Europe

Donald Tusk, the Prime Minister, said that if fuel prices remain volatile, Poland may act to lower them again, perhaps in the last two weeks of August, when many Poles are returning from their holidays. Poland, like many other countries introduced measures to cap fuel prices in March?after a surge in energy costs caused by the U.S. and Israeli war against Iran. As tensions in the Middle East eased and oil and gas prices stabilised, the government lifted the curbs. However, they have since been re-instituted as the conflict continues. "If the situation becomes unstable again and prices rise, we'll...

This week, it's all central banks. Rising energy prices are likely to keep rate-setters in Tokyo, Washington and London alert even if oil is below $100. Tariffs from the United States are now back on the list of worries for markets that worry about inflation and growth risks due to war. Rae Wee, Dhara Ranasinghe and Alun John are in London. Lewis Krauskopf is in New York. 1/ DOUBLE THREAT Investors are now watching two chokepoints for energy shipping to see how much oil and natural gas comes out of the Middle East. Houthi attacks may make the Bab el-Mandeb...

By America Hernandez PARIS, July 27 - French oil giant TotalEnergies has appealed a court ruling in Paris ordering it to align its business with climate change goals. This was the first of its kind French ruling that found Total responsible for planet-warming emission released by customers using their fuel products. The ruling was made under France's "corporate duty of vigilance" law. It was seen as a victory for climate campaigners. In recent years, climate litigation against oil majors has had mixed results. The Netherlands Supreme Court is currently reviewing a landmark Dutch ruling ordering Shell to reduce emissions. "The...

Investors took comfort in some corporate earnings and weighed the potential impact of higher oil prices on monetary policy. The STOXX 600 index, which measures the performance of all European markets, rose 0.6% to 644.67 for a second consecutive week. SAP, the software giant, gained 10% on Germany's DAX after it reported that second-quarter cloud backlog growth was ahead of analyst expectations. The technology index gained 1.7% after STMicroelectronics' and BE Semiconductor's quarterly reports failed to impress investors on Thursday. Investors are trying to balance AI growth with stretched valuations and returns on large investments in technology. This has led...

Neste, a Finnish oil refiner and biofuel producer, said on Friday that its core profit had risen?in the second quarter due to the Middle East Crisis driving up prices. However it failed to meet market expectations. Neste's adjusted quarterly earnings, before interest, tax, depreciation, and amortization, more than tripled compared to a year earlier, reaching EUR1.20 billion ($1.37 billion). Analysts had forecasted EUR1.23 billion. At 0750 GMT, the shares were down 8%. Petri Gostowski, an analyst at the Finnish research firm Indires, said that investors were waiting for "clear results beats". Gostowski said in an email that he believed the...

Next week, it's all central banks. Interest rate-setters in Tokyo, Washington and London are growing more nervous due to the Middle East war escalate. Oil prices have returned to $100. Tariffs from the United States are now back on the list of worries for markets that worry about inflation and growth risks due to war. Rae Wee, Dhara Ranasinghe and Samuel "Indyk" and Alun John are in London. Lewis Krauskopf is in New York. DOUBLE TROUBLE Investors are now watching two chokepoints for energy shipping to see how much oil and natural gas comes out of the Middle East. Houthi...

The latest LSEG 'I/B/E/S' data on Wednesday showed that estimates for blue-chip European companies have?improved. Soaring energy sector?profits will help a deliver the best growth in over three years. According to a data set based on 77 company results and market expectations for those who have not yet reported, companies on Europe's benchmark STOXX 600 Index are expected to post earnings growth of 17.3% during the second quarter. The aggregate growth rate is 7.2%, excluding the estimated 122.6% growth rate for the energy sector. The blue-chips in Europe are expected to grow by 11.5%. This is their highest rate since...

The head of finance for Indian state refiner Bharat Petroleum Corp stated 'on Thursday that traders have stopped offering discounts to Russian crude sold to India due to disruptions in Middle -Eastern supply, which has boosted the demand for alternative grades. As Middle East oil supplies have been disrupted, refiners in India have increased their purchases of Russian crude oil. Vetsa Ramakrishna said that BPCL had secured crude supplies through August, and was looking for cargoes for September delivery. He said the company has received offers from traders for Russian oil cargoes to be delivered in September. He added, "But...

* Best quarter for nearly three years * Trading segment (which includes refining)?up 362% on an annual basis due to rising prices * Share Buybacks Maintain?at $1.5 Billion for Q3 By ?America Hernandez PARIS, 23 July - TotalEnergies, the French oil major, reported on Thursday a 67% increase in its second-quarter earnings, its best in almost three years. The company attributed this to higher oil prices, and high profit margins in fuel refining due to war in Iran. According to a poll of analysts by LSEG, adjusted net?income for the second quarter was $6 billion. This is in line with...

Anglo American's copper production was largely?flat in the first-half of this year and its copper price guidance for 2026 has been lowered. However, it said that?its diamonds?and steelmaking?coal businesses will post negative earnings underlying in the first quarter. The London-listed company maintained its guidance for full-year production of copper between 700,000 and 760,000 metric tons. The miner produced 343,600 tonnes of copper during the first half, compared to 342,200 tons one year ago. Anglo stated that its proposed merger with Teck Resources is still on track. The final regulatory hurdle will be the approval of China. The miner would become...

Authorities said on Thursday that two people, including a three-year-old boy, were 'killed in separate overnight Ukrainian attacks against a city in southern Russia and the peninsula of Crimea under Russian control. Crimean Governor Sergei Aksyonov stated that a person was killed on the peninsula, and four others were injured. Two of those injuries were children. Alexander Gusev, regional governor, said that falling drone debris caused a fire to start at the home of a 3-year-old boy in Voronezh. Voronezh is located about 500 km (310 miles), south of Moscow. The child died as a result of the fire. The...

Kyrgyzstan agreed to build a mini-oil refinery worth $25 million in the south of the nation as part of its efforts to increase domestic fuel production and reduce dependence on imports due to tightening Russian supplies. Central Asian Energy LLC of Kyrgyzstan, who will finance the project, recently signed an agreement with the Kyrgyz company to build the refinery. The plant will produce bitumen, motor oil and gasoline that meets?K5 or K6 environmental standards. The first phase of the construction should be completed by autumn 2026. Kyrgyzstan imports a majority of its gasoline from Russia. Fuel shortages in Russia have...

The dollar strengthened on Tuesday and gold prices fell. Markets were looking for clues about the future of interest rates in the Federal Reserve's policy announcement. Gold spot fell by 0.7% at $4,044.81 an ounce as of 0250 GMT. It had risen as high as 1% Monday. U.S. Gold Futures for August Delivery fell 0.8% to $4.045.40. Dollars are nearing a month-high, which makes greenback bullion prices more expensive for those who hold other currencies. Ilya Spivak is the head of global macro for finance content network Tastylive. The U.S. Federal Reserve is expected to conclude its two-day policy meeting...

Gold prices rose on Monday, as a pause between?strikes by U.S. forces and?Iranian forces brought crude oil prices down. This helped ease inflation fears and concerns about higher interest rates a week before Fed policymakers meet. Spot gold rose 1% by 1030 GMT to $4.093.34 an ounce, while U.S. Gold Futures for August Delivery climbed 0.6% to $4.095.60. "Precious Metals have begun the week in a positive way, thanks to a pause on Middle East hostilities. The dollar has also weakened, and the yields on U.S. Treasury bonds and oil have both slid," said Ross Norman, an independent analyst. The...

Gold prices rose on Monday as a pause between strikes?between U.S. forces and Iranian forces?helped?crude oil?price?fall. This helped ease inflation fears and concerns about the possibility of higher interest rates during a week when policymakers from the Fed will be meeting. Spot gold rose by 0.9% to $4.089.03 an ounce at 0805 GMT. U.S. gold futures for delivery in August also increased by 0.5%, to $4.090.80. "Precious Metals started the week in a positive way, thanks to a pause of hostilities in the Middle East. "Oil has fallen and both the dollar yields and U.S. Treasury yields are down," said...

Gold prices increased?more? than 1%?on?Monday, as a pause in Middle East hostilities?pushed oil?prices lower?and eased inflation concerns?before a Federal Reserve Meeting this week? By 0723 GMT, spot gold had risen 1.3% to $4103.59 an ounce. U.S. Gold Futures rose 0.9% to $4106.00. Tim Waterer is the chief analyst at KCM Trade. He said, "Gold has benefited from the double price action in oil and U.S. dollars." The U.S. Dollar?index fell by 0.3%, making metals priced in greenbacks more affordable to other currency holders. A senior Iranian official said on Sunday that Iran would cease its attacks if the United States...

Gold prices rose on Monday, as investors waited to see what the U.S. Federal Reserve will do about its policy later this week. By 0421 GMT, spot gold had risen 0.9% to $4.087.79 an ounce. U.S. Gold Futures rose 0.5% to $4089.90. Tim Waterer is the chief market analyst of?KCM Trade. The U.S. Dollar Index fell by 0.3%, making metals priced in greenbacks more affordable to other currency holders. Iran will halt its attacks if the United States also does so, a senior Iranian government official said on Sunday. After President Donald Trump's advisors informed him that they were running...

Gold prices rose by a little more than 1%?Monday, as oil prices fell due to a pause of Middle?East hostilities, easing inflation fears. Investors awaited U.S. Federal Reserve policy announcement. By 0200 GMT, spot gold had risen 1.4% to $4110.56 an ounce. U.S. Gold Futures rose 1% to $41,112.10. Gold is clearly a beneficiary of today's dual price action of oil and the U.S. Dollar, which both dropped due to de-escalation expectations between the U.S. Tim Waterer said that lower oil prices are easing inflation concerns. The U.S. Dollar Index was down by 0.3%. This made greenback-priced gold more affordable...

Gold prices climbed on Friday as oil prices fell, and investors watched developments in the Middle East to get a better idea of inflationary risks fueled by energy, as well the outlook for U.S. rates. Spot gold increased 0.4%, to $4.061.36 an ounce, by 1115 GMT after falling 0.6% earlier. U.S. gold futures for delivery in August gained 0.3%, to $4.063.60. The gold price has moved from a negative to a slightly positive territory, driven by the lower oil prices. This reduces pressure on Fed to adjust rates, said UBS analyst Giovanni Staunovo. He added, "Our view is that the...

Gold ticked up a bit?on friday, reversing previous losses, as oil fell below $100?per barrel mark. Investors are watching developments in the Middle East to get a fresh perspective on inflationary risks driven by energy and the outlook for U.S. rates. Spot gold was up 0.2% at $4,055.38 an ounce as of 0925 GMT after falling 2% Thursday to $4.047.26. U.S. gold futures August delivery rose 0.2%, to $4.058.10. "Gold is now slightly positive after moving from a negative position earlier, driven by lower oil prices. This has reduced pressure on the Fed's rate-setting," said UBS analyst Giovanni Staunovo. He...

Gold fell?lower? on Friday, after dropping 2% in the previous session. The move of Brent crude back above $100 per barrel has stoked inflation fears and reinforced the case for higher rates before the Federal Reserve's policy meeting next Monday. Spot gold prices fell more than $130 since Wednesday's two-week high, falling to $4,037.29 an ounce at 0702 GMT. U.S. gold futures for delivery in August were down 0.3% at $4,039.80. Bullion is still on course for a 0.5% weekly gain. "In the near term, we anticipate more volatility... Gold has been stuck between $3,980 and $4,170 for weeks. We...

Antofagasta Minerals, a Chilean copper mining company, said on Thursday that its flagship mine Los 'Pelambres is safe following an investigation by Chile's environmental regulator into a water discharge incident caused by extreme weather. On Wednesday, the regulator said that Antofagasta released water into the Pupio Waterway from a drainage pool after heavy rains caused an?avalanche near the site. Antofagasta has said that the controlled release of water from two pools downstream the tailings?dam?wall was part of its water management system. Water from the tailings dam was channeled to the Pupio stream whose flow had already increased significantly because of...

Micheal Martin, the Prime Minister of Ireland, said that an Irish investigation into a major alumina factory?has not found any "concrete" or "definitive" evidence to suggest its exports are used in Russia to produce aluminium for weapons. Ireland faces increasing pressure regarding the Aughinish Alumina Plant, Europe's biggest refinery for the aluminum feedstock alumina. The facility continues to export alumina to Russia. Dublin ordered the 'investigation', while defending a European Union decision that the Rusal-owned?plant would not be included in Russian sanctions packages. The government claims that 'the refinery located in southwest Ireland plays a strategic role for EU supply...

Sweden declared the mining of critical metals,?rare earths, and other minerals to be a national interest on Thursday. The government said a new strategy for mining was required to 'counter China's dependence. China is the dominant producer of rare earth minerals, which are essential to clean energy production, defence, and electric vehicle manufacturing. Export controls have been a powerful tool in Beijing's trade war with Washington, as well as other disputes. The Per Geijer discovery, near LKAB’s?existing Kiruna Mine, is also one of the European Union’s flagship projects to reduce reliance upon China. Per 'Geijer' is crucial to Europe because...