Latest news

United States
Aug 2, 2024

Will Venezuela's contested election lead to brand-new age of isolation?

The United States is considering fresh sanctions on Venezuela following Sunday's. challenged presidential election. Incumbent President Nicolas. Maduro declared triumph, but opposition leaders say tallies show. their...

United States
Aug 2, 2024

Talen Energy provides nuclear-powered crypto mining school stake, sources say

Talen Energy is seeking to offer its stake in a cryptocurrency mining operation powered by its Pennsylvania nuclear plant in a procedure marketed to both information center...

South Korea
Aug 2, 2024

South Korea says prepared to use flood relief to North Korea

South Korea is all set to supply North Korea with relief products for damage brought on by current heavy rains, South Korea's Red Cross said on Thursday,...

United States
Aug 2, 2024

European shares lower on revenues, bonds increased after Fed

Major European equity markets were lower on Thursday after a raft of business revenues in the U.S. and Europe, while prospects of upcoming policy easing in the...

France
Aug 2, 2024

ArcelorMittal's Q2 core earnings slide however ahead of expectations

ArcelorMittal, the world's No. 2 steelmaker, reported secondquarter core earnings toppled 38% on low steel prices however the result was somewhat better than expected as shipments got...

South Korea
Aug 2, 2024

Major S. Korean refiners' diesel export sales could recuperate to four-month high

South Korea's crucial oil refiners are most likely to see area export sales volumes for 10ppm sulphur diesel reach a fourmonth high in August, after offers for...

Egypt
Aug 2, 2024

Major Gulf markets combined in the middle of Middle East stress, Fed outlook

Major stock exchange in the Gulf were combined in early trade on Thursday amidst tensions in the Middle East following the killing of Hamas leader Ismail Haniyeh...

Australia
Aug 2, 2024

Western Australian job losses damage Australia's green aspirations

A downturn in the vital minerals sector that has triggered a wave of task losses in Australia's top earning resources state has also struck a blow to...

Energy Markets
Aug 2, 2024

Trigger up on tighter solar, nuclear supply

European wholesale power costs rose on Thursday on expectations of lower solar output on the dayahead while nuclear power accessibility dropped in France. Solar energy supplies continue...

Germany
Aug 2, 2024

More German business mull relocation due to high energy rates - survey

High energy prices and a lack of dependable energy supplies are hindering German companies' production and financial investments, with a growing trend of industrial firms considering moving...

India
Aug 2, 2024

Rain, particles, leeches: India landslide survivors remember 'night of scaries'

Whenever it rains really heavily in the hills of Wayanad in southern India, many people stay awake, remembering a 2019 landslide that killed about 20 people. Last...

Saudi Arabia
Aug 2, 2024

Petrochemicals giant SABIC post 85% second-quarter revenue leap

Saudi Basic Industries Corp. ( SABIC), one of the world's greatest petrochemicals. business, reported a close to 85% jump in secondquarter internet. revenue on Thursday, helped by...

China
Aug 2, 2024

Copper slides on China need issues

London copper kickstarted the month on a softer note, weighed down by issues about need from top customer China, even as the U.S. Federal Reserve meant a...

United Kingdom
Aug 2, 2024

Diamond sales at Botswana's Debswana fall 49.2% as market slump continues

Sales of rough diamonds at Debswana Diamond Company fell 49.2% in the first half of 2024, according to information released by the Botswana central bank late on...

China
Aug 2, 2024

Iron ore increases to more than 1-week high on upbeat demand outlook, China stimulus hopes

Iron ore futures costs rose to a more than oneweek high on Thursday, buoyed by top manufacturer Rio Tinto's positive need outlook for leading customer China and...

United States
Aug 2, 2024

Gold scales 2-week high as Fed signals likely Sept rate cut

Gold prices hit a twoweek high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting rates of interest as early as September....

China
Aug 2, 2024

China records hottest month in current history

China had its hottest month in observed modern-day history in July, Chinese state media reported, matching record heat seen around the world last month. Temperatures averaged 23.21...

Africa
Aug 2, 2024

OPEC+ likely to stay with output policy at conference, sources state

OPEC+ essential ministers satisfy on Thursday to decide output policy with sources anticipating it is unlikely to make any modifications to its existing deal to cut production...

Hong Kong
Aug 2, 2024

Asian shares increase on global tech rise, yen rallies

Asian shares rallied on Thursday, tracking a substantial revival in tech stocks helped by Meta and Nvidia, while potential customers of imminent policy alleviating in the United...

India
Aug 2, 2024

Asia's crude oil imports drop in July as China stays weak: Russell

Asia's crude oil imports dropped to the most affordable in two years in July as demand remained weak in leading importer China and alleviated in second India....

Australia
Aug 2, 2024

Olympics-Surfing-Competition in Tahiti likely to resume on Thursday after storm delays

Competitors was cancelled at the Olympic surfing location of Teahupo'o in Tahiti on Wednesday, with conditions still super challenging after a storm swept though the area, requiring...

Indonesia
Aug 2, 2024

VEGOILS-Palm oil succumbs to second session as firmer ringgit, rival oils weigh

Malaysian palm oil futures dropped for a second consecutive session on Thursday as a. stronger ringgit and weak point in competing vegetable oils weighed on. the contract....

Venezuela
Aug 2, 2024

Court in Citgo auction needs more time to conclude talks, filing says

U.S. court officials managing the auction of shares in a Citgo Petroleum moms and dad to repay Venezuela financial obligations requested more time to complete their work,...

United States
Aug 2, 2024

Base metals gain as US Fed signals Sept rate cut

Rates of copper and other metals kickstarted the month on a stronger note as the U.S. Federal Reserve meant a September rate of interest cut, while expectations...

China
Aug 2, 2024

Base metals rally on soft dollar, China demand outlook

Prices of copper and most other base metals traded greater on Thursday, supported by a. softer U.S. dollar and expectations of additional stimulus to help. restore demand...

South Korea
Aug 2, 2024

SK Development sees strong refining margins; battery system keeps break-even target

SK Development said on Thursday it anticipates strong oil refining margins in the second half of the year as OPEC+ production cuts buoy prices and the peak...

China
Aug 2, 2024

China's Communist Celebration expels former CNPC chairman, state media states

China's judgment Communist Party has actually expelled Wang Yilin, former chairman and celebration secretary of stateowned China National Petroleum Corp (CNPC),. for discipline infractions, state media stated...

Australia
Aug 2, 2024

Financial Times - Aug 1

The following are the leading stories in the Financial Times. Reuters has actually not confirmed these stories and does not guarantee their accuracy. Headings - Thames Water...

Hong Kong
Aug 2, 2024

Asian shares extend international rally, Nikkei an outlier as yen surges

Asian shares rallied on Thursday, tracking a substantial revival in international tech stocks helped by Meta and Nvidia, while potential customers of impending policy easing in the...

United States
Aug 2, 2024

Oil increases on threat of expanding Middle East dispute

Oil costs increased in early Asian trading on Thursday, extending strong gains in the previous session after the killing of a Hamas leader in Iran raised the...

France
Aug 2, 2024

Olympics-China anti-doping agency implicates New York Times of sabotage over report

China's antidoping firm (CHINADA) has implicated the New york city Times of politicizing doping problems and said the publication was trying to impact the psychology of Chinese...

United States
Aug 2, 2024

Chevron's $53 billion deal for Hess deals with brand-new hold-up over arbitration schedule

Chevron Corp's. proposed purchase of oil manufacturer Hess faces a prolonged. new hold-up, with an arbitration panel not expected to hear a. competitor's claim to Hess' stake...

Brazil
Aug 2, 2024

Brazil steelmaker Gerdau's adjusted net earnings down 56%.

Brazilian steelmaker Gerdau on Wednesday reported a 55.9% decline in secondquarter adjusted net revenue compared with the same duration in 2015, as its steel sales and output...

Ukraine
Aug 2, 2024

Ukraine gets first F-16 jets, officials say

The very first batch of long-awaited F-16 jets have arrived in Ukraine, Lithuania's foreign minister and a U.S. official stated on Wednesday, an effort Kyiv has said...

United States
Aug 2, 2024

Eversource Energy second-quarter revenue jumps on greater need

Eversource Energy reported a. increase in secondquarter earnings on Wednesday, as the electric. energy took advantage of increased demand for electrical energy throughout. the peak summer months....

Energy Markets
Aug 2, 2024

Stocks rise; yields, dollar lower as Fed indicates rate cut

MSCI'S international equities index registered its biggest daily gain in over five months on Wednesday and the dollar somewhat pared losses after the U.S. Federal Reserve held...

United States
Aug 2, 2024

United States oil demand set seasonal record in May, EIA data shows

U.S. oil need rose to a seasonal record in May as American vehicles guzzled one of the most gasoline given that before the pandemic, information from the...

United States
Aug 2, 2024

APA beats earnings estimates on higher oil production, prices

Oil and gas firm APA beat analysts' price quotes for secondquarter profit on Wednesday, assisted by greater production and oil rates. Shares were up 1.1% at $31.52...

United States
Aug 2, 2024

Oil gains nearly 3% on increasing Mideast stress, falling United States crude stockpiles

Oil costs rose almost 3% on Wednesday as investors stressed the conflict in the Middle East might broaden after the killing of a Hamas leader in Iran,...

United States
Aug 2, 2024

Gold climbs over 1% after Fed's Powell mean early rate cut

Gold prices extended gains on Wednesday after Federal Reserve Chair Jerome Powell hinted that a rates of interest cut might be on the table as early as...

United States
Aug 2, 2024

United States legislators seek to obstruct Chinese firms from solar manufacturing aid

A bipartisan group of U.S. legislators on Wednesday introduced an expense that would obstruct Chinese solar panel makers from claiming aids for their American factories. WHY IT...

Oil & Gas
Aug 2, 2024

BP Hires Transocean’s Ultra-Deepwater Drillship for Gulf of Mexico Ops

Offshore drilling contractor Transocean has secured a $531 million contract with BP for its ultra-deepwater drillship Deepwater Invictus.Under the 1,095-day contract, the Deepwater Invictus will be deployed...

Israel
Aug 2, 2024

Australia says Israel did not deliberately eliminate foreign help employees in Gaza

Israeli air campaign that eliminated global help employees in Gaza in April were the result of serious operational failures however were not intentional, according to a Australian...

United States
Aug 2, 2024

Stocks increase, bond yields pare losses after Fed choice

MSCI'S global equities index added to gains on Wednesday and the dollar slightly pared losses after the U.S. Federal Reserve held interest rates consistent however unlocked to...

Italy
Aug 2, 2024

Large fire breaks out in Rome near public TV station and court of justice

A large fire broke out in Rome on Wednesday on a hill near the Italian capital's court of justice and a public television broadcasting centre, requiring the...

China
Aug 2, 2024

Copper up on weaker dollar, wishes for Chinese stimulus

Copper rates rebounded on Wednesday to a oneweek high up on a weaker dollar and calls to boost usage at a meeting of China's leading decisionmaking body...

United States
Aug 2, 2024

Vistra, Constellation get on expectations of higher power rates

Shares of Vistra and Constellation Energy jumped on Wednesday on expectations of greater power costs following a capacity auction by the biggest U.S. grid operator. PJM Affiliation...

United States
Aug 2, 2024

Stocks rise, yen gains after BoJ move; earnings and Fed in focus

MSCI'S global equities index rallied on Wednesday while the yen jumped after the Bank of Japan raised interest rates and investors awaited a U.S. rates of interest...

Colombia
Aug 2, 2024

Colombia EMC rebel group pledges no attacks on COP16 later this year.

A faction of Colombia rebel group the Estado Mayor Central will not attack the United Countries' COP16 biodiversity conference in the city of Cali later on this...

Saudi Arabia
Aug 1, 2024

Saudi budget deficit tops $4 bln in second quarter

Saudi Arabia's deficit spending rose to 15.3 billion riyals ($ 4.09 billion) in the second quarter, nearly three times the deficiency taped a year earlier, finance ministry...