Indices

EM central banks plough on with easing in July as major peers linger

LONDON -Emerging market central banks implemented their largest rate-cutting push in years in July, while their developed market counterparts held steady as uncertainty over U.S. trade and tariff...

Price rise dulls activity in top Asian hubs

Physical gold demand in key Asian hubs slipped this week as a rise in prices weighed on buying interest, while higher rates encouraged some to cash in on their holdings. Buyers aren't...

SoftBank shares hit record high on AI prospects

TOKYO -Shares in SoftBank Group jumped more than 13% to a record high on Friday in a show of investor support for the Japanese technology investor's AI push after first quarter profit beat...

Heartflow raises $316.7 million in US IPO as medtech listings attempt comeback

Medical technology firm Heartflow said on Thursday it had raised $316.7 million in its U.S. initial public offering, setting the stage for its Nasdaq debut in another test of investor appetite for...

Russia's Gazprom denounces Moldova move to alter gas supply system

Russian gas giant Gazprom on Thursday denounced a move by Moldova's gas authority to withdraw the licence from its local subsidiary for distributing gas, saying the move damaged its affiliate and...

Nutrien expects more fertilizer use by farmers despite low crop prices

WINNIPEG, Manitoba -Nutrien, the world's top potash producer, expects increased fertilizer use by North American farmers this autumn and a healthy global potash market in 2026 despite some crop...

South Africa looks to join international diamond marketing push

JOHANNESBURG -South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by...

Targa Resources beats profit estimates on record gas volumes, boosts share buyback program

Pipeline operator Targa Resources beat second-quarter adjusted core profit estimates, driven by record-high volumes of natural gas and natural gas liquids transported through its system. ...

Exclusive-Angola gets back $200 million collateral from JPMorgan after bond rebound

LUANDA -Angola got back $200 million of collateral in May that it had to post to JPMorgan earlier in the year, the finance ministry said, after the price of its bond rebounded, easing pressure on its...

Trump's higher tariffs hit major US trading partners, sparking defiance and concern

U.S. President Donald Trump's higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a century and leaving major trade...

US cattle ranchers slowly start to rebuild decimated herd

August 7 -Nebraska cattle rancher Craig Uden bought 200 extra mother cows and their babies over a few weeks in May to expand his herd as dry weather gave way to rain that rejuvenated land used for...

Safe-haven gold touches 2-week peak on trade tensions, rate cut hopes

Gold rose to an over two-week high on Thursday, buoyed by safe haven demand after U.S. President Donald Trump's tariffs went into effect and U.S. jobs data added to rate-cut expectations. ...

Chinese bank lending likely plunged in July as seasonal factors outweigh policy support

BEIJING -New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps...

China rare earth exports slid in July after hitting peak in prior month

BEIJING -Rare earth exports from China slumped 23% in July after hitting a record a month earlier, customs data showed on Thursday, although the preliminary data is too incomplete to draw firm...

China's Alibaba to exit India's Eternal via block deal, CNBC-Awaaz reports

China's Alibaba Group is likely to exit India's Eternal in a block deal valued at 53.75 billion rupees , CNBC-Awaaz reported on Wednesday, citing sources. Alibaba's unit Antfin...

Switzerland facing 39% US tariff as president leaves Washington empty-handed

WASHINGTON/ZURICH -Swiss President Karin Keller-Sutter left Washington empty-handed on Wednesday after a hastily arranged trip to avert a crippling 39% tariff on the country's exports to the United...

Thomson Reuters reports higher second-quarter revenue, AI helps drive growth

NEW YORK -Thomson Reuters reported higher revenue for the second quarter, during which it launched new AI features in its tax and accounting and legal divisions. The Toronto-based...

Blowout South Korea stock rally on a knife-edge over tax plans

SINGAPORE -South Korea's tax policies have thrown the outlook for Asia's best-performing major stock market into doubt, with investors assessing the impact of higher corporate tax and trading levies...

Coca-Cola Europacific Partners tempers annual revenue forecast on Indonesia weakness

Coca-Cola Europacific Partners tempered its annual revenue forecast on Wednesday, citing softer demand in Indonesia due to geopolitical tensions in the Middle East and a challenging macroeconomic...