Indices

Oil settles down; build in US fuel inventories offsets signs demand growing

HOUSTON -Oil prices settled marginally lower on Wednesday as U.S. fuel inventory builds and concerns about wider economic impact from U.S. tariffs outweighed some signs of increasing demand. ...

Canada's Aura Minerals plans to raise over $196 million in US IPO

Canadian gold and copper miner Aura Minerals said on Tuesday it plans to raise about $196.4 million from its U.S. initial public offering. The company had said last week that it was...

Traders rush to land Brazilian coffee in the US before Trump's 50% tariff

NEW YORK -Commodities traders are racing against time to unload as much Brazilian coffee as possible in the United States before Trump's new 50% tariff on Brazilian products is implemented on August...

UK's BAE Systems confident on winning new Typhoon orders

Warton, ENGLAND -British defence company BAE Systems is confident on winning new orders for Typhoon military jets from countries such as Qatar, Saudi Arabia and Turkey, its European air sector boss...

Ghana's cocoa regulator warns of production drop amid heavy rains

ACCRA -Ghana's cocoa regulator said on Tuesday that increased disease incidence caused by prolonged rainfall and not enough sunlight could lead to moderate production decline, after farmers called...

Canada May factory sales down 0.9% on petroleum, machinery

Canadian factory sales fell by 0.9% in May from April on lower sales of petroleum and coal as several refineries were shut down, as well as machinery, Statistics Canada said on Tuesday. This was the...

OPEC says world economy may do better in second half of year

LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to meet the uptick in...

World risks up to $39 trillion in economic losses from vanishing wetlands, report says

NAIROBI -The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the...

Societe Generale agrees to sell local unit to State of Cameroon

Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday. The sale of Societe Generale...

India in talks with Chile, Peru to source critical minerals, source says

NEW DELHI -India is holding talks with Chile and Peru to source critical minerals under ongoing free trade pact negotiations, a trade ministry source said on Tuesday. Reliant on...

Singapore's NTT DC REIT holds steady after modest IPO debut

SINGAPORE -Shares of NTT DC REIT, a data centre real estate investment trust, were steady in its first full trading session on Tuesday, a day after making a modest debut that sparked optimism for...

EU wants farming subsidy cap in budget overhaul, draft shows

BRUSSELS -Brussels is set to propose capping the EU subsidies a single farmer can receive each year, in an attempt to redistribute the bloc's massive farming subsidies in favour of smaller...

Milan stock exchange cancels decline after Trump's tariff announcement, thanks to banks, luxury goods down

On the Italian stock market, indices almost entirely erased the losses of the first part of the session thanks to the recovery of banks, which have a significant weight on the Milan stock...

Russian court hands US-owned food company's assets to the state

A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, following a months-long legal...

South African car exports to U.S. plunge as Trump tariffs bite

JOHANNESBURG -South African car exports to the United States dropped sharply in the first quarter of 2025, and tumbled more than 80% in April and May after import tariffs imposed by U.S. President...

Italy's Chianti wine makers eye South America, Asia amid Trump tariff threat

Producers of Italy's renowned Chianti wine have demanded a new export strategy backed by the EU targeting markets such as South America, Asia and Africa following U.S. President Donald Trump's threat...

European shares end lower as Trump's tariff threats keep markets on edge

European shares ended slightly lower on Monday, with tariff-sensitive auto stocks down after U.S. President Donald Trump's latest threat to impose steep tariffs on the European Union, though gains in...

IBEX 35 Opens Lower Following US Tariff Threats

The Spanish stock index IBEX 35 opened the week in negative territory, weighed down by threats from US President Donald Trump to impose a 30% tariff on imports from two of the United States'...

RBC lifts S&P 500 year-end price target to 6,250

RBC Capital Markets on Sunday raised its S&P 500 index year-end target to 6,250 from 5,730, its second hike this year, citing stronger investor sentiment and growing focus on 2026 economic...