Indices

IBEX 35 Slips After Latest U.S. Tariff Update

The Spanish stock index IBEX 35 started August in the red on Friday, following U.S. President Donald Trump's decision to impose heavy tariffs on exports from dozens of trade partners, including...

South Africa plans measures to support exporters hit by Trump tariffs

JOHANNESBURG -South Africa said on Friday it would draft measures to support exporters hit by U.S. President Donald Trump's new 30% tariff, which is expected to trigger widespread job losses in the...

Gold demand in key Asian hubs improves amid price correction

Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot gold hit its...

Hindustan Unilever hits nine-month high on gradual earnings recovery hopes

India's Hindustan Unilever extended gains on Friday to climb as much as 8%, hitting a nine-month high, after it reported a higher first-quarter profit, with growth in revenue and sales volume...

Sempra, Japan's JERA enter into 20-year LNG supply deal

Sempra Infrastructure, a unit of U.S. energy company Sempra, will supply 1.5 million tonnes of liquefied natural gas per year to Japan's biggest power generator JERA in a 20-year deal, it said on...

South African central bank lowers inflation goal without minister's sign-off

PRETORIA -South Africa's central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the finance minister not yet signing off on a formal target change, as it lowered its main...

Zimbabwe on track for 6% growth as economy recovers from drought

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday. ...

What impact will US plans to restrict copper scrap exports have?

LONDON -The United States is planning to restrict scrap copper exports from 2027, requiring that at least 25% of so-called high-quality scrap be retained for domestic use. In the...

S&P 500: Up sharply thanks to Microsoft and Meta

After closing down 0.12% at 6,362 points yesterday, following the Fed's decision to keep rates unchanged and a lack of clarity on the September decision, the S&P 500 index is currently up 0.9% in...

EU considers pooling demand from companies to buy more US gas

BRUSSELS -The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per...

South Africa readying last-minute trade offer to avoid US tariff

JOHANNESBURG -South Africa is preparing a last-minute enhanced trade proposal at the urging of U.S. officials in hopes of avoiding a 30% tariff which kicks in on Friday, its trade minister said on...

Indian miner Vedanta misses quarterly profit estimates on weak aluminium prices

Indian metals-to-oil conglomerate Vedanta missed quarterly profit estimates on Thursday, as lower aluminium and copper prices and higher tax expenses overshadowed the impact of strong local demand. ...

Vodacom wins appeal in 17-year compensation case

JOHANNESBURG -South African telecoms operator Vodacom won a partial court victory on Thursday in a 17-year legal battle over compensation potentially worth millions of dollars claimed by an...

Meta and Microsoft lift German stocks higher - BMW in decline

Surprisingly strong figures from US technology giants Meta and Microsoft have lifted the German stock market into positive territory. The DAX opened just under one percent higher at 24,340.21 points...

IBEX 35 Rises After Fed Verdict Amid Tariff Moves and Corporate Earnings

The Spanish stock index IBEX 35 climbed 1% at Thursday's open, buoyed by a string of corporate earnings results in Europe and the United States. Investors are also digesting interest rate decisions...

CAC 40: Volatility persists as results come in

The finalization of trade agreements introducing tariffs and generally positive results are enabling indices to continue their upward trend over the summer. Europe is struggling to pick up speed for...

ArcelorMittal South Africa says on course to close long steel plants in September

ArcelorMittal South Africa said on Thursday it is still on track to close its loss-making long steel operations in September, as talks with the government have not provided a solution. ...

South Africa's Woolworths flags 29% decline in annual profit

JOHANNESBURG -South African fashion retailer Woolworths expects an up to 29% decline in full-year headline earnings, due to the weaker-than expected performance of its Australian clothing chain...

Global power grid expansion fuels fresh copper demand surge

Copper demand is rising faster than the industry anticipated, driven by billions of dollars being invested worldwide to modernise and expand power grids for the digital and clean energy revolutions...