Indices

UK's Anglo American sells Valterra Platinum stake for $2.5 billion

Global miner Anglo American on Thursday said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum, its former subsidiary. Anglo has been...

Asia markets perk up as Fed comments, jobs data point to rate cuts

SINGAPORE -Asian stocks were mostly higher on Thursday as dovish comments from Federal Reserve officials and a smooth auction of Japanese super-long debt eased investor jitters in bond markets. ...

World Gold Council launches digital gold initiative with Linklaters, Hilltop Walk

The World Gold Council in collaboration with law firm Linklaters and consultancy firm Hilltop Walk Consulting has announced a new framework to modernize the global gold market. The...

Exclusive-Britain's FCA asks Mercuria about its LME aluminium holding

LONDON -Britain's financial watchdog has approached commodity trader Mercuria inquiring about its large London Metal Exchange aluminium holding, which has distorted prices for contracts with short...

Etihad first-half profit best yet on global expansion, passenger growth

Abu Dhabi's Etihad Airways first half was its most profitable yet, the company said Wednesday, as its net profit reached 1.12 billion UAE dirham , up 32% year-on-year. Etihad carried...

Deutsche ReGas secures LNG regasification deals with BASF, Equinor

BERLIN -Deutsche ReGas on Wednesday said it had signed long-term agreements with German chemical producer BASF and Norway's energy major Equinor for liquefied natural gas regasification capacity at...

EU to propose Mercosur trade deal, facing France-led opposition

BRUSSELS -An EU trade accord with South America's Mercosur bloc will be presented by the European Commission on Wednesday for approval, pitting Germany and other countries that want new markets to...

Sweden's Klarna targets up to $14 billion valuation in long-awaited US IPO

Sequoia Capital-backed Klarna said on Tuesday it was aiming for a U.S. listing valuing the fintech at up to $14 billion, moving it closer to its long-awaited market debut as investor appetite in...

Mubadala-backed Corient to acquire two European wealth managers in $214 billion asset deal

DUBAI -Corient, one of the largest U.S. wealth advisory firms, said on Tuesday it would acquire Stonehage Fleming and Stanhope Capital Group, bringing more than $214 billion in client assets under...

Russia's Novatek hires Leonard Neo as LNG marketing manager in Singapore

SINGAPORE -Russia's largest liquefied natural gas producer Novatek has hired Leonard Neo as an LNG marketing manager in Singapore, according to Neo's LinkedIn post on Tuesday. Neo was...

Hedge funds still cautious on U.S. stocks going into fragile September

LONDON -Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in...

Nestle investors face more turbulence after another CEO ousted

STORY: Nestle investors were pitched back into choppy waters on Tuesday. The Swiss food giant ousted its CEO Laurent Freixe over an affair he had with a subordinate. The...

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...

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...

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...

Second German LNG terminal starts commercial operations at Wilhelmshaven

FRANKFURT -Germany will officially start commercial operations at its second liquefied natural gas import terminal at Wilhelmshaven port on Aug 29., state operator Deutsche Energy Terminal said on...

Drought leaves UK beef farmers scrambling to feed hungry herds

MIDDLE DUNTISBOURNE, England -On David Barton's beef farm in the picturesque Cotswolds in western England, months of heat and drought have left his 200 head of Salers, Herefords and Sussexes with...

UK air passenger figures beat pre-pandemic record for April-June

LONDON -The number of passengers passing through British airports in April to June rose to a record 81 million, beating the pre-pandemic high for the period, Britain's aviation regulator said on...