China car sales drop 21.5% in April as Iran oil shock slams gasoline vehicle deliveries, with electric demand unable to offset slump.

China's factory inflation hits 45-month high as energy prices surge, official data shows.

China's factory inflation hit a 45-month high due to an energy price shock, according to official data.

China April CPI rises 1.2% YoY, above estimates; PPI jumps 2.8% vs 1.8% expected.

China's April CPI rose 1.2% year-on-year, above expectations of 0.9% and prior 1.0%. Core CPI also rose 1.2%. PPI surged 2.8%, well above the 1.8% estimate and prior 0.5%.

Reliance reverses Jio IPO plan, will issue new shares instead, Economic Times reports. Move could reshape India's telecom market.

Reliance Industries is reversing its plans for an initial public offering of Jio, potentially India's largest ever, and will instead issue new shares, according to the Economic Times.

India’s PM Modi urges citizens to cut fuel use and avoid non-essential travel, warning rising oil prices from the Iran war threaten to swell import bill and pressure foreign-exchange reserves.

Indian Prime Minister Narendra Modi appealed to citizens to cut fuel use and avoid unnecessary travel as rising oil prices from the Iran war threaten to widen the nation’s import bill and strain foreign-exchange reserves.