Indices

Milan Stock Exchange Plunges: Worst Performer in Europe as Bank Fears Grip Markets

A sharp sell-off hit Piazza Affari in what is shaping up to be a Black Friday for equity markets, with Milan's stock exchange posting the worst performance among European bourses. Global sentiment has...

Milan Stock Exchange Opens Sharply Lower Amid U.S. Regional Bank Fears, Defense Sector Also Hit

The Milan Stock Exchange opened on a negative note, signaling what appears to be shaping up as a Black Friday for equity markets. Weighing on global sentiment are developments in the ongoing crisis...

India's Hindustan Zinc posts quarterly profit rise

India's Hindustan Zinc reported a nearly 14% rise in second-quarter profit on Friday, helped by higher commodity prices of zinc and silver and as domestic demand remained resilient. ...

China allows more biofuel firms to export green aviation fuel, sources say

SINGAPORE -China has approved another three biofuel refiners to export sustainable aviation fuel by issuing them quotas, according to trade sources and a Chinese consultancy, a move that could see...

CNPC keeps oil flowing in Niger as negotiations seek to tackle disputes, sources say

China's CNPC has continued to export crude from a newly expanded oilfield in Niger that has generated more than $2 billion in revenue despite disputes with government officials over hiring more local...

India's festive rush pushes gold premiums to over 10-year peak

Physical gold demand in major Asian markets was strong this week, even as prices smashed through multiple record levels with premiums in India reaching their highest level in over a decade ahead of...

Egypt raises domestic fuel prices, freezes them for at least a year

CAIRO -Egypt raised prices on a wide range of fuel products on Friday, the country's official gazette said, marking the second increase this year, in line with government policies to...

South Africa calls for greater ratings transparency at G20 meeting

WASHINGTON/JOHANNESBURG -South African Reserve Bank Governor Lesetja Kganyago said on Thursday that developing nations should be able to challenge ratings agencies' methodologies to ensure greater...

North America's LNG export capacity could more than double by 2029, EIA says

Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day by 2029, the U.S. Energy...

HSBC raises average gold price forecasts for 2025 and 2026

HSBC has raised its 2025 average gold price forecast to $3,355 per ounce from $3,215 due to safe-haven demand driven by geopolitical tensions, economic uncertainty, and a weakening U.S. dollar.  ...

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

DAKAR -Guinea's bauxite exports surged 23% year-on-year in the third quarter, defying heavy rains and regulatory headwinds, official data showed. Shipments of the critical aluminium...

Indonesia considering 1% sustainable aviation fuel blend by 2026, official says

JAKARTA -Indonesia, the world's largest palm oil producer, is considering a plan to require international flights from Jakarta and Bali to use a 1% sustainable aviation fuel blend starting from...

Top South Korean official expresses optimism about US tariff talks, fuelling stock rally

SEOUL -South Korea's chief presidential policy adviser said on Thursday he was optimistic about talks to finalise a trade deal with the U.S., the latest remark by an official pointing to progress in...

India refiners to buy more US LPG in 2026, cut Middle East imports, sources say

NEW DELHI -India plans to cut imports of liquefied petroleum gas from the Middle East as its state refiners look to boost purchases from the U.S., sources with knowledge of the matter said,...

NIO shares plummet as Chinese EV maker faces lawsuit from Singapore's GIC

SINGAPORE -NIO stock closed down nearly 9% on Thursday, as investors fretted over the Chinese electric vehicle maker's outlook amid a U.S. securities lawsuit by Singapore sovereign wealth fund GIC. ...

Namibia central bank chief calls for diamond royalty relief extension

WINDHOEK -Namibia's central bank governor Johannes !Gawaxab called on Wednesday for an extension to a royalty discount granted to Namdeb to help the diamond miner through a protracted global market...

Botswana's ODC sets first contract diamond sales for November

GABORONE -Botswana's state-owned Okavango Diamond Company will start selling diamonds to contracted buyers next month, as it diversifies its sales channels under the government's new deal with De...

TSX opens higher on US bank earnings, Fed rate cut optimism

Canada's main stock index opened higher on Wednesday, with mining stocks leading the advance, buoyed by renewed U.S. rate cut optimism and robust earnings from major U.S. banks that signaled strength...

OPEC Secretary General says oil and gas industry needs more investment

OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and gas, saying oil will continue to account for about 30% of the global energy mix by 2050. ...