Latest news

Mexico
Feb 11, 2025

Transport, infrastructure drag down mining giant Grupo Mexico's earnings

The mining giant Grupo Mexico announced a decline in its net profits during the fourth quarter, falling short of analysts' expectations. Losses in its infrastructure division as...

United States
Feb 11, 2025

US Gulf refiners paying premium prices for Trinidad's Molo crude

Heritage Petroleum's CEO, who is the state-owned oil company of Trinidad and Tobago, stated on Tuesday that some U.S. Gulf Coast refining companies have paid recent prices...

United States
Feb 11, 2025

Eversource Energy announces quarterly profit on increased electricity rates

Eversource Energy, a utility company, reported on Tuesday a profit for the fourth quarter. The higher electricity prices were to blame. Rate case proceedings are used by...

United States
Feb 11, 2025

After Powell's comments, US yields rise and stocks recover from their early dip

Investors reacted to the latest U.S. trade war and Federal Reserve Chairman Jerome Powell's signal of a cautious approach for rate reductions. The yields on U.S. Treasury...

Germany
Feb 11, 2025

German Embassy asks Italy's Banking Union about M&A Battles

The German embassy in Italy asked the main Italian banking union Fabi on Tuesday to explain the takeover wars that are roiling the sector. Fabi released a...

United States
Feb 11, 2025

After Powell's comments, US yields are higher and stocks flat.

Investors reacted to the latest U.S. trade war and Federal Reserve Chairman Jerome Powell's signal of a cautious approach for rate reductions as they assessed the latest...

South Asia
Feb 11, 2025

ArcelorMittal is considering shifting European support to India

ArcelorMittal, the second largest steelmaker in the world, said that it is looking at a possible shift of some European business support to India as the steel...

United States
Feb 11, 2025

Citadel's Griffin believes tariffs pose a risk to US economic growth

Ken Griffin, the founder and CEO at Citadel Investments, stated on Tuesday that President Donald Trump’s tariff policy was a threat to economic growth, and could force...

United States
Feb 11, 2025

EIA raises US oil production forecast for 2025

The U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook Report, released on Tuesday, said that the U.S. production of oil is expected to be higher than previous...

Ukraine
Feb 11, 2025

Pentagon's Hegseth sees growth in defense spending despite Musk review

U.S. Secretary of Defense Pete Hegseth stated on Tuesday that he wished to increase the overall U.S. military spending. He also played down any concerns about an...

United States
Feb 11, 2025

US Treasury Secretary visits Ukraine to discuss rare earth minerals

Donald Trump announced on Twitter that U.S. Treasury secretary Scott Bessent would be traveling to Ukraine in the next few days. This is the latest of a...

Spain
Feb 11, 2025

Trump's tariffs are expected to have a 10% impact on the value of Spain’s steel and aluminium exports.

According to a Tuesday estimate by the Spanish Chamber of Commerce, the total value of Spanish exports of steel and aluminum to the United States may fall...

United States
Feb 11, 2025

US market watchdog wants to stop lawsuit over climate disclosures

The acting chair of U.S. Securities and Exchange Commission announced on Tuesday that the agency is asking a judge to halt proceedings in a suit over a...

Luxembourg
Feb 11, 2025

Aperam: Brussels must act in the event of a steel flood into EU as a result Trump tariffs

Aperam, a French steelmaker, called on Brussels on Tuesday to intervene and curb imports in the event that new 25% tariffs for all steel and aluminum imports...

Germany
Feb 11, 2025

Powell's speech: Stocks fall, US yields rise amid tariffs

On Tuesday, the U.S. Treasury yields rose as investors awaited the repercussions of U.S. Tariff announcements. They also digested remarks from Federal Reserve Chairman Jerome Powell. Donald...

Ukraine
Feb 11, 2025

Source: U.S. Treasury secretary Bessent will visit Ukraine to discuss rare earth minerals

According to a source who is familiar with Bessent's plans, U.S. Treasury Sec. Scott Bessent will visit Ukraine this week to talk about a possible deal involving...

United Kingdom
Feb 11, 2025

Andy Home: Beer, not tariffs will boost US aluminum capacity

If in doubt, double down. Seven years ago, President Donald Trump imposed 10% tariffs on U.S. aluminium imports with the stated goal of increasing domestic primary metals...

United States
Feb 11, 2025

Ford CEO denounces cost and chaos caused by Trump tariffs

Ford Motor CEO Jim Farley stated that U.S. president Donald Trump's tariffs, both proposed and implemented, have caused "a lot more cost and chaos," even though Farley...

United States
Feb 11, 2025

South African rand stable, markets focused on Trump steel tariff impact

The rand of South Africa was flat on Monday as traders assessed the impact of U.S. President Donald Trump’s tariffs on imports such as steel and aluminum,...

India
Feb 11, 2025

Nigeria and India seek to accelerate energy transition

A senior government official in Nigeria said that Nigeria wants to work with India to speed up its energy transition plan. Agbu Kefas said that Nigeria will...

Taiwan
Feb 11, 2025

Karnataka State in India receives investment proposals totaling $115 billion.

A government spokesperson announced that Karnataka, a state in southern India, had received investment proposals totaling nearly 10 trillion rupees (115.31 billion dollars) as the country attempts...

United States
Feb 11, 2025

Trump tariffs raise US metals prices and industry is set to struggle

The price of industrial metals in America continued to rise on Tuesday. This was due to the impact of President Donald Trump’s 25% tariffs on aluminum and...

United States
Feb 11, 2025

Elliott buys Phillips 66 for $2.5 billion and pushes to sell midstream business

Elliott Investment Management announced on Tuesday that it had built a stake in Phillips 66 of more than $2 billion. The company plans to push operational changes...

Ukraine
Feb 11, 2025

Sources say that Saratov's oil refinery in Russia has suspended operations following drone attacks

Industry sources say that the Rosneft owned oil refinery in Saratov, a city in southern Russia, has suspended fuel production due to safety concerns following drone attacks...

United States
Feb 11, 2025

Ford CEO condemns "cost and chaos of Trump tariffs"

Ford Motor CEO Jim Farley stated that U.S. president Donald Trump's tariffs, both proposed and implemented, have caused "a great deal of cost and chaos," even though...

Nigeria
Feb 11, 2025

Shell and Nigerian oil producers discuss Bonga North service contract

The head of a trade group for Nigerian oil producers said that Shell is in talks with Nigerian oil companies to secure up to 25 percent of...

Canada
Feb 11, 2025

Trump's squeeze results in concessions, some real and others not so much

Donald Trump, the U.S. president, has stepped onto the global stage. He has issued ultimatums and demanded that allies and enemies heed his demands. His threats, from...

United States
Feb 11, 2025

Save LGBTQ+ and climate data as Trump deletes

Government websites scrubbed under Trump orders Experts warn that green policies put vulnerable communities at risk Courts file lawsuits against the government for data removal Adam Smith...

Mineral Resources
Feb 11, 2025

Nornickel, a Russian company, says that it is actively involved in talks with China on a JV

Nornickel of Russia, a major producer in the refined nickel and palladium industry, announced on Tuesday that it was in active discussions on a joint-venture in China,...

South Asia
Feb 11, 2025

Indian steelmakers are worried about the future if they are not protected from Trump's tariffs

Industry executives warned that India's small steel producers could face a future surge in imports due to the sharp tariff increases imposed on U.S. President Donald Trump....

India
Feb 11, 2025

OPEC sees the global oil market as a long-term project and aims to stabilize it

Haitham al Ghais, secretary general of OPEC, said that the group's decisions are based on a long-term perspective and aim to provide price stability. He made this...

Brazil
Feb 11, 2025

Brazil's inflation rate slows down in January, but the tightening cycle will continue

Official data released on Tuesday showed that Brazil's inflation was in line with expectations, slowing down from the previous months but still exceeding the upper limit of...

Ukraine
Feb 11, 2025

Ukraine supports the purchase of Soviet designed nuclear reactors by Bulgaria

The Ukrainian parliament passed on Tuesday a law allowing the state nuclear operator to purchase two nuclear reactors of Soviet design from Bulgaria for Ukraine’s Khmelnytskyi Power...

Canada
Feb 11, 2025

Trump's squeeze results in concessions, some real and others not so much

Donald Trump, the U.S. president, has taken the world by storm. He has issued ultimatums and demanded that allies and enemies heed his demands. His threats, from...

United States
Feb 11, 2025

Hawaiian Electric applauds the ruling of the top court on wildfire settlement

Hawaiian Electric, a utility company, welcomed on Tuesday the Hawaii Supreme Court decision to finalize the settlement of more than $4 billion related to Maui wildfires in...

United States
Feb 11, 2025

Trump cuts standards for light bulbs, water-using appliances

President Donald Trump On Tuesday, after signing a promotion order, the government reverted to older standards in light bulbs, toilets, showers, and other water-using devices. Plastic straws...

United States
Feb 11, 2025

Trump signss executive order against plastic drinking straws

The President Donald Trump signed an executive order on Monday to encourage the U.S. Government and consumers to purchase plastic drinking straws. This is a move to...

Africa
Feb 11, 2025

Africa Energy Bank launches in the first quarter and targets $120 billion assets

Nigeria's junior minister of oil said that the Africa Energy Bank will be launched in the first quarter 2025, and will target an asset base worth $120...

India
Feb 11, 2025

In 2 days, Indian stocks lost $180 billion due to fears of a US trade war

Indian stocks lost $180 billion of market value over the past two days after U.S. president Donald Trump announced he would impose reciprocal tariffs against several countries....

Italy
Feb 11, 2025

UniCredit wins court ruling to reverse its own UK injunction Against Gazprom unit

UniCredit won Tuesday a bid at a London court in order to overturn the injunction that the Italian bank had obtained against a Gazprom subsidiary in Russia,...

Canada
Feb 11, 2025

Aluminum and copper slump on fears of tariffs hitting growth

Investors worried about new U.S. trade tariffs, a possible global trade war and the impact on economic growth and metals prices have pushed down copper and aluminium...

Denmark
Feb 11, 2025

The license holder claims that the repeal of Greenland's uranium ban could bring back a massive rare earth project.

After the election next month, the mining company who owns the license to Greenland’s Kvanefjeld Deposit is hopeful that the new government will lift the ban on...

France
Feb 11, 2025

France increases soft wheat area estimates but is cautious about harvest outlook

The French Ministry of Agriculture increased Tuesday its estimate for the winter soft-wheat area for the harvest this year. This confirms a rebound after last year's planting,...

Luxembourg
Feb 11, 2025

EU readys response to Trump's increase in steel and aluminum tariffs

After U.S. president Donald Trump's decision imposing tariffs on steel and aluminum imports, fears of a possible trade war grew. Trump signed proclamations on Monday evening, increasing...

United Kingdom
Feb 11, 2025

The U.S. gold demand is causing India's gold leasing rates to rise to a record.

Industry officials reported that gold leasing rates in India had doubled to a new record within a single month, after the rates on the overseas market jumped...

United States
Feb 11, 2025

Vance warns Europeans against heavy regulation

On Tuesday, U.S. Vice-President JD Vance warned Europeans that their excessive regulation of artificial intelligent could strangle technology. He also rejected content moderation and called it "authoritarian"...

United States
Feb 11, 2025

Indian benchmarks have their worst session in the last three weeks due to US tariff fears.

India's benchmark indices fell on Tuesday. It was their worst session in the last three weeks. Fears of reciprocal tariffs by the U.S. were to blame. The...

India
Feb 11, 2025

India's thermal coke imports are down for the second consecutive year

Industry officials have said that India's thermal imports will fall in 2025 for the second consecutive year due to a decreasing reliance on coal as a power...

Germany
Feb 11, 2025

Lower wind supply boosts spot prices

The European spot electricity prices for Wednesday increased on Tuesday, as the wind power generation was expected to decline. However, gains in France were slightly offset by...

United States
Feb 11, 2025

Trump tariffs drive safe-haven Gold to record high

Gold prices reached a new record on Tuesday due to demand for safe-haven assets as President Donald Trump’s new tariffs against steel and aluminum imports raised concerns...