Indices

Up to 90% of LME aluminium inventories controlled by one party

One party has taken control of up to 90% of available London Metal Exchange aluminium inventories worth half a billion dollars, according to LME data on Monday. The exchange does not...

Exclusive-Russia could concede $300 billion frozen assets as part of Ukraine war settlement, sources say

Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that...

Global equity fund inflows rise on European stock rally, cooling US inflation

Global equity funds continued to see robust inflows, with the majority directed to European equity funds, which hit record highs fueled by hopes for peace in Ukraine and a surge in the defense sector...

EU seeks more US gas, renewable energy to replace Russian supplies

The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy...

Oil extends gains on strong US demand hopes, Russia supply concerns

Oil prices extended gains on Friday, headed for a weekly increase, as falling inventories of U.S. gasoline and distillate raised expectations of solid demand while concerns over supply disruptions in...

Repsol says Trump's gas policies will help lower prices

The chief executive of Spanish oil company Repsol said on Thursday he expected U.S. President Donald Trump's energy policies would have a positive impact on the gas industry including increased output...

Swiss January gold exports to the US reach highest for 13 years

Gold exports from Switzerland rose year on year in January as supplies to the United States soared to the highest in at least 13 years and offset lower deliveries to top consumers China and India,...

Indices: Is the Indian market overvalued?

India's flagship stock market index, the Nifty 50, went on an eight-session losing streak, before ending February 17 with a small gain of 0.3%. The Nifty 50 has lost 3% since the beginning of the...

Anglo American posts $3.1 billion loss on writedowns

Anglo American said on Thursday it suffered a loss of $3.1 billion after taking impairment losses of $3.8 billion, mostly due to its ailing diamond unit, as it races to refocus the miner into a major...

EU considers tighter steel import curbs over Trump's new tariffs

The European Commission is investigating whether to tighten its current system of quotas on steel imports to protect EU producers from new tariffs U.S. President Donald Trump plans to impose on...

Glencore looks at leaving London as shares drop and earnings dip

LONDON -Glencore is considering moving its primary listing from London, it said on Wednesday, after it posted lower earnings, recorded $2.3 billion in impairment losses and said it would return $2.2...

Zelenskiy says U.S. minerals proposal needs work, Turkish media report

President Volodymyr Zelenskiy was quoted on Wednesday as saying a U.S. proposal for a critical minerals deal was unfair as it did not include security guarantees, and he did not want Ukraine to become...

Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets

DUBAI -Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer Engie, the companies said in a joint statement on Wednesday. ...

Nigerian cocoa processor Johnvents receives investment from Britain to expand

Johnvents, a Nigerian agribusiness and manufacturing firm, has gained $40.5 million from the UK's development finance institution to more than double its cocoa processing capacity to 30,000 metric...

Petra Diamonds appoints two CEOs as it battles widening losses

Petra Diamonds on Monday said it has appointed joint CEOs to replace Richard Duffy, who has resigned by mutual agreement and with immediate effect amid a wider loss of $69 million for the half-year...

EU to hold next round of joint gas buying in March

The European Union will hold its next round of joint gas buying in March, seeking demand from buyers for the next five years to help Europe replace Russian fuel, gas capacity platform Prisma, which...

Global equity funds draw inflows on European rally

Global equity funds attracted significant inflows in the week ending February 12, after a Bank of England rate cut drove a rally in European shares, although caution over U.S. President Donald Trump's...

European shares set for eighth weekly gain; Hermes jumps after strong earnings

European shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robust earnings from Birkin bag maker Hermes. The...

Goldman Sachs raises 12-month STOXX 600 forecast

Goldman Sachs raised its 12-month price forecast for Europe's STOXX 600 index on Friday, citing factors such as lower risk premium, reduced energy prices, improved consumer confidence, and stronger...