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Brazil
Aug 4, 2025

Brazil rejects calls to move COP30 amid Amazon City price surge

Brazil has refused to move the COP30 global climate summit scheduled for November from Belem despite mounting pressure due to the soaring prices of accommodation in the...

Brazil
Aug 4, 2025

Brazil rejects calls to move COP30 amid Amazon City price surge

Brazil has refused to move the global COP30 summit scheduled for November from Belem despite mounting pressure due to the soaring prices of accommodation in the Amazonian...

Mineral Resources
Aug 4, 2025

Nornickel's net profit for the first half of 2018 increased by 2% to $842 millions

The Russian metals company Nornickel announced on Monday that its net profit in the first half of 2025 increased by 2%, to $842 millions. This was due...

China
Aug 4, 2025

Sibanye Stillwater's request for US tariffs on Russian palladium could add to price volatility

Sibanye Stillwater asked the United States for consideration of imposing a tax on Russian imports in order to ensure the viability of U.S. palladium supplies in the...

United Arab Emirates
Aug 4, 2025

India's largest refiner purchases Middle East and US crudes as Trump criticizes Russian purchases

Four trade sources reported on Monday that Indian Oil Corp had purchased 7 million barrels from the United States and Canada, as well as the Middle East....

Ukraine
Aug 4, 2025

Russian rouble gains against the dollar as US sanctions are in focus

On Monday, the Russian rouble was slightly higher against the U.S. Dollar and flat against the Chinese yuan. This is because Steve Witkoff, the special envoy of...

United States
Aug 4, 2025

Gold continues to rise on US rate cuts expectations

Gold prices rose Monday for the third consecutive session after economic data from last week fueled expectations that interest rates would be cut by the U.S. Federal...

Africa
Aug 4, 2025

Gold Fields anticipates a bumper profit as the gold price and volumes surge

Gold Fields South Africa expects to see its half-year profits rise by up to 236% on Monday. This is due to higher gold production as well as...

United States
Aug 4, 2025

Energy tech company Lummus files confidentially for US IPO amid Trump’s domestic push

Lummus Technology, a provider of energy solutions, announced on Monday that it had filed confidentially for an initial public offer in the United States. This is part...

United Arab Emirates
Aug 4, 2025

UAE summer temperatures surge near record highs after hottest ever spring

According to the National Centre of Meteorology, the United Arab Emirates will experience a record-breaking summer this year after a scorching spring. Temperatures reached near-record highs in...

United Kingdom
Aug 4, 2025

Copper prices rise on disruptions in supply after Chile tragedy

Prices of copper rose on Monday, mainly due to supply concerns following a deadly mining accident in Chile, which is the world's largest producer. However, gains were...

Germany
Aug 4, 2025

Chemours DuPont Corteva settles New Jersey PFAS Claims for $875 Million

Chemours DuPont Corteva has agreed to pay $875 Million over 25 Years to the State of New Jersey in order to settle environmental claims, including pollution related...

South Asia
Aug 4, 2025

Russell: OPEC+ is lucky to bring back oil production amid uncertainty.

It would have been a bold prediction a couple of months back to claim that OPEC+ could bring back 2,5 million barrels of crude oil production per...

United States
Aug 4, 2025

Sixth Street acquires 38% of Sorgenia, an Italian renewable energy company, in a $4.6 billion deal

Sixth Street, a U.S.-based investment firm, announced on Monday that it had purchased 38% of Sorgenia. The deal values Sorgenia at $4.65 billion. Asterion Industrial Partners, a...

United Kingdom
Aug 4, 2025

Oil prices fall as OPEC+ increases output in September

The oil price fell to its lowest level in a week after OPEC+ agreed on a large increase in production in September. However, traders remained cautious about...

Africa
Aug 4, 2025

In northwest Nigeria, armed men on motorbikes kidnap 70 and kill 11.

Witnesses said that armed men riding motorbikes kidnapped and killed at least 11 people, including women and young children, in an area of northwest Nigeria plagued with...

Netherlands
Aug 4, 2025

McEwen Mining will complete Argentina mine feasibility in two months, says executive

McEwen Mining is expecting to finish a feasibility study on its Los Azules Copper Mine in Argentina within two months. This will allow the Canadian miner the...

France
Aug 4, 2025

The French Flamanville 3 reactor will not be producing until October

EDF, the operator of France's Flamanville 3 reactor, said that it is experiencing further delays in maintenance and will not be able to restore production until October...

Brazil
Aug 4, 2025

Dealers say that India's palm oil imports in July dropped as soyoil shipments grew.

Five dealers report that India's imports of palm oil fell in July due to cancellations of import contracts. However, soyoil exports surged at a three-year high, thanks...

United States
Aug 4, 2025

Shein fined 1 million Euros by Italian regulator for greenwashing

The Italian Competition Authority (AGCM), imposed on Monday a fine of 1 million euros ($1.16million) on fast fashion online retailer Shein, founded in China for misleading its...

Chile
Aug 4, 2025

Mitsubishi Materials, Japan, may reduce copper smelting because of declining margins

Mitsubishi Materials, Japan's copper concentrate processor, is looking at reducing the amount of copper concentrate processed in its Onahama Smelter & Refinery due to falling treatment and...

Australia
Aug 4, 2025

Japan's Mitsubishi Q1 profits down 43% but still beat expectations

Japanese trading house Mitsubishi posted a net loss of 203.1 billion Japanese yen (about $1.4 billion) for the three-month period ending June 30. This was down 43%...

China
Aug 4, 2025

Iron ore prices rise on strong demand and healthy steel margins

Iron ore prices rose on Monday due to a strong near-term demand and falling portside stock, as well as healthy steel margins for the top consumer, China....

China
Aug 4, 2025

Copper prices rise as dollar weakens

The dollar fell on Monday as a result of weaker than expected U.S. employment data. This boosted the odds for a Federal Reserve rate cut in September....

India
Aug 4, 2025

Why India's heat-action plans aren't cooling down cities

Short-term remedies drive response Heat is a major problem in cities, but there are no budgets allocated to it Two-thirds Indians are at risk from extreme heat...

United States
Aug 4, 2025

Malaysia and the United States agree to increase LNG and tech purchases as part of a trade agreement

Malaysia's trade minister announced on Monday that the country will spend up to 150 billion dollars in the next five year to purchase equipment from U.S. multinationals...

Japan
Aug 4, 2025

JFE Holdings' first-quarter profits down 74% and misses expectations

JFE Holdings posted a net profit of 7.1 billion yen (48 million dollars) on Monday, down 74% compared to a year ago and below analysts' expectations. Analysts...

India
Aug 4, 2025

JSW Steel India and JFE Japan to invest $669 Million to boost electrical steel production

JSW Steel announced on Monday that a joint venture between India's JSW Steel, and Japan's JFE Steel, will invest 669 million dollars to increase production capacity for...

China
Aug 4, 2025

Beijing is on high alert as deadly floods continue to plague the city

Beijing warned its residents to prepare for more heavy rains in the mountains of the city, one week after the deadly floods that killed dozens. Weather forecasters...

United Arab Emirates
Aug 4, 2025

India's IOC purchases 7 million barrels of US and Middle East crude following the Russian oil pause

Indian Oil Corp. (IOC), India's largest refiner, bought 7 million barrels from United States, Canada, and Middle East crudes arriving in September via an auction, according to...

United Kingdom
Aug 4, 2025

FT reports that BP will update its progress on cost cutting as Elliot puts more pressure on the company.

The Financial Times reported that BP would announce an update on its $5 billion cost cutting initiative on Tuesday amid increasing pressure from activist investors Elliott Management...

China
Aug 4, 2025

Buy the dip and worry about jobs later.

Wayne Cole gives us a look at what the future holds for European and global markets. The dollar and U.S. stock futures are both rising, so it's...

United States
Aug 4, 2025

Loni Andersen, who was smart and played against stereotypes on "WKRP in Cincinnati" is dead at the age of 79

According to her publicist, actress Loni Anderson died at the age of 79. She was best known for her role in "WKRP In Cincinnati" as a glamorous,...

China
Aug 4, 2025

Beijing residents warned to stay indoors during heavy rain

Beijing warned residents to stay indoors if it rains heavily on Monday, following the recent floods that killed dozens in the Chinese capital. Weather forecasters have warned...

China
Aug 4, 2025

Gold falls victim to profit-taking following the US jobs data-fueled rally

Gold prices fell on Monday, as investors took profits following a steep rise the previous session. This was due to weaker than expected U.S. employment data which...

Taiwan
Aug 3, 2025

Four dead and more than 5,900 people evacuated after torrential downpours in southern Taiwan

Four people have died and over 5,900 people have been evacuated from southern Taiwan following the island's record rainfall of more than an entire year in the...

China
Aug 3, 2025

Iron ore prices rise on strong demand and healthy steel margins

Iron ore prices rose on Monday due to a combination of strong near-term demand and falling portside stock, as well as healthy steel margins, in the top...

China
Aug 3, 2025

Russell: OPEC+ is lucky to bring back oil production amid uncertainty.

It would have been a bold prediction a couple of months back to claim that OPEC+ could bring back 2,5 million barrels of crude oil production per...

India
Aug 3, 2025

BlueScope, Australia's steel giant, leads the global steel giants to push for Gupta Whyalla plant

BlueScope Steel, Australia's largest steelmaker, announced on Monday that it had assembled a large consortium of international steelmakers to bid on Sanjeev's Whyalla Steelworks. This comes more...

United Kingdom
Aug 3, 2025

Oil prices drop after OPEC+ agrees on a production increase in September

Early Asian trading on Monday saw oil prices drop after OPEC+ agreed that they would increase production by a large amount in September. Brent crude futures were...

United States
Aug 3, 2025

Five trapped mine workers found dead in Chilean Codelco mine

A regional prosecutor announced on Sunday that all five trapped workers were found dead at Codelco’s El Teniente Copper Mine. Rescue teams had cleared underground passageways of...

United States
Aug 3, 2025

Top Trump adviser accuses India financing Russia's war against Ukraine

After President Donald Trump increased pressure on New Delhi, a top aide of the U.S. president accused India on Sunday of financing Russia's conflict in Ukraine through...

United States
Aug 3, 2025

Canadian official: Trump and Carney will speak in the coming days

A Canadian official stated on Sunday that U.S. president Donald Trump and Canadian prime minister Mark Carney would likely speak "over the next few days" following the...

Saudi Arabia
Aug 3, 2025

SABIC, the Saudi chemical company, reports another unexpected loss in Q2

SABIC, the Saudi chemical giant and one of the largest petrochemicals firms in the world, announced a second-quarter loss on Sunday. The company had decided to close...

Australia
Aug 3, 2025

Australian towns covered in rare snowfall during wild weather

Authorities said that wild weather caused flooding, stranded vehicles, and power cuts to thousands of homes in eastern Australia this weekend. Miriam Bradbury of Australia's weather bureau,...

United Arab Emirates
Aug 3, 2025

Sources say that OPEC+ has agreed in principle to another major increase in oil production.

OPEC+ has agreed to increase oil production by 548,000 barrels a day in September. Two OPEC+ sources confirmed this on Sunday, as the group completes its largest...

United States
Aug 3, 2025

Governor of Sochi says that a drone attack by Ukraine ignited a fire at an oil depot in Russia.

Veniamin Kodratyev, the regional governor of the Russian city Sochi, said on Telegram early Sunday that more than 120 firefighters are trying to put out a fire...

Ukraine
Aug 2, 2025

Ukraine claims it has hit Russian oil installations and military airfield

Ukraine's Military said Saturday it had hit oil facilities in Russia. This included a major refinery, a drone airfield and an electronics manufacturing factory. Ukraine's Unmanned Systems...

Africa
Aug 2, 2025

Dangote names an ex-Shell executive as refinery manager amid expansion drive

Nigeria's Dangote Group announced on Saturday that David Bird, an ex-Shell executive and former CEO of the 0Q8 Refinery in Oman was appointed as chief executive officer...

India
Aug 2, 2025

NYT reports that India will continue to buy Russian oil in spite of Trump's threats

The New York Times reported that Indian officials said they would continue to buy oil from Russia, despite the threats of sanctions that U.S. president Donald Trump...