Indices

Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility

LONDON -Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of U.S. supplies, in a move that could increase...

Cold weather and scant rains worry Ivory Coast cocoa farmers

ABIDJAN -A persistent cold spell across most of Ivory Coast's cocoa-growing regions could jeopardize the development of the next October-to-March main crop, farmers warned on Monday, saying...

Gold Fields expects bumper profit as gold price, volumes surge

South Africa's Gold Fields expects its half-year profit to rise by as much as 236%, it said on Monday, on the back of higher gold production and record high bullion prices. In a trading...

Gold extends gains on US rate cut expectations

Gold prices rose for a third straight session on Monday after last week's economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.3% to...

South Africa outlines support measures in response to US tariffs

JOHANNESBURG -South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial...

Malaysia's end-July palm oil stocks to hit near two-year high

KUALA LUMPUR -Malaysia's palm oil inventories are forecast to rise for a fifth consecutive month in July to reach their highest level in almost two years, as production growth outpaced exports, a...

Old trees and ageing farmers worsen outlook for top palm oil exporters

PONTIAN, Malaysia -Malaysian farmer Suratmen Mosman faces a dilemma that threatens to sap supply from the world's top palm oil exporters and drive up prices of the vegetable oil essential to billions...

Australia's Santos commits Narrabri gas for domestic supply in deal with ENGIE

Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely...

Kering in talks with Qatar for sale of Milan building, Corriere says

ROME -Gucci-owner Kering is in talks with a member of the Qatari royal family for the sale of a building in Milan's top shopping avenue, Italian daily Corriere della Sera reported on Saturday. ...

Construction costs rise at Canada's Woodfibre LNG project

CALGARY -Construction costs at Canada's Woodfibre LNG project have increased, driving up capital costs for all partners involved, Canadian pipeline company Enbridge reported on Friday.  ...

Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn

NEW YORK -The Trump administration's push to discourage the use of foreign feedstocks in domestic biodiesel could lead to higher energy prices for U.S. consumers and restricted domestic production,...

Trump's 50% Brazil coffee tariff expected to rejig trade, send more beans to China

NEW YORK -The Trump administration's steep import tariff on Brazilian coffee looks set to reshuffle trade routes for beans from the world's top grower and exporter, benefiting China and incentivizing...

Markets dive after Trump hits more countries with steep tariffs

ZURICH/WASHINGTON -U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling...

Bain Capital-backed Heartflow eyes $1.32 billion valuation as medtech IPOs rebound

Medical technology company Heartflow said on Friday it was targeting a valuation of up to $1.32 billion in its U.S. initial public offering, more than three years after its previous attempt to go...

South African finance minister not planning to lower inflation target yet

JOHANNESBURG -South Africa's Finance Minister Enoch Godongwana said on Friday that an expectation had been created that he would announce a lower inflation target for the central bank at the mid-term...

S&P 500: Weekend in the red ahead of the NFP

Despite strong performances from Microsoft and Meta yesterday, the S&P 500 index ended down 0.37% at 6,339 points amid caution ahead of the monthly US jobs report.The US index is currently down 0.8%...

TSX posts biggest decline since April as US jobs data spooks investors

TORONTO -Canada's main stock index fell for a third straight day on Friday as investors weighed disappointing U.S. jobs data and an escalation in the U.S. trade war with Canada. The...

AngloGold Ashanti raises dividend after 151% jump in second-quarter profit

AngloGold Ashanti's second-quarter profit jumped 151% on record gold prices and increased output, allowing the company to bump up its quarterly dividend, it said on Friday. The gold...

South Africa factory mood lifts in July, Absa PMI shows

JOHANNESBURG -South African manufacturing sentiment improved in July, a survey showed on Friday, pointing to improved business conditions in the sector for the first time in nine months. ...