Indices

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...

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...

Ukraine, US launch fund for critical minerals projects with $150 million investment

Ukraine and the U.S. International Development Finance Corporation will each commit $75 million to a joint investment fund that is part of Kyiv's minerals deal with Washington first signed in April,...

EU eyes deeper India alliance despite concern over Moscow ties

The European Commission set out plans on Wednesday to deepen cooperation with India in fields such as defence, technology and trade, despite tensions over New Delhi's close ties to Moscow. ...

US approves $130 million project to build power line in Moldova

The U.S. has approved a $130 million project to construct a high voltage transmission line to ensure a reliable electricity supply to Moldova from European markets, the U.S. embassy in Moldova said...

India, EU trade talks enter crucial phase, aiming to seal deal by year end

NEW DELHI -Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top...

Industrial group Air Liquide explores sale of biomethane assets, sources say

LONDON -Industrial gases giant Air Liquide is exploring the sale of its biomethane assets, according to three sources with knowledge of the plan, as the French group focuses on its core business of...

Global equity funds record first weekly outflow in five weeks

Global equity funds registered their first weekly outflow in five weeks through September 10 as investors locked in profits and trimmed their risk exposure. Major equity markets hit...

Eni CEO, US delegation meet to bolster energy ties

Eni's Chief Executive Claudio Descalzi met the U.S. energy and interior secretaries on Friday as Washington pushes to seal energy supply deals that it hopes will strengthen its influence in the...

Global stocks edge up with dollar, bond yields as Fed rate cuts loom 

MSCI's global equities index edged higher on Friday, after registering a record close in the prior session, while U.S. Treasury yields rebounded after sliding the day before when expectations climbed...

French economy to grow 0.8% in 2025 as key sectors rebound, INSEE says

PARIS -France's economy will grow marginally faster than previously expected this year as rebounds in the aeronautics industry, tourism, real estate and agriculture offset weak consumer spending and...

OPEC sticks to oil demand forecasts, says economy doing well

LONDON -OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for this year and next, and said the world economy was maintaining a solid growth trend in the...

Swiss add lustre to Trump trade deal with gold refining plan, sources say

ZURICH -Switzerland is proposing that its gold industry builds a refinery in the United States or increases its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to...

Digital bank NOBA plans Sweden IPO valuing firm at $3.7 billion

Digital banking group NOBA has announced plans to list on the Nasdaq Stockholm exchange sometime in the third quarter of this year in a deal expected to value the company at around 35 billion Swedish...

Third cargo from Russia's sanctioned Arctic LNG 2 discharges and departs China

BEIJING -A third tanker from Russia's Arctic LNG 2 plant, which is under Western sanctions, discharged its cargo and exited a terminal in China on Wednesday, LSEG and Kpler's ship-tracking data...

China cannot be ignored, Britain's trade minister says, as row over embassies clouds ties

Britain's new business minister Peter Kyle, visiting Beijing for the first trade talks since 2018, said China's economic might made it unignorable but that better commercial ties hinged on moving past...

Oil prices slide 2% on worries about global oversupply, US demand

Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war...

Klarna valued at nearly $20 billion as shares jump in NYSE debut

Klarna shares jumped 30% in their hotly anticipated New York debut, valuing the Swedish fintech at $19.65 billion, ending the company's years-long wait for a listing and underscoring a rebound in the...