Analysis: Indices

South Africa's Mr Price posts 6.5% rise in interim profit

JOHANNESBURG -South African fashion retailer Mr Price reported a 6.5% rise in half-year earnings on Thursday, helped by strong retail sales growth. Mr Price, which also sells home ware...

China October rare earth magnet exports fall for a second month, but US shipments surge

BEIJING -China's rare earth magnet exports in October fell 5.2% from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a...

TSX rises on commodity boost as investors await Nvidia results

Canada's main stock index edged higher on Wednesday, supported by higher gold prices, while investor attention centered on Nvidia's quarterly earnings due after market close. At 9:30...

EU-Mercosur trade deal still needs work to be acceptable for France, says government

PARIS -A trade deal negotiated between the European Union and the South American trade bloc Mercosur is still not acceptable for France in its current form, a French government spokesperson said on...

South African retail sales rise 3.1% year-on-year in September

JOHANNESBURG -South African retail sales rose 3.1% year-on-year in September after rising by a revised 2.2% in August, Statistics South Africa figures showed on Wednesday. Seasonally...

Archer partners with Saudi entities to develop and test air taxi operations

Archer Aviation said on Wednesday it has signed a deal with The Helicopter Company and luxury developer Red Sea Global, both owned by Saudi Arabia's Public Investment Fund, to develop, test and...

US shoppers find Thanksgiving relief on turkey, but feel the pinch on pricier side dishes

Deep discounting by U.S. retailers on turkeys pushed the cost of the traditional Thanksgiving dinner lower for a third straight year, while costs for side dishes highlighted the country's nagging...

PowerChina targets Africa for renewables-focused growth

JOHANNESBURG -China's state-owned Power Construction Corp is aiming for significant growth in Africa, focusing on renewable energy projects as part of its overseas expansion strategy, a company...

EU plans to limit exports of aluminium scrap

BRUSSELS -The European Commission plans to restrict EU exports of scrap aluminium, to stop the metal flooding out of the bloc and leaving its industry short of an input required to decarbonise, EU...

Trump says visiting Saudi crown prince knew nothing about Khashoggi killing, contradicting US intel

WASHINGTON -U.S. President Donald Trump said on Tuesday that Mohammed bin Salman knew nothing about the 2018 killing of journalist Jamal Khashoggi by Saudi agents, offering a fierce defense of the...

TSX hits an 11-day low as AI jitters weigh on technology shares

Canada's main stock index edged lower on Tuesday as doubts lingered that booming investment in artificial intelligence will pay off, with declines for the technology and industrial sectors offsetting...

After deadly accident, Freeport aims to restart Grasberg copper production by July

Freeport-McMoRan said on Tuesday it plans to restore production at Indonesia's Grasberg copper and gold mine by July after a fatal incident forced operations to halt two months ago. ...

NGO accuses Nestle of higher added sugar in baby products sold in Africa

LONDON -Swiss NGO Public Eye on Tuesday accused Nestle of double standards by alleging that the company sells infant cereal in Africa with higher sugar content than in more developed markets, claims...

TSX futures fall as investors avoid risks, commodity prices fall

Futures for Canada's main stock index fell on Tuesday, as global investors avoided risks ahead of U.S. economic data and earnings from AI bellwether Nvidia, and as commodity prices fell. ...

India set for record wheat planting as soil moisture and prices rise

MUMBAI -Indian farmers are set to expand wheat acreage by about 5% to a record high, aided by higher returns and October's untimely rains, which improved soil moisture and encouraged a shift from...

Four years after Sri Lanka's failed organic push, rice farmers struggle to rebuild

DEHIATTAKANDIYA, Sri Lanka -Four years since Sri Lanka scrapped a rash fertiliser ban that triggered protests, decimated harvests and exacerbated its financial collapse, the pain for growers...

South African retailer Pick n Pay's founders sell 64 million shares, lose majority control

Pick n Pay's founding Ackerman family has sold about 64 million shares, the South African retailer said on Tuesday, more than a year after pledging to cede control of the struggling grocer. ...

Trump to welcome Saudi crown prince with offer of fighter jets, business deals

WASHINGTON -U.S. President Donald Trump will roll out the red carpet for Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, on Tuesday for a visit expected to advance the sale of F-35...

Pick n Pay founders sell 64 million shares for $93 million

Pick n Pay on Tuesday said The Ackerman family, which founded the South African grocery retailer in 1967, has sold about 64.04 million shares in an accelerated bookbuild offering, raising about 1.6...