Latest news

Asia / Pacific
Jun 7, 2024

Oversupply and weak Chinese demand are causing iron ore prices to fall

Iron ore futures fell on Monday due to persistent concerns over demand in China, the world's largest consumer of iron ore. There was also a supply surplus...

East European Countries
Jun 7, 2024

Liberty Steel UK to restructure business after Deal with Creditors

Liberty Steel, which is owned by commodities tycoon SanjeevGupta has reached an accord with major creditors following the raising of capital. This agreement paves the way for...

China
Jun 7, 2024

China's demand for iron ore is causing a third consecutive daily decline in the price of iron ore

The iron ore futures declined on Thursday. This is the third daily decline in a row. The reason for this was a slower start to China's building...

West Africa
Jun 7, 2024

Nigeria unveils revamped economic management structure amid rising hardship

Bola Tinubu, the President of Nigeria, announced on Wednesday a revamping of Nigeria's economy governance to alleviate financial hardships and boost productivity. A multi-layered framework was established...

Asia
Jun 7, 2024

Reliance and oil marketing companies are leading the rise in Indian shares

Indian shares rose Wednesday, led primarily by the heavyweight Reliance Industries following Goldman Sachs's announcement of a high Street target price. Oil marketing companies also saw gains...

Mineral Resources
Jun 7, 2024

WTO: Australian steel duties are unfair

The World Trade Organization panel found that Australia's duties in a dispute over steel products with China were incorrect. Canberra accepted the ruling. China filed the complaint...

China
Jun 7, 2024

Iron ore continues to fall due to lingering China concerns

The iron ore futures price continued to decline on Wednesday due to persistent concerns over demand in China, the world's largest steel consumer. The May contract for...

Europe
Jun 7, 2024

Macron and Lula launch submarines built in Brazil using French tech

On Wednesday, the presidents of France & Brazil launched a sub built in Brazil with French technology as part of a program aimed at building Brazil's nuclear-powered...

China
Jun 7, 2024

China's demand for iron ore is slower than expected

Iron ore futures fell on Tuesday amid a growing risk-off mood as fundamentals for the main steelmaking ingredient were unfavourable, and downstream steel consumption by China's largest...

Western Europe
Jun 7, 2024

Enkraft hires a special auditor to determine if ABO Wind violated the disclosure rules

Enkraft, an activist energy fund, is looking to appoint ABO Wind a special auditor to determine if the German renewables company informed its shareholders too late of...

China
Jun 7, 2024

China's demand for iron ore continues to grow

Iron ore futures rose Monday, boosted by the persistent hope of a further improvement in demand from China's top consumer and Beijing’s promise to support its struggling...

South-West Asia
Jun 7, 2024

Oil tanker crew tackle fire after projectile strike off Yemen - maritime agency

On Saturday, a crude oil tanker with the Panamanian flag caught fire after it was struck by a projectile unidentified off Yemen. This is the latest attack...

Asia / Pacific
Jun 7, 2024

The Dutch Supreme Court has rejected the Russian appeal regarding seizure and brand names of vodka

The Dutch Supreme Court denied on Friday an appeal from Russia against the seizure by former shareholders of the now-defunct oil company Yukos of the rights to...

China
Jun 7, 2024

The weekly iron ore price rises on the back of improved China demand

The iron ore futures market was mixed on Friday but is expected to gain weekly due to the growing expectation of an increase in demand from China,...

West Africa
Jun 7, 2024

Senegal's opposition leader seeks reassurance for investors ahead of Sunday's vote

One of the main challengers in the Senegalese presidential election on Sunday, Macky Sall’s party, has tried to reassure investors regarding his plans for West Africa. The...

South-West Asia
Jun 7, 2024

Turkey and Gulf States to Launch Talks for Free Trade Pact

Omer Bolat, Turkish Trade Minister said that Turkey and the Gulf Cooperation Council have signed an agreement to begin negotiations for a Free Trade Agreement. Ankara is...

Asia / Pacific
Jun 7, 2024

Iron ore gains from bets on more China stimulus and improved steel margins

Iron ore futures reached their highest level in more than a week Thursday. This was boosted by expectations for further monetary ease in China, the top consumer,...

Asia / Pacific
Jun 7, 2024

India's iron ore producers are seeking duties to limit iron ore exports

Indian sponge iron producers have asked the government to impose a duty on the export of low-grade ore in order to prevent a shortage of the primary...

Asia / Pacific
Jun 7, 2024

Dalian Iron Ore continues to gain on the hope of improved China demand

The prices of Dalian Iron Ore Futures continued to rise for a third session in a row on Wednesday. This was due to the growing expectation of...

United States
Jun 7, 2024

Texas school fund withdraws $8.5 billion in BlackRock ESG policies

The Texas school fund told BlackRock that it was terminating a contract with the asset manager to manage $8.5 billion in state funds due to BlackRock's energy...

Asia
Jun 7, 2024

India's steel giants invest billions in order to meet the booming local demand

Indian steel producers including JSW Steel Ltd. and Tata Steel Ltd. are expected to invest in record-breaking capacity increases to take advantage of rising domestic demand. India...

China
Jun 7, 2024

Positive China data and growing spot liquidity continue to drive iron ore prices higher

Iron ore futures continued to rise on Tuesday, reaching their highest level in almost a week. This was due in part to the recent positive data. The...

East European Countries
Jun 7, 2024

Telecoms shares drag Europe's STOXX 600 lower; Fed meet in focus

European shares fell on Monday due to a decline in the telecommunications industry, while German bond rates rose after February's euro zone inflation was as expected. Ireland's...

China
Jun 7, 2024

Dalian iron ore continues to fall due to concerns about demand; positive China data cap losses

Dalian iron ore prices fell further on Monday due to lingering worries about the demand from China, its largest consumer. However, some positive data re-invigorated hopes of...

Asia / Pacific
Jun 7, 2024

Iron ore to lose weekly value as weak demand and rising stocks weigh

The iron ore futures price continued to fall on Friday, and was set for a weekly loss. This is due to a deteriorating sentiment amid the sluggishness...

Renewable Fuels
Jun 7, 2024

Iveco focuses on partnerships to achieve a 20% growth in revenue by 2028

Iveco Group, a bus and truck manufacturer in Italy, said it would focus on developing new, deeper partnerships to drive future growth. The company unveiled its new...

Wind Farms
Jun 7, 2024

Ampelmann Inks 'Major Contract' with Seaway7 for US Offshore Wind Project

Dutch offshore access provider Ampelmann has signed a major contract with Seaway7 to supply an E5000 gangway to support the construction of a U.S. offshore wind project.With...

Asia / Pacific
Jun 6, 2024

China's demand for iron ore continues to linger.

Iron ore futures prices were flat on Thursday due to lingering fears about demand from China, the world's largest consumer. However, Beijing's recent pledge of equipment upgrades...

Energy Markets
Jun 6, 2024

Europe doesn't need 'Airbus-equivalent' for energy, says E.ON boss

E.ON's CEO, who spoke to , said that the company has no intention of creating a pan European mega-utility. He also rejected suggestions that recent turmoil on...

Energy Markets
Jun 6, 2024

E.ON increases investments to $46 Billion as grid expansion accelerates

E.ON, Europe’s largest operator of energy networks and the biggest investor in the sector, raised its investment target for the next five years to 42 billion Euros...

China
Jun 6, 2024

Fears of Chinese demand easing have led to a fall in iron ore prices

On Wednesday, iron ore futures fell on concerns of a decrease in demand from China's top consumer due to increased equipment maintenance by the steelmakers as well...

ASEAN Countries
Jun 6, 2024

Experts warn that a Trump return could reignite US-Vietnam tensions.

Analysts warn that Vietnam's large surplus in trade with the United States could reignite tensions if Donald Trump were to win a second term as president. This...

Germany
Jun 6, 2024

Wacker Chemie's sales and profit will drop by 2024, but the shares will rise on strong Q1 results.

Wacker Chemie, a German chemical manufacturer, said Tuesday that it expects a slight drop in sales and profits for 2024. However the shares of the company jumped...

Asia / Pacific
Jun 6, 2024

Dalian Iron Ore falls to 5-month lows as China's demand declines

Dalian iron ore prices continued to fall on Tuesday and hit a new five-month low, pushed down by a weaker sentiment in the face of a subdued...

Mineral Resources
Jun 6, 2024

Report: Liberty's Czech Steel Mill pledges 200 Million Euros in cost reductions

The Czech steelmaker Liberty Ostrava plans to reduce costs by 200 millions euros ($218.4million) and production by over half as part of a restructuring plan designed to...

United States
Jun 6, 2024

Deals of the Day-Mergers & Acquisitions

By 930 GMT, Wednesday, the following mergers, acquisitions, and dispositions had been reported: ** Abu Dhabi's alternative investor Lunate announced that it had acquired a 40% stake...

South-West Asia
Jun 6, 2024

Gulf Arab States test the waters with Iraqi investment

The glitzy Rixos Hotel, funded by Qatar, is being built in Baghdad’s Green Zone. This heavily fortified area was left over from Iraq’s war torn years. It...

Energy Markets
Jun 6, 2024

Europe doesn't need 'Airbus-equivalent' for energy, says E.ON boss

E.ON's CEO, who spoke to , said that the company has no intention of creating a pan European mega-utility. He also rejected suggestions that recent turmoil on...

Energy Markets
Jun 6, 2024

E.ON increases investments to $46 Billion as grid expansion accelerates

E.ON, Europe’s largest operator of energy networks and the biggest investor in the sector, raised its investment target for the next five years to 42 billion Euros...

Asia / Pacific
Jun 6, 2024

Shanghai copper hits all-time high in the middle of bullish demand outlook, supply concerns

Shanghai copper costs rallied for a fifth successive session to an all-time high on Wednesday, increased by bullish need outlook and supply worries. The most-traded May copper...

Europe
Jun 6, 2024

Wind power boost weighs heavily on spot rates

European spot power costs fell sharply on projections for a near doubling of German wind power output, bypassing the effect of tighter French nuclear supply, while a...

Indonesia
Jun 6, 2024

VEGOILS-Palm extends gains on hot weather, ahead of Eid vacation

Malaysian palm oil futures increased for the 3rd straight session on Wednesday, due to a. shortage after a slowdown in production during Ramadan, topped. with hot weather...

Energy Markets
Jun 6, 2024

VEGOILS-Palm rises following gains in Dalian palm oil contract

Malaysian palm oil futures opened higher for the third straight session on Wednesday, supported by gains in the palm oil agreement on the Dalian Product Exchange. The...

Asia / Pacific
Jun 6, 2024

Gold shatters new records as Mideast tensions contribute to bullish mix

Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing Middle East stress, mainly disregarding a more powerful dollar...

Asia
Jun 6, 2024

India to keep track of capacity, harness surplus power to satisfy summer season need

India is taking all essential measures to guarantee that power need is met throughout what is expected to be a ruthless summer this year, the federal government...

Italy
Jun 6, 2024

Italy's Eni mulls sale of newswire AGI amid conflict of interest row

Eni is assessing an expression of interest for its newswire Agenzia Giornalistica Italia (AGI), a representative for the energy group stated on Tuesday, including the conversation was...

China
Jun 6, 2024

Robust Chinese manufacturing information enhances copper

Copper rates rose to their highest in more than a week on Tuesday as strong factory information from China and plans to cut production by smelters in...

Central America
Jun 6, 2024

Gas demand for LNG falls as Cheniere lowers output

There was a substantial decrease on Tuesday in the amount of U.S. gas being melted for export with a drop in need from Cheniere Energy's Corpus Christi...

South Asia
Jun 6, 2024

Russian billionaires see collective wealth near $600 bln - Forbes

Russia's richest individuals included $72 billion to their fortunes over the previous year, taking their cumulative wealth to $577 billion, Forbes said on Tuesday, with Vagit Alekperov,...

Saudi Arabia
Jun 6, 2024

Aramco awards $7.7 bln in agreements for Fadhili gas growth

Saudi Aramco has actually awarded $7.7. billion in contracts to expand its Fadhili gas plant's. processing capability to 4 billion standard cubic feet daily,. the business said...