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INDIA TOP NEWS • EXCLUSIVE-Some lessors prepare to end aircraft lease deals with Jet - sources Some lessors of Jet Airways have begun terminating lease deals over unpaid dues and are preparing to move the leased planes abroad, escalating a crisis for the carrier, five sources with knowledge of the matter told Reuters.
• EXCLUSIVE-Indian antitrust watchdog raids Glencore business, others over pulse prices -sources India's antitrust watchdog raided units of Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.
• India's February trade deficit narrows to $9.60 billion - trade ministry India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in a statement on Friday.
• Vedanta's Sterlite Copper appoints new CEO amid battle to reopen India smelter Vedanta on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant.
• India's former defence minister Manohar Parrikar dies India's former defence minister and serving chief minister of the western state of Goa, Manohar Parrikar, died on Sunday, officials said.
GLOBAL TOP NEWS • Japan exports fall for 3rd month on waning external demand, raises economic risks Japan's exports fell for a third straight month in February in a sign of growing strain on the trade-reliant economy from slowing external demand and a Sino-U.S. tariff war.
• US Transportation Dept probes FAA approval of 737 MAX - WSJ The U.S. Department of Transportation is investigating the Federal Aviation Administration's (FAA) approval of Boeing's 737 MAX jets, the Wall Street Journal said on Sunday, citing people familiar with the inquiry.
• Saudi signals OPEC may need to extend oil cuts until end-2019 Saudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signalling it may need to expand output cuts into the second half of 2019.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading up 0.2 percent at 11,499, from its previous close.