Indices

Hong Kong Monetary Authority says outlook for local currency uncertain

HONG KONG -The Hong Kong Monetary Authority said on Thursday the outlook for the direction of the Hong Kong dollar and for interbank rates remains uncertain due to carry trades and other factors. ...

Slide valued at over $2.6 billion in debut after biggest insurance IPO of the year

Slide Insurance secured a valuation of $2.62 billion after its shares gained nearly 24% in their Nasdaq debut on Wednesday after closing the biggest insurance listing this year, as public markets...

Canada could produce first LNG by this weekend, sources say

HOUSTON -Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant...

Exclusive-Indian refiners cancel palm oil orders for July-Sept as prices surge

MUMBAI -Indian refiners cancelled orders for 65,000 metric tons of crude palm oil scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade...

Egyptair orders six additional Airbus A350 aircraft

Egyptair ordered six additional Airbus A350-900 airplanes, taking the airline's total order for the type to 16, its chief executive said on Wednesday. It will enable us to meet rising...

HSBC names Asia veteran Christopher Chua global M&A head

HONG KONG -Europe's biggest bank HSBC appointed Christopher Chua head of mergers and acquisitions on Wednesday, after its former global head left for JPMorgan last month. Chua, who was...

South African inflation steady as central bank pushes for lower target

JOHANNESBURG -South Africa's inflation rate was steady in May, staying below the central bank's 3% to 6% target range as it pushes for the target to be lowered. Headline consumer...

IBEX 35 Struggles to Find Momentum Ahead of Fed Decision

After shedding nearly 1.5% the previous day, investors in Spain's IBEX 35 index saw little reason for a rebound, as the conflict between Israel and Iran raged on and the United States Federal Reserve...

Caris Life raises $494 million in US IPO

Caris Life Sciences raised $494.1 million in its Nasdaq initial public offering, the cancer diagnostic firm said on Tuesday, amid a rebound in the IPO market. Investors have shown...

Equities flatten, oil rises after Fed holds rates and Mideast conflict rages on

NEW YORK -Major Wall Street indexes ended a choppy trading session little changed after the U.S. central bank held interest rates steady on Wednesday, while the six-day-old Israel-Iran air war kept...

Exclusive-Unilever proposes Peter ter Kulve as CEO of ice cream spin-off

NEW YORK/LONDON -Unilever has named its preferred candidate to lead the group's soon-to-be listed ice cream division, proposing executive Peter ter Kulve, who has previously faced criticism from the...

Weak US retail sales, manufacturing output point to softening economy

WASHINGTON -U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer...

Milan Stock Exchange Extends Losses Amid Banking Sector Slump and Middle East Tensions; Energy Stocks Rally

Piazza Affari deepened its losses as the opening of Wall Street approached, with futures pointing to a weaker start across the Atlantic. International markets remain jittery due to escalating tensions...

Mali starts construction of Russia-backed gold refinery

BAMAKO -Mali began construction of a new Russia-backed gold refinery on Monday, which the West African country's military leader said would take it closer to asserting control over its natural...

Germany not planning strategic gas reserve, economy ministry says

FRANKFURT -Germany is not planning to set up a national gas reserve as its recent legislation changing required filling levels for the coming winters will encourage the private sector to ensure...

Israel-Iran conflict will spur Russia-China gas deal, Russian adviser says

MOSCOW -Rising tensions in the Middle East will accelerate natural gas negotiations between Russia and China, with a decision likely this year, the head of a think-tank that advises the Russian...

Citi sees gold below $3,000 after Q3 2025 on weak demand, growth optimism

Citi lowered its short-term and long-term price targets for gold, projecting prices could drop below $3,000 per ounce by late 2025 or early 2026, driven by declining investment demand and an...

Autodoc Targets Up to €2.4 Billion Valuation in IPO

Berlin-based auto parts retailer Autodoc is aiming for a valuation of up to €2.4 billion in its upcoming initial public offering. The company announced on Tuesday a price range of €58 to €61 per...

Afrexim increasingly likely to take hit on loans, says JPMorgan

LONDON -The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, a development that could prompt ratings agency Fitch to lower the lender's rating...