Latest news

Mexico
Apr 30, 2025

Pemex's quarterly losses of $2.12 billion as sales fall

The Mexican state-owned energy company Pemex announced a net loss for the first quarter of $43.3 billion ($2.12 billion), mainly due to falling sales, increasing expenses, currency...

Canada
Apr 30, 2025

The Brazilian indigenous fund wants to take on nature finance

Global expansion of community-managed nature fund In four years, investments in communities have increased by 38% but are still small Community funds are looking for local priorities...

United States
Apr 30, 2025

US sanctions against Iran ahead of nuclear talks

Washington is seeking to increase pressure on Tehran by imposing sanctions on Wednesday on entities that it believes are involved in the illegal trade of Iranian petrochemicals...

Saudi Arabia
Apr 30, 2025

Saudi Arabia is able to live with lower oil price, according to sources

Five sources familiar with the discussions said that Saudi Arabian officials were briefing industry experts and allies to explain the kingdom's unwillingness to support the oil market...

South Asia
Apr 30, 2025

European steelmakers warn of trade and pricing risks despite strong quarterly earnings

The top European steelmakers' first-quarter earnings were better than expected, but they warned that trade tensions around the world, low European prices, and market volatility will cloud...

Singapore
Apr 30, 2025

U.S. stocks and global stock prices fall on the back of GDP decline and crude price drop

Wall Street stocks plunged sharply, pulling down their European counterparts as well, due to a waning investor appetite for risk following a disappointing U.S. economic report, a...

United Kingdom
Apr 30, 2025

Gold prices fall on hopes of rate cuts after weaker US data

Gold prices recovered some of their losses on Wednesday, as the bets that U.S. Federal Reserve would cut rates increased after weaker than expected first quarter U.S....

India
Apr 30, 2025

Record gold prices dampen demand during Indian festival

The gold demand was lower than usual on Wednesday, during an Indian festival where buying gold is considered auspicious. Retail consumers reduced purchases due to the record-high...

Hong Kong
Apr 30, 2025

London Metal Exchange increases fees after scrapping OTC trading plan

The London Metal Exchange has decided to increase fees for contracts using LME prices instead of requiring that private bilateral deals be traded between members and their...

South Korea
Apr 30, 2025

Czech Government to Take Majority in Nuclear Power Project worth $18 Bln

The Czech government has agreed to an updated model of financing for the construction of two new nuclear units. It will also take a major stake in...

Spain
Apr 30, 2025

Spain's grid denies that solar is to blame as a blackout blame game explodes

Spain's grid operator denied Wednesday that solar power was responsible for the country's biggest blackout. Prime Minister Pedro Sanchez, however, came under increasing pressure from his critics...

United States
Apr 30, 2025

Public Service Enterprises report higher profits on colder weather

Public Service Enterprise Group, an electric and gas utility, reported a higher profit in the first quarter on Wednesday. The colder weather during winter boosted demand for...

United States
Apr 30, 2025

Martin Marietta reports higher profits on demand for building materials

Martin Marietta posted a higher profit per unit on Wednesday, due to steady infrastructure spending as well as investments in data centers projects driving demand for its...

Denmark
Apr 30, 2025

US private sector delegation to Greenland

A U.S. delegation led by an ex-official of the Trump administration is scheduled to visit Greenland next week to explore potential investment opportunities within the vast natural...

United States
Apr 30, 2025

PPL Corp's quarterly profit beats estimate on rising data center power demand

PPL Corp, an electric and gas utility company, beat Wall Street's first-quarter estimate on Wednesday thanks to favorable weather conditions in Pennsylvania and Kentucky and higher transmission...

United Kingdom
Apr 30, 2025

Lobby group: West Africa's upheaval calls for joint mining ventures and local listings

To navigate the increasingly complex West African landscape, international mining companies should look at joint ventures with partners local and dual listing on regional stock exchanges. In...

India
Apr 30, 2025

Indian Oil's profit for the fourth quarter jumps due to inventory gains

Indian Oil Corp., the top refiner in the country, announced a 50% increase in its fourth-quarter profits on Wednesday. The company attributed the jump to inventory increases,...

United States
Apr 30, 2025

Hess beats first-quarter profit estimate despite weak oil prices

Hess announced a decline in its first-quarter profits on Wednesday. The lower oil price was to blame, but the shale producers still managed beat Wall Street's expectations....

Ukraine
Apr 30, 2025

Kyiv is ready to sign a resource deal with the US, a government source in Ukraine says

A Ukrainian government source said that Ukraine was ready to sign an agreement with the United States on mineral resources. This could happen later today. The source...

Africa
Apr 30, 2025

Ghana signs agreement with nine additional gold mines to purchase 20% of their output

A government agency announced on Wednesday that Ghana had reached an agreement with nine additional mining companies for the purchase of 20% of their production. The deal...

Ireland
Apr 30, 2025

Trane Tech exceeds its quarterly expectations on the strength of demand for air conditioners

Trane Technologies reported Wednesday better-than expected first-quarter results, and reaffirmed their annual profit forecast. They benefited from the rising demand for heating, ventilation, and air conditioning (HVAC)...

South Asia
Apr 30, 2025

India's Adani Power Fourth Quarter Profit Falls on Lower Tariffs and Higher Costs

Adani Power, an Indian thermal power company, reported on Wednesday a 5% drop in its fourth-quarter profits. This was due to lower tariff realizations and higher operational...

Denmark
Apr 30, 2025

Business groups and industry call for Britain and the EU's carbon markets to be linked

Over 50 business groups and companies from across Europe have called for Britain and the EU at a upcoming summit to begin talks on linking their carbon...

India
Apr 30, 2025

Oil price outlook dims due to tariffs and potential OPEC+ production boost

An oil price poll on Wednesday showed that OPEC+’s decision to reduce supplies and a demand outlook clouded with trade disputes between China and the U.S. will...

Switzerland
Apr 30, 2025

Investors react positively to a wave of corporate earnings, boosting UK shares

British stocks rose Wednesday, as investors considered mixed corporate results. The main indexes are poised to end a volatile, but largely positive, month. They have almost recovered...

South Asia
Apr 30, 2025

Indian benchmarks gain monthly on hopes of a trade deal, but Pakistan tensions weigh

Indian benchmarks closed at the same level on Wednesday, but ended a solid month. Both the Nifty and Sensex posted monthly gains due to expectations of a...

South Asia
Apr 30, 2025

Vedanta, an Indian miner, doubles its quarterly profit on lower taxes and higher commodity prices

Vedanta, an Indian conglomerate that converts metals into oil, reported a fourth-quarter profit more than doubling. This was boosted by lower taxes and higher prices for zinc...

United States
Apr 30, 2025

Gold continues to fall as dollar gains and trade tensions ease

The gold price fell on Wednesday for the second consecutive session, mainly due to a stronger dollar, and signs that tensions between the U.S. and China have...

United Kingdom
Apr 30, 2025

Copper drops over 2% and heads for the worst month since November

The copper price fell by over 2% Wednesday and is heading for its worst month since November, due to weak data coming from China's top metals consumer...

Germany
Apr 30, 2025

South Korea's SK Innovation claims that refinery margins will improve following a surprise Q1 loss

SK Innovation Co Ltd, the owner of South Korea’s largest oil refiner SK Energy swung into an unexpected operating loss during the first quarter due to lower...

United States
Apr 30, 2025

EUROPE GAS: Prices rangebound amid geopolitical concerns and warm weather

The Dutch and British wholesale prices of gas traded within a narrow range Wednesday morning due to the warm weather, a soft demand and stable supplies while...

China
Apr 30, 2025

London metals fall on weak China factory data

Investors are watching upcoming U.S. data to get clues about the Federal Reserve’s policy direction. China's official purchasing manager's index dropped to 49.0 versus 50.5 in march,...

China
Apr 30, 2025

Gold prices record helps keep China's copper-smelters running despite losses

The soaring prices of gold and other byproducts keep China's copper-smelters afloat. They could prevent significant production cuts in this year, despite the fact that a key...

United Arab Emirates
Apr 30, 2025

Gulf markets ease due to soft oil and weak earnings

On Wednesday, the majority of major Gulf stock markets tracked lower oil prices while weak corporate earnings failed not to boost investor sentiment. The global trade war...

India
Apr 30, 2025

Indian firms are preparing to raise debts of $1.5 billion after RBI liquidity boost.

Indian companies have increased their plans to borrow money from the market, led by the state-run companies. The central bank's new bond purchasing scheme has surprised the...

France
Apr 30, 2025

Technip Energies shares drop after the first-quarter's net profit missed expectations

Technip Energies, a French energy infrastructure company, posted a first-quarter profit that was below market expectations on Wednesday. This helped to drive its shares down. The company's...

Iraq
Apr 30, 2025

Droughts threaten buffalo and farmer's livelihoods in Iraq

Iraq's buffalo populations has been reduced by more than half in the last decade, as both the Tigris River and the Euphrates suffer from severe droughts, which...

Germany
Apr 30, 2025

RWE is facing growing criticism from investors as the returns on renewable energy are declining

RWE's shareholders will increase the pressure on Germany’s top power company on Wednesday. They'll demand bolder measures to close a gap in valuation with competitors, including larger...

China
Apr 30, 2025

China's steel production could be cut by reducing the iron ore output, according to a third-month decline in iron ore.

The price of iron ore futures fell on Wednesday. This was the third consecutive monthly decline, as the steel production in China, the world's largest consumer, could...

France
Apr 30, 2025

TotalEnergies Q1 profit falls on lower oil prices and weak refining margins

By America Hernandez PARIS, 30 April - TotalEnergies, the French oil giant, reported an 18% decline in adjusted net profit for the first three months to $4.2...

France
Apr 30, 2025

Fontana, EDF: New investment must be focused on the domestic nuclear fleet

The new boss of the state-owned energy company EDF has said that investment must be prioritized to maintain France's nuclear fleet. He also stated his intention to...

Malaysia
Apr 30, 2025

China shifts its focus to Europe to export used cooking oil as US tariffs impact shipments

Due to high tariffs, China's exports of used cooking oil to the United States - its biggest buyer - are expected to plummet in the coming months....

Malaysia
Apr 30, 2025

Palm oil prices fall on the back of increased production and stock levels

Malaysian palm futures declined for the third consecutive session on Wednesday, as concerns about higher production and stock levels continued to weigh heavily on market sentiment. At...

India
Apr 30, 2025

WGC expects India's jewellery sales to decline, but investment demand will increase.

The World Gold Council (WGC), a global organization that promotes gold, said the share of investment demand will rise in India by 2025 as the price rally...

Luxembourg
Apr 30, 2025

Aperam anticipates a recovery of earnings in the second quarter

Aperam, a Luxembourg-based steel company, said on Wednesday that it expects to see its adjusted profits grow and its debt decline sequentially in its second quarter after...

Luxembourg
Apr 30, 2025

ArcelorMittal's top views on the first-quarter core profits

ArcelorMittal reported a first-quarter profit that was above the market's expectations on Wednesday. This was largely due to a strong performance by Liberia. The Luxembourg-based firm reported...

Germany
Apr 30, 2025

Mercedes profits drop in Q1 due to tariffs

Mercedes-Benz reported lower profits in its car business for the first quarter on Wednesday and warned that tariffs may impact its earnings in the full year, as...

United Kingdom
Apr 30, 2025

London metals drop as strong dollar clouds hopes for tariff easement

London metals declined on Wednesday, as a stronger US dollar overshadowed optimism about improving U.S. China trade relations. Investors are now looking forward to the U.S. Economic...

United States
Apr 30, 2025

Sources: Chinese sovereign fund CIC will sell US private equity investments worth $1 billion, according to sources

Two people familiar with the matter have confirmed that China Investment Corporation (CIC), a sovereign Chinese investor, is selling its PE investment portfolio worth about $1 billion...

Singapore
Apr 30, 2025

As tariffs fuel global growth concerns, shares sway and oil prices fall.

On Wednesday, oil prices and shares were in a state of confusion as the relief from a possible easing of trade tensions around the world was countered...