Latest news

Ghana
Oct 1, 2024

Cocoa traceability rates stop working to improve as EU deforestation law looms

The volume of cocoa in Ivory Coast and Ghana that can be completely traced did not increase last year, a major UNbacked report has discovered, raising concerns...

China
Oct 1, 2024

Copper and aluminium rebound in thin Chinese vacation trade

Costs of copper and aluminium increased on Tuesday as economic stimulus measures by leading metals customer China spurred a healing after a bout of profittaking drove both...

United States
Oct 1, 2024

CVC-backed Moove Lubricants targets up to $1.9 bln assessment in United States IPO

Brazil's Moove Lubricants, backed by European personal equity firm CVC Capital Partners, set a target of as much as $1.94 billion evaluation on Tuesday for its U.S....

India
Oct 1, 2024

Samsung India protests intensify, cops apprehend over 900 employees, union members

Indian authorities on Tuesday said they had actually apprehended 912 Samsung Electronics workers and union members for organising a street demonstration, as a strike at the South...

China
Oct 1, 2024

VEGOILS-Palm recovers on Indonesia's October referral rate walking

Malaysian palm oil futures ended higher on Tuesday, bouncing back after 2 consecutive sessions of decreases, buoyed by Indonesia's strategy to hike its October reference rate. The...

United States
Oct 1, 2024

Gold firms on safe-haven need, lower bond yields

Gold rates rose on Tuesday on safehaven need due to MiddleEast stress and lower U.S. bond yields, although the metal hovered below current record highs after the...

Australia
Oct 1, 2024

Nickel miner Wyloo to offer its low-carbon metal on platform Metalshub

Nickel miner Wyloo, owned by Australian mining mogul Andrew Forrest, has actually accepted sell its lowcarbon metal on trading platform Metalshub, intending to develop a price index...

Energy Markets
Oct 1, 2024

Russian rouble down vs U.S. dollar after September weak point

The Russian rouble weakened even more against the U.S. dollar and was flat against China's. yuan on Tuesday as markets anticipated the Russian Financing Ministry. to reveal...

United Kingdom
Oct 1, 2024

Base metals mainly rebound in thin China holiday trade

Nonferrous metals ticked up on Tuesday, rebounding from losses in the previous session set off by earnings taking, as China stimulus supplied a. cushion. Three-month copper on...

Kuwait
Oct 1, 2024

Major Gulf markets mixed on regional stress

Major stock exchange in the Gulf were blended on Tuesday in the middle of rising geopolitical stress in the region, with the Dubai index on course to...

United Arab Emirates
Oct 1, 2024

Abu Dhabi's ADNOC to buy German chemicals business Covestro for $18 bln

Abu Dhabi state oil giant ADNOC stated on Tuesday that it has actually consented to purchase German chemicals producer Covestro for 15.9 billion euros ($ 18 billion)....

India
Oct 1, 2024

India cops detains 600 employees, union members as Samsung demonstrations escalate

Indian authorities on Tuesday stated it has actually apprehended around 600 Samsung Electronic devices employees and union members for arranging a street demonstration, as a. strike at...

Austria
Oct 1, 2024

ADNOC's deals with European companies

Stateowned Abu Dhabi National Oil Co, or ADNOC, has been pursuing a series of merger and acquisition deals with European business, with an aim to diversify and...

Africa
Oct 1, 2024

Abu Dhabi's GDP grew estimated 4.1% in 2nd quarter

Abu Dhabi's economy grew 4.1% in the second quarter of 2024, according to preliminary government price quotes, driven by nonoil sectors as the citystate accelerates efforts to...

Switzerland
Oct 1, 2024

Swiss glacier melt goes beyond average in 2024 after hot summertime

Swiss glaciers melted at an aboveaverage rate in 2024 as a blistering hot summertime thawed through abundant snowfall, keeping an eye on body GLAMOS stated on Tuesday....

India
Oct 1, 2024

Indian shares give up early gains, metals drag

Indian equities surrendered the early gains on Tuesday, dragged down by a decline in metals after a. sevensession rally, while information technology stocks held. steady. The Nifty...

China
Oct 1, 2024

Base metals largely rebound in thin China holiday trade

Nonferrous metals ticked up on Tuesday, rebounding from losses made in the previous session activated by profit taking, as China stimulus offered a strong cushion. Three-month copper...

United States
Oct 1, 2024

Gold off record highs as Fed's Powell signals smaller rate cuts

Gold prices were hovering below current record peaks on Tuesday after the U.S. Federal Reserve chair tempered expectations for more substantial interest rate cuts this year, with...

Wind Farms
Oct 1, 2024

Cadeler’s Newbuild Wind Turbine Installation Vessel Up for Asia-Pacific Work

Danish offshore wind installation firm Cadeler has secured a vessel reservation agreement for one of its newbuild wind turbine installation vessels for a pipeline of offshore wind...

Australia
Sep 30, 2024

Asian stocks ease, dollar companies as traders consider United States rates

Asian stocks relieved near twoandhalfyear highs on Tuesday and the U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell that scuppered bets of big...

Brazil
Sep 30, 2024

Depth of significant Amazon tributary in Brazil drops to record low in serious drought

The Solimoes, one of the two largest tributaries of the Amazon River in Brazil, fell to its least expensive level ever on Monday in the worst dry...

Mexico
Sep 30, 2024

Ternium CEO upbeat on appeal versus competitor CSN

Steelmaker Ternium expects a Brazilian court to rule in its favor in an appeal against rival CSN regarding its 2011 purchase of a stake in local company...

United States
Sep 30, 2024

Pete Rose, baseball's hit leader who was caught banking on video games, dead at 83

Pete Rose, baseball's alltime leader in hits who was prohibited from the Hall of Fame after he was caught betting on baseball games, has actually passed away...

United States
Sep 30, 2024

US corn, soy stocks reach four-year highs as farmers gather huge crops

U.S. farmers and merchants are sitting on the greatest stocks of grains and soybeans left over from previous harvests in 4 years as they start gathering what...

United States
Sep 30, 2024

US purchases 6 million barrels of oil for Strategic Petroleum Reserve

The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for shipment through May 2025, the Department of Energy said on Monday. The...

United States
Sep 30, 2024

Helene shuts poultry plants, twists cotton crops in southeastern US

Typhoon Helene shut at least 2 poultry plants in Georgia and North Carolina and twisted cotton crops in South Carolina in blows to U.S. food and fiber...

United States
Sep 30, 2024

EBay wins dismissal of US lawsuit over sale of damaging products

A federal judge dismissed a U.S. Department of Justice suit accusing eBay of breaching environmental laws by permitting the sale of numerous countless harmful items on its...

Argentina
Sep 30, 2024

Argentina's YPF decreases gas costs for the first time in over 5 years

Argentina's state oil company YPF said on Monday it will lower gas and gasoil prices starting on Tuesday. The firm's cost decrease will be 4% on fuel...

Africa
Sep 30, 2024

Barrick Gold and Mali federal government to find resolution for Loulo and Gounkoto cash cow

Barrick Gold Corp and the Mali federal government have decided to discover a resolution to existing claims and disagreements over the Loulo and Gounkoto cash cow in...

United States
Sep 30, 2024

Record run guides gold to finest quarter in 4 years

Gold reduced on Monday, taking a. breather after a historical rally driven by U.S. monetary reducing. and heightened Middle East stress, which put it on course for....

United States
Sep 30, 2024

Helene deaths exceed 100, supplies rushed to storm-ravaged North Carolina

Emergency situation responders in western North Carolina were racing on Monday to try to reach people who stay unaccounted for 3 days after Typhoon Helene tore through...

Saudi Arabia
Sep 30, 2024

Saudi Arabia anticipates 2024 deficit to widen to 3% of GDP

Saudi Arabia estimates its 2024 fiscal deficit will widen to almost 3% of GDP, according to a federal government declaration on Monday, as it increases spending to...

Mining
Sep 30, 2024

Goldman Sachs raises gold rate forecast to $2,900/ oz for early 2025

Goldman Sachs on Monday raised its gold price forecast to $2,900 per ounce from $2,700 per ounce for early 2025 pointing out gradually rising ETF streams with...

Africa
Sep 30, 2024

UN says Congo rebels generating $300,000 month-to-month in seized mining location

Rebels in eastern Democratic Republic of Congo have consolidated control over the Rubaya coltanmining area, enforcing a production tax estimated to produce around $300,000 in regular monthly...

United Kingdom
Sep 30, 2024

LMEWEEK-Investors' allowance to metals sector seen growing

Allowances by investors to the metals sector is low and has a huge capacity to grow in coming years as the energy transition takes hold, a London...

Portugal
Sep 30, 2024

Savannah Resources delays begin of Portuguese lithium production to 2027

Londonbased Savannah Resources has actually delayed the expected start date for production of its lithium job in northern Portugal to 2027, it stated on Monday, blaming changes...

Mining
Sep 30, 2024

Imported cars and trucks deal with higher charges as Russia prepares domestic production increase

Russia plans to effectively raise taxes on imported cars and trucks from 2025 by doubling the scrappage charges all cars and truck manufacturers should pay while likewise...

Mineral Resources
Sep 30, 2024

LMEWEEK-Global aluminium market seen closer to stabilize in 2025, Rusal states

The international aluminium market surplus must narrow moving closer to stabilize in 2025 as lower borrowing expenses and Chinese stimulus should improve need, said Rusal, the world's...

United States
Sep 30, 2024

United States oil need grew to highest seasonal level given that 2019 in July, EIA data shows

U.S. oil demand increased in July to the highest seasonal level because 2019 while output decreased for the second time in three months, information from the U.S....

Energy Markets
Sep 30, 2024

International stock index falls after record, oil turns higher

MSCI's international equities index was lower on Monday after striking a record on Friday, while oil prices turned higher in a choppy session amid geopolitical worries. Continued...

United States
Sep 30, 2024

Flowco's owners prepare to take oilfield services firm public in 2025, sources state

The personal equity owners of Flowco have begun preparations for an initial public offering of the oilfield companies that could value it at as much as $...

Greece
Sep 30, 2024

Greece cuts 2024 economic development projection once again in the middle of EU stagnation

Greece has cut its projection for 2024 economic growth for a 2nd time this year to 2.2%, as stagnation in euro zone countries hits investment and exports,...

Italy
Sep 30, 2024

UniCredit and Commerzbank in five charts

UniCredit ceo Andrea Orcel and Commerzbank's. designated chief Bettina Orlopp have actually held an initially. round of talks as the Italian bank presses to explore a tieup....

China
Sep 30, 2024

United States FTC enables Chevron-Hess offer, bars John Hess from board

The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that disallowed Hess CEO John Hess from Chevron's board....

Energy Markets
Sep 30, 2024

Major spaces in between EU farming rewards and Green Offer objectives, ECA states

The European Court of Auditors evaluated the EU's reform of agriculture aids and discovered a noticeable space between farming rewards and the EU's. general green targets, the...

Ecuador
Sep 30, 2024

LMEWEEK-Codelco strategies to inject practically $6 bln into tasks next year

Chile's Codelco is planning to invest nearly $6 billion next year in its pipeline of jobs, about $1 billion more than the stateowned mining giant had formerly...

Hong Kong
Sep 30, 2024

LMEWEEK-Copper takes leading spot again as best prospect at LME Seminar

Copper was the sweeping option for the commercial metal with the very best outlook for higher rates, participants at a London Metal Exchange (LME) occasion stated on...

India
Sep 30, 2024

Garment employees' demonstrations leave one dead in Bangladesh

A garment worker was shot dead and a minimum of 20 others were hurt on Monday in a violent clash between protesting workers and cops in Bangladesh,...

Estonia
Sep 30, 2024

Lithuania asks ICC to probe Belarus for supposed criminal offenses versus mankind

Lithuania requested the International Bad Guy Court (ICC) on Monday to investigate neighbouring Belarus over supposed crimes versus humanity under the guideline of authoritarian leader Alexander Lukashenko....

Africa
Sep 30, 2024

Libya's eastern parliament approves brand-new reserve bank guv, deputy

Libya's easternbased parliament agreed on Monday to authorize the election of Naji Mohamed Issa Belqasem as governor of the reserve bank, in a move that might assist...