Oil, grains rise; Palladium prices surge, gold climbs; Aluminium at record-high; Nickel up on Russian supply worries; Fears of food inflation as wheat, corn, edible oil prices rally

Oil giant BP says it will exit its Rosneft stake worth $25 billion. Meanwhile, leases on over half the 980 jets in Russia may be severed by foreign firms because of sanctions.

China's Foreign Ministry on Monday voiced opposition to use of sanctions, but Japan and Korea backed the move to block some Russian banks from the SWIFT international payments system

Chinese payment-related stocks jumped on Monday as investors wagered that kicking banks out of the SWIFT system would benefit China's own cross-border payment system, CIPS

Sweeping restrictions imposed on Russia to block its access to goods from chips to computers and electronics are likely to rev up China's push for self-reliance in semiconductors, analysts say

Russia has spent seven years building up formidable financial defences, yet in the long run its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.

Thousands of jobs are at risk after work stopped abruptly on multiple building sites in Australia this week, when South Africa's WBHO Group said it could no longer provide financial backing

At least two more developments by China Evergrande Group have been taken over by state-owned enterprises (SOEs) in the past few weeks, corporate registry records show

Alibaba Group reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in its core e-commerce business and intensifying competition ate into sales

Tesla plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars, sources claim

Taiwan’s UMC will invest $5 billion on a new microchip factory in Singapore, with production expected to start in 2024 to support the boom in 5G and auto electronics, it said on Thursday

Chinese tech giant said its total emissions were equivalent to 5.11 million tonnes of CO2 in 2021. It wants its operations and supply chain to be carbon neutral by the end of the decade