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Africa
Feb 6, 2025

ArcelorMittal South Africa delays long-steel plant closure amid government talks

ArcelorMittal South Africa announced on Thursday that it would delay the closing of its long steel plant operations by one month. The steelmaker is in discussions with...

United States
Feb 6, 2025

Nippon Steel's 9-month profits drop 18%; company says it is not certain that the U.S. Steel Deal will be closed

Nippon Steel is Japan's largest steelmaker. On Thursday, it reported a 18% decline in its nine-month net profits to 362 billion Japanese yen ($2.4billion) due to a...

Germany
Feb 6, 2025

The European renewables market is driving the battery storage boom

The battery storage capacity in Europe is expected to increase five-fold between now and 2030. This will bring increased returns for energy companies, traders, and project developers,...

United States
Feb 6, 2025

In Cyprus, schools have started a "frying pan movement" to collect cooking oil as fuel

Scientists from Cyprus have recruited children to recycle used cooking oils into biofuel as part of an international-acclaimed initiative. The "Tiganokinisi" initiative, or frying pan, visits schools...

Luxembourg
Feb 6, 2025

ArcelorMittal anticipates that steel demand will increase in 2025 following a positive Q4

ArcelorMittal (the world's second-largest steelmaker) forecast improved steel demand for 2025 on Thursday and said that its capital expenditures will be similar to those of last year,...

India
Feb 6, 2025

Shanghai copper reaches near 3-week high as soft dollar supports base metals

The dollar fell and worries about a trade war between China and the United States eased. By 0513 GMT the most active copper contract at the Shanghai...

South Asia
Feb 6, 2025

Prices of oil are little changed, as Trump's policies continue to impact prices

The oil price edged up slightly in Asian trading after Saudi Arabia’s state oil company raised March oil prices sharply. However, the increase was barely noticeable compared...

Oil & Gas
Feb 6, 2025

Equinor Posts Lower Q4 Profit, Cuts Renewable Energy Target

Norway's Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut...

United Kingdom
Feb 6, 2025

Financial Times - Feb. 6

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Headlines:...

China
Feb 5, 2025

Iron ore prices rise on supply concerns in Australia and a weaker dollar

Iron ore futures recovered on Thursday, supported a weaker dollar and Australia's supply concerns, as investors waited for new developments in the trade war between China and...

United States
Feb 5, 2025

Gold nears record high as trade tensions boost demand for safe-haven assets

Gold prices rose on Thursday as investors looked forward to the U.S. employment data, which could provide clues about the direction of interest rate rates. By 0306...

Environment
Feb 5, 2025

The year begins with the warmest January, despite the shift to cooling La Nina

Scientists from the European Union said that last month was the warmest January in history, continuing an extreme streak of global temperatures despite the shift to the...

South Asia
Feb 5, 2025

Police say that 15 people were arrested in the last three weeks trying to enter Canada via the US.

In three separate incidents over the past few weeks, Canadian Police reported that one person was killed and 15 others were arrested while trying to enter Canada...

South Korea
Feb 5, 2025

SK Innovation, a South Korean company, expects the refining margins in 2025 to be flat.

SK Innovation Co Ltd, the owner of South Korea’s largest refiner SK Energy said that it expected refining margins in 2025 to remain flat due to an...

United Kingdom
Feb 5, 2025

Base metals benefit from a weaker dollar

The dollar fell on Thursday, and investors waited for news on the latest trade dispute between the United States (the largest metal consumer) and China. By 0200...

United States
Feb 5, 2025

Oil prices drop after Saudi price hike

Early Asian trading on Friday saw oil prices rise, following a sharp increase in March oil prices by Saudi Arabia's oil company. Brent crude futures were up...

New Zealand
Feb 5, 2025

Cook Islands PM wants to increase trade relations with China

Cook Islands Prime Minster Mark Brown will travel to China next week. This is the first time in 10 years that a leader from the small South...

Japan
Feb 5, 2025

UK to open new sites for mini-nuclear power stations

The UK announced on Thursday that it would free up more sites in England and Wales for the development of nuclear energy, as part its efforts to...

Australia
Feb 5, 2025

The high valuations of Australian companies will be put to the test in terms of their earnings.

Next week, corporate Australia will begin its half-year results. While modest growth is anticipated, traders are examining whether the profits justify the stretched valuations. This is especially...

Canada
Feb 5, 2025

Suncor's fourth quarter profit is up on higher oil production and fuel sales volumes

Suncor Energy, a Canadian integrated oil and gas company, beat analyst's expectations for the fourth-quarter profits on Wednesday. The firm's higher oil production and high refined product...

Japan
Feb 5, 2025

United Steelworkers Union chief files motion to dismiss suit by US Steel and Nippon Steel

The union announced on Wednesday that United Steelworkers president David McCall had filed a motion for dismissal of the lawsuit brought against him by U.S. Steel &...

United States
Feb 5, 2025

China files a dispute with the WTO over Trump tariffs

The Geneva-based World Trade Organization announced on Wednesday that China had formally filed a complaint with the WTO over the tariffs placed by U.S. president Donald Trump...

Hong Kong
Feb 5, 2025

Sources: LME floortrader Sigma is in talks with brokerage to sell brokerage

Three sources familiar with the situation have confirmed that Sigma Broking is in discussions to sell its business, three years after it joined the London Metal Exchange....

Hong Kong
Feb 5, 2025

Sources say that LME floor broker Sigma is looking to sell a metals unit.

Two sources familiar with the situation have confirmed that Sigma Broking is one of the eight members of London Metal Exchange who are allowed to trade in...

Ukraine
Feb 5, 2025

GSK and gold miners share prices push Britain's FTSE 100 up

The UK's FTSE 100 rose on Wednesday, after two consecutive days of declines, boosted by gains made in the shares of gold and heavyweight GSK. Investors are...

Australia
Feb 5, 2025

Syrah Resources plans to restart production at its Mozambique plant in the first quarter

Syrah Resources' chief executive stated on Wednesday that the company hopes to resume production at its Balama project in Mozambique within the first quarter. This will eventually...

Australia
Feb 5, 2025

Anglo Platinum CEO anticipates spin-off investor interest

Amplats CEO Craig Miller stated on Wednesday that Anglo American Platinum has a lot of interest from investors as it prepares for its spin-off as a separate...

Japan
Feb 5, 2025

USW union chief files motion for dismissal of lawsuit filed by US Steel and Nippon Steel

The United Steelworkers President David McCall has filed a motion for dismissal of a lawsuit brought against him by U.S. Steel & Nippon Steel. Last month, the...

United Kingdom
Feb 5, 2025

Sources say that financial industry groups are concerned about LME's OTC trading plans

Five sources familiar with the matter have confirmed that two financial industry groups raised concerns about the London Metal Exchange's (LME) plans to require members to conduct...

United States
Feb 5, 2025

Gold prices continue to rise as demand increases due to trade war fears

The gold price continued its record run on Tuesday, as investors sought out the safe-haven investment amid escalating fears about the U.S. - China trade war and...

Mexico
Feb 5, 2025

Mexico plans to add 29 GW new capacity for power generation by 2030

The Mexican government is planning to invest $22,4 billion in new electricity generation capacity before the end of this administration, which will be 2030. This investment will...

Africa
Feb 5, 2025

Gold mine CEOs claim that Mali's new mining law must be revised to attract investors.

Gold companies will have to loosen up the new Mali mining law that raises taxes, and aims to give large stakes of assets to local investors and...

Ukraine
Feb 5, 2025

Why does Trump want Ukraine's rare Earths?

U.S. president Donald Trump said Monday that he wants Ukraine to provide the country with rare Earths in exchange for financial support of Kyiv’s war effort against...

Iraq
Feb 5, 2025

OPEC's oil production falls in Nigeria and Iran for the second consecutive month, according to a survey

A survey shows that OPEC's oil production fell for a second consecutive month in January. This was due to a decline in exports, primarily from Nigeria and...

Canada
Feb 5, 2025

Bunge Q4 profits drop on weak oilseed processing margins

Bunge Global, a commodities trader in agriculture, posted a lower-than-expected fourth quarter profit on Wednesday. Weak oilseed processing margins across key markets affected the results of its...

Brazil
Feb 5, 2025

Brazil's farmers are betting on solar energy to stabilize the power supply

According to experts and growers, Brazilian farmers are expanding their solar power capacity and testing battery storage solutions in an effort to increase electricity supply predictability and...

South Asia
Feb 5, 2025

Tax disputes between India and foreign companies

In India, foreign companies often face difficulties due to the high tax demands imposed on them by India. These include levies on large M&A deals or duty...

United States
Feb 5, 2025

Walt Disney exceeds its earnings targets thanks to 'Moana 2

Walt Disney's earnings for the third quarter of 2018 exceeded Wall Street's estimates by a wide margin on Wednesday. The results were boosted by "Moana 2's" strong...

United States
Feb 5, 2025

Walt Disney exceeds its earnings targets thanks to 'Moana 2

Walt Disney's earnings for the third quarter of 2018 exceeded Wall Street's estimates by a wide margin on Wednesday. The results were boosted by "Moana 2's" strong...

United States
Feb 5, 2025

MORNING BID AMERICAS - Alphabet mistakes, Yen surges and China returns

Mike Dolan gives us a look at what the U.S. market and global markets will be like today. As the tariff rollercoaster of the past week has...

Austria
Feb 5, 2025

Kyiv: IAEA delays rotation of mission to nuclear plant because of lack Russian guarantees

Ukraine's Foreign Ministry announced on Wednesday that the International Atomic Energy Agency has delayed the rotation of their mission to the Russian controlled Zaporizhzhia Nuclear Power Plant...

China
Feb 5, 2025

Aluminium and copper both gain while aluminium declines due to concerns about increased supply

On Wednesday, copper prices rose to their highest level in over a week due to a weaker dollar. Aluminium prices fell as raw materials prices dropped, raising...

Czech Republic
Feb 5, 2025

Elektrarne receives 3.6 billion euro loan as part of Slovakia's largest corporate debt refinancing

Slovenske Elektrarne, Slovakia's largest utility, announced on Wednesday that it had secured a loan facility of 3.6 billion euros ($3.75 billion), with a consortium of banks. This...

United Kingdom
Feb 5, 2025

SSE's UK renewables production jumps, but profits are soft

The British utility SSE announced on Wednesday that it had increased its renewables production in the nine-month period ending December 31, aided by capacity growth. However, the...

United States
Feb 5, 2025

Iran declares U.S. sanctions on oil and energy markets will cause instability

The SHANA news outlet of the Ministry reported that Iran's Oil Minister said unilateral sanctions against crude producers would destabilise the energy markets. This was after U.S....

Germany
Feb 5, 2025

Reduced German renewable supply boosts spot prices

The price of European prompt electricity rose on Wednesday, as lower wind and sun output was forecast for Germany's main market. Demand increased in the region due...

China
Feb 5, 2025

Officials say that the South Korean industry ministry has temporarily banned access to DeepSeek due to security concerns.

A ministry official revealed on Wednesday that the South Korean industry ministry temporarily blocked employee access to DeepSeek, a Chinese artificial intelligence startup, due to security reasons....

Thailand
Feb 5, 2025

In 2025/26, the global sugar market is expected to shift from deficit to surplus.

Analyst Green Pool stated on Wednesday that the global sugar balance will shift to a modest surplus during the 2025/26 crop year, with the production expected to...

Ukraine
Feb 5, 2025

Source: Ukraine MPs are expected to vote on the law required for two new nuclear units next week

An industry source said on Wednesday that the Ukrainian parliament will vote on a bill next week to allow for the construction and startup of two new...

Japan
Feb 5, 2025

Officials say that if the renewable energy sector is slow, Japan's LNG demand may increase. Canada will be there to supply it.

A senior official from the industry ministry said that Japan's demand may increase by more than 10 percent to 74 million tons of liquefied gas by 2040,...