Latest news

China
Mar 19, 2025

Andy Home: Congo conflict double trouble for the global tin industry

Alphamin Resources' decision suspending operations at the Bisie Tin Mine in the Democratic Republic of Congo highlights the fragility of the global tin supply chain. As the...

China
Mar 19, 2025

Prudential's profit in 2024 will rise on the strength of Asia-African growth and more agents

Prudential PLC reported a higher adjusted operating profit (before tax) for fiscal 2024, Thursday. The Asia-focused insurer was able to benefit from the strong performance of its...

Ukraine
Mar 19, 2025

Energy secretary: US could operate Ukraine's power stations if they help for ceasefire

U.S. Energy Sec. Chris Wright said that the United States would be willing to take over the running of Ukrainian power plants if it was necessary to...

Colombia
Mar 19, 2025

Colombia will launch a copper auction in May to replace imports

A senior official in the sector said that the government of Colombia will hold an auction for copper mining projects in May. The auction is part of...

United Arab Emirates
Mar 19, 2025

Abu Dhabi's ADQ and ECP partner on $25 billion plus data centre energy projects

Abu Dhabi's sovereign wealth fund ADQ teamed up with U.S. Private Equity firm Energy Capital Partners in order to invest over $25 billion into energy projects for...

Qatar
Mar 19, 2025

M23 rebels invade the outskirts of Walikale, a town in east Congo

Residents report that M23 rebels, backed by Rwanda, continued their offensive on the eastern Congo, a day after both the Congolese president and the Rwandan president called...

United States
Mar 19, 2025

Stellantis' Elkann: European carmakers should avoid the defence industry

Stellantis' chairman said that the European automotive industry doesn't need to switch to defence production. He also confirmed the group will appoint its new CEO by the...

United Kingdom
Mar 19, 2025

FTSE 100 closed little changed as Fed and BoE rate decisions loomed.

The UK's FTSE 100 ended flat on Wednesday as investors remained cautious ahead of the U.S. Federal Reserve interest rate decision that would be made later in...

China
Mar 19, 2025

Source: Rusal, a Russian company, plans to continue bond placements of 500 million yuan next week.

A financial source revealed that Rusal, the Russian aluminium giant, has resumed a plan to issue bonds worth 500 million Yuan ($69.16 millions) which was cancelled at...

Canada
Mar 19, 2025

Panama's economy will slow to 2.9% growth in 2024 following the closure of key mines

Official data released on Wednesday showed that Panama's GDP grew by 2.9% in 2024. This is a significant slowdown from the 7.4% growth of the previous year,...

Nigeria
Mar 19, 2025

Nigeria's Dangote Refinery announces it will stop selling fuel in local currency

The huge Dangote Petroleum Refinery in Nigeria announced on Wednesday it would temporarily suspend fuel sales in local currency naira to avoid a mismatch in sales and...

United States
Mar 19, 2025

Williams-Sonoma, Pottery Barn's owner, warns about tariffs impacting margins in 2025; shares fall

Williams-Sonoma, the parent company of Pottery Barn, warned that tariffs imposed by the Trump Administration on China, Canada, Mexico, and steel and aluminum will affect its fiscal...

Netherlands
Mar 19, 2025

Louis Dreyfus continues to plan for North America oilseeds despite tariff storm

The CEO of the global crop merchant said that despite tariff tensions, he expects Canadian vegetable oils to continue to flow to the United States. The use...

China
Mar 19, 2025

Andy Home: Congo conflict double trouble for the global tin industry

Alphamin Resources' decision suspending operations at the Bisie Tin Mine in the Democratic Republic of Congo highlights the fragility of the global tin supply chain. As the...

United States
Mar 19, 2025

Saudi Aramco-backed Cognite taps India in AI expansion bet

Cognite, a Saudi Aramco-backed software company for industrial applications in Bengaluru in southern India, opened its AI service center on Wednesday and announced that it was exploring...

Ukraine
Mar 19, 2025

Drones from Ukraine target Russian energy plants

On Wednesday, Russia accused Ukraine of trying to sabotage the 30-day moratorium against striking each other's infrastructure. This came a day after Russian president Vladimir Putin and...

Luxembourg
Mar 19, 2025

European steelmakers comment on EU Steel Action Plan

The European Commission announced a plan of action on Wednesday to improve the competitiveness of Europe's steel industry and protect it from U.S. steel and aluminum tariffs....

Oil & Gas Refining
Mar 19, 2025

The average price of Russian oil fell by 24% in March, compared to the budgeted target.

Calculations show that the price of Russia's oil mix in roubles is currently on average 24% lower than the budgeted level for 2025, due to the strengthening...

Italy
Mar 19, 2025

Italian prosecutors investigate Eni and seven employees over the depot explosion

Italian prosecutors announced on Wednesday that they have opened an investigation against energy company Eni, and seven of their employees after an explosion near Florence last December...

Canada
Mar 19, 2025

Couche-Tard's CEO claims that no NDA was signed with Seven & i regarding potential store divestitures

Alex Miller, CEO of Alimentation Couche-Tard, said that no non-disclosure agreements had been signed regarding potential stores to be sold by Alimentation Couche-Tard and Japan's Seven &...

United States
Mar 19, 2025

EU cuts steel imports 15% in response to Trump tariffs

A senior EU official announced on Wednesday that the European Union would tighten its steel import quotas in order to reduce inflows further by 15% starting in...

Turkey
Mar 19, 2025

Israel's open economic system offsets Turkish trade ban, says central bank

The Israeli central bank reported on Wednesday that the trade ban imposed by Turkey had a minimal impact on Israel’s economy and prices. It cited the country’s...

United States
Mar 19, 2025

European bismuth prices soar to new records on China export restrictions

According to traders and industry experts, the price of bismuth in Europe has risen to new highs due to China's strict export controls. The mineral is used...

United States
Mar 19, 2025

Oil prices drop as Putin agrees to a 30-day stop on strikes against energy facilities

Oil prices fell on Wednesday, after Russia accepted the proposal of U.S. president Donald Trump that Moscow and Kyiv temporarily cease attacking each other's infrastructure. Analysts say...

Switzerland
Mar 19, 2025

FTSE 100 falls with US Fed rate decision on horizon

Investors remained cautious ahead of the U.S. Federal Reserve's interest rate decision scheduled for later that day. The blue-chip FTSE 100 dropped 0.2% at 7.40 GMT. Compass...

China
Mar 19, 2025

Turkish assets fall while U.S. Futures rise, European stocks remain steady

Investors awaited the Federal Reserve's rate decision, which was due later that day. Turkish stocks, bonds, and the Turkish lira have all fallen, which has helped boost...

United States
Mar 19, 2025

EU cuts steel imports 15% in response to Trump tariffs

A senior EU official announced on Wednesday that the European Union would tighten its steel import quotas in order to reduce inflows even further by 15% starting...

United Kingdom
Mar 19, 2025

China will issue green yuan sovereign bonds in the UK for the first time

China's Finance Ministry announced on Wednesday that it will issue up to $6 billion ($829 millions) in yuan denominated sovereign green bonds at the London Stock Exchange....

United Arab Emirates
Mar 19, 2025

Brent crude drops in price against Dubai

Brent crude futures flipped into a discount versus Dubai swaps Wednesday for the first time in November 2023. LSEG data revealed this, highlighting the strength of Middle...

China
Mar 19, 2025

Sources: Sinochem sells bankrupt Shandong refinery to independent Shandong refiner

According to four sources with knowledge of the situation and a document describing an auction, Hongrun Petrochemical based in eastern China has agreed to purchase a bankrupt...

United Kingdom
Mar 19, 2025

Copper reaches new peaks as traders make more tariff bets

U.S. copper and London's copper prices reached new multi-month highs on Wednesday, as speculators increased their buying in anticipation of U.S. tariffs being imposed on the metal....

United States
Mar 19, 2025

Kremlin: Russia has called off drone attack on Ukrainian infrastructure for energy

The Kremlin announced on Wednesday that Russia has suspended its attacks against Ukrainian energy infrastructure following a telephone call between Donald Trump and Vladimir Putin. It also...

Indonesia
Mar 19, 2025

Congo sets export quotas for cobalt, and partners with Indonesia to combat glut

According to the DRC prime minister, following a four month export ban, the Democratic Republic of Congo plans to impose cobalt export quotas and partner with Indonesia,...

China
Mar 19, 2025

Steelmakers claim that India's proposed import tax on steel is smaller than expected, but it's still 'better than doing nothing'

Executives said that India's proposed tax of 12% on imports of steel was lower than expected by the industry, but it will provide some relief to an...

Israel
Mar 19, 2025

Six Palestinians killed by Israeli strikes, say Palestinian medics as the conflict resumes

Local health workers reported that Israeli strikes in Gaza killed six Palestinians on Wednesday. The Israeli military had resumed its bombardment and ordered residents to leave combat...

United States
Mar 19, 2025

Gold falls from record high; Fed decision is in focus

Gold prices dipped slightly on Wednesday as profit-booking took place after the record high. Meanwhile, attention shifted to the U.S. Federal Reserve's policy announcement due later that...

United States
Mar 19, 2025

Turkish assets plunge after Wall Street selloff

The European share market fell on Wednesday following a Wall Street sell-off overnight. Meanwhile, the dollar rose from its five-month low in anticipation of the Federal Reserve's...

Canada
Mar 19, 2025

The first Trump-branded project in India is expected to generate $289 million in sales

Tribeca Developers is the property development partner of the Trump Organisation in India. On Wednesday, they launched the first Trump-branded project in India that aims to sell...

Australia
Mar 19, 2025

Beijing woos top executives from around the world as FDI falls and trade tensions increase

Chinese trade officials have intensified their charm offensive to assure business leaders around the world of China's long-term economic prospects, despite a slump in consumer spending and...

Japan
Mar 19, 2025

JX Advanced Metals jumps 6.6% on largest Japanese IPO in 2018

JX Advanced Metals, the metals division of Japan's biggest oil refiner Eneos, saw its shares rise 6.6% on their Tokyo debut after the largest IPO in Japan...

United States
Mar 19, 2025

After Trump-Putin's call, the Russian rouble has weakened

The Russian rouble weakened on Wednesday against the U.S. Dollar and the Chinese Yuan following a discussion between U.S. president Donald Trump and Russian president Vladimir Putin...

United States
Mar 19, 2025

Ferrexpo, a miner in Ukraine, has sent a notice to Ukraine about mining rights after it suffers unforeseen losses

Ferrexpo, a miner with a focus on Ukraine, announced a loss of $2 million due to an impairment charge. It also said that it had sent a...

Renewable Energy
Mar 19, 2025

France drops to half the level of Germany

The German wholesale power market traded at a higher price on Wednesday due to lower forecasts for wind production. Meanwhile, the French equivalent price fell sharply amid...

China
Mar 19, 2025

Iron ore falls as China demand concerns dominate

The price of iron ore futures fell for the third consecutive session on Wednesday as fears over the demand outlook in China, the top consumer, dominated the...

United States
Mar 19, 2025

Japan auto lobby: Tariffs on US imports could lead to production adjustments by firms

The head of Japan's automobile lobby warned that the possible April 2 start date of auto tariffs proposed to be implemented by U.S. president Donald Trump could...

India
Mar 19, 2025

Palm prices rise on Dalian's stronger Dalian and Indonesia's increased levy

Malaysian palm oils continued to rise on Wednesday. This was due to the stronger edible oils on the Dalian market, and Indonesia's decision of raising its palm...

South Asia
Mar 19, 2025

Steel stocks rise on India's tax plan

The shares of Indian steel companies increased on Wednesday, after a government agency recommended a temporary tariff on certain steel products to reduce imports. This raised hopes...

China
Mar 19, 2025

Focus on Trump tariffs as copper remains near five-month high

The London Metals Exchange's (LME) copper prices held steady on Wednesday near a five month high, as markets remained alert for possible U.S. duties on copper. As...

Wind Farms
Mar 19, 2025

Twelve Scottish Firms Secure Place in Offshore Renewables Supply Chain Program

Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.’s Fit For Offshore Renewables...

China
Mar 19, 2025

Iron ore falls as China demand concerns dominate

The price of iron ore futures fell for the third consecutive session on Wednesday as fears over the demand outlook in China, the top consumer, dominated the...