Analysis: Indices

Chime valued at $18.4 billion as shares soar in Nasdaq debut

Chime Financial's shares surged 59% in their hotly anticipated Nasdaq debut on Thursday, valuing the digital bank at $18.4 billion and extending a winning streak for new stock market listings. ...

UK's Halma hits record high after profit beat, upbeat revenue forecast

British health and safety device maker Halma on Thursday forecast higher revenue growth for fiscal year 2026 and beat annual profit expectations, sending its shares to a record high. At...

EU to subsidise high volume of greener aviation fuel to boost airline demand

The European Union has offered to subsidise airline purchases of more than 200 million litres of sustainable aviation fuels to encourage carriers to swap kerosene for cleaner alternatives, Reuters...

India's May palm oil imports surge 84% m/m to hit six-month high

MUMBAI -India's palm oil imports jumped to a six-month high in May, driven by low inventories and the tropical oil's price discount to rival soyoil and sunflower oil, which prompted refiners to boost...

China puts six-month limit on its ease of rare-earth export licenses, WSJ reports

China is putting a six-month limit on rare-earth export licenses for U.S. automakers and manufacturers, The Wall Street Journal reported on Wednesday citing people familiar with the matter. ...

South African budget law passes after months of delay

JOHANNESBURG -South Africa's parliament passed the budget's fiscal framework and revenue proposals on Wednesday, removing a key pillar of uncertainty for investors in Africa's biggest economy. ...

MultiChoice swings to loss as subscribers dwindle, currency depreciation hits

JOHANNESBURG -South African pay television company MultiChoice swung to a full-year headline loss as it contended with cash-strapped consumers, and foreign currency and other macro headwinds, it said...

US consumer prices rise moderately in May

NEW YORK -U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods. ...

Some French Tesla drivers file lawsuit over harm allegedly caused by Musk's behaviour

PARIS -A small group of Tesla owners in France is suing the carmaker run by Elon Musk, alleging its vehicles have become far-right totems that are harming their reputation, the law firm representing...

S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal

The S&P 500 ended lower on Wednesday, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more...

Kremlin says EU-proposed lower Russian oil price cap is not helpful for global markets

MOSCOW -A lower price cap for Russian oil proposed by the European Commission to punish Moscow for its war in Ukraine will not contribute to the stabilisation of global energy markets, Kremlin...

South African business confidence edges up in May after big drop in prior month

JOHANNESBURG -South African business confidence edged up in May after a steep drop in the previous month, helped by a stronger rand, rallying stocks on the Johannesburg bourse and high gold and...

South African macadamia farmers eye new markets after US tariff jolt

LIMPOPO -Gene Likhanya's macadamia nut farm, started with personal savings and built up over two decades in South Africa's picturesque Madimbo valley, faces a sudden challenge from U.S. import...

Stocks dip, Treasury yields pull-back amid Middle East tension, cooler inflation, US-China 'deal'

Wall Street stocks and the dollar fell on Wednesday, while U.S. Treasury yields eased, amid fresh tension in the Middle East, a lack of detail in a U.S.-China trade deal, and U.S. consumer prices...

Analysts react to US-China trade agreement

NEW YORK/SINGAPORE -U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little...

Lutnick says US-China trade framework should resolve rare earth issue

LONDON -U.S. Commerce Secretary Howard Lutnick said on Wednesday that a trade framework and implementation plan agreed with China in London should result in restrictions on rare earths and magents...

China's Li says US-China reach framework on trade, will report back to leaders

LONDON -China's Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the U.S. negotiating teams had agreed a framework on trade after two days of talks, and would take that back...

Malaysia energy company Petronas has no plans to leave Canada, executive says

CALGARY -Malaysian energy company Petronas has no plans to leave Canada, the CEO of its Canadian subsidiary said on Tuesday, adding the company is committed to decades of LNG exports off the...

China delays decision on EU pork imports as EV tariff talks continue

China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve...