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By Hari Kishan and Sarupya Ganguly

By David Milliken

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Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, was last trading 2.42 per cent higher at ₹6,638 per bbl, having swung between ₹6,484 and ₹6,671 per bbl during the session, against a previous close of ₹6,481 per barrel. -The Organisation of Petroleum Exporting Countries and its allies (OPEC+) led by Saudi Arabia and Russia agreed earlier this week to extend voluntary oil output cuts of 2.2 million barrels per day (bpd) into the second quarter or mid-2024.

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

NLC India through an offer for sale (OFS) this week, to raise up to ₹2,200 crore ($266 million) at current prices, Reuters reported Wednesday citing sources. The report said the government will offer to sell 5% of its stake in the state-run firm with an option to sell an additional 2% stake if there is more demand. The government holds a 79.2% stake in NLC India as of December 2023, whose shares have nearly tripled over the last year to ₹226.70 as of Wednesday.

By Paul Carsten

By Maria Martinez

Amex Data Breach: American Express (Amex), a leading financial services and credit card company, disclosed a data breach on March 4, which they said impacted some cardholders. The company emphasised that its own systems were not compromised, but rather, the issue stemmed from a third-party merchant processor.

Sensex fell 195.16 points, or 0.26%, to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. “Investors are awaiting Fed Chair Powell’s testimony to get some input on interest rates. Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up.

SAO PAULO (Reuters) — Japanese auto maker Toyota (NYSE:TM) officially announced on Tuesday an 11 billion real ($2.22 billion) investment in Brazil, saying it will be made in two parts by 2030, and include the output of a new vehicle specially designed for the country's costumers.

Cairo talks have been billed as a final hurdle to reach the first extended ceasefire in the war between Hamas and Israel- a 40-day truce during which Israeli hostages would be freed and aid pumped into Gaza — ahead of Ramadan, which is due to begin at the start of next week. «The delegation will remain in Cairo on Tuesday for more talks, they are expected to wrap up this round later today,» a Hamas official told Reuters. Egypt's Qahera television also reported the talks had been extended for a third day, but said they were «facing difficulties». Earlier, senior Hamas official Bassem Naim told Reuters the militant group had presented its proposal for a ceasefire agreement to the mediators, and was now waiting for a response from the Israelis, who have stayed away from this round. "(Prime Minister Benjamin) Netanyahu doesn't want to reach an agreement and the ball now is in the Americans' court" to press him for a deal, Naim said.

the choice seems to be simple. Both political parties already have clarity over who their nominees will be, as Joe Biden (Democrat leader) and Donald Trump (Republican leader) have cruised through the early voting states. Super Tuesday is the primary election day the most states hold their primaries and caucuses and decide on the bulk of delegates for candidates in their respective parties.

China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.

Chancellor Jeremy Hunt is reportedly lining up a set of pre-election giveaways on Wednesday (6 March), including cutting national insurance by 2p, and is expected to unveil proposals for a historic bond issuance, excluding Bank of England transactions, for the fiscal year beginning in April.  However, the Chancellor is also having to balance his tax cut ambitions with bond investor worries about the public finances. According to Reuters, prices of UK gilts have already fallen more than that of other countries, and there are substantial amounts of debt slated to enter the market. Fisca...

Shares of Tesla (NASDAQ:TSLA) are trading around 1.5% lower in pre-market on Tuesday, following a Reuters report the company had to halt production at its Berlin factory, after suspected arson set an electricity pylon on fire in a field close to the cite.

By Clare Jim and Ziyi Tang

FSSAI) has confirmed that McDonald’s India uses 100% real cheese, Westlife Foodworld said in a stock exchange intimation on Tuesday. «The verification confirms the brand’s assertion that it uses 100% Real Cheese and that it does not use any cheese analogues or substitutes in any of its products,» the company said. Further, the west and south zone of McDonald’s India has also received results of tests done by an NABL-accredited lab, confirming use of 100 per cent real cheese across its products, Westlife said.

coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presentation seen by Reuters. The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive. But they also threaten to undermine progress made by the world's No.3 greenhouse gas emitter in weaning its economy off carbon.

BRUSSELS: The European Union should support struggling European manufacturers of solar panels, but cannot close its borders to imports of such products, EU energy policy chief Kadri Simson said on Monday. Factory closures among Europe's few solar panel makers have prompted the industry to seek emergency support from Brussels — potentially including trade restrictions on cheap Chinese imports that European companies have struggled to compete with. However, Simson ruled out cutting off imports, which she said could compromise the EU's ability to install enough solar energy capacity to meet climate targets. Most solar panels and parts deployed in Europe are imported from China.

Shehbaz Sharif after taking oath as Pakistan's new PM for a second time, nearly four weeks after an uncertain national election caused delays in the formation of a coalition government. In a post on X (formerly Twitter), PM Modi wrote, “Congratulations to @CMShehbaz on being sworn in as the Prime Minister of Pakistan." Shehbaz Sharif on Monday officially took up office at a swearing-in ceremony at the presidential office in the nation's capital, Islamabad, a day after parliament elected him prime minister despite protests from lawmakers aligned with jailed former premier Imran Khan.