Indices

Indonesia palm oil exports to US may fall due to tariffs, industry group says

JAKARTA -Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian goods, allowing competitors in Malaysia to gain market share, an industry official...

European shares rise on energy, healthcare boost; tariff uncertainty lingers

European shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of U.S. President Donald Trump's tariff rollouts, which included a new...

IBEX Holds Above 14,000 Amid Ongoing Trade Uncertainty

The IBEX 35 posted a modest gain at Tuesday's open, consolidating above the 14,000-point mark reclaimed the previous day, as markets remained cautious in the face of a complex trade outlook driven by...

South African rand steady on hopes for further trade talks with the US

JOHANNESBURG -The South African rand was steady on Tuesday, buoyed by hopes the country could still salvage a less damaging trade deal with the United States after President Donald Trump extended a...

Southeast Asia, spooked by Trump tariffs, presses for more talks

BANGKOK/JAKARTA -Southeast Asia's biggest economies prepared on Tuesday to step up trade negotiations with Washington after it hit them with steep tariffs, despite a last-ditch flurry of offers to...

Novartis wins approval for first malaria drug for newborns and babies

ZURICH -Novartis said on Tuesday it had received approval in Switzerland for Coartem Baby, which it said was the first drug to treat malaria in babies and very young children. Eight...

Tariff deja vu takes hold

A look at the day ahead in European and global markets from Rocky Swift U.S. President Donald Trump's assertion that his latest tariff deadline was firm, but not 100% firm was all Asian...

Oil edges up to two-week high on lower US output forecast, renewed Red Sea attacks

NEW YORK -Oil prices edged up to a two-week high on Tuesday on forecasts for less U.S. oil production, renewed Houthi attacks on shipping in the Red Sea, worries about U.S. tariffs on copper and...

EU avoids US tariff letter, eyes concessions, EU sources say

BRUSSELS -The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions...

Mexico to open sterile fly plant to combat screwworm in 2026

MEXICO CITY -Mexico's government said on Monday that it has started to build a $51 million facility in the country's south as part of an effort to combat screwworm, a pest that has disrupted Mexican...

Royal Gold to acquire Canada's Sandstorm Gold for $3.5 billion

Royal Gold said on Monday it will acquire Canadian peer Sandstorm Gold for about $3.5 billion, helping the royalty firm strengthen its position in North America at a time when bullion has soared to...

BP appoints former Shell CFO to its board

BP on Monday appointed Simon Henry, former finance chief of Shell, to its board as a non-executive director effective September 1. Henry, who worked at Shell for over three decades,...

Milan Stock Exchange Edges Up on Financials Amid Uncertainty Over U.S. Tariffs

Piazza Affari posted modest gains at midday, buoyed by financial stocks whose significant weighting on the index helped offset weakness in oil and automotive shares. Against a backdrop of general...

India's fuel demand fell 4.7% month on month in June

India's fuel consumption in June fell by 4.7% month on month to 20.31 million metric tons, oil ministry data showed on Monday. WHY IT'S IMPORTANT India is the world's...

Petronas ships its first LNG cargo to Japan from its new facility in Canada

KUALA LUMPUR -Malaysia's state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas cargo to Japan from its newly operational LNG facility in Kitimat,...

MOVES-Barclays names Khaled El Dabag and Walid Mezher co-CEOs for Middle East

DUBAI -Barclays has appointed Khaled El Dabag and Walid Mezher as co-CEOs for the Middle East region, it said in a statement on Monday. The two executives will be based in Dubai and...

South African rand slumps after Trump's tariff threat on BRICS-aligned countries

JOHANNESBURG -South Africa's rand fell on Monday as markets reacted to U.S. President Donald Trump's threat to impose additional tariffs on BRICS-aligned countries, while also awaiting updates on...

Trade Uncertainty Keeps IBEX Below 14,000 Points

The IBEX 35 remained in a holding pattern on Monday as investors awaited concrete developments on the trade front, amid mixed signals from U.S. President Donald Trump regarding tariffs, which have...

Putin says that globalisation is obsolete and the future belongs to emerging markets

MOSCOW -Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalisation was obsolete and that the future belonged to swiftly growing emerging markets which should...