Latest news

United States
Feb 13, 2025

AEP's fourth-quarter profits rise as demand for electricity increases due to data centers

American Electric Power, a U.S. utility, posted an increase in its fourth-quarter profits on Thursday as the demand for electricity from commercial customers was boosted by data...

India
Feb 13, 2025

Tata Motors India plans to double the number of EV charging stations

Tata Motors (India's EV leader) announced on Thursday that it would more than double the number of charging points in India to 400,000 within two years. This...

South Asia
Feb 13, 2025

Asia replaces Russian crude oil quickly: Russell

Asia's crude markets are quickly adjusting to the new sanctions against Russia, grabbing cargoes as they come and looking for alternatives to deliver in the coming months....

United States
Feb 13, 2025

Business Minister says UK is hopeful about U.S. steel duty exemption

The British business minister stated on Thursday that Britain would try to convince the U.S. Government to avoid tariffs for its steel and aluminum products due to...

Philippines
Feb 13, 2025

Apptronik raises 350 million dollars to scale up production of humanoid robotics

Apptronik announced on Thursday that it had raised $350m in a funding session led by B Capital, Capital Factory and Alphabet's Google, for the production of AI...

United States
Feb 13, 2025

PG&E increases its core earnings forecast for 2025 on the basis of higher electricity rates

PG&E Corp. raised its core earnings forecast on Thursday, benefiting from lower operating costs and higher electricity prices. California Public Utilities Commission has approved an additional request...

United States
Feb 13, 2025

Duke Energy increases five-year capital expenditure plan to meet increased industrial and data center demand

Duke Energy raised its five-year plan for capital expenditures to $83 billion on Thursday, an increase of 13.7%. The utility is looking to improve its grid in...

China
Feb 13, 2025

China's fuel consumption may have reached its peak, the IEA reports

The International Energy Agency (IEA), which released data on Thursday showing that China's road and air transportation fuels have likely reached their peak, said the agency. Data...

Canada
Feb 13, 2025

Canada's Robex signs a new agreement with Mali to develop the Nampala gold mine

The Mali government announced that Canadian miner Robex had signed a new contract with the country to operate the Nampala mine located about 300 km south of...

United States
Feb 13, 2025

PBF Energy reports third consecutive quarter loss due to falling margins

PBF Energy reported a third consecutive quarter loss on Thursday as the U.S. refining company was hit by a decline of margins. The Parsippany refiner in New...

United Kingdom
Feb 13, 2025

Aluminium and copper prices are tightened by US tariff uncertainty

The prices of aluminium and copper were largely unchanged on Thursday, as the markets assessed the impact President Donald Trump’s decision to impose tariffs of 25% on...

India
Feb 13, 2025

Palm oil prices fall on Dalian crudes and Dalian oils.

Malaysian palm futures fell on Thursday, ending a five session rally. Weakened Dalian oils, and a decline in crude oil prices caused by the talks to end...

United States
Feb 13, 2025

Elliott, a hedge fund that is known for its relentless activism, has captured the attention of C-suites.

Bankers and lawyers that have dealt with Elliott Investment Management say that executives should expect to receive a thorough analysis of their weaknesses, backed up by rigorous...

China
Feb 13, 2025

Gold's lightning run rains down on India's wedding seasons, China offers discounts

The stellar rise in global gold prices has cast a dark shadow over jewellery purchases during India's wedding season. Dealers in China have offered discounts to entice...

Norway
Feb 13, 2025

Scatec CEO: Cheaper solar panels and batteries will expand renewables' role on the power market

Scatec's CEO, who is a developer of renewables, said that cheaper solar power and batteries are increasing the role of these technologies in stabilising the energy system...

Italy
Feb 13, 2025

The Eurozone industry shrinks faster in December than expected

The euro zone's industrial production declined more than expected in the month of December, showing that the two-year slump is still far from over, even though some...

Iran
Feb 13, 2025

IEA: Russian oil production unaffected so far by US sanctions

The International Energy Agency (IEA), in its latest report on the oil market, said that Russian oil exports may be maintained if workarounds are found to the...

United States
Feb 13, 2025

China's Iron and Steel Association warns that US steel tariffs could spark a global trade war.

China Central Television reported that the Iron and Steel Association of China said that the 25% increase in tariffs on all steel and aluminium exports to the...

Taiwan
Feb 13, 2025

Four dead in suspected gas explosion at Taiwan mall

The fire department reported that a suspected gas explosion occurred at a department shop in central Taiwanese Taichung on Thursday. At least four people were killed and...

Ukraine
Feb 13, 2025

Stocks surge in Russian rouble after Trump-Putin meeting

The Russian rouble, and its stocks, surged Thursday following a phone conversation between U.S. president Donald Trump and Russian president Vladimir Putin. In the call the two...

India
Feb 13, 2025

Steel tariffs and tax concerns overshadow supply problems as iron ore prices decline

Iron ore futures in Dalian ended a two-day rally on Thursday as fears over U.S. Steel Tariffs and possible India taxes trumped supply problems from Western Australia....

Spain
Feb 13, 2025

Outokumpu Finland reports Q4 core losses in a weak stainless steel market

Outokumpu, Finland, reported on Thursday a small loss in its core business for the fourth quarter. The company had previously warned of a weak stainless-steel market and...

India
Feb 13, 2025

Adani, the Indian company, has announced its withdrawal from wind energy projects in Sri Lanka

According to a letter the company sent to a Sri Lankan agency, India's Adani Green Energy has announced that it will pull out of two proposed wind...

Australia
Feb 13, 2025

Australia's 50 wealthiest now control $153 billion as Rinehart again tops the list

Forbes reported on Thursday that the combined wealth of Australia’s 50 richest individuals has increased by nearly 10%, to A$243.92 billion ($152.92 Billion), in the last 12...

Wind Farms
Feb 13, 2025

Maguire: Recovering wind power may cool Europe's hot gas market

The wind-powered electricity produced in Europe in January 2024 was down by more than 7%, denying regional power producers a vital source of clean energy just as...

United States
Feb 13, 2025

Oil drops as a potential Ukraine peace agreement may ease supply disruptions

The oil prices dropped on Thursday as a result of expectations that a possible peace agreement between Ukraine and Russia will end the sanctions that have disrupted...

Brazil
Feb 13, 2025

Asia replaces Russian crude oil quickly: Russell

Asia's crude markets are quickly adjusting to the new sanctions imposed against Russia, grabbing cargoes as they come and looking for alternatives to deliver in the coming...

Oil & Gas
Feb 13, 2025

Vantage to Explore Drilling Opportunities with Dorado Drillship

Offshore drilling contractor Vantage Drilling has entered into a marketing agreement with Eldorado Drilling for the seventh generation ultra-deepwater drillship Dorado.Vantage Drilling will market the Dorado drillship...

India
Feb 13, 2025

Sources say that India's Tata Steel is likely to return to the bond market following a near one-year absence.

Two sources with knowledge of the matter confirmed on Thursday that India's Tata steel is set to return to the corporate bond markets after an absence of...

United States
Feb 13, 2025

Aluminium prices rise as traders evaluate trade war risks

Aluminum prices fluctuated on Thursday, as traders assessed the risks of a trade war after President Donald Trump imposed 25% tariffs on imports of steel and aluminum....

United States
Feb 12, 2025

US data on gold and trade wars is in focus

Gold prices rose on Thursday as investors watched developments regarding President Donald Trump's proposed tariffs, which could spark a global trading war. They also awaited important U.S....

United States
Feb 12, 2025

Dalian iron ore gains on Australia's supply concerns

Dalian iron-ore futures prices increased for the second session in a row on Thursday. This was largely due to lingering worries about weather-related disruptions of supply in...

United States
Feb 12, 2025

Ford CEO meets with legislators after raising concerns over tariffs

Jim Farley, the CEO of Ford Motor Company, met with U.S. legislators on Wednesday. He had expressed concerns earlier this week that tariffs of 25% on Mexico...

United States
Feb 12, 2025

Oil drops as a potential Ukraine peace agreement may ease supply disruptions

Oil prices fell Thursday as a result of expectations that a possible peace deal between Ukraine, Russia and the EU would end sanctions which have disrupted supplies....

Australia
Feb 12, 2025

Australia's trade minister said that the US has approved of Australia's increased aluminium exports.

Don Farrell, Australia's Trade Minister, said that the U.S. had approved the increase in aluminium supplies to Australia. This was a response to Canberra's application for exemption...

United States
Feb 12, 2025

Andy Home: Tariff threat creates rift between copper prices in the US and Europe

The market has already priced in the possibility that after steel and aluminium, the red metal could be the next to receive import tariffs. In recent days,...

Australia
Feb 12, 2025

Global Lithium Australia management resigns before AGM

Global Lithium Resources, an Australian company, announced on Thursday that two of its three directors had resigned ahead of a shareholder meeting scheduled for later that day....

Australia
Feb 12, 2025

South32's profit for the first half of the year is boosted by strong aluminium and copper sales

South32, a diversified Australian miner, reported a nine-fold increase in its first-half profits on Thursday. This was due to higher sales of aluminium and copper and high...

Brazil
Feb 12, 2025

Miner Vale will invest $12 billion in expanding Carajas, the Brazilian government has said

The Brazilian miner Vale announced on Wednesday that it would announce a 70 billion real investment ($12.2 billion), on Friday, to expand its copper and iron ore...

Ukraine
Feb 12, 2025

IAEA chief: Military activity stopped Zaporizhzhia Monitor Rotation

The head of United Nations nuclear watchdog, said that intense military activity was the reason for the cancellation of a rotating mission of monitors on Wednesday at...

United States
Feb 12, 2025

Albemarle benefits from cost cuts to offset the low lithium price

Albemarle is the world's biggest producer of lithium. Cost cuts offset the low price of the metal used in electric vehicle batteries. However, adjusted results announced on...

Argentina
Feb 12, 2025

China's Ganfeng begins lithium production at Argentina’s Mariana Project

The Ganfeng lithium mining company in China has started producing lithium in its Mariana project, located in northern Argentina. This is the first of many new lithium...

United States
Feb 12, 2025

Gold prices rise as concerns about trade wars support the price

Gold prices stabilized on Wednesday amid safe-haven demand amid fears that a global trade conflict could be sparked by President Donald Trump's tariffs, as the market digested...

Brazil
Feb 12, 2025

Brazil's Lula will meet with the agency to discuss Petrobras' bid for drilling near the mouth of Amazon River

He told a local station that he would meet with Ibama, the Brazilian environmental agency, this week or next to discuss Petrobras’ bid to drill near the...

United States
Feb 12, 2025

Johnson, the US House Speaker, believes that White House is considering exemptions from reciprocal tariffs

Mike Johnson, Republican Speaker of the U.S. House of Representatives, said Wednesday that he believed President Donald Trump was considering exemptions from reciprocal tariffs for industries such...

United States
Feb 12, 2025

Chevron will lay off between 15% and 20% of its global workforce

The U.S.-based oil company announced on Wednesday that it will reduce its workforce globally by 15% to 20% between 2026 and 2028 in order to reduce costs...

United States
Feb 12, 2025

Johnson, the US House Speaker, believes that White House is considering exemptions from reciprocal tariffs

Mike Johnson, Republican Speaker of the U.S. House of Representatives, said Wednesday that he believed President Donald Trump was considering exemptions from reciprocal tariffs for industries such...

Spain
Feb 12, 2025

Finland's first green hydrogen plant starts commercial production

The Finnish company P2X Solutions announced on Wednesday that it has begun commercial production of green hydrogen at its facility, which is a first-of-its-kind in Finland. It's...

India
Feb 12, 2025

US manufacturers are facing increasing trade tensions

Austin Ramirez, a Wisconsin-based businessman, had planned to build a factory in Mexico until very recently as part of the company's global strategy to shift production away...

United States
Feb 12, 2025

Brazil suggests steel quotas and calls for dialogue on trade with the US

Brazil's Vice-President Geraldo Alckmin called on Wednesday for "caution", and said that the South American nation would seek dialogue after President Donald Trump decided to impose 25%...