Indices

Milan Stock Exchange Opens Month on a Positive Note: Tim Rebounds, Defense Sector Shines, Publishing Stocks in Focus

Indices at Piazza Affari began the month in positive territory, although trading volumes remained relatively subdued, partly due to today's closure of Wall Street for a public holiday. The main...

South African factory mood sours in August, Absa PMI shows

JOHANNESBURG -South African manufacturing sentiment deteriorated in August after a short-lived improvement in July, as activity remained subdued and both domestic and export demand were sluggish, a...

South Africa says technical work on changing inflation target draws to a close

JOHANNESBURG -South Africa's finance ministry and central bank said in a joint statement on Monday that technical work on whether to change the country's inflation target was drawing to a close. ...

India's top court dismisses challenge to government rollout of 20% ethanol-blended fuel

NEW DELHI -India's top court on Monday dismissed a petition challenging the government's move to roll out 20% ethanol-blended fuel in vehicles across the country. In 2021 India set a...

IBEX 35 Eyes 15,000 Ahead of Key U.S. Jobs Report

The IBEX 35 opened Monday with a slight uptick, edging closer once again to the 15,000-point mark after posting a 3% correction last week, prompted by profit-taking. In the first week of September,...

US equity funds draw only subdued inflows on Fed independence risk

U.S. equity funds drew only marginal inflows in the week through August 27 as risks to the Federal Reserve's independence kept investor demand in check after President Donald Trump attempted to fire...

India's ONGC to keep buying Russian oil if prices economical, chair says

NEW DELHI -Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices. There is no sanctions...

US core PCE firms slightly but matches expectations

NEW YORK -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of...

Global equity fund inflows ease on worries over Fed independence

Global equity funds witnessed a dip in demand in the week through August 27 on concerns around the Federal Reserve's independence as President Donald Trump attempted to fire a Federal Reserve...

Affirm shares soar on rising BNPL demand as income growth slows

Affirm Holdings shares surged 18% as an upbeat annual forecast for gross merchandise value highlighted U.S. customers' increasing use of buy now, pay later services, at a time when analysts have...

Milan Stock Exchange Slips Alongside Europe; Banks Weaken, Defense Sector Shines, Markets Await US PCE Data

Piazza Affari weakened through the morning, mirroring the performance of other European stock exchanges and US index futures, as investors await new US inflation data with July's core PCE due out...

South Korea prosecutors seek 15-year jail term for Kakao founder Kim

SEOUL -South Korean prosecutors requested on Friday a 15-year jail term for local tech giant Kakao founder Kim Beom-su, also known as Brian Kim, on stock manipulation charges, said an official at the...

China receives first Arctic LNG 2 cargo ahead of Putin's visit, data shows

SINGAPORE -China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and LSEG showed, days ahead of Russian President Vladimir...

South African rand range-bound after US inflation report, local data releases

JOHANNESBURG -The South African rand showed little reaction on Friday to a key U.S. inflation report and mixed domestic economic data. At 1521 GMT, the rand traded at 17.6675 against...

DAX Expected to Open Lower Amid Economic and Geopolitical Concerns

the Federal Reserve's preferred inflation gauge. Geopolitics are also coming into sharper focus. EU foreign and defense ministers are meeting in Copenhagen for two days of talks, wit...

Northam CEO says platinum miners not out of the woods despite price rally

The recent platinum price rally has brought relief to South African miners, but is still below levels needed to support new production, Northam Platinum CEO Paul Dunne said on Friday. ...

Oil prices fall with expected low demand, upcoming supply boost

HOUSTON -Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and a boost in supply this autumn from OPEC and its allies. Brent...

Trump's options to ease Russia sanctions limited compared to Europe's

WASHINGTON -U.S. President Donald Trump could quickly lift some sanctions on Russia as a reward to Moscow if peace talks with Ukraine go well, but only Europe can take the bigger steps needed to...

South Africa launches G20 taskforce to examine global wealth inequality

JOHANNESBURG -South African President Cyril Ramaphosa on Thursday launched a G20 experts taskforce to examine global wealth inequality and its impact on growth, poverty and multilateralism -- the...