Analysis: Indices

India's fuel demand in May hit highest in over a year

India's fuel demand rose to 21.32 million metric tons in May, its highest in more than a year, Oil Ministry data showed on Friday. WHY IT'S IMPORTANT India is the world's...

India's GAIL sells LNG cargo as early monsoons cause weak power demand, say sources

GAIL Ltd has re-sold one liquefied natural gas cargo this week, said three market sources on Friday, as the state-run firm's storage tanks for the fuel are full amid weak power demand in India. ...

GAIL India's Dabhol LNG terminal goes all-weather with first monsoon cargo

GAIL 's Dabhol LNG Terminal in the western state of Maharashtra received its first liquefied natural gas cargo during the traditionally disruptive monsoon rains on June 2, the gas transporter said...

Indian dealers offer steeper discounts as price rally dulls demand

Gold discounts in India widened this week to their highest levels in more than a month, as a rally in domestic prices to near-record highs weighed on demand, while elevated rates also dampened buying...

Strong second-half sales boost South Africa's Mr Price annual profit

JOHANNESBURG -South African fashion retailer Mr Price reported a 10.1% increase in full-year earnings on Friday, supported by strong second-half performance amid improved sales growth and reduced...

Investor caution lingers as Trump-Xi call offers no trade breakthrough

SINGAPORE -Chinese markets had a muted response on Friday to the rare leader-to-leader call between U.S. President Donald Trump and Chinese leader Xi Jinping that left key issues to further talks,...

Wall Street posts weekly gains, Treasury yields jump as upbeat jobs data ease economic fears

NEW YORK -U.S. stocks closed sharply higher on Friday and U.S. Treasury yields jumped as a generally upbeat employment report and bounce-back in Tesla shares helped the indexes notch weekly...

India's benchmark Nifty 50 logs best day in three weeks on RBI's bumper policy support

India's benchmark Nifty 50 logged its best day in three weeks as investors rallied behind the central bank's bumper policy measures. The Reserve Bank of India cut the key lending rate...

Canadian regulator says Prince Rupert Gas Transmission pipeline project has started

British Columbia's Environmental Assessment Office has determined that work on the Prince Rupert Gas Transmission natural gas pipeline project has been substantially started, the provincial...

Exclusive-Petrobras aims to make Africa its main exploratory region outside Brazil, CEO says

RIO DE JANEIRO -Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's...

Chery launches Omoda and Jaecoo hybrid electric SUVs in South Africa

MULDERSDRIFT, South Africa -China's Chery Auto launched the sale of the hybrid versions of its Omoda C9 and Jaecoo J7 SUVs in South Africa on Thursday, its first new-energy vehicles in the country. ...

US aluminium premiums hit record levels after tariffs take effect

LONDON -Premiums for consumers buying aluminium on the physical market in the United States hit a record 60 cents a lb or $1,323 a metric ton on Thursday after U.S. President Donald Trump imposed...

Australia is 'safe and reliable' critical minerals alternative, minister says

PARIS -Australia offers a secure alternative supply for critical minerals vital to industry, its trade minister Don Farrell said on Thursday, in the face of rising concerns about Beijing's dominance...

Mali hearing on Barrick's suspended Loulo-Gounkoto complex adjourned to June 12

A Malian court has adjourned until June 12 a hearing on whether to put the Loulo-Gounkoto gold mining complex, suspended since January due to a dispute between its owner Barrick Mining and Mali's...

Silver surges past $35/oz level to hit a more than 13-year high

Silver has soared to the key milestone of $35 per ounce, reaching its highest level in more than 13 years, propelled by robust industrial demand and ongoing supply deficits, analysts said. ...

US stocks heal from tariff pain but trade news to keep markets edgy

NEW YORK -After months of Wall Street gyrations to the twists and turns of U.S. trade policy, signs suggest stock investors are becoming more resilient to developments and cautiously defaulting to...

China's BYD to nearly triple South Africa dealers' network by next year

JOHANNESBURG -Chinese electric-vehicle giant BYD plans to nearly triple its dealership network in South Africa by next year as it looks to grow its market share in the country, a senior executive...

Kenya private sector activity contracts for first time in seven months, PMI shows

NAIROBI -Kenya's private sector activity contracted in May for the first time in seven months, hurt by a slowing performance in the construction, wholesale and retail and services sectors, a business...

US stocks end lower, crude gains as Trump-Musk row distracts from trade talks, data

NEW YORK -Wall Street veered to a sharply lower close and crude prices advanced on Thursday as a high-profile dispute between U.S. President Donald Trump and billionaire Elon Musk overshadowed trade...