Indices

Trump's tariffs raise recession red flags

A look at the day ahead in European and global markets from Kevin Buckland It was a nervy start to the week for markets, led by an uncharacteristically steep decline for Wall Street...

The end of cheap palm oil? Output stalls as biodiesel demand surges

Prices of cooking oil could be buoyed up for years by stagnating production and a biodiesel push in top producer Indonesia that are making traditionally cheap palm oil costlier, eliminating an...

Investors pour most money into Europe since February 2022 - BofA

LONDON -Investors continued to plough money into European equities in the week to Wednesday, Bank of America said on Friday, citing data from EPFR, as the region maintained its year-to-date...

Exclusive-Russia ships diesel to Syria on tanker under U.S. sanctions, data shows

Russia shipped a diesel cargo to Syria onboard a tanker under U.S. sanctions, the first known such direct supply to the Middle Eastern country in more than a decade, LSEG data showed. ...

Russia's Polyus reports record EBITDA on high gold prices

MOSCOW -Russia's largest gold producer Polyus on Wednesday reported record production and core earnings for 2024 thanks to high gold prices in spite of Western sanctions on Russia and the company. ...

European companies take evasive action as Trump tariffs hit, brace for second wave

European companies, from Swiss chocolatiers to German car parts makers, are preparing their 'plan Bs' to adapt to U.S. trade tariffs that became a blunt reality on Tuesday, with a second barrage...

OPEC+ to proceed with planned April oil output hike, sources say

LONDON -OPEC+ has decided to proceed with a planned April oil output increase, three sources from the producer group told Reuters on Monday. OPEC+, which includes OPEC members plus...

Exclusive-Russia's Rusagro for first time exports sunflower oil from St Petersburg

Russian farming conglomerate Rusagro has begun exporting sunflower oil from the St Petersburg terminal on the Baltic Sea as it seeks to overcome bottlenecks at Black Sea ports, according to LSEG data...

Asia shares in tense wait for tariff news, bitcoin surges

Asian share markets dithered on Monday as the threat of imminent tariffs lurked in the background, while bitcoin surged on news it would be included in a new U.S. strategic reserve of...

Air France CEO says ready to bid for Portugal's TAP

The CEO of Air France-KLM, Ben Smith, said on Friday the airline was ready to present its project for the privatisation of Portugal's flag carrier TAP, and intended to invest in local economy and...

Ferrovial posts $3.3 billion profit in 2024 after selling Heathrow stake

Spanish construction giant Ferrovial posted a 2024 net profit of 3.23 billion euros on Friday after completing some divestments such as shedding its stake in Britain's Heathrow airport. ...

BoE's Ramsden sees increased risk of above-target inflation

Bank of England Deputy Governor Dave Ramsden said on Friday that he saw risks to the BoE's inflation target as being two-sided, rather than skewed downwards as before, though he noted that BoE rate...

Stocks slump, dollar towers as Trump tariff threat roils markets

Equities slumped in Asia on Friday and the U.S. dollar hovered near multi-week highs against the currencies of the country's top trading partners as concerns about an escalating global trade war...

Germany's Northern Data to initiate Frankfurt uplisting, explores global listing

Germany's Northern Data said on Thursday that it has started the process to uplist to the Prime Standard listing on the Frankfurt Stock Exchange in 2025. The technology company said it...

What's in the EU's plan to boost clean tech, lower energy bills?

The European Commission proposed on Wednesday to make 100 billion euros available to support EU-made clean manufacturing along with measures to lower power bills.  The EU Clean...

Yields slumps with dollar as US growth worries weigh, Asia shares edge up

A slide in U.S. Treasury yields dented the dollar on Wednesday, and oil prices also struggled as worries over the outlook for the world's largest economy grew, while Asia shares rose ahead of AI...

G20 finance ministers, central bankers to meet amid fractious geopolitics

Finance ministers and central bankers from the G20 top economies gather in South Africa on Wednesday and Thursday, for a meeting marred by the absence or curtailed attendance of key members and...

Britain needs huge switch to EVs, heat pumps and to eat less meat to hit net zero

Britain must end its reliance on fossil fuels, switch to electric vehicles and heat pumps, and eat less meat to reach its 2050 net zero target, the country's climate change advisers said on...

Botswana signs long-delayed diamonds deal with De Beers

Botswana's government on Tuesday signed a long-delayed diamonds sales agreement with Anglo American unit De Beers. Negotiations over the deal started in 2018. In 2023 the...