Indices

Ethiopia opens Africa's largest hydroelectric dam to Egyptian protest

Ethiopia officially inaugurated Africa's largest hydroelectric dam on Tuesday, a project that will provide energy to millions while deepening a rift with downstream Egypt that has unsettled the...

Hot, dry weather seen pushing French wine output below five-year average

PARIS -French wine production is expected to rise 3% from last year's rain-hit season but fall 13% from the five-year average as a heatwave and drought in August and smaller vine area cut output in...

India, EU push to close gaps in trade talks as year-end deadline looms

India and the European Union are holding potentially decisive trade negotiations in New Delhi this week, seeking to resolve differences over agriculture, dairy and non-tariff barriers to meet an...

TotalEnergies, South Korea's KOGAS sign 10-year LNG supply deal

TotalEnergies and South Korea's KOGAS have signed a 10-year agreement to deliver 1 million tons of liquefied natural gas per year in South Korea starting in 2027, the French oil major said on...

Permira, Blackstone take $525 million minority stake in Dubai's Property Finder

Permira and Blackstone Inc are acquiring a $525 million minority stake in Dubai-based classifieds firm Property Finder, according to a joint statement on Tuesday, in a sign of continued investor...

Argentine markets plunge after Milei's party loses to Peronists in Buenos Aires vote

Argentina's markets tumbled on Monday, with the peso currency touching a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition in local...

Stocks rise on rate cut bets, political upheaval unsettles currencies globally

A global index of stocks was higher on Monday while the dollar fell broadly - but gained against the yen - as investors grappled with political uncertainty in countries from Japan and Indonesia to...

BlackRock to open office in Kuwait, KUNA reports

DUBAI -BlackRock will open an office in Kuwait and has appointed Ali AlQadhi to lead operations in the country, Kuwaiti state news agency KUNA reported on Monday, as the world's largest asset manager...

Italy, US agree to boost LNG ties and infrastructure investment

ROME -Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas , as Europe continues to seek alternatives to Russian...

Data center builder Fermi files for US IPO as new listings accelerate

Fermi, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, on Monday filed for an initial public offering in the United States, as companies rush to tap investor enthusiasm for new...

Cybersecurity firm Netskope eyes up to $6.5 billion valuation in US IPO

Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States, the cloud-based cybersecurity firm said on Monday, signaling investors' appetite for new...

India likely to finalise Qatar trade pact framework in October as Trump tariffs bite

NEW DELHI -India is likely to finalise the terms of reference for a proposed free trade agreement with Qatar in early October, a government source said on Monday, as it pushes to forge deeper global...

Germany extends trusteeship of Rosneft assets to March

BERLIN -The German government has extended its trusteeship over the German assets of Russian oil producer Rosneft until March 10 next year, the economy ministry in Berlin said on Monday. ...

China's Leapmotor launches EV hatchback at Munich car show, boosting European lineup

MUNICH -Leapmotor unveiled the B05, a new hatchback model, at the Munich car show on Monday, adding another product to the Chinese EV maker's lineup in Europe as competition heats up for affordable...

China's August exports to Russia post biggest fall in six months

BEIJING -China's yuan-denominated exports to Russia in August saw their biggest drop since February, while imports fell by double digits in percentage terms after climbing in July, Chinese customs...

India's stock benchmarks open higher on GST cuts, US rate cut hopes

India's equity benchmarks opened higher on Monday after dismal U.S. labour data increased expectations of a Federal Reserve rate cut, while the Indian government's tax cuts also buoyed sentiment. ...

China August rare earth exports fall 3.4% on month

BEIJING -China's rare earth exports in August fell 3.4% from July, customs data showed on Monday. The world's largest producer of rare earths last month exported 5,792 metric tons of a...

Russia is fully compliant with OPEC+ commitments, Novak says

MOSCOW -Russia is fully compliant with its OPEC+ commitments, Russian Deputy Prime Minister Alexander Novak said on Sunday. Eight OPEC+ members agreed to raise oil production by 137,000...

Gas storage levels in Italy and Europe are good, Italian minister says

CERNOBBIO, Italy -Gas storage levels in Europe are good, Italian Energy Minister Gilberto Pichetto Fratin said on Saturday, adding that his own country was close to the 90% target set by the European...