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

China boosted purchases for its oil reserves even as oil prices soared, despite US calls for a coordinated release of stocks to cool the market

Tokyo also plans to quickly implement further steps to help curb rising prices of fuels such as petrol and kerosene amid soaring oil prices

Three-month aluminium on the London Metal Exchange jumped 3.3% to $3,402 a tonne by 1700 GMT after touching a record of $3,480

Wheat futures on the Chicago Board of Trade rose 5.43% on Thursday, outstripping gains by other commodities such as corn and soybean oil

Tokyo may support a coordinated oil release from its emergency stockpile if requested by the IEA, while Canberra said it is monitoring oil and gas markets

The jump in earnings came despite tight labour market conditions due to coronavirus pandemic-related restrictions in Western Australia

The first convoy of 50 trucks carrying wheat left Amritsar after a ceremony attended by Indian Foreign Secretary Harsh Vardhan Shringla

The country's first Post Office Coffee, which was officially opened in Xiamen, is directly operated by the state-owned mail and logistics giant

Financial hub deploys a 'dynamic zero Covid' strategy similar to mainland China's, aiming to eradicate any outbreaks at all costs

Nervousness of possible disruption of exports from key oil producer Russia helps push oil prices to their highest since 2014

Russia is the second largest supplier of crude oil to China and its third biggest gas supplier. It is also a major oil supplier to South Korea, while it also sells coal to Japan, Vietnam and India.