Government must announce bold oil tax changes in the budget to inject new life into the battered North Sea.
Lifting the ban will generate $86bn more per year in GDP on average from 2016-2030, according to an IHS report.
RBA board members are of the view that the need for further rate cuts will emerge.
Swiss trading house stepped up dealings with Rosneft in February.
US crude oil price falls to six-year low on Monday in New York.
Opec cartel maintained production in bid to protect market share after oil price collapsed in 2014.
Legend has tapped UBS and mainland investment bank China International Capital for its planned IPO.
Shanghai-traded automotive glass maker Fuyao Glass Industry Group has a market capitalisation of some $4.8bn.
The WPI index fell 2.09% compared to the 0.39% drop in January and market consensus of around 0.7% fall.
Nikkei hits a 15-year intra-day high of 19,349 points just as Bank of Japan kicks-off its two-day monthly meeting.
CPI rate drops to -1.0 in February, its lowest since early 2007..
A global oil glut, a stronger dollar and a storage dearth could flood the physical markets with oil, hitting prices.
Indonesia, Iceland, Turkey, Chile and Columbia are also scheduled to set rates.
Energy watchdog IEA's report fuels concerns that the global supply glut and a storage dearth in the US will hit prices.
The Federal Reserve's looming policy statement may provide hints as to when the US will raise interest rates this year.
Palladium too falls but is keeping broad uptrend on strong fundamentals.
The employment change was slightly better than expected, but the unemployment rate has risen to a five-month high.
Cairn India's massive tax demand comes three days after ex-parent company contests its own $1.6bn bill.
Sale of 28.2 million ordinary shares in Aspen Pharma was conducted through a placing at a discounted price.
Russia's key rate stands at 15% after the 200 basis points cut in January.
China brokerage's $1.6bn Shanghai share sale attracts nearly $150bn from institutions and individuals.
IBM could end up developing a bitcoin alternative.
China, the world's second largest economy and India, the third largest in Asia, are two important growth drivers in the world.
Korean central bank seeks to boost economic recovery in surprise move.
In February, consumer prices accelerated as expected in Germany, while it quickened faster than expected in France.
Bank of Korea cuts base rate to 1.75% while RBNZ leaves OCR at 3.5%.
AUD/USD is at a crucial support with the medium term downward channel support and the long term trend line just about to meet.
BoE member Martin Weale speaks later in the day, and the BoE governor on Thursday.
Ukraine must renegotiate its gas supply deal before the end of March.
Rupee has fallen more than 2% so far this month.