Indices

Exclusive-US locks in steep China tariff hikes, many to start Sept. 27

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China's...

Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500

Deutsche Bank has raised its year-end target for the benchmark S&P 500 index to 5,750 points from 5,500, citing rising stock buybacks, strong corporate earnings and robust inflows, boosted by strong...

Oil prices flat as lower demand signs outweigh U.S. hurricane impact

Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude...

Oil prices rebound on fears of supply disruption from tropical storm

Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to...

OPEC again lowers 2024, 2025 global oil demand growth view

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second...

Glencore's ex-head of oil appears in UK court on bribery charges

Glencore's former head of oil Alex Beard appeared in a London court on Tuesday to face bribery charges relating to the Swiss commodity trader's operations in Africa. Beard will plead not...

Sneaker maker Golden Goose posts 12% increase in core profit in H1

Italian luxury sneaker group Golden Goose said its adjusted core profit rose 12% to 109.2 million euros in the first half of the year, as its net revenues kept growing. Revenues were...

Toyota to cut 2026 global EV production by a around third to 1 million, Nikkei reports

Toyota Motor will cut its 2026 global EV production to around 1 million vehicles, down from a previously announced sales plan of 1.5 million, the Nikkei business daily reported on Friday. ...

Foxconn says August revenue +32.81% y/y, performance to further improve in Q3

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Thursday reported revenue for August rose 32.8% year-on-year. Performance in the...

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...

Angola weighs rival China, European financing bids to transform economy

China needs to step up its financing for Angola if the African nation is to absorb more Chinese-made goods from solar panels to electric cars, Angola's finance minister said on Tuesday, as the former...

Japan's AM-One aims to raise $3.4 billion for new large-cap Japan fund

Mizuho subsidiary Asset Management One aims to raise half a trillion yen for its first Japanese stocks fund investing in big companies, in a bet global investors will stick with Japanese equities...

China, South Africa sign cooperation documents on trade, more investments

China and South Africa, whose top leaders met in Beijing, signed cooperation documents that cover trade and other areas, and discussed encouraging their business communities to increase two-way...

Stock market experts recommend nine stocks worth buying for the fall

The Stockholm Stock Exchange has been on a tear in a giant cold snap, which suggests further gains this fall. If the economy also takes revenge, it will soon be time to buy into some of the stock...

UK stocks muted as economic data takes centre stage in policy decision month

UK's main stock index was largely flat in thin trade on Monday, with investors awaiting a slew of domestic data and across major economies, such as the U.S. and Europe, to position for a month...

Chance of a golden autumn for equities - Dax 'overheated' in the short term

After a volatile August, the chances of a golden autumn for equities are good. According to investment expert Robert Halver from Baader Bank, investors are currently worried about missing out. They...

BHP moves ahead with expansion of South Australia's Olympic Dam copper refinery

BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia, as global miners ramp up their efforts around the key metal for greener...

Wine wins, crops lose, as farmers grapple with record Balkans heat

Rastislav Pucovski held a fistful of soy beans shriveled to the size of peppercorns on his farmland in northern Serbia where the soil, dried to dust by drought, swirled in the wind. A...

Asia shares set for solid monthly gain, dollar slumps on growing US rate cut bets

Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but...