United States

Investors say that the U.S. India trade deal will likely be enough to stop foreign stock selling. However, they insist that earnings growth and fundamentals must improve before sustained?buying can occur. The long-awaited agreement sparked an increase in the stock markets and rupee's strongest rally in seven year on?Tuesday as it?signalled improved diplomatic and trade relationships with the U.S. This was only one of many factors that hung over the currency and stock market, which has underperformed by a large margin regional and global counterparts since the start of last year, and seen the foreign allocations shrink to a 2-decade-low....

Marathon Petroleum bought two cargoes Venezuelan crude oil at the end of January, and executives expect their refineries to process more heavy grades. Refiners in the United States are expected to gain from President Donald Trump’s efforts to increase output in Venezuela, and to rebuild the country's deteriorating oil sector after the capture of Nicolas Maduro last month. Since Washington and Caracas met, Venezuelan crude oil exports have risen. Deal worth $2 Billion Last month, U.S. Gulf Coast Complex Refineries The U.S. produces heavy sour oil, but Venezuela's is more suitable for processing. Maryann Mannen, CEO of Marathon Oil, said:...

A government official revealed to? ?on Tuesday. Donald Trump, the U.S. president, announced on Monday a deal with India that reduces U.S. tariffs from 50% to 18% on Indian goods in exchange for India ceasing its Russian oil purchases and lowering trading barriers. Trump said India had agreed to "BUY AMERICAN" at a higher level. He said India would be able to?buy $500 Billion worth of U.S. coal, technology, agricultural, and other products. Unnamed official of the Indian government said that India had agreed to "buy U.S. products" to reduce the trade gap between the U.S. The U.S. has a...

Four trade sources reported?on Tuesday that the independent Chinese refiner Chambroad Petrochemical had purchased one Canadian crude cargo for May delivery. This follows a decrease in Venezuelan crude supply to China. According to sources, the refiner is one of the biggest buyers of Venezuelan crude oil. It also imports Canadian oil from the Trans Mountain pipeline for its bitumen manufacturing. Chambroad bought Canadian Cold Lake Crude exported?from TMX for a discount of close to $5 per barril compared to the July ICE Brent contract, according to two people. The crude was to be delivered to the eastern Shandong Province in...

Donald Trump, the U.S. president, said that he and India had reached a deal on Monday. He also stated that New Delhi agreed to stop purchasing Russian oil in favor of buying more from the U.S. Here are some of the most important developments in U.S.-Indian Trade Relations over the last year. Why did India-U.S. Why did the India-U.S. Trump surprised India in April to August 2025 by imposing an initial 25% tariff on goods sent to the United States. The U.S. then imposed a second 25% tariff citing India's purchases of Russian oil. Tariffs on Indian goods sent to...

Two sources familiar with the operational data say that oil production at Kazakhstan's Tengiz giant field has increased in recent days. It reached nearly 20% of its capacity on Sunday, following a complete outage in January. Tengiz, the oil refinery that accounts for almost 40% of Kazakhstan's production, was closed on 18 January after an electrical fire. This cut down on the nation's overall oil supply, at a time where exports had already been constrained due to disruptions along its main pipeline route. Sources said that oil output at Tengiz increased to 23,000 metric tonnes (183,000 barrels), up from 14,900...

Wall Street's major indexes rose on Monday, as memory chipmakers and heavyweight stocks?led a recovery from losses caused by the sharp drop in precious metals prices. The 'S&P 500' ended three consecutive daily losses. This was after a session in which gold and silver prices fell so much that investors were forced to unwind their leveraged bets. Sandisk, a memory-related stock, soared by 16%. Seagate rose by 5.8%. Western Digital rose 7.8%. This is a continuation of the strong momentum that began in January and continued through late-2025. Market participants stated that the focus of the market was on positioning...

S&P 500 and Nasdaq sawsawed back and forth between gains and losses Monday as the markets took in a sharp drop in precious metals. This was at the beginning of a busy week that would include corporate earnings and important?economic? data. Silver and gold both fell by up to 10%, before recovering some of their losses. The CME Group increased margin requirements after a historic drop on Friday. U.S. listed gold and silver miner companies pared losses to trade higher. Jim Baird is the chief investment officer at Plante Moran Financial Advisors. Last week, the metals market plunged after U.S....

People familiar with the discussions said that the United Steelworkers union, or USW, has neither accepted nor rejected Marathon Petroleum's last offer for a four-year labor contract for U.S. chemical and refineries plants. Sources said that the offer made on Sunday would provide 30,000 USW workers with a 15% increase in pay over the duration of the contract. Marathon is the lead negotiator of 26 companies, including Exxon Mobil and Valero Energy. Marathon is the biggest refiner in the U.S. Marathon is the largest refiner in the U.S. USW-represented employees operate sites that represent nearly two thirds of the U.S....

Wall Street's major indexes were set to open lower on Monday as investors became uneasy due to a violent drop in precious metals at the beginning of a week that will be filled with earnings reports and important economic data. As a result of the CME Group increasing margin requirements, gold and silver fell as much as 10%. This was after a historic drop on Friday. Leveraged investors were forced to unwind their positions in order to meet margin requirements. Jim Baird is the chief investment officer of Plante Moran Financial Advisors. Premarket trading saw a drop in the U.S....

Three sources familiar with the process have confirmed that U.S. Private Equity firm Carlyle is in exploratory "talks" with UAE investors, to find partners if its initial agreement to purchase Russian firm Lukoil’s international assets proceeds. Carlyle and Lukoil announced on Thursday a preliminary agreement that would transfer assets, including oilfields and refineries located in eastern Europe and Iraq to the U.S. company. A separate source told us on Thursday that neither company had disclosed an estimate for the deal. This excludes Lukoil’s Kazakh assets. Three sources said that state-controlled Abu Dhabi investor Mubadala and XRG had talked to Carlyle...

On Sunday, the United States accused Cuba of interfering in the work of their top diplomat at Havana after small groups of Cubans laughed at him outside the capital during meetings with residents and church representatives. On social media, the State Department accused Cuba of using "failed intimidation techniques" and demanded that Havana cease "sending individuals who interfere with diplomatic work of the United States." Charge d'Affaires Mike Hammer. The tension between the two long-time enemies has increased after U.S. president Donald Trump declared Cuba an "unusual and extraordinary threat" against the national security of the United States and announced...

Shanghai copper rose Wednesday as investors responded to China's plans to increase its strategic reserves. The most active copper contract at the Shanghai Futures Exchange jumped 3.47% in daytime trading to close at $15,159.29 per metric ton. The benchmark 'three-month' copper on the London Metal Exchange fell 0.1% to $13,464.50 per ton at 0700 GMT. It held on to its Tuesday gains, which were its highest daily percentage gain since April 2022. Copper's previous session gain was after it joined a two sessions plunge in metals, led by gold and Silver to lose up to 15% from its record established?on...

The CEO of the company said that an Australian scandium project, backed by mining billionaire Robert Friedland, will contribute to the 'planned 12?billion U.S. stockpile of critical minerals. Donald Trump, the U.S. president, announced on Monday plans to build a strategic stockpile for critical minerals backed up by $10 billion of seed funding from U.S. Export-Import Bank. A further $2 billion of private capital will be used to fund the project. Sam Riggall is the CEO of Sunrise Energy Metals which is developing the Syerston scannerdium mine in Australia's New South Wales. He said the company would likely contribute to...

Tianqi Lithium Corp announced on Wednesday that it would raise approximately HK$5,86 billion ($750m)?via a convertible bond and share placement, and hoped to sell a?small stake?in Chilean'miner SQM?to bolster liquidity. The Chinese lithium producer listed on the Shenzhen-Hong Kong stock exchange announced that it had struck a deal with the Hong Kong Stock Exchange to issue 65,000,000 new H shares for HK$45.05 per share, or a discount equivalent to 9% of Tuesday's closing HK$49.50. This is worth approximately HK$2.9billion. Tianqi has also entered into a'subscription agreement' for 2.6 billion yuan ($375m) in zero-coupon convertible bonds due February 9, 2027. These...

Shanghai copper rose on Wednesday, as investors responded to China's plans to increase its strategic reserves. As of 0330 GMT, the most active copper contract at the Shanghai Futures Exchange had risen 2.45% to 103120 yuan (US$14,864.57) per metric ton. The benchmark three-month copper price on the London Metal Exchange fell 1.11% to $13,328.50 per tonne. An official of the China Nonferrous Metals Industry Association, a state-backed organization, said Tuesday that China would expand its strategic copper reserves. The association also added that it will explore creating a system for commercial stockpiling led by state owned enterprises. According to an...

Goldman Sachs & Macquarie raised their nickel price forecasts for 2026, citing a tighter ore supply in Indonesia after Indonesia signaled its intention to reduce production. Indonesia's Minister of Energy and Mineral Resources, Bahlil lahadalia, sparked an increase in nickel prices by mid-December when he pledged to reduce production. An official from the Energy Ministry confirmed that Indonesia will reduce this year's mining permits to 250 to 260 millions wet tons ore, down from 379 million in 2025. Nickel, the main component of batteries, is produced in Indonesia. Goldman Sachs has raised its nickel price forecast for 2026 to an...

The United States says that about 30 countries are interested in joining a group of partners and allies to trade critical minerals, reducing their dependence on China. Interior Secretary Doug Burgum spoke at a Tuesday conference. Burgum, the U.S. National Energy Dominance Council's head, told a conference on Tuesday that countries such as Japan, Australia, and South Korea had joined the club. Burgum, who is also the head of the U.S. National Energy Dominance Council, said that countries such as Japan and Australia have joined the club. Burgum also said that up to 20 more countries are "very interested" in...

The price of copper rose on Tuesday, after the news that China plans to increase its stockpiles and risk sentiment among investors re-emerged. The benchmark three-month copper price on the London?Metal Exchange?advanced by 4.1%, to $13,418 a metric tonne at 1715 GMT. It had fallen to a 3-week low the previous session. LME copper reached a record high of $14,527.50, fueled by speculation, on Thursday. Then, it plunged 14.5%, from this high, to a low intraday on Monday. Ole Hansen is the head of commodity strategy for Saxo Bank, based in Copenhagen. The market also likes the headline "China increasing...

REalloys signed a number of agreements with Kazakhstan's AltynGroup in order to obtain rare earth feedstock for its North American refining and processing facilities. The agreement stipulates that the 'rare earth 'firm will receive the initial offtake of the Kokbulak Project, which is a 127,000-square-kilometer area within the Karaganda region and Kostanay, where AltynGroup holds mining permission. Donald Trump, the U.S. president, had made critical minerals one of his top priorities in 2025 when he was hosting the leaders from five Central Asian countries at the White House. He also highlighted the efforts by his administration to expand U.S. supplies...

The price of gold has risen, driving the demand for tokenized gold. This is a rapidly growing niche in the digital asset markets, but experts warn that it carries regulatory and custody risks which are not always obvious to investors. Gold tokens are digital currency issued by crypto firms such as Tether and Paxos on a blockchain. They are backed by an equal amount of gold in a vault. This allows retail investors and traditional investors to play with the yellow metal, without having to take physical delivery. Gold tokens, while still small in comparison to the digital asset market...

These are the most popular stories from the business pages of the New York Times. The New York Times has not verified the accuracy of these stories. SpaceX, Elon Musk's rocket and satellite company, announced on Monday that it acquired xAI. This is a sweeping move for Musk to consolidate his empire, as he faces questions about its A.I. ambitions. Waymo, owned by Alphabet (parent company of Google), the self-driving cab company, announced on Monday that they had raised $16 Billion to fund their plans for global expansion. U.S. president Donald Trump announced on Monday that he would be launching...

After a two-session plunge, copper gained ground on Tuesday as concerns about supply and prospects for demand boosted the price. The most active?copper contracts on the Shanghai Futures Exchange rose 2.60% to?close trading daytime at 104.500 yuan (15,066.54) per metric tonne. As of 0715 GMT, the benchmark three-month Copper on the London Metals Exchange surged by 4.08%, to $13,417 per ton. Both exchanges saw copper prices fall sharply since Friday after a fervent rally. Shanghai copper fell as much 13.65% from its record high of 114,160yuan to 98.580yuan. The London benchmark lost up to 14.54% since its $14,527.50 peak. The...

Investors saw that demand and supply prospects remained positive for the "red metal" as they continued to be concerned about supply. As of 0320 GMT the most active copper contract at the Shanghai Futures Exchange had fallen 0.50% to 101,340 Yuan ($14.603.99) per metric ton, after gaining up as much as 0.80% in the previous session. The benchmark copper for three months on the London Metals Exchange rose by 0.82%, to $12,997.50 per ton. Copper prices have been in a downward spiral since Friday after reaching record highs at both exchanges. Shanghai copper fell as much as 13.65% from a...