Analysis: Indices

Zijin Gold launches $3.2 billion Hong Kong IPO

Zijin Gold International, a wholly-owned unit of China's mining giant Zijin Mining, is aiming to raise HK$24.98 billion in an initial public offering, the largest of its kind in the city this year,...

Cybersecurity firm Netskope notches $8.8 billion valuation as shares jump in Nasdaq debut

Cybersecurity firm Netskope commanded an $8.79 billion valuation as its shares jumped 21% in their Nasdaq debut on Thursday, adding to a string of successful tech IPOs this year. The...

S.Africa's Transnet agrees port equipment deal with Liebherr

South Africa's logistics company Transnet on Thursday said it has agreed a 10-year partnership deal with German equipment maker Liebherr for the supply of cranes as it seeks to upgrade and modernise...

Diamond selling processes are outdated and hurting producers, trader says

GABORONE -The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader...

South African central bank holds key rate to assess impact of earlier cuts

South Africa's central bank left its key lending rate at 7% in a tight decision, holding off from easing monetary policy further while it assesses the impact of previous rate cuts. ...

Swiss exports to US drop over a fifth after Trump tariffs

ZURICH -Swiss goods exports to the United States dropped by more than a fifth in August, the month in which President Donald Trump imposed 39% tariffs on the country, official data showed on...

India's upGrad eyes Asia expansion as US campuses lose appeal

BENGALURU -Indian edtech startup upGrad is exploring more university tie-ups in the Middle East and the Asia-Pacific as fewer students are opting to study in the U.S. and the UK due to visa...

Egypt's billboard boom strains eyes but raises profits

CAIRO -With whiplash traffic and obstacles ranging from potholes to donkey carts, Cairo's roads have never been for the faint of heart. But now drivers must contend with another hazard: A...

HK, Abu Dhabi bourse operators seek to deepen capital market ties

Hong Kong Exchanges and Clearing said on Thursday it had entered an agreement with the Abu Dhabi Securities Exchange to deepen collaboration and enhance connectivity between their capital markets. ...

India's Gokaldas eyes EU growth, Africa expansion to counter Trump's tariffs

Indian textile manufacturer Gokaldas Exports plans to boost shipments to the European Union and the United Kingdom, and expand production in Africa, as punitive U.S. tariffs threaten to sap profits,...

Barry Callebaut debt must come down, CEO says

ZURICH -The world's top chocolatier Barry Callebaut must reduce its debt and is working to achieve this, CEO Peter Feld was quoted as saying in an interview published on Thursday. Barry...

Foreigners snap up Asian bonds in August after two-month hiatus

Asian bonds attracted their first monthly foreign inflow in three months in August, as expectations of U.S. Federal Reserve rate cuts to support a cooling labour market boosted demand for...

Indian shares open higher led by IT after Fed rate cut

Indian shares opened higher on Thursday, led by information technology stocks after the U.S. Federal Reserve cut interest rates by a quarter point in a bid to halt any slide in the labour market in...

India's equity benchmarks to open higher after Fed rate cut

India's equity benchmarks are expected to open higher on Thursday after the U.S. Federal Reserve cut interest rates by a quarter point in a bid to halt any slide in the labour market in the world's...

Stocks churn as traders assess Fed outlook following rate cut

Global stock markets were choppy on Thursday after the Federal Reserve delivered its first rate cut this year but signalled a measured approach to further monetary policy easing, leaving investors...

Ghana central bank sets prime interest rate at 21.50%

DAKAR -Ghana's central bank cut its main interest rate GHCBIR=ECI by 350 basis points to 21.5% in a decision announced on Wednesday. ...

South African court annuls permit for Eskom to build new gas power plant

CAPE TOWN -One of South Africa's top courts on Wednesday annulled a government permit allowing state utility Eskom to build a large power plant burning natural gas, saying there had not been proper...

Rwanda's economic growth slows in Q2 2025

KIGALI -Rwanda's economic growth slowed in the second quarter of this year because of weaker performance in industry and services, the statistics office said on Wednesday. Economic...

India's rice stocks hit record, wheat at four-year high

MUMBAI -India's rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early September, while wheat inventories reached a four-year peak on stronger buying...