Latest news

United States
Feb 24, 2025

Gold reaches new record highs on the back of tariff fears and exchange-traded funds inflows

Gold prices surged on Monday to a new record high, driven by demand for safe havens amid fears over U.S. president Donald Trump's proposed tariffs. Inflows into...

Canada
Feb 24, 2025

Equinox Gold, a Canadian company, will buy Calibre Mining for $1.8 billion in an all-stock transaction.

Equinox Gold, Canada's gold mining company, announced on Sunday that it will acquire all of the outstanding shares in Calibre Mining. The deal is an all-stock transaction....

Hong Kong
Feb 24, 2025

Data shows that up to 90% of LME aluminum inventories are controlled by a single party

According to LME data released on Monday, one party controls up to 90% (or half a billion dollars) of the available London Metal Exchange aluminium inventories. The...

United Kingdom
Feb 24, 2025

Andy Home: China tightens its grip on global nickel supplies with Anglo's sale

Anglo American’s sale of its Brazilian Nickel business to China’s MMG Ltd. is a win-win for both companies. Anglo delivers on its shareholders' promise to simplify its...

Romania
Feb 24, 2025

Minister: Nuclear power projects supported by the US in Romania should not be included in election disputes

Romania's Energy Minister said that recent criticisms from members of the Trump administration regarding a cancelled elections should not affect Romanian nuclear projects supported by U.S. firms....

China
Feb 24, 2025

90 % of LME Aluminium inventories are controlled by a single party

According to LME data released on Monday, one party controls up to 90% (or half a billion dollars) of the available London Metal Exchange aluminium inventories. The...

United Arab Emirates
Feb 24, 2025

Meloni, an Italian company, has secured a pledge of investment worth 40 billion dollars from the UAE.

At a Rome bilateral summit, the United Arab Emirates announced that it plans to invest 40 billion dollars in Italy. The two countries did not give a...

China
Feb 24, 2025

Rusal, a Russian company, cancels bond placings following EU sanctions

Market sources reported that Rusal, the Russian aluminium manufacturer, cancelled on Monday a placement of Yuan and Rouble bonds after the EU banned imports of primary aluminium...

France
Feb 24, 2025

Rheinmetall converts German factories for defence equipment

Rheinmetall, Europe’s leading ammunition manufacturer, plans to convert two of its German automotive plants to make primarily defence equipment. This will highlight the impact of a surge...

China
Feb 24, 2025

Copper prices fall on Chinese inventories and tariff threats

Copper prices fell on Monday, as traders focused their attention on U.S. president Donald Trump's threats to impose tariffs and the changing demand signals coming from China,...

Africa
Feb 24, 2025

Sasol leaves coal export market and focuses on improving quality

Executives from the South African petrochemical company Sasol announced on Monday that it is leaving the coal export market and starting a de-stoning program to improve the...

Saudi Arabia
Feb 24, 2025

Platts says that the Brent crude oil benchmark is working as expected and no changes are planned.

S&P Global Commodity Insights (Platts), a commodities reporting agency that provides information on commodity prices, stated Monday that the dated Brent crude oil market is working well...

Saudi Arabia
Feb 24, 2025

Iraq announces it will update its Overproduction Compensation Plan

Iraq reaffirmed Monday its commitment to the OPEC+ Agreement and said that it would present an update plan to compensate any overproduction from previous periods. Baghdad said...

South Asia
Feb 24, 2025

Bangladeshi migrants are at risk of abuse after being exiled from the Gulf due to climate change

Climate change forces families abroad to send relatives Migrants are at risk of sexual abuse, wage denial, and other forms of abuse. Experts call for better protection...

United States
Feb 24, 2025

Metal prices rise for US manufacturers as tariffs approach

In the past two weeks the price of steel Glen Calder purchases for his small machinery manufacturing factory in South Carolina has risen over 15%, but Brian...

Syria
Feb 24, 2025

EU lifts sanctions on Syria, including those on banking and energy

The European Union has suspended sanctions against Syria, including those relating to energy, banking and transport, with immediate effect. The EU has implemented a number of sanctions...

Pollution
Feb 24, 2025

Draft shows that EU will exempt most companies of carbon border levies

A draft proposal by the European Commission showed that the Commission would propose to exempt "the vast majority of" companies from the EU's Carbon Border Levy because...

Saudi Arabia
Feb 24, 2025

OPEC+ faces a loss of control if it delays its output further: Bousso

OPEC, along with its allies, is faced with a difficult decision: Should they begin lowering the oil production cap even though crude supply and demand are unlikely...

Iran
Feb 24, 2025

Iraqi minister: Iraq is waiting on Turkey's approval before restarting oil flow from Kurdistan.

Iraq's oil minister announced on Monday that it is awaiting Turkey's approval before restarting the oil flow out of the Iraqi Kurdistan Region. Hayan Abdel Ghani, a...

Taiwan
Feb 24, 2025

After conservatives won the election, euro and German stocks rose.

Euro and German stocks rose on Monday, as investors welcomed the election results in Germany that placed centrist parties on course to form a government. However, optimism...

United Kingdom
Feb 24, 2025

Subsea 7 and Saipem from Norway will create a European leader in energy services

The two companies announced late Sunday that Italy's Saipem had agreed to merge its onshore and offshore energy service provider Subsea 7 with Subsea 7, in a...

Canada
Feb 24, 2025

National Grid sells US Renewables Arm to Brookfield for $1.7 billion

National Grid, a British company, announced on Monday that it had reached an agreement to sell its U.S. Onshore Renewables business to Canadian Investment firm Brookfield Asset...

China
Feb 24, 2025

Sources say that Shenhua China has halted spot coal imports due to a rise in port inventories.

China Shenhua Energy, China's biggest coal miner and importer, has stopped buying imported coal on the spot market as port stocks grow. Three traders who are familiar...

Africa
Feb 24, 2025

Amplats suspends operations in South African mine following heavy rains

Anglo American Platinum announced that it had stopped operations at its Tumela Mine in South Africa after flooding was caused by excessive rains. The company, however, maintained...

China
Feb 24, 2025

The rise in iron ore is halted after four days due to increased duties on Chinese steel

Dalian iron-ore futures prices ended a four day winning streak on Sunday as increased levies against Chinese steel dampened prospects for demand. However, decreasing portside stocks in...

Africa
Feb 24, 2025

New attempt made by countries to reach $200 billion nature finance agreement

This week, countries will gather in Rome to try again to figure out how to raise $200 billion per year to preserve biodiversity around the world. It's...

New Zealand
Feb 24, 2025

New Zealand Foreign Minister to Question Chinese Naval Activity in Beijing

New Zealand's foreign minister Winston Peters is scheduled to arrive in Beijing for a 3-day visit on Tuesday. Relations between the two nations are strained following the...

Japan
Feb 24, 2025

MORNING BID EUROPE - Relieved as German vote avoids extremes

Wayne Cole gives us a look at what the future holds for European and global markets. Markets are relieved that the CDU/CSU, a relatively mainstream conservative party...

United Kingdom
Feb 24, 2025

Oil prices slip as Kurdistan export resumption looms

Oil prices in Asia fell on Monday, continuing losses from the previous week, as investors awaited clarification on the talks to end Russia's conflict with Ukraine. Brent...

Oil & Gas
Feb 24, 2025

Petrobras Considers Cancelling FPSO Tender

Petrobras is considering cancelling a tender to charter an FPSO from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters.The state-run firm believes...

China
Feb 24, 2025

New Zealand Foreign Minister to Question Chinese Naval Activity in Beijing

New Zealand's foreign minister Winston Peters is scheduled to arrive in Beijing for a 3-day visit on Tuesday. Relations between the two nations are strained following the...

United Kingdom
Feb 24, 2025

London Copper prices fall as US tariffs loom

London copper prices eased Monday, as metal demand weakened after President Donald Trump's recent threat to increase tariffs. The price of three-month copper at the London Metal...

China
Feb 23, 2025

The rise in iron ore is halted after four days due to increased duties on Chinese steel

Dalian iron-ore futures prices ended a four day winning streak on Sunday as increased levies against Chinese steel dampened prospects for demand. However, decreasing portside stocks in...

United Kingdom
Feb 23, 2025

Oil dips on pending Kurdistan supply resumption

Oil prices fell in the early hours of Monday's trade, continuing losses from last weekend, as investors awaited clarification on talks to end Russia’s war against Ukraine....

Australia
Feb 23, 2025

Ampol Australia falls on profits plunge and decade-low dividend

Ampol, an Australian fuel retailer, saw its shares fall by nearly 10% after the company reported a sharp decline in annual profits and declared its lowest dividend...

United States
Feb 23, 2025

Some US agencies warn workers against responding to Musk's email 'What did You do last week?'

Multiple U.S. government agencies have warned employees to not respond to Elon Musk's demand that they list their achievements in the last week, or face being fired....

Spain
Feb 23, 2025

BBVA increases sustainable finance target by 700 billion Euros

BBVA announced on Monday that it has increased the target amount for lending to sustainable businesses to 700 billion Euros ($732.7 billion). The lender had previously set...

Germany
Feb 23, 2025

The conservative policies of Friedrich Merz

The conservative Christian Democratic Union in Germany (CDU) along with its Bavarian sister party, the CSU, won the elections on Sunday. They are likely to form the...

United States
Feb 23, 2025

Trump's envoy: US companies may do business with Russia in the event of a peace agreement

Steve Witkoff, the special envoy of President Donald Trump, said that a peace agreement between Russia and Ukraine would allow U.S. companies to do business in Russia....

Sudan
Feb 23, 2025

Sudan's army gains key advancements after signing the political charter

Sudan's Army said Sunday that it had retaken control of el-Gitaina from the Rapid Support Forces, located just south of capital. It also broke the siege of...

Africa
Feb 23, 2025

South Africa suffers the worst power outages in history as a result of faulty generation units

Eskom, South Africa's power utility, has restored six power units after the highest level of controlled power cut early on Sunday. This was after several failures occurred...

Ukraine
Feb 22, 2025

Officials in Ukraine say that Russian attacks have damaged houses in Kyiv and killed one person in Kryvyi Rih.

Officials said that Russia launched several missile and drone attacks against Kyiv, and other parts in Ukraine overnight, killing a civilian in Kryvyi Rh and damaging cars...

Kenya
Feb 22, 2025

Two signatories claim that Sudan's RSF and allies have signed a charter to form a parallel government.

Signatories al-Hadi Idris, and Ibrahim al-Mirghani said that Sudan's Rapid Support Forces had signed a charter late Saturday night with allied political groups and armed forces to...

Japan
Feb 22, 2025

Berkshire increases investments in Japanese trading companies

Warren Buffett announced on Saturday that Berkshire Hathaway, the conglomerate he leads, will likely increase Berkshire Hathaway's ownership of its five Japanese trading companies. In his letter...

Environment
Feb 22, 2025

Draft shows EU will reduce sustainability rules for businesses

A draft document obtained by revealed that the European Commission intends to reduce the number of businesses subject to EU sustainability reporting obligations as part of its...

Japan
Feb 22, 2025

Berkshire increases investments in Japanese trading companies

Warren Buffett announced on Saturday that Berkshire Hathaway, the conglomerate he founded, will likely increase Berkshire's ownership of five Japanese trading companies it owns. In his annual...

Japan
Feb 22, 2025

Warren Buffett warns Washington after Berkshire announces record profits and cash

Berkshire Hathaway reported record profits on Saturday, even as it increased its cash stake from $334.2 billion to $334.2 trillion. Warren Buffett warned Washington in his annual...

Syria
Feb 22, 2025

The oil ministry has announced that the northeast of Syria will begin supplying oil directly to Damascus.

Ahmed Suleiman, spokesman for the Syrian oil ministry, said on Saturday that Kurdish-led officials in northeast Syria are now supplying oil to Damascus from the local fields...

Iraq
Feb 22, 2025

Iraq's Oil Ministry says that procedures for oil exports via Turkish pipeline are complete

In a statement issued on Saturday, the Iraqi oil ministry stated that all procedures were completed for the resumed exports via the Iraq-Turkey pipe. Iraq's Oil Minister...

Wind Farms
Feb 22, 2025

France’s EDF Reports $944M Impairment on US Offshore Wind Project

State-owned French power giant EDF is taking a 900 million euro ($944.4 million) impairment charge on the Atlantic Shores offshore wind farm project in the United States...