Latest news

China
Mar 19, 2025

Sources: Sinochem sells bankrupt Shandong refinery to independent Shandong refiner

According to four sources with knowledge of the situation and a document describing an auction, Hongrun Petrochemical based in eastern China has agreed to purchase a bankrupt...

United Kingdom
Mar 19, 2025

Copper reaches new peaks as traders make more tariff bets

U.S. copper and London's copper prices reached new multi-month highs on Wednesday, as speculators increased their buying in anticipation of U.S. tariffs being imposed on the metal....

United States
Mar 19, 2025

Kremlin: Russia has called off drone attack on Ukrainian infrastructure for energy

The Kremlin announced on Wednesday that Russia has suspended its attacks against Ukrainian energy infrastructure following a telephone call between Donald Trump and Vladimir Putin. It also...

Indonesia
Mar 19, 2025

Congo sets export quotas for cobalt, and partners with Indonesia to combat glut

According to the DRC prime minister, following a four month export ban, the Democratic Republic of Congo plans to impose cobalt export quotas and partner with Indonesia,...

China
Mar 19, 2025

Steelmakers claim that India's proposed import tax on steel is smaller than expected, but it's still 'better than doing nothing'

Executives said that India's proposed tax of 12% on imports of steel was lower than expected by the industry, but it will provide some relief to an...

Israel
Mar 19, 2025

Six Palestinians killed by Israeli strikes, say Palestinian medics as the conflict resumes

Local health workers reported that Israeli strikes in Gaza killed six Palestinians on Wednesday. The Israeli military had resumed its bombardment and ordered residents to leave combat...

United States
Mar 19, 2025

Gold falls from record high; Fed decision is in focus

Gold prices dipped slightly on Wednesday as profit-booking took place after the record high. Meanwhile, attention shifted to the U.S. Federal Reserve's policy announcement due later that...

United States
Mar 19, 2025

Turkish assets plunge after Wall Street selloff

The European share market fell on Wednesday following a Wall Street sell-off overnight. Meanwhile, the dollar rose from its five-month low in anticipation of the Federal Reserve's...

Canada
Mar 19, 2025

The first Trump-branded project in India is expected to generate $289 million in sales

Tribeca Developers is the property development partner of the Trump Organisation in India. On Wednesday, they launched the first Trump-branded project in India that aims to sell...

Australia
Mar 19, 2025

Beijing woos top executives from around the world as FDI falls and trade tensions increase

Chinese trade officials have intensified their charm offensive to assure business leaders around the world of China's long-term economic prospects, despite a slump in consumer spending and...

Japan
Mar 19, 2025

JX Advanced Metals jumps 6.6% on largest Japanese IPO in 2018

JX Advanced Metals, the metals division of Japan's biggest oil refiner Eneos, saw its shares rise 6.6% on their Tokyo debut after the largest IPO in Japan...

United States
Mar 19, 2025

After Trump-Putin's call, the Russian rouble has weakened

The Russian rouble weakened on Wednesday against the U.S. Dollar and the Chinese Yuan following a discussion between U.S. president Donald Trump and Russian president Vladimir Putin...

United States
Mar 19, 2025

Ferrexpo, a miner in Ukraine, has sent a notice to Ukraine about mining rights after it suffers unforeseen losses

Ferrexpo, a miner with a focus on Ukraine, announced a loss of $2 million due to an impairment charge. It also said that it had sent a...

Renewable Energy
Mar 19, 2025

France drops to half the level of Germany

The German wholesale power market traded at a higher price on Wednesday due to lower forecasts for wind production. Meanwhile, the French equivalent price fell sharply amid...

China
Mar 19, 2025

Iron ore falls as China demand concerns dominate

The price of iron ore futures fell for the third consecutive session on Wednesday as fears over the demand outlook in China, the top consumer, dominated the...

United States
Mar 19, 2025

Japan auto lobby: Tariffs on US imports could lead to production adjustments by firms

The head of Japan's automobile lobby warned that the possible April 2 start date of auto tariffs proposed to be implemented by U.S. president Donald Trump could...

India
Mar 19, 2025

Palm prices rise on Dalian's stronger Dalian and Indonesia's increased levy

Malaysian palm oils continued to rise on Wednesday. This was due to the stronger edible oils on the Dalian market, and Indonesia's decision of raising its palm...

South Asia
Mar 19, 2025

Steel stocks rise on India's tax plan

The shares of Indian steel companies increased on Wednesday, after a government agency recommended a temporary tariff on certain steel products to reduce imports. This raised hopes...

China
Mar 19, 2025

Focus on Trump tariffs as copper remains near five-month high

The London Metals Exchange's (LME) copper prices held steady on Wednesday near a five month high, as markets remained alert for possible U.S. duties on copper. As...

Wind Farms
Mar 19, 2025

Twelve Scottish Firms Secure Place in Offshore Renewables Supply Chain Program

Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.’s Fit For Offshore Renewables...

China
Mar 19, 2025

Iron ore falls as China demand concerns dominate

The price of iron ore futures fell for the third consecutive session on Wednesday as fears over the demand outlook in China, the top consumer, dominated the...

China
Mar 19, 2025

Market focus on Trump tariffs as copper retreats from 5-month high

The London Metals Exchange's (LME) copper prices fell from their five-month highs on Wednesday as markets awaited potential U.S. duties on copper. As of 0214 GMT, the...

United Kingdom
Mar 19, 2025

Gold nears record high due to demand for safe-havens; Fed decision is in focus

Gold traded above the $3,000/oz key level on Wednesday. It was trading near the record high reached in the previous session as Middle East tensions, trade uncertainty...

Pollution
Mar 18, 2025

UN weather agency: Record temperatures in 2024 accelerate sea level rise and ice loss.

The U.N.'s weather agency said that record levels of greenhouse gases have helped to bring temperatures to their highest level ever in 2024. They also accelerated glacier...

United States
Mar 18, 2025

Oil prices drop after US-Russian agreement on 30-day Energy Ceasefire

Oil prices fell on Wednesday, after Russia accepted the proposal of U.S. president Donald Trump that Moscow and Kyiv temporarily stop attacking each others' energy infrastructure. This...

Canada
Mar 18, 2025

Summit Nanotech receives funding of $25.5 million for lithium extraction technology

Summit Nanotech announced on Tuesday that it had received $25.5 million from a group of investment funds to support its research on direct lithium extraction technologies (DLE)....

United States
Mar 18, 2025

Alimentation Couche-Tard misses quarterly revenue estimates on lower fuel demand

Alimentation Couche-Tard, a Canadian retailer, missed its third-quarter revenue estimate on Tuesday due to a sluggish fuel and convenience store business amid increasing inflationary pressures. Circle-K's owner...

South Asia
Mar 18, 2025

Saudi Arabia awards mining exploration licences to local and international firms

State news agency SPA reported that the Saudi Industry and Mineral Resources Ministry awarded mining exploration licences on Tuesday to several local as well as international firms....

Australia
Mar 18, 2025

Palliser's proposal to review Rio Tinto is backed by ISS, a proxy advisory firm

Institutional Shareholder Services urged Rio Tinto's shareholders on Tuesday to accept a proposal that would review the dual-listed structure of the miner, amid pressure by activist Palliser....

India
Mar 18, 2025

The Indian government has recommended a temporary 12% tax on certain steel products

According to a government announcement published on Tuesday, India has proposed a temporary tax on certain steel products of 12% for 200 days. This is known locally...

Canada
Mar 18, 2025

US ready to consult with China and Canada on WTO disputes

World Trade Organization documents from Tuesday show that the U.S. Mission told China and Canada they were ready to meet with their officials in Geneva, after these...

United States
Mar 18, 2025

Bessent: Countries can reduce trade barriers to avoid Trump's April tariffs

On April 2, the Trump administration will provide trading partners with a proposed U.S. Tariff rate based upon their own tariff rates, non-tariff barriers to trade and...

United States
Mar 18, 2025

Gold's record rise is fueled by Middle East tensions and tariff worries

Gold prices rose by 1% on Tuesday to reach a new record high, above $3,000/oz, as trade uncertainty due to President Donald Trump's tariffs and rising Middle...

United States
Mar 18, 2025

Top fund managers ask US courts to dismiss climate-related antitrust case

BlackRock, Vanguard, and State Street asked a Texas federal court to dismiss a lawsuit filed by a Texas state accusing top fund managers of conspiring to reduce...

Switzerland
Mar 18, 2025

The Austrian government is aiming to reduce energy costs and revamp the industrial sector

Austria's three-party ruling coalition announced on Tuesday that it plans to overhaul the energy market in order to lower costs for consumers, and develop an industrial strategy...

Africa
Mar 18, 2025

Judge rejects Nigerian NNPC's bid to stop Dangote refinery lawsuit

A Nigerian court on Tuesday overruled the objection of NNPC Ltd, the state oil company to be included in a suit filed by Dangote Oil Refinery to...

Africa
Mar 18, 2025

South African rand pauses; gold reaches new heights

The South African rand paused on Tuesday. It lost some of the gains it had made, which were fueled by gold prices reaching an all-time high. At...

United Kingdom
Mar 18, 2025

Thames Water defers bill appeal and seeks new equity before the end of June.

Thames Water, Britain's largest water provider, announced that it aimed to recapitalise in the next few months. It has put on hold its plan to increase customer...

Austria
Mar 18, 2025

The Austrian government is aiming to reduce energy costs and revamp the industrial sector

Austria's three-party ruling coalition announced on Tuesday that it plans to overhaul the energy market in order to lower costs for consumers, and develop an industrial strategy...

United States
Mar 18, 2025

Bessent: Countries can reduce trade barriers to avoid Trump's April tariffs

On April 2, the Trump administration will provide trading partners with a proposed U.S. Tariff rate based upon their own tariff rates, non-tariff barriers to trade and...

Switzerland
Mar 18, 2025

UN warns about impact of US shutdown on migrants

The U.N. Migration Agency said on Tuesday it will be forced to reduce or close projects in many countries due to unprecedented donor funding cuts this year....

Africa
Mar 18, 2025

South Sudan withdraws partially from peace process

Major party in South Sudan’s coalition government announced on Tuesday that it had suspended its participation in a key part of a 2018 deal to end violence...

United Kingdom
Mar 18, 2025

UK opposition leader withdraws support for a 2050 "net zero" climate target

The leader of Britain's main opposition party, who spoke on Tuesday, said that the 2050 goal of reducing greenhouse gas emissions to zero was "impossible" and should...

Ukraine
Mar 18, 2025

What Germany's planned expenditure spree might mean for the economy

On Tuesday, the lower house of Germany's parliament will vote on a massive increase in borrowing. This could help boost Europe's biggest economy and spur growth throughout...

China
Mar 18, 2025

China's iron ore and steel swing between optimistic outlook and grim realities: Russell

China's iron and steel sector is caught between the expectation that conditions will improve and the reality of much of the data that currently exists. This dynamic...

Environment
Mar 18, 2025

Climate group SBTi proposes rules but holds firm on carbon offsets

The leader in assessing company climate goals proposed Tuesday new rules that would help companies create high-quality plans for reducing emissions. However, the organization said they had...

Ukraine
Mar 18, 2025

CEO of Russia's sovereign fund says that the fund is looking at rare earth projects in partnership with US companies.

Kirill Dmitriev (CEO of the Russian Direct Investment Fund, RDIF) said that the Russian sovereign wealth fund was interested in developing rare earth deposits within the country,...

Scandinavia
Mar 18, 2025

Nicolai Tanen is re-elected as CEO of Norway's wealth funds

The central bank announced on Tuesday that Nicolai Tangen had been appointed for a second term to lead Norges Bank Investment Management's massive sovereign wealth fund. Tangen,...

United States
Mar 18, 2025

US copper reaches 10-month high on speculation about Trump tariffs

U.S. Copper prices reached a 10-month high on Tuesday. They also increased their premium over London copper prices as speculators bet on the amount of tariffs that...

United States
Mar 18, 2025

Indian minister: India-New Zealand Trade Pact will significantly boost relations

India's Commerce Minister said that a proposed free-trade agreement with New Zealand would significantly strengthen bilateral ties. He suggested that trade could increase 10-fold within ten years....