Latest news

Hungary
Jul 3, 2025 6:06 AM

Kyiv: EU permits more power imports to Ukraine

The European Union increased the maximum import capacity from Ukraine of electricity by 38.5%. This gives Kyiv an opportunity to earn money for rebuilding power plants destroyed...

Italy
Jul 3, 2025 6:06 AM

What if you prayed to stop climate change? Now there's a Catholic Mass to stop climate change

The Vatican published a new rite on Thursday that will allow priests celebrate a Mass exhorting Catholics to care for the Earth. This is the latest effort...

Mineral Resources
Jul 3, 2025 6:03 AM

News agencies report that Russia is suing for its ownership stake in Uzhuralzoloto's gold producer.

Russian news agencies, citing sources in law enforcement, reported that the office of Russia’s Prosecutor-General has filed a suit to transfer ownership of certain shares of gold...

Africa
Jul 3, 2025 6:02 AM

South African miners say proposed Chrome Export Tax threatens jobs

The Minerals Council of South Africa has warned that the proposed tax on chrome ore exports will reduce profitability for miners and cause job losses in the...

South Asia
Jul 3, 2025 5:03 AM

Gold held at a narrow level as the spotlight turns to US employment data

The gold price was stuck in a range on Thursday, as investors waited for the non-farm payrolls report from the United States that could affect when Federal...

Japan
Jul 3, 2025 5:03 AM

Nippon Steel will raise $5.6 Billion in Subordinated Loans to Fund U.S. Steel Deal

Nippon Steel, Japan's steel giant, announced on Wednesday that it will raise 800 billion yen (5.6 billion dollars) via two subordinated loan to partially finance its recent...

United States
Jul 3, 2025 5:02 AM

US court recommends Dalinar’s $7.38 Billion bid for Citgo parent

According to a filing in court and a statement from the company, a U.S. court official overseeing the auction of PDV Holdings - the parent company of...

China
Jul 3, 2025 5:02 AM

Prices of copper remain near their multi-month highs due to supply constraints and US tariff fears

The London Metal Exchange (LME) and Shanghai Futures Exchange (SFE) both held copper near its highest level since late March. This was due to concerns about a...

China
Jul 3, 2025 3:04 AM

China moves to reduce industrial overcapacity, resulting in a rise in iron ore

Iron ore futures rose on Thursday as China redoubled its efforts to reduce industrial excess capacity and curb price wars triggered by increased competition. The September contract...

United States
Jul 3, 2025 3:04 AM

Oil prices fall as US tariffs loom, OPEC+ to increase output

Oil prices dropped on Thursday, after rising 3% the previous day, as investors were wary that higher U.S. Tariffs could be reinstated and cause a drop in...

China
Jul 3, 2025 2:04 AM

Sources say that Shandong province in China has increased the fuel oil import tax exemptions for certain refineries.

Industry sources reported this week that the provincial government of Shandong in China, China's refinery hub, increased the fuel oil import tax exemptions for six independent refining...

Scandinavia
Jul 3, 2025 2:03 AM

Morning bid Europe: Trade optimism is replaced by caution about US jobs

Stella Qiu gives us a look at what the future holds for European and global markets. The session in Asia has been pretty quiet, and for good...

China
Jul 3, 2025 2:02 AM

China's North and West on Alert after Deadly Floods Caused by Sweeping Rains

China's west and north were bracing for flash floods on Thursday, as the annual "Plum Rains" left a path of destruction. This prompted thousands of rescue workers...

United Arab Emirates
Jul 3, 2025 1:03 AM

PMI: UAE non-oil industry grows steadily as regional tensions impact demand

A survey on Thursday showed that the UAE's private non-oil sector grew steadily during June, even though regional tensions affected demand and firms increased output to clear...

Saudi Arabia
Jul 3, 2025 1:03 AM

PMI data shows that Saudi Arabia's growth in the non-oil sectors accelerated in June due to strong demand.

A survey released on Thursday showed that the expansion of Saudi Arabia's private non-oil sector activity increased in May due to a strong client demand as well...

Oil & Gas
Jul 3, 2025 12:30 AM

RightBridge Ventures Agrees Reverse Takeover of Swemar

RightBridge Ventures Group has announced a proposed reverse acquisition of Swemar, which has entered into an agreement to acquire an offshore oil service company with operations across...

Wind Farms
Jul 3, 2025 12:30 AM

OEG to Assist with Inch Cape Offshore Wind Farm Buildout

Energy solutions business OEG has signed a significant multi-million-dollar contract to support the construction phase of the Inch Cape offshore wind farm in Scotland, being developed by...

United Kingdom
Jul 2, 2025

Prices of copper remain near their multi-month highs due to supply constraints and US tariff fears

The London Metal Exchange (LME) and Shanghai Futures Exchange (SFE) both held copper near its highest level since late March. This was due to concerns about a...

India
Jul 2, 2025

Investors wait for US payroll data to get Fed policy clues

Investors held off on making large bets as they awaited the U.S. Payroll data that would be released later in the day to get a better idea...

China
Jul 2, 2025

China's North and West on Alert after Deadly Floods Caused by Sweeping Rains

China's west and north were braced on Thursday for flash floods, as the annual "Plum Rains" left a path of destruction. This prompted thousands of rescue workers...

United Kingdom
Jul 2, 2025

Oil drops on signs of weak US Demand ahead of Key Jobs Report

On Thursday, oil prices fell, reversing the gains of the previous session. This was due to concerns about weak U.S. Demand after data from the government showed...

United States
Jul 2, 2025

Bunge and grain handler Viterra complete long-delayed mega merger

Bunge Global, a global agribusiness, announced that it had officially closed the long-delayed $34 billion mega deal with Glencore-backed Viterra. This announcement was made two years ago....

United States
Jul 2, 2025

Former Jan. 6 defendant sentenced to life for plotting to kill FBI agents

According to court records and the U.S. Justice Department, a man who participated in the attack on the U.S. Capitol on Jan. 6, 2021 was sentenced on...

Greece
Jul 2, 2025

Greek firefighters fight wildfires on the island of Crete

Greek firefighters fought a fire that raged in the popular vacation destination Crete on Wednesday, burning forestland, threatening homes, and forcing the evacuation of tourists and residents...

South Asia
Jul 2, 2025

Stocks reach record highs, gilt yields soar on Finance Minister uncertainty

The global stock market rose to record levels on Wednesday, after U.S. labor data revealed an unexpectedly low reading. Meanwhile, British government bond yields soared amid speculation...

Australia
Jul 2, 2025

Vale reduces forecast for iron ore aggregates production amid market weakness

Vale, a Brazilian miner, has lowered its projections for the production of iron ore pellets in 2025 due to concerns about oversupply and decreased demand for high...

India
Jul 2, 2025

Stocks reach record highs, and gilt yields soar on uncertainty about the Finance Minister

Global stocks rose on Wednesday, after U.S. labor data revealed a surprising soft reading. Meanwhile, British government bond yields soared amid growing speculation over the future of...

Spain
Jul 2, 2025

Development bank chiefs insist that climate change and women's empowerment must be given priority.

The heads of the two largest MDBs from Asia and Europe said that they need to focus more on climate action, and empowering women. They are being...

United States
Jul 2, 2025

Oil futures and options traded at record levels during Q2 as investors navigated volatility

The total oil futures lots and options traded on the Intercontinental Exchange reached record highs during the second quarter as U.S. president Donald Trump waged a global...

Brazil
Jul 2, 2025

Brazil will hold an extra oil auction in order to boost revenues amid fiscal uncertainty

A senior energy official announced on Wednesday that Brazil will hold an additional oil sale this year in uncontracted offshore areas of the pre-salt region, following the...

Venezuela
Jul 2, 2025

Q&A: Is Venezuela on the verge of losing its prized foreign asset, Citgo?

At least three consortiums have submitted improved bids at the last minute in an auction of shares of Citgo Petroleum, the parent company of Venezuelan-owned Citgo Petroleum....

Switzerland
Jul 2, 2025

Source: Glencore talks to UK government about insolvent Lindsey refinery supply

According to a source with knowledge of the situation, commodities trader Glencore has been in discussions with the British Government about the status and future of its...

United Kingdom
Jul 2, 2025

TotalEnergies UK assets to be purchased by Prax are still unsold

By America Hernandez PARIS, 2 July - TotalEnergies West Shetland Offshore assets, which it sold to Prax Group in the past year, remain under French oil major...

India
Jul 2, 2025

Stocks rise after ADP is weak, and gilt yields soar on Finance Minister's worries

Global stock markets were essentially unchanged following U.S. labor market data that showed a surprising weak reading. Meanwhile, British government bond yields soared amid speculation over the...

United States
Jul 2, 2025

Grain prices near record lows due to supply pressure

Chicago corn fell on Wednesday, but remained near the contract lows. The U.S. Midwest is expected to enjoy favorable weather conditions for the remainder of the year,...

South Asia
Jul 2, 2025

SBI flags Reliance Communications Loan Account for Fraud

State Bank of India has classified the Reliance Communications loan account as fraudulent. The bank cites alleged misappropriation of funds dating back to 2016 in an alleged...

Nigeria
Jul 2, 2025

IMF says Nigeria must re-calibrate its budget to lower oil prices

The International Monetary Fund (IMF) said that Nigeria must adapt its budget for 2025 to lower oil costs and increase cash transfers in order to protect the...

Kazakhstan
Jul 2, 2025

Kazakhstan cancels plans for Karachaganak Gas Processing Plant with Foreign Shareholders

The Kazakhstani energy ministry announced on Wednesday that it had canceled plans to build a processing plant for gas at the Karachaganak Field with the project's major...

United States
Jul 2, 2025

Sources say that Vitol Group has bid more than $10 billion for Citgo parent company.

Two sources familiar with the bid told us on Wednesday that a group led by commodities trading company Vitol had submitted a bid in excess of $10...

Canada
Jul 2, 2025

France's Orano claims its Niger uranium mining is on the verge of bankruptcy

The French uranium mining company Orano announced on Wednesday that its joint venture with Niger SOMAIR is nearing bankruptcy due to export restrictions imposed on it by...

Brazil
Jul 2, 2025

Russian seaborne diesel exports fall in June, data shows

According to LSEG data and market sources, the volume of Russian seaborne gasoil and diesel exports dropped by 6% in June on a month-to-month basis. This was...

United States
Jul 2, 2025

Gold prices rise as rate-cut bets are boosted by weak ADP employment data

Gold prices rose on Wednesday, as investors awaited the non-farm payrolls report for more market signals on monetary policies. As of 1246 GMT spot gold rose 0.3%,...

Africa
Jul 2, 2025

IMF says Nigeria must re-calibrate its budget to lower oil prices

The International Monetary Fund (IMF) said that Nigeria must adapt its budget for 2025 to lower oil costs and increase cash transfers in order to protect the...

Carbon Emissions
Jul 2, 2025

EU compensates exporting industries for Carbon Levy

The European Commission announced on Wednesday that European companies who export their products abroad will be compensated for the CO2 emission costs they incur in Europe. This...

South Asia
Jul 2, 2025

NDTV Profit reports that India's Nykaa shareholder will sell a stake worth $150 Million.

Harindarpal Singh Banga, a Hong Kong-based investor, and his family plan to sell a stake in Nykaa worth $12.84 billion (US$149.93m) through a group deal, reported news...

England
Jul 2, 2025

HIGHLIGHTS-Tennis-Wimbledon day three

Highlights from the third day of Wimbledon Tennis Championships on Wednesday. 1145 PLAY UNDER THE WAY Rain caused a delay of one and a half hours at...

Norway
Jul 2, 2025

Engie buys DNO's Norwegian gas production for four years

The Norwegian company DNO announced on Wednesday that it had sold all of its gas production from the Norwegian continental shelf over a period of four years...

China
Jul 2, 2025

The yuan strengthens as tariff uncertainty is offset

The price of copper rose on Wednesday, as the weaker dollar and stronger yuan in China, a major metals consumer, offset concerns about trade tensions around the...

Germany
Jul 2, 2025

Allianz: Heatwaves could reduce GDP in Europe by 0.5 percentage points

A report by Allianz Research found that recent heatwaves in Europe could slow the economic growth of Europe by half a point by 2025. The report compared...

Renewable Energy
Jul 2, 2025

German wind power increases as spot prices fall.

German and French baseload electricity prices for the day ahead fell by around 20% on Wednesday, as a cooling heatwave in Europe is expected to reduce demand....