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South Asia
May 8, 2025

India's Titan reports higher quarterly profits on demand for premium jewellery and gold coins

Indian watchmaker Titan posted a profit increase of nearly 13% in the fourth quarter on Thursday, as demand from wealthy customers for gold coins and premium jewellery...

China
May 8, 2025

China-led funds drive largest monthly inflows into gold ETFs for three years

Data from the World Gold Council on Thursday showed that the inflow of physical gold ETFs in April was the highest since March 2022. China-listed funds led...

Environment
May 8, 2025

US CPC predicts ENSO neutral conditions for June to August with 74% probability.

The United States Climate Prediction Center announced on Thursday that El Nino-Southern Oscillation neutral conditions will be preferred in the Northern Hemisphere during summer 2025 (74% probability...

United States
May 8, 2025

Gold prices fall as Trump signals a potential trade agreement with Britain

Gold prices fell slightly on Thursday ahead of President Donald Trump's expected announcement of a possible trade agreement between the United States of America and Britain. As...

United States
May 8, 2025

JP Morgan creates a new role in green banking leadership

JP Morgan has strengthened its green finance advisory and offering in Europe by appointing a new division leader to support clients on renewable energy and green technologies....

United States
May 8, 2025

Utility Talen Energy reports quarterly loss due to higher expenses

Talen Energy, a utility, reported a first-quarter loss on Thursday. Higher interest and energy costs were to blame, and its shares fell 3.3% during premarket trading. Interest...

United States
May 8, 2025

Utility Evergy misses its quarterly profit forecast due to lower demand and higher costs

Evergy Inc missed Wall Street expectations for the first-quarter profits on Wednesday. The utility was hurt due to higher costs and lower demands as a result of...

Iran
May 8, 2025

OPEC's April oil production is lower despite plans to increase, survey finds

A survey shows that OPEC's oil production fell in April despite a planned increase in output. This was due to a reduction in Venezuelan supplies in response...

India
May 8, 2025

Jindal Stainless, India's stainless-steel body, says it will file an antidumping petition within a few weeks.

India's Jindal Steel said on Thursday that a domestic trade organization will seek anti-dumping duty on stainless steel imported from China and Vietnam. This comes weeks after...

United States
May 8, 2025

EU countermeasures against U.S. tariffs amount to 95 billion euros

The European Commission announced on Thursday that it would take countermeasures against imports from the United States worth up to 95 billion euro ($107.2 billion), if Washington...

China
May 8, 2025

Russell: Iron ore is a very different story from the China tariffs pain narrative

The United States has imposed massive tariffs on Chinese goods, and the Chinese economy faces a huge blow. However, the commodity that is most vulnerable is not...

China
May 8, 2025

Chairman of VEB Development Bank, Russia, says that the bank will invest $42 billion for projects in China.

Igor Shuvalov, the head of VEB's Russian state-owned development bank, said that VEB will provide funding worth around 3.5 trillion Russian roubles (42.74 billion dollars) for joint...

Sweden
May 8, 2025

Rosatom, the Russian nuclear company, has sued Finnish companies for $2.8 billion in relation to a nuclear plant contract

Rosatom, a Russian company, has filed a suit in Moscow against Finland’s Fortum and Outokumpu. The lawsuit demands 227,8 billion roubles (2.8 billion dollars) as compensation for...

United States
May 8, 2025

Ambani's Reliance withdraws trademark application for codename "Pakistan strikes"

After a social media backlash, the film studio of Asia's richest person Mukesh Ambani retracted its trademark application for the codename used to describe India's military strike...

United States
May 8, 2025

ConocoPhillips announces retirement of CFO after beating first-quarter profit targets

ConocoPhillips surpassed Wall Street expectations for the first-quarter profits on Thursday. Chief Financial Officer Bill Bullock, who has worked at the Texas-based oil producer for 39 years,...

United States
May 8, 2025

Former US adviser: Trump is taking a harder line towards Russia

Former special representative of Donald Trump said that the president is taking a more aggressive approach to Russia in order to achieve the ceasefire he had promised...

Spain
May 8, 2025

Acerinox: 'Deglobalisation is an opportunity'

Acerinox, a Spanish steelmaker, said it expected to benefit from the "deglobalisation", and increased trade barriers. However tariff-related uncertainty hurt its first-quarter results. Acerinox is unique in...

Climate Change
May 8, 2025

EU makes it easier to hunt wolves in Europe

The European Parliament approved on Thursday plans to make it easier for wolves to be hunted in the EU. They cited their increasing numbers and the danger...

United States
May 8, 2025

Britain to be first to reach a deal on Trump tariffs

Thursday, the United States and Britain are expected to announce an agreement that will lower tariffs for some goods. This is the first such deal since U.S....

China
May 8, 2025

Dollar firms focus on US-China discussions as copper slips

Copper prices fell on Thursday, as the dollar remained steady and market attention shifted to U.S. China talks this weekend. As of 0950 GMT, the benchmark copper...

United Arab Emirates
May 8, 2025

ADNOC Drilling first-quarter profits jump on the strength of oilfield services

ADNOC Drilling is the subsidiary of Abu Dhabi’s state oil company. It reported on Thursday a 24 percent increase in profit for its first quarter, driven by...

Environment
May 8, 2025

Draft shows EU countries want to reduce red tape in energy laws

According to draft conclusions of a summit on EU energy ministers to be held next month, the EU wants to include energy policies as part of its...

South Asia
May 8, 2025

Gold drops as Trump signals possible trade deal with Britain

Gold prices dropped on Thursday as U.S. president Donald Trump hinted that he might sign a trade agreement with Britain. This lowered trade tensions, and reduced the...

Brazil
May 8, 2025

COP30 Brazilian presidency calls for new global climate governance

According to a letter released by the Brazilian presidency on Thursday, COP30, which is this year's global climate summit, has called for new global governance mechanisms in...

United Kingdom
May 8, 2025

US and Britain to announce tariff agreement on Thursday

Thursday is expected to see the United States and Britain announce an agreement to lower tariffs for some goods. This will be the first such deal since...

Finland
May 8, 2025

Outokumpu Finland meets profit forecasts amid muted demand and tariff uncertainty

Outokumpu, a Finnish stainless steel manufacturer, expects that global uncertainties due to U.S. Tariffs will impact its operating environment during the second quarter after its core earnings...

United States
May 8, 2025

China lowers gold import quotas to arrest yuan rallies

Two people with first-hand knowledge of the situation said that China's central banks has allowed some commercial banks in China to purchase foreign currency for the payment...

United States
May 8, 2025

China lowers gold import quotas to arrest yuan rallies

Two people with first-hand knowledge of the situation said that China's central banks has allowed some commercial banks in China to purchase foreign currency for gold imports...

China
May 8, 2025

China's steel exports will be slashed by a trade war, causing a surplus at home

Analysts and traders say that China's steel imports will plummet in the second quarter. This could exacerbate an existing supply glut in China, while the trade war,...

Japan
May 8, 2025

JFE Holdings, Japan's largest investment company, aims to invest nearly $3 billion overseas in growth.

JFE Holdings (parent of Japan's second largest steel manufacturer) has set aside 400 billion Japanese yen ($2.8billion) to invest overseas over a three-year period. It expects the...

Malaysia
May 8, 2025

Short covering and Indian buying of palms is limiting the decline in prices.

Malaysian palm futures fell Thursday, reaching their lowest level since September. However, strong Indian buying and short-covering helped to erase some of the early losses. By midday,...

South Asia
May 8, 2025

India's PNB CEO targets record-low bad loans ratio by increasing debt recovery, he says

Ashok Chandra, the CEO of Punjab National Bank, India's second largest state-run bank by assets, said that the bank aims to recover a higher percentage of soured...

India
May 8, 2025

CORRECTED - Indian strike on Pakistan is the worst fighting between neighbors in more than 2 decades

Two weeks after an attack that killed 26 people in India, the US announced on Wednesday it had destroyed nine sites in Pakistan which it called "terrorist...

Africa
May 8, 2025

Heidelberg Materials' Q1 results beat expectations due to strong Africa business

Heidelberg Materials, the second largest cement manufacturer in the world, reported sales and profits that exceeded expectations for its first quarter. The company also confirmed its outlook...

Australia
May 8, 2025

Russell: Iron ore is a very different story from the China tariffs pain narrative

The United States has imposed massive tariffs on Chinese goods, and the Chinese economy faces a huge blow. However, the commodity that is most vulnerable is not...

United States
May 8, 2025

Prices of oil rise on US-China trade talks

Oil prices rose on Thursday, after dropping more than $1 the previous session. This was due to hopes that a breakthrough would be made in upcoming trade...

China
May 8, 2025

The London Metals Company ahead of US-China Trade Talks

Metal prices in London rose mainly on Thursday, ahead of the U.S. China trade talks this Saturday. This was after the Federal Reserve warned that rising inflation...

Australia
May 8, 2025

Australian climate protesters disrupt Woodside’s annual meeting

On Thursday, climate change protesters shouted and blew whistles as they disrupted Australian Woodside Energy's Annual General Meeting. They also heckled Chief Executive Meg O'Neill. Similar to...

Wind Farms
May 8, 2025

North Star Takes Delivery of its First CSOV (Video)

North Star has officially named its first commissioning service operation vessel (CSOV), the Grampian Kestrel.The vessel was named at a ceremony at VARD’s shipyard in Vard Langsten...

China
May 8, 2025

Iron ore prices fall on China demand fears and Sino-US tensions

Iron ore futures prices fell on Thursday, as traders considered the impact of trade tariffs between China and the United States. They also weighed concerns about a...

South Asia
May 8, 2025

Gold prices rise as Fed warns of economic uncertainty

Gold rose on Thursday, after the Federal Reserve warned that rising inflation and labor-market risks were fueling economic uncertainty. Investors awaited this weekend's outcome of U.S. China...

China
May 7, 2025

London metals mixed before US-China trade talks

Investors in London reacted to the Federal Reserve's warning about the potential impact of rising inflation and labor market risks on economic uncertainty by varying the metal...

United Kingdom
May 7, 2025

Oil prices remain stable after a drop as supply and economic concerns weigh on the price

Investor sentiment was weighed down by uncertainty about the outcome of the trade talks between China and the U.S., the two world's largest oil consumers. Brent crude...

Canada
May 7, 2025

Nikkei reported that Japan's NTT planned to purchase remaining NTT Data Shares for up to $20,9 billion.

The Nikkei reported that the Japanese telecoms giant Nippon Telegraph and Telephone Corp. plans to launch an offer up to 3 trillion Japanese yen (20.92 billion dollars)...

India
May 7, 2025

Mining chamber expects a lithium boom in Argentina this year

The mining chamber CAEM announced on Wednesday that lithium production in Argentina will increase by 77% this coming year. This is equivalent to 131.800 metric tonnes of...

United States
May 7, 2025

US Judge to Rule by May 14th on Rio Tinto Copper Project Opposed by Native Americans

A U.S. Federal Judge said that he would rule on May 14 whether or not to stop the Trump Administration from transferring Arizona Land to Rio Tinto...

United States
May 7, 2025

Exxon has agreed to supply low-carbon ammonia to Japan's Marubeni

Exxon Mobil announced on Wednesday that it had signed a long term agreement with Marubeni, a Japanese trading company, to supply the Japanese trading house 250,000 metric...

China
May 7, 2025

British Steel under UK government control to increase output and hire staff

British Steel announced on Wednesday that it will hire more than 180 new employees as it prepares for a production increase following the British Government's operation seizure...

United States
May 7, 2025

Occidental reports quarterly profit beat on strong output, natural gas prices

Occidental Petroleum beat Wall Street expectations for the first-quarter profits on Wednesday thanks to strong production and favorable commodities prices. Benchmark Brent crude averaged $74.98 per barrel...

United States
May 7, 2025

APA sells New Mexico assets at $608 million following quarterly profit success

APA Corp announced on Wednesday it would sell New Mexico Permian assets to focus on its core business. This was in an effort for the company to...