Latest news

Italy
May 15, 2025

After Russia-Ukraine meeting, defence stocks rise in the STOXX 600 index of Europe

European shares recovered from an early drop to close higher Thursday. Industrial stocks got the biggest boost while corporate earnings were in the spotlight. The STOXX 600...

United States
May 15, 2025

NOPA's April US soy crushing at 190.226 million bushels tops all trade estimates

According to the National Oilseed Processors Association's (NOPA) latest data, the U.S. soya bean crush decreased in April but was still higher than most estimates. It also...

Africa
May 15, 2025

Gains in the South African rand on hopes for a change to inflation targets

Analysts said that the rand of South Africa firmed up on Thursday after a deputy minister of finance indicated that a lower target for inflation could be...

Pollution
May 15, 2025

Draft shows EU plans to give new subsidies to farmers who save water

A draft proposal seen by revealed that the European Commission had drafted plans for new subsidies to be offered to farmers who invest to waste less water...

Nigeria
May 15, 2025

EBRD approves investment in new African members

It said that the European Bank for Reconstruction and Development's (EBRD) board has approved new member countries Nigeria, Ivory Coast and Benin for investment following their approval....

Africa
May 15, 2025

Guinea cancels 46 mining licenses to signal stricter supervision of major operators

A government source said on Thursday that Guinea had revoked licenses for 46 mining companies in the country. This is seen by some analysts as a warning...

Brazil
May 15, 2025

Brazil oil workers to strike in protest of Petrobras' austerity measures

The Brazilian federation for oil workers (FUP) announced a two-day strike warning against Petrobras, the state-owned oil company, on Thursday. "In protest at the stagnation in the...

India
May 15, 2025

Data shows that there is no rush to export in advance.

India's merchandise deficit in April was the largest in five months, according to data released by the government on Thursday. Imports of petroleum products increased, which limited...

Africa
May 15, 2025

Mali: Security forces kill and kidnap civilians

Malian forces killed and arrested around 20 Fulani civilians at a livestock auction in the central region of West Africa, according to a local activist. Women from...

United States
May 15, 2025

Phillips 66 reduces portfolio by selling German and Austrian retail sales amid Elliott pressure

Phillips 66 announced on Thursday that it would sell a 65% share in its German-Austrian fuel retail business, valued at $2.8 billion. The U.S. refiner is attempting...

United States
May 15, 2025

US manufacturing output drops in April due to weak auto production

The U.S. manufacturing sector is expected to struggle in the second quarter due to tariffs. The Federal Reserve announced on Thursday that factory output fell by 0.4%...

Africa
May 15, 2025

Two years after the Sudan war, drone attacks have cut off power in Khartoum State

Authorities said that drone attacks had cut off power in Khartoum, and other surrounding states, on Thursday. This was as the Rapid Support Forces, a paramilitary group,...

United States
May 15, 2025

US EPA sends a proposal for biofuel blend volume to White House for review

The U.S. Environmental Protection Agency sent a proposal rule to the White House, asking for its review. It outlines the amount of biofuels that oil refiners will...

Canada
May 15, 2025

China export restrictions propel tungsten at its highest level since 2013.

The price of tungsten in Europe has risen to its highest level in over a decade this month, as traders scrambled to find supplies after China reduced...

Africa
May 15, 2025

Angola's economic and debt challenges

The International Monetary Fund cut its growth forecast for Angola in 2025 to 2.4%. This was primarily due to concerns over the impact that lower crude oil...

Turkey
May 15, 2025

Turkey expects Syrian Kurdish Militia to fulfill Damascus Deal

Hakan Fidan, Turkey's Foreign Minister, said that the YPG Syrian Kurdish militia must fulfill a deal it made with the Syrian Government. The group is expected to...

Africa
May 15, 2025

South Africa's Public Investment Corporation names a new CEO

Patrick Dlamini, the new CEO of South Africa's Public Investment Corporation PIC, will take office on June 1st. This was announced by one of Africa's biggest fund...

United Kingdom
May 15, 2025

Ferrexpo unit faces bankruptcy proceedings in Ukraine

Ferrexpo, a Ukrainian miner with a focus on Ukraine, said that the Commercial Court of Poltava accepted a request to open bankruptcy proceedings of Ferrexpo Poltava Mining....

South Korea
May 15, 2025

Russell: Asia's refined oil imports fall, but margins are still strong

In April, Asia's imports for key refined fuels like gasoline and diesel dropped to their lowest level in four years. This was due to refinery maintenance as...

United States
May 15, 2025

EU is "moving slowly" to combat the rapid rise in censorship of LGBTQ+

Anti-LGBTQ+ legislation spreading throughout Europe Hungary's Pride ban latest rollback of rights The European Commission is moving too slowly, say activists Lucy Middleton Hungary is leading the...

United Kingdom
May 15, 2025

Kodal: Mali lithium exports are blocked because of delays in obtaining permits

Kodal Minerals' chief executive Bernard Aylward said that regulatory hurdles in Mali had prevented the British miner from exporting more than 20,000 tons of lithium concentrate. Kodal's...

Energy Markets
May 15, 2025

Havana's capital is experiencing a rise in temperatures and blackouts

The daily blackouts of four hours or longer have become the norm in Cuba's capital, Havana. This is a disturbing sign that the energy crisis has not...

Argentina
May 15, 2025

Massive icefalls at Argentina's Perito Moreno Glacier cause awe and alarm

A deep cracking noise from the ice foretells the imminent dramatic fall. A block of ice 70 meters tall (230 feet) - about the height of a...

United Kingdom
May 15, 2025

Fading optimism over US-China tariff pause drives copper down

Copper and other base materials fell on Thursday, as the optimism over a 90 day pause on most retaliatory duties agreed between Beijing and Washington began to...

Netherlands
May 15, 2025

Stellantis Chairman says less EU regulations will reduce car costs

John Elkann, chairman of Stellantis, said in a joint interview with Renault CEO Luca de Meo on Thursday that the European Union must cut down regulations that...

United States
May 15, 2025

China's production cap will support aluminium despite trade disputes

Analysts said that a weakening in demand for aluminium due to trade tensions could weigh on prices. However, a long-standing Chinese production cap may limit the losses....

Oil & Gas
May 15, 2025

IEA predicts a slowdown in the growth of global oil demand for the remainder of 2025

The International Energy Agency (IEA), said Thursday that economic headwinds and record sales of electric cars will reduce global oil consumption growth to 650,000 barrels a day...

Germany
May 15, 2025

Suedzucker confirms lower earnings forecast on weak sugar markets

Suedzucker, Europe's biggest sugar producer, confirmed on Thursday that it expects a decline in earnings for this financial year as the EU sugar markets remain weak in...

Bahrain
May 15, 2025

Gulf markets dull as global stock rally loses momentum

The majority of Gulf stocks were flat on Thursday morning, with oil prices falling and Asian stock markets declining after the initial excitement from eased trade tensions...

Germany
May 15, 2025

Government advisers: Germany is on track to meet its 2030 climate goals, but future targets are at risk

Independent government advisers on Thursday warned that Germany risks missing its post-2030 targets but is on track to reach its 2021-2030 goal. They urged a clear, long-term...

Qatar
May 15, 2025

Trump claims the U.S. is close to an agreement with Iran on a nuclear deal

Donald Trump, the U.S. president, said that on Thursday the United States is very close to reaching a nuclear agreement with Iran and that Tehran has "sort...

Africa
May 15, 2025

Focus on mining data and the upcoming Ramaphosa Trump meeting to boost South African rands

South Africa's currency, the rand, edged higher against a weaker US dollar on Thursday morning after President Cyril Ramaphosa confirmed that he will meet with Donald Trump...

Indonesia
May 15, 2025

Conférence delegates claim that China has plenty of cobalt, despite the Congo ban

The Chinese cobalt industry has ample supplies of battery-making materials despite an export ban placed by the top producer in the world, the Democratic Republic of Congo...

Norway
May 15, 2025

Norway GDP growth faster than expected Q1

Statistics Norway (SSB), on Thursday, released data showing that the Norwegian economy's growth was faster than expected in the first quarter 2025. In the January-March timeframe, mainland...

Czech Republic
May 15, 2025

CEZ proposes a dividend above the range and first-quarter profits are higher than estimates

CEZ, the Czech electric company, proposed a dividend of 47 crowns ($2.11) for each share on Thursday. This is 80% less than last year's profit. It was...

Taiwan
May 15, 2025

As markets wait for US data, stocks ease and the dollar trembles.

The dollar fell as traders looked to U.S. economic data for more catalysts. Brent crude futures fell more than 2% and U.S. Crude also dropped. The benchmark...

Australia
May 15, 2025

Australia's NRW Holdings plunges after warning of $73 million impairment

Shares in Australia's NRW Holdings dropped as much as 24 percent to a two-year low Thursday after the company warned that a proposed legislation regarding Whyalla Ports...

China
May 15, 2025

London metals fall on cautious over US-China truce

Prices for most base metals fell in London on Thursday, as the temporary truce between U.S. and China tariffs prompted caution. There were also concerns over a...

May 15, 2025

Union wins with two goals from Tai Baribo in the second half

Tai Baribo scored twice, including the winning goal in the sixth minute during second-half stoppage, as the Philadelphia Union defeated the Los Angeles Galaxy 3-2 on Wednesday,...

South Asia
May 15, 2025

Russell: Asia's refined oil imports fall, but margins are still strong

In April, Asia's imports for key refined fuels like gasoline and diesel dropped to their lowest level in four years. This was due to refinery maintenance as...

United States
May 15, 2025

Southwest Kansas wheat yield is estimated to be above average. Crop tour shows

On Wednesday, the second of a three-day annual tour in Kansas, crop scouts projected that the average yield of hard red winter grain in the southwest portion...

United States
May 15, 2025

Gold falls to a new low in less than a month; US PPI data is the focus

Gold prices fell to a record low of over one month on Thursday, ahead of an important U.S. report that is expected provide clues about the Federal...

Wind Farms
May 15, 2025

New $1.2B Subsea Cables Factory Plan Set to Transform Port of Tyne

LS Eco Advanced Cables (LSEAC) has launched a five-week public consultation on its proposals to develop a high voltage cable production facility at the Port of Tyne...

China
May 15, 2025

Iron ore futures near 5-week high but China credit data cap gains

Iron ore futures rose to a new five-week high Thursday, supported by a better demand outlook thanks to the Sino-U.S. Trade truce. However, weaker Chinese credit data...

May 14, 2025

Union wins with two goals from Tai Baribo in the second half

Tai Baribo scored twice, including the winner in the sixth second-half minute of stoppage time. The Philadelphia Union won 3-2 on Wednesday, keeping the Los Angeles Galaxy...

Australia
May 14, 2025

As markets wait for US data, stocks drift and the dollar fluctuates.

The dollar fell on Thursday as traders looked to U.S. economic data for more catalysts. The benchmark 10-year Treasury yield reached a new high, partly due to...

China
May 14, 2025

Metals fall as metals are cautious over the US-China truce on tariffs

The price of most base metals fell in London on Thursday as the U.S. - China tariff truce sparked uncertainty about various trade deals. The benchmark copper...

United Kingdom
May 14, 2025

Oil drops more than 1% amid expectations of a US-Iran nuke deal

Early Thursday, oil prices fell by nearly $1 on the back of expectations for a possible U.S. Iran nuclear deal. Meanwhile, an unexpected increase in U.S. crude...

Australia
May 14, 2025

Peak Rare Earths, owned by Australia's Peak Rare Earths, will be purchased by China's Shenghe Resources for approximately $97 million

Peak Rare Earths announced on Thursday that Shenghe Resources, a Chinese rare earths producer, will purchase the Australian company for A$150.5m ($96.62m), plus the A$7.5m entitlement offer....

United Kingdom
May 14, 2025

Britain invests $838 Million on Public Building Energy Upgrades

The government announced on Thursday that it would invest 630 millions pounds ($838million) in the installation of solar panels, heat pumps, and other clean energy technologies on...