Latest news

Pakistan
Apr 22, 2025

Police source: Five tourists are feared dead and eight injured after militant attack on Indian Kashmir

Police sources reported that at least five tourists are believed to have been killed and eight others injured when suspected militants fired on them in India's Kashmir...

India
Apr 22, 2025

Indian state-run companies seek government approval to issue deep discount, long-tenor bonds

Four sources familiar with the matter confirmed on Tuesday that at least six Indian state companies had sought approval from the government to issue corporate bonds at...

Norway
Apr 22, 2025

Minority owners demand that oil group Equinor explain discrepancy in climate.

A group of minority shareholders demanded that the board of Norway's Equinor explain how its plan to increase oil and gas production is in line with the...

United States
Apr 22, 2025

Halliburton's first-quarter profits fall on North America drilling weakness

Halliburton reported lower first-quarter profits on Tuesday, as a decline in drilling activities in North America dampened the demand for its oilfield equipment and services. Shares of...

South Asia
Apr 22, 2025

Vance wants closer US-Indian ties but warns that a 'dark period' is coming if not

On a Tuesday visit to India, JD Vance, the Vice President of the United States, said that the United States was looking to sell more defence and...

China
Apr 22, 2025

Copper gains defy gloomy outlook

The copper price hit its highest level in over two weeks on the Monday after a weaker US dollar triggered fund purchases. However, traders are unsure that...

Canada
Apr 22, 2025

Argentex, a FX company, suspends its trading of shares due to market volatility

The shares of British currency management firm Argentex, which is based in London, were suspended on Tuesday. Argentex said that the sharp drop in the U.S. Dollar...

Mineral Resources
Apr 22, 2025

Severstal, a Russian company, blames the economic slowdown for a 55% drop in its first-quarter profits

Severstal, a Russian steelmaker, said that the economic slowdown in Russia and the reduced demand for steel in the construction and machine building industries led to a...

China
Apr 22, 2025

Japan's crude steel production falls 4.5% in fiscal 2020/21 due to weak construction demand

The world's third largest producer of crude steel, Japan, saw its output fall 4.5% during fiscal 2024/25. This was due to a lackluster demand for construction and...

China
Apr 22, 2025

After Chinese import restrictions, India's small-scale steel mills have halted job cuts

Executives at India's smaller mills said they would delay job cuts, and take other measures, such as reducing output. This comes after the government implemented a temporary...

Nuclear Power
Apr 22, 2025

French spot is above pre-holiday indicators but the short-term outlook is bearish

The European electricity price was expected to fall over the remainder of the week, as a surplus of thermal energy more than offset the rising demand. Renewables...

China
Apr 22, 2025

China is considering setting up overseas storage for Shanghai Gold Exchange

China's central bank announced on Monday that it is looking at setting up overseas storage facilities to facilitate international settlement of certain products on the Shanghai Gold...

Iraq
Apr 22, 2025

Data shows that the share of OPEC oil in India's imports has dropped to a record low.

Data from industry and trade sources revealed that the share of OPEC crude oil in India's imported oil fell to a new record low during fiscal year...

China
Apr 22, 2025

Dalian iron ore prices are on the rise as traders consider India steel duties and resilient China demand

Iron ore futures traded in a narrow range on Tuesday as investors weighed the impact of new temporary tariffs on certain Chinese steel with the brightening demand...

Australia
Apr 22, 2025

Australian shares are buoyed by gold miners and banks during a holiday-thin week

The Australian share market ended Tuesday with little change as volumes were low in a week shortened by holidays. A rush towards safer assets such as gold...

United States
Apr 22, 2025

Short-covering of oil prices has pushed up the price, but concerns about tariffs persist

Investors took advantage of Tuesday's loss to cover their short positions. However, concerns remain about economic headwinds resulting from tariffs and U.S. policy. Brent crude futures increased...

United States
Apr 22, 2025

MORNING BID EUROPE - Trying to contain the US market contagiousness

Wayne Cole gives us a look at what the future holds for European and global markets. It is said that the U.S. can sneeze and the whole...

United Kingdom
Apr 22, 2025

London copper reaches a two-week high as the dollar falls

The copper price in London reached a two-week-high on Tuesday. This was due to a sharp drop in the dollar, as Donald Trump's harsh criticism of the...

China
Apr 22, 2025

China's CMOC shares jump after announcing the acquisition of Lumina Gold

The shares of China's CMOC Group jumped Tuesday after the miner announced that it would purchase Canada-listed Lumina Gold in a cash-only deal for C$581,000,000 ($420.7million). The...

Oil & Gas
Apr 22, 2025

Atlantic Zonda Drillship Starts its Maiden Job with Petrobras

The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract.The Atlantic Zonda is managed by Ventura...

China
Apr 22, 2025

China's demand for iron ore is likely to increase in the near future

Iron ore futures prices rose on Tuesday due to a near-term increase in demand from China, the world's largest consumer. However, lingering concerns about tariffs limited the...

South Asia
Apr 22, 2025

India imposes temporary tariffs on certain steel imports to stop cheap imports from China

India, the second largest producer of crude iron and steel in the world, imposed on Monday a temporary 12% tariff on certain steel imports. This is known...

United Kingdom
Apr 21, 2025

London copper reaches a two-week high, as the dollar falls

The copper price in London reached a two-week-high on Tuesday. This was due to a sharp drop in the dollar, as Donald Trump's harsh criticism of the...

United Kingdom
Apr 21, 2025

Short-covering of oil prices has pushed up the price, but concerns about tariffs persist

Investors took advantage of Tuesday's loss to cover their short positions. However, concerns remain about economic headwinds resulting from tariffs and U.S. policy. Brent crude futures increased...

Venezuela
Apr 21, 2025

US judge confirms Red Tree as the starting bid for Citgo parent's auction

According to a court document, a U.S. Federal judge confirmed on Monday that a $3.7billion offer made by Red Tree Investments, an affiliate of Contrarian Funds to...

United States
Apr 21, 2025

ADM closes soybean processing plant at Kershaw, South Carolina

Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier...

Ukraine
Apr 21, 2025

Prosecutors say that a Russian attack killed one person in Kharkiv, Ukraine.

According to local prosecutors, Russian forces launched an attack on Ukraine's Kharkiv region in the northeast, Monday. One person was killed in a village near the border....

United States
Apr 21, 2025

US Antimony restarts Mexico Smelter Plant after Over a Year

United States Antimony Corp announced on Monday that it had restarted operations in its Madero plant in Mexico. This comes more than a year since the miner...

Oil & Gas
Apr 21, 2025

The Russian Economy Ministry has cut its Brent price forecast for 2025 by almost 17%

According to documents obtained by, the Russian economy ministry's forecast for the average Brent crude price in 2025 has been cut by 17% compared to what they...

Mineral Resources
Apr 21, 2025

Russia's Nornickel maintains 2025 nickel production forecast

Nornickel, a Russian company that is one of the largest nickel producers in the world and also the biggest palladium producer, maintained Monday its nickel production forecast...

India
Apr 21, 2025

India imposes temporary tariffs of 12% on certain steel imports

A government notification announced that India had imposed a temporary tariff of 12%, known locally as a "safeguard duty", on certain steel products in order to curb...

South Asia
Apr 21, 2025

In March, India's infrastructure production rose 3.8% year-on-year.

Government data released on Monday showed that India's infrastructure production grew by 3.8% in March, mainly due to strong steel and cement output. The infrastructure output (which...

United States
Apr 21, 2025

Climate non-profits prepare for a fight with Trump on tax status

Non-profits in the United States that are focused on climate change prepare to fight against a possible action by the Trump Administration to revoke tax exemptions this...

Indonesia
Apr 21, 2025

South Korea's LG Energy Solution withdraws from Indonesian EV battery investments

LG Energy Solution, a South Korean company, has officially withdrawn from an $8.45 billion project in Indonesia to develop the production of electric vehicle batteries. The company...

China
Apr 21, 2025

Source: India will impose a temporary 12% tariff on steel imports to limit cheap Chinese imports

A government source who is directly involved in the matter said that India will impose a temporary duty of 12%, locally known as safeguard duty, on imports...

South Korea
Apr 21, 2025

Republican lawmakers are faced with a clean-energy dilemma as they work on a tax bill

Republican lawmakers who are working to extend President Donald Trump’s tax cut legislation face a clean-energy dilemma at home. Major clean energy investments are being made in...

United States
Apr 21, 2025

Trump's job cuts undermine black lung protections as he targets coal revival

Josh Cochran has been working in West Virginia coal mines since he was 22, earning a six-figure income that enabled him to purchase a house with his...

Switzerland
Apr 21, 2025

Saudi Aramco signss development deal with China’s electric vehicle giant BYD

Aramco, the Saudi oil giant, announced on Monday that it had signed a joint-development agreement with BYD, a Chinese manufacturer of electric vehicles (EVs), to explore collaborations...

Oman
Apr 21, 2025

The US tariffs continue to affect the Gulf market.

The Gulf's major stock exchanges fell early on Monday, in line with Asian markets as U.S. president Donald Trump's aggressive trade tariffs and criticism of the Federal...

Indonesia
Apr 21, 2025

The March palm oil exports of Indonesia have decreased due to rising local demand

The exports of crude palm oil and refined palm oils from Indonesia fell by nearly 2% between February and March, as the local consumption increased due to...

United Kingdom
Apr 21, 2025

Shanghai copper firms up as dollar falls

Shanghai copper prices rose on Monday, as the dollar fell to its lowest level in three years. However, a trade war between China and the U.S., the...

United States
Apr 21, 2025

Gold soars at record high due to trade war fears and weaker dollar

Gold prices soared to record highs on Monday due to concerns about global economic growth caused by the spiraling Sino-U.S. Trade War. A weaker dollar also boosted...

United Kingdom
Apr 20, 2025

Shanghai copper prices rise on Dollar weakness

Shanghai copper prices rose slightly on Monday, as the dollar fell to its lowest level in three years. However, a continuing trade tension between the U.S., which...

India
Apr 20, 2025

Indians suffer from respiratory problems and skin rashes after living in the world's worst polluted city

Sumaiya Ansari was suffering from breathing difficulties for several days prior to being hospitalized in March. She was given oxygen support. Doctors say that her illness is...

South Korea
Apr 20, 2025

Progress in US-Iran negotiations eases supply concerns, lowering oil prices

The oil prices dropped by about 1% after the nuclear talks between Iran and the United States progressed. This eased concerns that this dispute would reduce the...

Oil & Gas
Apr 20, 2025

Interfax reports that the Russian economy ministry has cut its Brent price forecast for 2025 by almost 17%.

Interfax reported on Monday morning that the Russian economy ministry had reduced its forecast of the average price for Brent crude in 2025 from the amount it...

United States
Apr 20, 2025

Severe weather strikes the Midwest and South of the US, killing two people in Oklahoma

Police said that at least two people including a child died after their vehicle became stranded on flood waters in Oklahoma, during the Easter weekend, when severe...

United States
Apr 20, 2025

Russia-Ukraine War: US welcomes extension of ceasefire

The U.S. State Department announced on Sunday that it would be happy to see the one-day ceasefire declared by Russian president Vladimir Putin for Easter extended beyond...

Africa
Apr 20, 2025

Congo suspends the former President Kabila's Political Party

The government of the Democratic Republic of Congo has suspended the political party of former President Joseph Kabila and ordered the seizure of his assets over allegations...

China
Apr 20, 2025

Shenghe, a Chinese rare earths processor, sees a minimal impact of the US feedstock ban

Shenghe Resources, a Chinese company, said that the suspension of shipments from its U.S. partners of rare earth raw concentrator will not have a significant impact on...