Latest news

Scandinavia
Aug 27, 2024

Norway's Morrow accepts supply Ukraine with battery storage systems

Norwegian battery startup Morrow, which opened its very first factory previously this month, has reached an initial offer to provide power storage systems to Ukraine, the business...

United Kingdom
Aug 27, 2024

London copper rises to six-week high on United States rate-cut optimism

Copper rates in London reached their highest levels in almost six weeks on Tuesday, supported by optimism over a possible U.S. rates of interest cut in September...

Italy
Aug 27, 2024

Water profiteers prosper in Sicily as drought magnifies

A drought on the Italian island of Sicily has ended up being so serious that many residents of the city of Caltanissetta have actually lacked running water...

China
Aug 27, 2024

European bismuth costs jump as China traders choose to sell on regional exchange

Bismuth costs in Europe have risen to nineyear highs as tight supplies are worsened by traders in top producer China offering on a local exchange instead of...

United Kingdom
Aug 27, 2024

Oil stops briefly gains after rising on Libyan failures, Middle East tensions

Oil prices paused their recent advances, declining on Tuesday after rising more than 7%. in the previous three sessions on supply concerns triggered by. fears of a...

Indonesia
Aug 27, 2024

Rising Asian thermal coal imports driven by Japan, S.Korea: Russell

Asia's imports of seaborne thermal coal ticked up in August to the greatest in eight months, but the strength was mostly driven by North Asia's developed economies...

China
Aug 27, 2024

London copper increases to six-week high on US rate-cut optimism

Copper rates in London rose almost 1% on Tuesday to their greatest levels in nearly six weeks, supported by optimism over a possible U.S. rates of interest...

Oil & Gas
Aug 27, 2024

Full Output Resumes at Liza Unity in Guyana

An Exxon Mobil consortium's crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company...

United States
Aug 27, 2024

Gold relieves as firmer dollar outweighs support from rate-cut bets

Gold rates edged lower on Tuesday following a small recovery in the dollar, although losses were capped by investor optimism for impending U.S. rate cuts and remaining...

United Kingdom
Aug 27, 2024

Financial Times - August 27

The following are the leading stories in the Financial Times. Reuters has not validated these stories and does not attest their precision. Headings - UK service groups...

Brazil
Aug 27, 2024

Brazilian iron ore miner Vale names CFO Pimenta as next CEO

Brazilian miner Vale on Monday said that present Chief Financial Officer Gustavo Pimenta will become its next Chief Executive Officer, wrapping up a. noisy succession process that...

Australia
Aug 26, 2024

Asian stocks slide as geopolitical concerns sap self-confidence

Asian stocks fell on Tuesday as investors contemplated looming U.S. interest rate cuts and awaited incomes from AI darling Nvidia, while rising tensions in the Middle East...

United Kingdom
Aug 26, 2024

Oil prices stop briefly after surging on Libyan outages, Middle East stress

Oil prices paused their current advances, receding in Asian trading on Tuesday after surging more than 7% in the previous 3 sessions on supply concerns prompted by...

South Korea
Aug 26, 2024

SK Development shareholders approve merger plan with SK E&S, Yonhap reports

Shareholders of South Korea's. SK Development, parent of the country's largest oil. refiner and battery maker SK On, authorized on Tuesday a merger. with energy affiliate SK...

Australia
Aug 26, 2024

Australian shares increase as BHP Group, Woodside Energy shine on positive earnings

Australian shares advanced on Tuesday, led by mining and energy stocks after sector majors BHP Group and Woodside Energy posted strong earnings, while investors stayed concentrated on...

Australia
Aug 26, 2024

UN chief issues 'SOS' for Pacific Islands worst hit by warming ocean

United Nations SecretaryGeneral Antonio Guterres stated on Tuesday ocean temperatures are rising in the Pacific Islands at three times the rate worldwide, and its population was uniquely...

Brazil
Aug 26, 2024

Three arson presumes arrested for setting fires in Brazil farmland

3 men have actually been jailed on suspicion of setting fires that have damaged thousands of hectares of sugarcane plantations in northern Sao Paulo state, its Governor...

United Kingdom
Aug 26, 2024

BHP yearly earnings increases 2%, says open to higher debt for acquisitions

BHP Group reported a. betterthanexpected yearly underlying profit on Tuesday due to. growth at its iron ore and copper companies and stated it was. comfortable with raising...

Africa
Aug 26, 2024

UN warns Libya faces economic collapse in the middle of reserve bank crisis

The United Nations Support Mission in Libya (UNSMIL) provided a statement late on Monday revealing deep concern over the degrading scenario in Libya arising from unilateral choices....

Israel
Aug 26, 2024

Israeli settlers kill Palestinian in West Bank, military strike kills 5 others

Israeli settlers shot dead one Palestinian and injured three others in the occupied West Bank's Bethlehem, while five others were killed in an Israeli strike on the...

Australia
Aug 26, 2024

Water level rising quicker in Pacific than somewhere else, states WMO report

Sea level rises in the Pacific Ocean are outstripping the global average, a World Meteorological Organization (WMO) report revealed on Tuesday, imperiling lowlying island states. Internationally, sea...

United States
Aug 26, 2024

Icahn Enterprises shares plunge to 20-year low after $400 million unit sale plan

Shares of billionaire financier Carl Icahn's Icahn Enterprises closed at a more than 20year low on Monday after the firm stated it will sell up to $400....

Brazil
Aug 26, 2024

Manager of Canada's public pension bullish on Brazil power and water sector, CEO states

After nearly twenty years in Latin America, the Canada Pension's supervisors still see space to expand in the region and particularly Brazil, where they think a flourishing...

Africa
Aug 26, 2024

Ghana momentarily halts grain exports as lack of rain hits crops

Ghana on Monday briefly banned the export of grains consisting of maize, rice and soybean to guarantee domestic supply as the West African country comes to grips...

Brazil
Aug 26, 2024

Fires in Brazil cane fields controlled, damage to sugar crop being evaluated

Sao Paulo said there were no more active fires in sugarcane fields in the state on Monday following a surge in cases because late recently, however lots...

Finland
Aug 26, 2024

Finland's Stora Enso suspends logging after damage to river pearl mussels

Finnish forestry group Stora Enso has suspended all logging in ecologically safeguarded locations in Finland, it stated on Monday after confessing destroyed a large number of freshwater...

Mexico
Aug 26, 2024

Mexico's new Pemex refinery processes 65,000 bpd of crude in July but no gas

Mexican state oil company Pemex's most recent refinery processed some 65,046 barrels each day of petroleum in July, its first month of operations after numerous delays, and...

Africa
Aug 26, 2024

South Africa could have no power cuts over next 7 months, Eskom states

South Africa might have no scheduled power cuts over the next 7 months if stateowned energy Eskom's unexpected electrical energy losses stay at their current level, its...

Germany
Aug 26, 2024

Germany's Scholz calls for pragmatic technique to 'permanently chemicals'

German Chancellor Olaf Scholz required a pragmatic technique to toxic permanently. chemicals discovered in lots of home and everyday items during a. check out to an Evonik...

United Kingdom
Aug 26, 2024

Gold nears record high on US rate-cut optimism, geopolitical dangers

Gold prices firmed on Monday, nearing its current record high, amidst strong bets of a September interestrate cut following dovish signals from Federal Reserve Chair Jerome Powell...

France
Aug 26, 2024

EU crop display cuts maize forecast again due to heat in southeast

Crop tracking service MARS on Monday cut most of its typical grain yield forecasts for the European Union this year, with another sharp decrease for maize as...

Nigeria
Aug 26, 2024

Nigerian economy grows over 3% in Q2 as oil output increases

Nigeria's economy grew 3.19%. in the second quarter of 2024 compared to the very same quarter. in 2015, raised by higher crude oil production and the. performance...

Africa
Aug 26, 2024

South Africa's top gold miner sees profit rise as rates rally

Harmony Gold, South Africa's. biggest gold manufacturer by volume, said on Monday its profit. most likely doubled in the year ended June 30, buoyed by an increase...

Malaysia
Aug 26, 2024

Malaysian energy giant Petronas takes legal action against South Sudan over local possessions deal

Malaysian state-owned energy giant Petroliam Nasional > said on Monday its system had actually initiated procedures against South Sudan for supposedly obstructing a $1.25 billion sale of...

United States
Aug 26, 2024

Russia's Nornickel taking a look at effect of most current US sanctions

Russian mining giant Nornickel said on Monday it was analyzing the ramifications of brand-new U.S. sanctions on its subsidiaries, which are not associated with the business's production...

Taiwan
Aug 26, 2024

Asia Cement (China) investors decline majority owner's take-private deal

Asia Cement (China)'s. shareholders have actually rejected its bulk owner's takeprivate. offer, it stated on Monday. Taiwan-listed Asia Cement Corp had used to take. the company personal...

Hong Kong
Aug 26, 2024

Trudeau says Canada to impose 100% tariff on Chinese EVs

Prime Minister Justin Trudeau stated on Monday that Canada will impose a 100% tariff on the import of Chinese electric lorries. Ottawa will also impose a 25%...

United Kingdom
Aug 26, 2024

Exxon forecasts 2050 oil need to match today's, 25% above BP estimate

Exxon Mobil said on Monday it anticipates unrefined demand to remain above 100 million barrels per day (bpd) through 2050, similar to today's levels, a. forecast 25%...

India
Aug 26, 2024

SEBI's ban on India's Anil Ambani and his Reliance Group troubles

Anil Ambani, one of India's bestknown business people and chairman of Reliance Group, was prohibited from the securities market for five years and fined about $3 million...

Ukraine
Aug 26, 2024

Europe gas rates vulnerable to Ukraine transit stop, states TotalEnergies CEO

The future of Russian gas transit through Ukraine remains a crucial unpredictability for European gas rates, even as the continent heads into the winter season with full...

Africa
Aug 26, 2024

Consistency Gold expects revenue surge despite $158 mln writedown

Consistency Gold stated on Monday it will report an increase in earnings of a minimum of 64%, driven by higher output, grades and metal prices but partially...

India
Aug 26, 2024

VEGOILS-Palm oil reaches one-month high up on Indonesia's tax, biodiesel strategies

Malaysian palm oil futures climbed up for the fourth consecutive day on Monday to close at their highest in one month, on Indonesia's plan to lower its...

Japan
Aug 26, 2024

Stocks stutter, oil jumps on Mideast escalation worries

World stock markets turned mindful on Monday as optimism that U.S. rate of interest are coming soon was tempered by issue over increased tensions in the Middle...

India
Aug 26, 2024

Gold marches towards record highs as Powell backs rate cuts

Gold held near record highs on Monday, buoyed by a softer dollar and dovish remarks from U.S. Federal Reserve Chair Jerome Powell strengthening expectations of a. September...

Germany
Aug 26, 2024

Rate-cut hopes fulfill Mid-East threats

A look at the day ahead in U.S. and worldwide markets by Dhara Ranasinghe. Not for the first time, financial markets are advised why it's never ever...

Norway
Aug 26, 2024

Norway sovereign wealth fund commits $1 bln to renewable resource fund

Norway's sovereign wealth fund stated on Monday it will dedicate 900 million euros ($ 1.01. billion) to the latest renewable energy fund of investment company. Copenhagen Infrastructure...

United Kingdom
Aug 26, 2024

Shanghai copper touches 3-week high up on US rate cut hopes, China demand rebound

Copper costs in Shanghai climbed to their greatest in more than three weeks on Monday, supported by a. rebound in need in China and on hopes of...

China
Aug 26, 2024

Iron ore strikes nearly 2-week high on softer dollar, China demand hopes

Iron ore futures prices rebounded on Monday to strike their greatest in nearly two weeks, supported by a softer dollar and potential customers of steel demand picking...

France
Aug 26, 2024

New york city Times business news - Aug. 26

The following are the top stories on the New york city Times organization pages. Reuters has actually not validated these stories and does not guarantee their accuracy....

China
Aug 26, 2024

Sinopec's 1H revenue up 2.6% on record output regardless of slumping item demand

China's Sinopec published a. 2.6% rise in net earnings for the very first half of the year, it stated. on Sunday, as record oil and gas output...