Latest news

South Korea
May 5, 2025

Trump's trade tariffs and threats

The President of the United States, Donald Trump stated on Sunday that he was most concerned about securing a fair deal with China after his tariff policy...

Africa
May 5, 2025

In northeast Nigeria, armed bandits kill 19 and rustle cattle

Police and residents in Bauchi, north-east Nigeria, said that at least 19 people had been killed in an ambush suspected to be carried out by bandits and...

United States
May 5, 2025

Peabody may exit Anglo American's assets deal over damaged coal mine

Peabody Energy announced on Monday that if it is not satisfied with the resolution of issues surrounding Anglo American's Moranbah North Mine, then they may terminate their...

Finland
May 5, 2025

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

Court documents and Rosatom’s statement indicate that Rosatom filed a lawsuit against Finland’s Fortum and Outokumpu in Moscow, claiming 227,8 billion roubles (2.8 billion dollars) as compensation...

United States
May 5, 2025

Gold gains due to dollar weakness and safe-haven demand

Gold prices rose over 2% Monday due to a weaker US dollar and demand for safe-haven assets, as the market awaits the Federal Reserve's policy announcement later...

Netherlands
May 5, 2025

World court dismisses Sudan's genocide case against UAE over alleged Darfur interference

The International Court of Justice dismissed Sudan's claim that the United Arab Emirates were fueling genocide by supplying arms to paramilitary groups in Darfur, saying they lacked...

Saudi Arabia
May 5, 2025

Saudi Arabia reports a first-quarter loss of $15.65 billion

Saudi Arabia's first-quarter 2025 deficit increased to $15.65bn from $3.30bn a year earlier as oil revenue fell 18%, to 149.810bn riyals (about $39.95bn), the finance ministry reported...

United States
May 5, 2025

Tyson Foods beats quarterly profit estimates, chicken sales rise

Tyson Foods surpassed Wall Street expectations on Monday for the second-quarter profits, thanks to increased demand for chicken products and lower costs. Premarket trading saw shares fall...

China
May 5, 2025

India's R R Kabel will see a surge in volume by 2026 due to US tariffs.

A top executive at Indian wire and cable maker R R Kabel’s said on Monday that the company expects its volume to grow by more than twice...

Europe
May 5, 2025

Three police officers killed in Dagestan, Russia

Authorities in Dagestan, a southern Russian region, reported that three police officers were shot dead in a shootout on Monday after unknown gunmen opened up on their...

United Kingdom
May 5, 2025

Gold increases by more than 2% due to dollar weakness and safe-haven demand

Gold prices increased by more than 2% Monday. This was due to a weaker US dollar and a surge in safe-haven investments after President Donald Trump's new...

United States
May 5, 2025

Eskom's outlook for power has lifted the rand to a five-week high.

The South African rand strengthened Monday, reaching its highest level in five weeks. State utility Eskom stated that it was optimistic regarding the power outlook for the...

China
May 5, 2025

OPEC+’s 'healthy crude oil market' looks like catching a flu: Russell

The OPEC+ group's increased supply is not the reason for which they claim it is. On May 3, the eight OPEC+ member countries who have agreed to...

Canada
May 5, 2025

Sunoco will buy Parkland for $9 billion in a deal that consolidates the fuel suppliers in America

Sunoco LP announced on Monday that it would buy Parkland, a Canadian fuel distributor, for a total of $9.1 billion including debt. The companies claimed this deal...

Saudi Arabia
May 5, 2025

Saudi Arabia increases Arab Light June OSP in Asia

Saudi Arabia, which is the largest oil exporter in the world, has increased its prices to Asian buyers despite the fact that crude prices fell on Monday,...

Germany
May 5, 2025

Fortuna eyes Guinea investments after Burkina Faso exit, CEO says

Fortuna Mining, a Canadian company, is looking to expand into Guinea, after leaving Burkina Faso where it was plagued by regulatory instabilities and high security costs due...

Japan
May 5, 2025

Data shows that Russia's LNG imports fell 4.6% year-on-year in January to April.

LSEG released preliminary data on Monday showing that Russia's LNG exports in the first quarter of this year fell by 4.6% compared to a year ago, reaching...

Taiwan
May 5, 2025

Oil falls, Taiwan dollar soars at the start of a central bank-heavy weekend

Oil prices dropped on Monday, after the oil-producing group OPEC+ decided to increase oil production. Meanwhile, Taiwan's dollar surged up to nearly three-year-highs as world markets began...

Africa
May 5, 2025

South Africa's Eskom targets no power outages for the next four months

Eskom, the South African utility, said it was optimistic for the power outlook during the winter in the Southern Hemisphere. It aims to avoid any electricity cuts...

Iran
May 5, 2025

UN document shows US attempts to undermine global development finance efforts

A document from the United Nations that was seen by revealed that the United States wants to weaken an international deal designed to help developing countries who...

Kazakhstan
May 5, 2025

Goldman Sachs lowers its oil price forecast following OPEC+'s decision to increase output

Goldman Sachs has reduced its oil forecast after the Organization of the Petroleum Exporting Countries (OPEC+) and its allies decided to increase oil production. The bank stated...

Renewable Energy
May 5, 2025

French spot prices rise due to higher demand and falling wind output

The French spot price rose on Monday as a result of an expected rise in electricity consumption, while the wind power generation is expected to decrease throughout...

United States
May 5, 2025

EUROPE GAS - Dutch prices are easing, but the market is seeking direction

Dutch wholesale gas prices fell on Monday, despite cooler weather conditions, lower renewable energy generation, and possible Asian demand for liquefied gas. According to LSEG, the benchmark...

United Kingdom
May 5, 2025

Oil falls, Taiwan's Dollar surges as central banks pack the week

Oil prices fell over 2% Monday, after the oil-producing group OPEC+ decided to increase oil production. Meanwhile, Taiwan's dollar surged up to nearly three-year-highs as world markets...

China
May 5, 2025

Volvo Cars sales slump 11% in April due to the decline of fully electric vehicles

Volvo Cars announced on Monday a 11% decline in April sales, to 58.881 vehicles, compared with a year ago, which sent its shares lower. Volvo Cars, owned...

Australia
May 5, 2025

Official: India Government finalising response after top court cancels JSW Steel-Bhushan Deal

A government official revealed on Monday that the Indian government had discussed with banks an order by a court to cancel JSW Steel’s four-year old buyout of...

United Kingdom
May 5, 2025

The global sustainability head at RPT-HSBC Asset Management will depart

HSBC announced on Friday that the top executive in sustainable finance at its asset management division will be leaving the company. This is the latest departure from...

Saudi Arabia
May 5, 2025

PMI data shows that Saudi Arabia's growth in the non-oil sector slowed down in April.

A survey released on Monday showed that Saudi Arabia's private sector non-oil activity expanded at a slower pace in April due to a sharp slowdown in the...

Oil & Gas
May 5, 2025

Australian Energy Group Congratulates Re-Elected Albanese Government

Australia’s oil and gas industry congratulates Prime Minister Anthony Albanese on Federal Labor’s re-election on Saturday and looks forward to continuing to work with the Government on...

United States
May 5, 2025

Barclays lowers Brent crude forecasts for 2025 and 2026 as OPEC+ increases output.

Barclays lowered their Brent oil forecast by $2 per barrel for 2026 and $4 for 2025, citing OPEC+'s decision to increase oil production. Barclays stated in a...

United States
May 4, 2025

Bloomberg News reports that Adani representatives meet Trump officials to try and end US bribery.

Bloomberg News reported that representatives of Indian billionaire Gautam Adani, and his companies, met with officials in the U.S. administration under President Donald Trump to request dismissal...

Australia
May 4, 2025

South Africa's Gold Fields will buy Australia's Gold Road for $2.4 billion in a deal

Gold Road Resources announced on Monday that South Africa's Gold Fields would acquire Gold Road Resources as part of a sweetened agreement, valuing Gold Road's Australian equity...

Saudi Arabia
May 4, 2025

OPEC+’s 'healthy crude oil market' looks like catching a flu: Russell

The OPEC+ group's increased supply is not based on the reasons they claim. On May 3, the eight OPEC+ member countries who have agreed to voluntary production...

Germany
May 4, 2025

Former F1 racer Jochen Mass, winner of Le Mans and former Le Mans champion, has died at the age of 78

Jochen Mass died aged 78. He was the former Formula One driver who won the first grand prix where a woman finished in the top ten and...

Singapore
May 4, 2025

Oil prices drop by more than $2/bbl after OPEC+ increases production

Oil prices dropped by more than $2 a barrel in the early Asian trading on Monday, as OPEC+ was set to increase oil production even more. This...

United Arab Emirates
May 4, 2025

Four sources claim that OPEC+ will continue to increase oil production.

OPEC+ will increase oil production and may unwind the voluntary cuts of 2.2 million barrels a day by the end October if the members don't improve their...

Saudi Arabia
May 4, 2025

Saudi chemical group SABIC reports a Q1 loss of $323 Million

SABIC, the Saudi chemicals giant, reported on Sunday a net loss for the first quarter of 1,21 billion Saudi Riyals ($323m), citing an increase in operating costs...

Hong Kong
May 4, 2025

Report: China's Ant Group will list its overseas unit in Hong Kong

Chinese media, citing anonymous sources, reported that Ant Group, a subsidiary of China's ecommerce giant Alibaba Group, plans to list Ant International on the Hong Kong Stock...

Saudi Arabia
May 4, 2025

Four sources claim that OPEC+ will continue to increase oil production.

OPEC+ will increase oil production and may unwind the voluntary cuts of 2.2 million barrels a day by the end October if the members don't improve their...

United States
May 4, 2025

RPT-Buffett will step down from his position as CEO of Berkshire after 60 years, and pass the baton to Abel

Warren Buffett, perhaps the most famous investor in the world, is retiring at the end 2025. He will hand over Berkshire Hathaway's reins to vice chairman Greg...

United States
May 3, 2025

Greg Abel, Warren Buffett's replacement, is seen maintaining Berkshire culture

Greg Abel, who will succeed Warren Buffett as the head of Berkshire Hathaway by the end of the year, is expected to maintain the culture of the...

United States
May 3, 2025

Buffett steps down as Berkshire CEO; Abel will take over

Warren Buffett announced on Saturday that he would step down from his role as Berkshire Hathaway's chief executive at the end the year and give the reins...

United States
May 3, 2025

QUOTES -Buffett quotes from Berkshire Meeting: Trade, Opportunities, United States

Warren Buffett presiding over the 60th Berkshire Hathaway shareholders meeting, Warren Buffett gave his views on everything ranging from investment opportunities to trade. Here are some Buffett...

United States
May 3, 2025

Berkshire supports Japanese trading houses and could hold them "forever"

Warren Buffett gave his full support on Saturday to five Japanese trading companies in which his conglomerate is involved. Berkshire Hathaway Has invested. Buffett spoke to Berkshire...

United States
May 3, 2025

Wildfires reduce Berkshire's profits; cash soars $347.7 Billion

Berkshire Hathaway, owned by Warren Buffett, posted a lower operating income in the first three months of this year, impacted by wildfire insurance losses and currency fluctuations....

United States
May 3, 2025

Wolff: Sustainable F1 fuel costs more than expected

Toto Wolff, Mercedes' team chief, says that the switch to 100 percent sustainable fuel in Formula One from next season has proven to be more costly than...

Africa
May 3, 2025

Source: OPEC+ will agree to another accelerated increase in oil production for June

A source said that eight OPEC+ nations will meet on Saturday and agree to a new accelerated oil production increase for June, of 411,000 barrels a day....

Africa
May 3, 2025

Sources say that OPEC+ is set to increase oil production again in June.

Four sources familiar with the matter said that eight OPEC+ nations will likely agree on Saturday to a further accelerated increase in oil production for June. This...

United States
May 3, 2025

US worker safety agency informs employees of terminations

The Trump administration terminated employees late Friday of a worker safety and health agency, which provides services and research for coal miners and firefighters, despite pleas from...

Wind Farms
May 3, 2025

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

U.K.-based PD Ports has outlined its plans to develop one of the U.K.’s largest offshore wind manufacturing and installation hubs - the Teesport Offshore Gateway.The proposed project...