Latest news

Canada
Feb 4, 2025

ADM 2025 Outlook clouded by biofuel policies and trade tensions

Global grains trader Archer-Daniels-Midland is slashing costs and cutting staff to weather a commodity downturn made more challenging by uncertainty about U.S. biofuels policies and a brewing...

Germany
Feb 4, 2025

Third Point's Loeb anticipates favorable stock investing environment, says letter

Billionaire Daniel Loeb believes that 2025 will be a better year for stock investments despite Trump's unconventional approach to announcing new policies and implementing them. Loeb told...

Environment
Feb 4, 2025

Arabica coffee nears $4 per lb, a new record.

The rally in Arabica coffee continued into Tuesday. It set a new record for the ninth consecutive session, as roasters rushed to secure supplies while farmers refused...

Iran
Feb 4, 2025

Overview of Iran's Energy Industry and Infrastructure

A U.S. official has said that U.S. president Donald Trump will again reimpose the "maximum" pressure on Iran, and reduce its oil exports to zero. Iran is...

Italy
Feb 4, 2025

Donald Trump Jr. accused illegal duck hunting in Venice

According to two Italian Green Party lawmakers, Donald Trump Jr. broke Italian and European Union laws on environmental protection when he hunted a duck near Venice in...

France
Feb 4, 2025

The President of Lebanon says that he hopes TotalEnergies resumes oil and gas exploration as soon as possible

According to a press release from the president's offices, Lebanon President Joseph Aoun told Qatari Premier Sheikh Mohammed Bin Abdulrahman Al Thani on Tuesday that he hoped...

United States
Feb 4, 2025

Trump to reimpose maximum pressure on Iran and drive oil exports down to zero

A U.S. official revealed that Donald Trump plans to resume his "maximum-pressure" campaign against Iran on Tuesday in order to prevent Tehran from obtaining nuclear weapons and...

Africa
Feb 4, 2025

Africa Energy Bank to launch in mid-year with South Africa showing interest

An Afreximbank representative said that the proposed Africa Energy Bank will begin operations in mid-year of this year. South Africa has also expressed interest in joining. The...

Ukraine
Feb 4, 2025

Sources say that a drone strike in Russia has halted the fuel production of Astrakhan's gas plant for several months.

Three industry sources told Reuters on Tuesday that the Astrakhan Gas Processing Plant in Russia will likely suspend its motor fuel production for a few months following...

United States
Feb 4, 2025

After tariff storm, global stocks and currencies are able to find their footing.

The stock market and currency held steady Tuesday, as a calm uneasy settled over the markets. This was despite United States and China titt-for-tat tariffs. Mexico and...

United Kingdom
Feb 4, 2025

Andy Home: Aluminium is the base metal analysts' bullish pick for 2025

Analysts predict that the London Metal Exchange's (LME) pack of base metals will be the most successful in 2025. They also forecast a shortage of light metals...

United States
Feb 4, 2025

After tariff storm, global stocks and currencies are able to find their footing.

The stock market and currency held steady Tuesday, as a calm uneasy settled over the markets. This was despite United States and China titt-tat-ing on tariffs a...

United States
Feb 4, 2025

Gold reaches record highs as investors seek safe havens amid tariff war

The gold price reached a new high on Tuesday as investors sought the safe haven asset following China's retaliation against the U.S. after President Donald Trump's tariffs....

United States
Feb 4, 2025

Westinghouse looks to old nuclear sites in Italy for small reactors

A company official revealed on Tuesday that the U.S. energy giant Westinghouse has proposed to install small modular reactors in Italy, using sites decommissioned from nuclear power...

United States
Feb 4, 2025

Ball Corp., a can maker, beats its quarterly profit forecast thanks to lower costs

Ball Corp., a company that makes aluminum beverage cans and other products, beat Wall Street's expectations for the fourth quarter profit on Tuesday, as its cost-cutting efforts...

United States
Feb 4, 2025

Sources say Uganda has sent 1,000 additional soldiers to the east Congo, near the M23 conflict.

Four diplomatic and U.N. officials said that Uganda had deployed over 1,000 additional soldiers in east Congo during the past week, near a region where the Kinshasa...

United States
Feb 4, 2025

WEC Energy profits jump on lower operating costs

WEC Energy Group announced on Tuesday that its profit had more than doubled during the fourth quarter. The utility was able to achieve this due to lower...

United States
Feb 4, 2025

China restricts exports of strategic mineral

China announced on Tuesday sweeping export controls targeting five metals that are used in defence, clean energy, and other industries. This comes just minutes after the additional...

Germany
Feb 4, 2025

Trump's tariffs are only going to make Nissan even more hurt

Nissan is the Japanese carmaker most likely to suffer from Donald Trump's possible tariffs against Mexico and Canada. Although it is unclear if the U.S. president will...

China
Feb 4, 2025

Five metals that China has banned from export

China announced on Tuesday export controls targeting five metals that are used in defence, clean energy, and other industries. This comes just minutes after the U.S. President...

United States
Feb 4, 2025

Marathon Petroleum beats fourth quarter profit estimates on midstream strength

Marathon Petroleum, the top U.S. refining company, beat profit expectations for the fourth quarter on Tuesday. Strength in its midstream segment and in renewable diesel helped offset...

United Kingdom
Feb 4, 2025

Japan's Sumitomo increases annual profit forecast despite Ambatovy losses

Sumitomo Corporation, a Japanese company, raised its net profit estimate for the fiscal period through March by 6% as higher earnings from overseas power generation and aluminium...

United Kingdom
Feb 4, 2025

MORNING BID AMERICAS - 'Phantom Trump tariffs' become more real in China

Mike Dolan gives us a look at what the U.S. market and global markets will be like today. After a four day guessing game, and financial turmoil,...

United States
Feb 4, 2025

OMV CFO sees minimal impact of US tariffs

OMV is affected by U.S. Tariffs in some areas, but its exposure to North America in relatively low. CFO Reinhard Fleery said this on Tuesday in a...

China
Feb 4, 2025

China retaliates quickly against US tariffs and stocks, causing the dollar to plummet.

U.S. stocks futures and dollar dropped on Tuesday while Hong Kong shares fell from two-month-highs as U.S. & China went tit for tat on tariffs. This raised...

China
Feb 4, 2025

China retaliates quickly against US tariffs and stocks, causing the dollar to plummet.

U.S. stocks futures and dollar dropped on Tuesday while Hong Kong shares fell from two-month-highs as U.S. & China went tit for tat on tariffs. This raised...

Scandinavia
Feb 4, 2025

Sverdrup oilfield, a massive Equinor field, is shut down by a power outage

A company spokesperson confirmed that Norway's Equinor stopped all production from its Johan Sverdrup field in the North Sea on Tuesday due to a failure in the...

South Asia
Feb 4, 2025

Thermax India misses Q3 profits estimates due to slowing orders

Thermax, an Indian company, reported a third-quarter loss on Tuesday that was below the market's expectations. Thermax blamed a poor order book and increased expenses for this....

Moldova
Feb 4, 2025

EU provides 250 million Euros to Support Energy Security in Moldova

The European Commission announced on Tuesday that the European Union would provide Moldova with 250 millions euros by 2025 to help with energy bills as well as...

Serbia
Feb 4, 2025

The U.S. Treasury requests a 90-day suspension of sanctions from Serbian oil company NIS

The Serbian energy ministry announced on Tuesday that the Serbian oil company NIS - which is owned by Russia's Gazprom and Gazprom - has requested a waiver...

United States
Feb 4, 2025

China's tariff retaliation is aimed at its modest US energy imports

China is the largest energy importer in the world, but its purchases of US crude oil, LNG and coal are relatively modest. This reduces the impact of...

Climate Change
Feb 4, 2025

The EU claims that Europe's water is under stress, with most of the surface waters polluted.

The European Commission revealed on Tuesday that the majority of surface water bodies in the European Union are polluted with chemicals. The European Union will draft plans...

United Kingdom
Feb 4, 2025

Shell restarts production of Penguins oil in UK North Sea

Shell announced on Tuesday that it had restarted the production of the Penguins oilfield in the UK North Sea with a floating, production storage and offloading facility...

United States
Feb 4, 2025

After a record-breaking rally, gold takes a break as concerns about tariffs loom.

Investors were cautious due to the possible effects of President Donald Trump’s tariffs, and in anticipation of U.S. economic statistics that will be released later this month....

United States
Feb 4, 2025

What are the five critical metals that China has restricted?

China announced on Tuesday sweeping restrictions on exports of five metals that are used in defence, clean energy, and other industries. This comes just minutes after the...

Ukraine
Feb 4, 2025

A Russian drone attack damages Ukrainian homes and a railway depot

The Ukrainian military announced on Tuesday that they shot down 37 of 65 Russian drones in an overnight attack that caused damage to businesses, a rail depot,...

China
Feb 4, 2025

Russell: China's impact on US energy trade is minimal at first.

After Beijing retaliated to President Donald Trump’s tariffs by imposing its own measures, the trade between China and the United States in crude oil and liquefied gas...

China
Feb 4, 2025

China tightens controls on critical minerals exports after US tariffs

China announced on Tuesday sweeping restrictions on exports of five metals, used in defence, clean energy, and other industries. This came just minutes after the additional 10%...

France
Feb 4, 2025

New Belgian government considers building new nuclear plants, report says

The financial daily Tijd quoted Mathieu Bhet as saying that the new Belgian government wants to double nuclear power from 4 GW to 8 GW through new...

China
Feb 4, 2025

REFILE: China's restrictions on strategic mineral exports

China announced on Tuesday sweeping export controls targeting five metals that are used in defence, clean energy, and other industries. This comes just minutes after the additional...

Indonesia
Feb 4, 2025

Indonesia will set up a state investment agency similar to Temasek

The parliament approved the creation of a state-owned investment vehicle that will oversee government investments in some the largest companies. It is similar to Singapore's Temasek investment...

United States
Feb 4, 2025

Vietnam will soon talk with foreign partners about nuclear power plants

The government announced on Tuesday that Vietnam will be holding talks with foreign partners in this month to discuss projects for the development of its first two...

Austria
Feb 4, 2025

Austria's OMV reports FY profit in line, helped by the chemicals segment

The Austrian oil and Gas firm OMV reported a full-year adjusted operating result on Tuesday that was in line with expectations. A better performance from its chemicals...

Canada
Feb 4, 2025

Dollar and stocks are on a roller coaster ride as the US slaps new tariffs on China. China responds.

U.S. Stock Futures fell, the Dollar jumped and Hong Kong Shares tumbled from two-months highs after the U.S. imposed a tariff on Chinese imports. China responded quickly....

Germany
Feb 4, 2025

After DeepSeek's defeat, Europe's AI bulls are pinning their hopes on the 'Jevons Paradox.

Artificial intelligence bulls are dusting off an old economic theory that dates back 160 years to explain why stocks in the sector may still have more to...

Malaysia
Feb 4, 2025

Palm falls due to weakness in Chicago Soyoil

After five consecutive sessions of gains, the price of palm oil in Malaysia fell on Tuesday as Chicago soyoil prices dropped on news that U.S. import tariffs...

United States
Feb 4, 2025

LME copper reaches a new high in a week after Trump's tariffs pause

LME copper prices reached a one-week peak on Tuesday after recovering from a sharp decline in the previous session. This was due to President Donald Trump delaying...

Wind Farms
Feb 4, 2025

EIB, EBRD Grant $620M for Poland’s Largest Offshore Wind Farm

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have granted a total of $623.6 million to support the development of 1.5...

Oil & Gas
Feb 4, 2025

Guyana to Greenlight Two Oil and Gas Projects This Year

Guyana's government plans to issue two licenses this year for oil and gas projects, one for Exxon Mobil's seventh development in the country, Hammerhead, and one for...

Saudi Arabia
Feb 4, 2025

PMI data shows that Saudi Arabia's private non-oil sector grew at a decade-high rate in January.

A survey revealed that Saudi Arabia's non oil business sector expanded in January at its fastest pace in over a decade, thanks to a surge of new...