February, raising expectations that the Bank of England may start cutting interest rates in the next few months

Russia’s seizure of billions of dollars worth of foreign-owned planes has set off the biggest-ever brawl in the normally staid business of aircraft insurance. Some of the world’s biggest insurers are fighting back against claims by the aircraft’s owners. The insurers say the owners should have done more to grab planes before they were seized.

By Shariq Khan

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday as traders remained cautious before more cues from the Federal Reserve, although persistent signs of tight supplies kept prices pinned near four-month peaks. 

Ukraine amid the ongoing conflict with Russia, US Secretary of Defence Lloyd Austin warned that if Vladimir Putin is successful here, he will not stop there. Convening the 20th meeting of the Ukraine Defence Contact Group, Austin said that Ukraine will not back down in the face of the Russian invasion of the country, and neither will the United States, the statement from the US Department of Defence (DOD) stated. The meeting took place at Ramstein Air Base, Germany, praising the «countries of conscience» that are working together to aid Ukraine in its fight.

Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex witnessed a huge sell-off in the previous session dragged by a sharp fall in information technology (IT) stocks ahead of the US Federal Reserve's monetary policy decision -- which is due later tonight, that could impact the extent of foreign fund inflows. The 30-share Sensex dropped 736 points, or 1.01 per cent, to close at 72,012.05 on March 19, while the Nifty 50 ended the day at 21,817.45, down 238 points, or 1.08 per cent.

By Idrees Ali and Phil Stewart

₹6,943/bbl on the multi commodity exchange (MCX). Also Read: Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran -In Russia, exports are rising after Ukrainian drone attacks on the country's oil infrastructure putting pressure on oil prices. Traders assessed how Ukraine's recent attacks on Russian refineries would affect global petroleum supplies.

The European Union's top diplomat says he's pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons for Ukraine

TOKYO—The world’s nearly 12-year experiment with negative interest rates is over now that the last holdout, the Bank of Japan, has moved its key policy rate back to at least zero. Of the many unusual measures central bankers took over the past decade and a half, negative rates were among the most controversial, with uncertain benefits and potential risks. The experiment’s bottom line: Negative rates weren’t enough by themselves to pull economies out of a funk or lift inflation toward central banks’ 2% targets.

gas production, India’s dependency on imported LNG or liquefied natural gas, which stood at 53% of total consumption in FY21, has gradually declined over the last three years and is expected to remain at around 45% by FY26, said CareEdge Ratings in a report on Tuesday. The higher demand for natural gas in the country is also expected to be supported by sizeable growth in domestic gas production wherein nearly 30 MMSCMD (million metric standard cubic meters per day) of new domestic natural gas production has gradually come on stream over the last three years and another around 15 MMSCMD of new domestic natural gas production is expected to come on-stream during FY25. “With greater thrust of the Government for transitioning towards cleaner fuel, there was a steady growth in natural gas consumption till FY20. However, due to the impact of the Covid-19 pandemic and sharp increase in imported LNG prices due to the geopolitical situation, there had been a decline in natural gas consumption during FY21 and FY23 respectively," said Hardik Shah, Director at CareEdge Ratings.