Germany

Chief executive of Carbon Measures, an initiative to create a carbon accounting system backed by many large energy companies and multinationals, said that the panel will be independent. The group, which was launched by ExxonMobil and BASF, among others, is aimed at creating a system of carbon emissions accounting for companies. This will help to reduce double counting and reward them for being more sustainable. There are other carbon accounting guidelines, like the Greenhouse Gas Protocol. However, comparing companies is difficult. Carbon Measures wants to develop a ledger system similar to that used in financial accounting within the next two...

The week will be dominated by trade talks between Washington and Beijing, and Canada, as well as central bank decisions from the United States, Canada, and Europe. Meanwhile, Argentina's stock markets are digesting the results of a decisive election for President Javier Milei. Dhara Ranasinghe, Alden B. Bentley, Lewis Krauskopf, and Rodrigo Campos in New York and Kevin Buckland, in Tokyo, give you all the information about what to expect in the world markets this week. 1/ A MIDTERM DRAMA Argentina’s bonds and shares are expected to rise on Monday, after President Javier Milei’s party won a decisive victory in...

The week will be dominated by renewed trade tensions, talks between Washington and Beijing, and decisions made by the central banks of the United States, Canada, and Europe. Meanwhile, Argentina's voters go to the polls. Dhara Ranasinghe, Alden B. Bentley, Lewis Krauskopf, and Rodrigo Campos in New York and Kevin Buckland, in Tokyo, give you all the information about what to expect in world markets this week. 1/ A MIDTERM DRAMA The mid-term elections in Argentina on Sunday will be a crucial moment for the biggest reform story of emerging markets. Right-wing president Javier Milei wants to consolidate his minority...

On Wednesday, the United States imposed sanctions on Russia's largest oil companies and accused Russia of not being committed to ending the conflict in Ukraine. This was as Moscow carried out a large-scale nuclear weapons training exercise. New sanctions were announced one day after the collapse of plans for a meeting between U.S. president Donald Trump and Russian president Vladimir Putin. Trump told reporters that he cancelled the summit because "it just didn't feel right." The U.S. Treasury Department stated that Russia's largest oil companies Rosneft, and Lukoil were targeted to hinder Moscow's ability fund its war machine. This was...

The top brass of the Russian army said that it will use reserve soldiers to protect civilian infrastructure, such as oil refineries, after an increase in drone attacks from Ukraine deep into Russia during recent months. In the midst of a conflict with the West regarding Russia's involvement in Ukraine, Vladimir Putin ordered that the regular army be increased to 1.5 active personnel, making it the world's second largest army after China's. Putin said at least 700,000. Russian legislators say that there are another 2,000,000 men in the active reserves - those men who signed a contract as reservists but...

A letter obtained by shows that TotalEnergies, Siemens and 46 other European companies have written to European governments urging them to repeal one of the EU’s most prominent corporate sustainability laws to increase the continent’s competitiveness. TotalEnergies CEO Patrick Pouyanne, and his Siemens AG counterpart Roland Busch, wrote the letter on behalf of 46 European firms to French President Emmanuel Macron as well as German Chancellor Friedrich Merz. The letter from October 6 stated that removing the rules would "send a clear and symbolic message to European and International companies that governments and the Commission really are committed to restoring...

ADNOC, the Abu Dhabi state oil company's international investment arm, has said that it submitted robust remedies to win EU approval for the 14.7 billion-euro (17 billion-dollar) bid for Germany’s Covestro. ADNOC has submitted robust remedies that should win EU approval for its 14.7-billion-euro ($17 billion) bid for Germany's Covestro, the international investment arm of Abu Dhabi state oil giant, said on Monday. The European Commission is currently examining the deal. It is ADNOC’s largest acquisition ever and one of the biggest foreign takeovers by an EU company from a Gulf State. In the case of Covestro, it is the...

European shares eased Tuesday, with energy stocks leading the losses due to the drop in oil. Investors also weighed the impact of a U.S. shutdown which could delay the release the closely watched monthly jobs data. By 0856 GMT the pan-European STOXX 600 had dropped 0.2%, to 554.5 points. However, it was still on track for its third consecutive monthly and quarterly gains. The stock is expected to rise by nearly 1% in September, compared with its 0.7% increase in August. Investors expect a rise in OPEC+ supplies later this week. TotalEnergies in France and BP in the UK both...

European shares fell on Tuesday, as energy and healthcare stocks slid. Investors also weighed the impact of the U.S. shutdown which could delay the release date of the closely watched monthly jobs data. The pan-European STOXX 600 fell 0.2% at 554.7 points as of 0709 GMT. However, it was still on track for a third consecutive monthly gain. It is also expected to have a gain of more than 2% for the entire quarter. The decline in oil prices impacted the heavyweight oil and gas companies, which saw a 0.8% drop. TotalEnergies in France and BP in the UK both...

QatarEnergy signed a long-term contract with German industrial gas company Messer for the supply of high-purity helium. This helium is used by a variety of technologies, from MRI scanners and quantum computing to a range other technologies. QatarEnergy has signed its first direct sale and purchase agreement for Messer, which is the largest private industrial gas company in the world. According to a report by IDTechEx, the global demand for helium may exceed 322 millions cubic metres in 2035. Helium is widely used in manufacturing due to its cooling and inert qualities. QatarEnergy believes that the helium in its North...

The European Union announced on Monday it had reinstituted sanctions against Iran following a similar action taken by the United Nations. The EU reinstated sanctions today against Iran as a result of its continued non-compliance to the nuclear deal. In a press release, the EU presidency said that diplomatic negotiations remain possible. The EU stated that the sanctions include freezing assets of the Iranian Central Bank, other Iranian banks and travel bans for certain Iranian officials. The EU also banned Iran from purchasing and transporting crude oil, as well as the sale or supply gold and certain naval gear. The...

China's rapid production ramp-up in ethylene – a component crucial for plastics and packaging, as well as construction – is expected to lower global prices, and put pressure on U.S., and European, chemical manufacturers who are already struggling with an oversupply of chemicals and weak demand. The domestic demand in China is also waning, as the property market continues to deteriorate amid an economic slowdown. Analysts said that this could result in a flood of Chinese ethylene on global markets, which would delay a price recovery. Vertical Research Partners estimates that the world's second largest economy has ethylene production capacity...

Exosens announced on Monday that it will nearly double its planned investment in capacity after the French defence tech firm's revenue for nine months jumped by 23%, due to an increase in demand for night-vision equipment from NATO member countries. The manufacturer of night vision equipment and components for scientific instrumentation expects to increase their global capacity by 40% by the year 2027. This is an increase from the 25% it announced in March. An additional investment of £17 million ($20 million) will be made in Europe. In a recent press release, Exosens CEO Jerome Cerisier stated that the company...

Volkswagen's German plants will continue to operate normally in the next week, as it seeks to protect its supply chain against a dispute involving Dutch chipmaker Nexperia. However, the automaker warned that short-term impacts were possible. Sources told Reuters on Thursday that Volkswagen's main Wolfsburg plant production would continue as planned next week but there were uncertainties beyond that. The Chinese ban on Nexperia chips in automotive and other industries has caused supply chains to be shaken. Companies are now looking for alternatives, as they wonder how long their stockpiles will last. UNCERTAINTY RESURRES EVEN NEXT WOEEK. Volkswagen said that...

Holcim reported on Friday a slight increase in its third-quarter profits, thanks to the company's shift towards more profitable products. This helped offset currency headwinds. Holcim is trying to increase its profitability by selling low-carbon concrete and cement, focusing on more complex products such as roofing and flooring and recycling demolition waste into new raw materials. Holcim increased its profit margin from 19.7% to 20.7% over the three-month period ending September 30, reducing the impact of an appreciation in the Swiss Franc, Holcim’s reporting currency. MARGIN EXPANSION DRIVEN DIRECTLY BY A FOCUS OF HIGHER-VALUE MARKETABLE PRODUCTS The CEO of the...

Gold is gaining in popularity at London's Hatton Garden. Diamonds were once the main attraction, but gold has now taken over. Customers are flocking to the famous jewellery district in search of bullion coins and bars, expanding the pool of investors for tangible assets. "There is a mix between buying and selling, but the buying is stronger." Despite high prices, people continue to buy. "Many believe that prices will rise even further," said Mashhood a member of staff at a local store. On Monday, spot gold reached a new record of $4381 an ounce. Retail interest in gold remains high,...

Two people familiar with this matter have confirmed that Germany's Thyssenkrupp is going to start giving India's Jindal Steel International greater access to the financial details of their Thyssenkrupp Steel Europa (TKSE), business, starting next week. Last month, Jindal Steel submitted an indicative offer for TKSE. TKSE is Europe's second largest steelmaker, after ArcelorMittal. Thyssenkrupp CEO Miguel Lopez said on Monday that the talks were intense. People said that the deepening due diligence coincides the visit by a Jindal Steel delegation to TKSE headquarters in Duisburg in advance of the crunch negotiations planned for later this year. Thyssenkrupp declined to...

Metals are a hot topic these days. Silver is catching up to gold in terms of record-breaking prices. Rare earths are at the center of the U.S.-China trade dispute, and the industrial metal supply chain is bending under the new global order of tariffs. The London Metal Exchange Week (LME Week) seminars and parties this year were full of interesting topics. The annual metals conference in London last week was a great success. Here are five key takeaways. GREEN PREMIUMS Hong Kong Exchanges and Clearings (HKEx), the owner of LME, surprised LME Week by announcing a new Dubai-based subsidiary. Commodity...

Metals are a hot topic these days. Silver is catching up to gold in terms of record-breaking prices. Rare earths are at the center of the U.S.-China trade dispute, and the industrial metal supply chain is bending under the new global order of tariffs. The London Metal Exchange Week (LME Week) seminars and parties this year were full of interesting topics. The annual metals conference in London last week was a great success. Here are five key takeaways. GREEN PREMIUMS Hong Kong Exchanges and Clearings (HKEx), the owner of LME, surprised LME Week by announcing a new Dubai-based subsidiary. Commodity...

European shares rose on Monday as concerns about the stability of U.S. banks eased. Meanwhile, fresh comments by U.S. president Donald Trump helped to calm down trade tensions and encouraged investors to move towards riskier assets. As of 0915 GMT, the STOXX 600 index for Europe was up 0.6% to 569.37. The benchmark index closed Friday nearly 1% lower. European banks gained 0.8% on Sunday, placing them among the top gainers of the STOXX 600. This was after U.S. bank stocks recovered in the previous session, following the quarterly results from regional lending institutions that helped ease concerns over credit...

VSMPO - AVISMA, the largest titanium producer in the world, announced on Monday it would switch some employees who are not directly involved with production to a 4-day work week. The company stated in a press release that it planned to move some employees, who were not directly involved in production processes but were administrative staff, onto a four-day work week. The company said that the decision was made to "maintain operational stability and preserve the highly-qualified staff of the business." The company has not stated how long these measures will be in effect. This is not an easy choice,...

Investors digested corporate earnings, assessed sectoral momentum, and assessed macro signals as they digested the strong performance of banks and defense stocks. As of 0750 GMT, the continent-wide STOXX 600 Index was up 0.9% to 571.05 point. Other major regional indices were also trading higher. European banks rose by 1.6%. They were among the biggest gains in the STOXX 600. This was a rebound from Friday's 2.5% decline when investors became nervous about signs of credit pressure at regional U.S. lenders. The STOXX Aerospace & Defence index rose 2.1%. This was a rebound from Friday's sharp drop when the news...

The gold price surpassed the $4,100 mark on Tuesday. This was boosted by the expectation of a rate reduction this month by the U.S. Federal Reserve, and by investors fleeing to safety following a resurgence in trade tensions with Beijing. As of 12:46 pm, spot gold was up 0.8% at $4,143.17 an ounce. After hitting a high of $4179.48 in the earlier session, spot gold rose 0.8% to $4143.17 per ounce as of 12:46 p.m. U.S. Gold Futures for December Delivery gained 0.7% to $4.160.20. Metal prices have risen 57% in the past year. On Monday, they broke the $4,100...

Aurubis, a German company, has had preliminary discussions with the U.S. Government about the support of a new copper-smelter there following the launch a recycling facility. The biggest copper producer in Europe is looking at three options to capitalize on a U.S. push to increase domestic production of the metal. President Donald Trump announced a tariff of 50% on copper products, but excluded ores, concentrates, and cathodes. We need to first lay out our options and make more concrete proposals. Toralf Haag, CEO of the metals industry's LME Week, said that there were positive signals from the U.S. Government. The...