Latest news

United Arab Emirates
Jul 8, 2024

Countries' strategies not yet aligned with tripling renewables capacity goal

Nations' climate strategies are not yet in line with an objective to triple renewable resource capability worldwide by 2030 which was set at the COP28 climate summit...

Saudi Arabia
Jul 8, 2024

Saudi non-oil activity growth slows in May, PMI reveals

Growth in nonoil service activity in Saudi Arabia alleviated in May as brand-new orders rose at the slowest rate in 25 months, a survey showed on Tuesday....

Australia / New Zealand
Jul 8, 2024

China's MMG prepares to raise $1.16 bln to repay debt, fund mine advancement

China's MMG said on Tuesday it plans to raise about HK$ 9.08 billion ($ 1.16 billion) through a rights concern to repay existing debt, enabling the Hong...

Asia / Pacific
Jul 8, 2024

Base metals largely acquire on rate cut hopes

Rates of nonferrous metals mainly increased on Tuesday, supported by a softer dollar and potential customers of rate cuts by the U.S. Federal Reserve. Three-month copper on...

East Asia
Jul 8, 2024

VEGOILS-Palm oil falls more than 3% on weaker Dalian contracts and petroleum

Malaysian palm oil futures fell over 3% on Tuesday as trading resumed after a. public holiday, with weakness in rival Dalian agreements and. crude oil costs weighing...

Taiwan
Jul 8, 2024

Asian shares pull back as investors question US economic strength

Asian share markets were slightly weaker on Tuesday as global financiers consider the possibility the U.S. economy's 'exceptionalism' is beginning to relax as production activity in the...

Asia / Pacific
Jul 8, 2024

China courts Spain to push EU on electrical lorry probe

China hopes Spain will press the European Union to support and motivate the new energy industry to deepen cooperation and produce a fair and predictable development environment,...

United States
Jul 8, 2024

US oil futures draw restored interest from hedge funds: Kemp

Portfolio investors purchased petroleum agreements for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC? ministers to decide...

United States
Jul 8, 2024

Oil rates extend losses on concerns of supply rising later in 2024

Oil prices reduced in early trade on Tuesday, extending their losses from the previous session when rates fell to their lowest in four months, as financiers stressed...

United Kingdom
Jul 8, 2024

Funds keep faith with copper even as capture fades: Andy Home

The vicious squeeze on the CME copper agreement appears to have mostly passed but fund supervisors are sticking with their bullish convictions on both U.S. and London...

North America
Jul 8, 2024

NYSE glitch triggers volatility in lots of stocks

A glitch at the New york city Stock Exchange (NYSE) activated huge swings in the shares of Berkshire Hathaway and Barrick Gold, and trading stops in dozens...

Asia / Pacific
Jul 8, 2024

World stocks up as investors eye ECB rate cut

World stocks rose on Monday regardless of a subdued Wall Street following unanticipated weakness in U.S. manufacturing information, feeding unpredictability about the U.S. rates of interest outlook...

North America
Jul 8, 2024

Warren Buffett's PacifiCorp energy reaches $178 million wildfire settlement

PacifiCorp, an utility owned by billionaire Warren Buffett's Berkshire Hathaway, said on Monday it accepted pay $178 million to deal with claims by 403 plaintiffs developing from...

North America
Jul 8, 2024

Oil strikes four-month low as OPEC+ choice fails to ease need concerns

Oil prices toppled by $3 a. barrel on Monday to their lowest in almost 4 months, as. financiers fretted that a complex OPEC+ output choice could. lead...

South America
Jul 8, 2024

Environment modification made destructive Brazil floods two times as likely, scientists state

Environment modification made the current flooding that devastated southern Brazil twice as likely, a team of global scientists stated on Monday, adding that the heavy rains were...

North America
Jul 8, 2024

US purchases 3 million barrels of oil for Strategic Petroleum Reserve

The U.S. is purchasing another 3 million barrels of oil for the country's Strategic Petroleum Reserve, the Department of Energy stated on Monday, as it slowly replenishes...

ASEAN Countries
Jul 8, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Skydance Media was awaiting a response to its enhanced quote for home...

United States
Jul 8, 2024

European shares rally, eyeing ECB rate relocation

World stocks steadied on Monday in spite of decreases on Wall Street following information that revealed unforeseen weak point in U.S. production activity, adding to unpredictability about...

North America
Jul 8, 2024

Gold increases as soft US economic data stimulates Fed rate cut bets

Gold prices increased on Monday as weakerthanexpected U.S. economic data sealed expectations that the Federal Reserve would cut rates of interest later on this year, sending out...

United Kingdom
Jul 8, 2024

Canada's Taseko shares fall 8% after strike at Gibraltar mine

Shares of Canadian copper miner Taseko Mines fell 8% on Monday on the Toronto Stock Exchange as the business suspended operations at its Gibraltar mine after workers...

United States
Jul 8, 2024

US summer home power expenses to jump by nearly 8%, energy policy organizations say

U.S. home energy expenses are expected to rise by 7.9% this summer as extreme heat boosts cooling costs, according to a research study launched on Monday by...

North America
Jul 8, 2024

Nigerian strike shuts power grid, interrupts airline companies

Nigeria's main labour unions on Monday closed down the nationwide grid and interfered with flights throughout the country as they began an indefinite strike over the government's...

Asia / Pacific
Jul 8, 2024

Indian heatwave eliminates dozens over summertime, media says nearly 25,000 fall ill

India's abnormally extreme heatwave this summer is suspected to have eliminated more than 100 individuals and made 10s of thousands ill, authorities and media reports stated, while...

Asia / Pacific
Jul 8, 2024

Copper gets on Chinese data, hopes of Fed rate cuts

Copper prices rose on Monday after data from leading consumer China showed stronger factory activity and U.S. inflation information reinforced hopes of interest rate cuts by the...

Africa
Jul 8, 2024

All eyes on ANC as it discusses who to employ to govern South Africa

South Africa was on tenterhooks on Monday for the African National Congress to signal whom it will choose as a partner to govern the country after it...

Crude Oil
Jul 8, 2024

European shares rally, considering ECB rate move

World stocks got on Monday while Treasury yields dropped after information showed unforeseen weak point in U.S. manufacturing activity, adding to unpredictability around the possibility of U.S....

Nordic States
Jul 8, 2024

EEX's Nasdaq deal dangers probe as remedies seen as inadequate, sources say

European Energy Exchange's. Nasdaq offer risks a fullscale examination. by EU antitrust regulators unless the Deutsche Boerse. system boosts solutions to address competition concerns, individuals. with direct...

United States
Jul 8, 2024

US area power rates turn negative in California, Arizona again

U.S. area power prices in California and Arizona turned unfavorable again for Monday, while nextday natural gas costs in northern California fell to their lowest considering that...

Asia / Pacific
Jul 8, 2024

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

Russia's finance ministry on Monday proposed increasing mineral extraction rents from next year on diamond, gold and iron ore mining, changes that could boost tax revenues by...

East European Countries
Jul 8, 2024

Spanish and French farmers obstruct border days before EU election

Spanish and French farmers blocked roads along the border through the Pyrenees mountains on Monday ahead of European Parliament elections to protest versus what they state is...

Western Europe
Jul 8, 2024

Funds keep faith with copper even as squeeze fades: Andy Home

The vicious capture on the CME copper agreement appears to have largely passed however fund supervisors are sticking with their bullish convictions on both U.S. and London...

Fossil Fuels
Jul 8, 2024

South African appeal court tosses lifeline to Shell's Wild Coast exploration

A South African appeals court on Monday suspended a previous ruling that halted offshore expedition by Shell along the unaffected Wild Coast and enabled oil business another...

Australia
Jul 8, 2024

EUROPE GAS-EU standard contract at six-month high up on Norwegian unplanned outage

European gas costs jumped to a sixmonth high on Monday after Norway's gas exports to Europe fell sharply as a shutdown of the offshore Sleipner hub halted...

North America
Jul 8, 2024

JetBlue forecasts enhanced second-quarter profits on healthy travel need

JetBlue Airways on Monday projection a smaller sized drop in secondquarter revenue than it had previously forecast due to healthy travel demand, sending its shares up about...

North America
Jul 8, 2024

New England grid gotten ready for summer electrical energy need, operator says

The New England electrical power grid is set to meet peak electrical energy need this summer season, even if extended heat triggers demand to spike, the ISO...

Nordic States
Jul 8, 2024

Norway interruption presses European gas prices to highest this year

Norway's gas exports to Europe fell dramatically on Monday as a shutdown of the overseas Sleipner hub halted operations at the Nyhamna onshore processing plant, pipeline operator...

ASEAN Countries
Jul 8, 2024

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Waste Management stated it will take Stericycle personal in a deal valued...

Mexico
Jul 8, 2024

ANALYST VIEW -Mexico's Sheinbaum secures landslide governmental election win

Claudia Sheinbaum has actually won a. landslide victory to end up being Mexico's very first female president,. acquiring the job of her mentor and outgoing leader Andres....

Nordic States
Jul 8, 2024

Denmark, Sweden end warnings on natural gas supply

Denmark and Sweden on Monday stated they were no longer caution of a danger of a lack of gas, canceling notifies raised simply months after Russia's fullscale...

United States
Jul 8, 2024

United States oil futures draw renewed interest from hedge funds: Kemp

Portfolio investors purchased petroleum agreements for the very first time in seven weeks as traders squared up short positions ahead of a conference of OPEC? ministers to...

Asia / Pacific
Jul 8, 2024

Gold costs edge up as financiers look for more US data

Gold rates ticked up on Monday, as financiers awaited several U.S. financial reports today for clues on health of the economy, after a recent inflation report suggested...

Mexico
Jul 8, 2024

United States LNG exports rise in May as Freeport LNG returns to production

U.S. exports of melted gas (LNG) rebounded in May as Freeport LNG, the country's secondlargest exporter of the superchilled gas, returned to complete production and as more...

United States
Jul 8, 2024

IAEA's Grossi says it's far from safe to restart Zaporizhzhia nuclear plant

It will be hazardous to reboot the Russianheld Zaporizhzhia nuclear reactor in Ukraine as long as war rages around it despite Moscow's wish to fire up the...

Qatar
Jul 8, 2024

Turkey's IC to bid for work on more nuclear plants, CEO says

Turkey's IC Holding desires to construct the country's 2nd and 3rd nuclear plants and is taking a look at winning more building agreements abroad, especially in Vietnam...

Environment
Jul 8, 2024

UN Bonn climate conference interrupted by pro-Palestinian protest

A session of U.N. environment settlements in the German city of Bonn was suspended on Monday after climate activists took to the conference stage and shown against...

Crude Oil
Jul 8, 2024

European shares rally, considering ECB rate move

European stocks bounced and federal government bond yields dropped on Monday as financiers looked forward to a rate of interest cut from the European Central Bank, while...

North America
Jul 8, 2024

JetBlue projections enhanced second-quarter profits on healthy travel need

JetBlue Airways on Monday forecast a smaller sized drop in secondquarter earnings than it had previously anticipated due to healthy travel need, sending its shares up 2.3%...

South-West Asia
Jul 8, 2024

OPEC+ bets the robust petroleum demand forecast is ideal: Russell

The OPEC+. choice to extend crude oil production cuts is an. acknowledgment that require growth is still unsure, but likewise. that the group remains hopeful its bullish...

Asia / Pacific
Jul 8, 2024

China's PSL loans fall but real estate assistance seen in place

China's central bank stated on Monday its loans via the pledged supplementary financing center ( PSL) fell by 75 billion yuan ($ 10.35 billion) in May, however...

East European Countries
Jul 8, 2024

NORDIC POWER-Forward costs get as greater European rates balance out wet weather view

Nordic forward power costs climbed on Monday, supported by rising gas rates and an uptick in German power costs, which offset the down pressure from wet weather...