Analysis: Indices

Record gold prices shift Indian festive demand toward coins over jewellery

MUMBAI -Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival on Saturday, fuelled by hopes that the precious metal's glittering rally would...

Dubai's Emirates NBD to buy 60% stake in India's RBL Bank for $3 billion

MUMBAI/DUBAI -Middle Eastern bank Emirates NBD will buy a 60% stake in Indian private lender RBL Bank for $3 billion, in the largest cross-border acquisition in India's financial sector. ...

EV supply chain data firm Benchmark Mineral trims workforce, sources say

Benchmark Mineral Intelligence, a UK-based pricing and data research firm for energy transition minerals, has cut at least a fifth of its workforce in recent weeks, said three people familiar with...

SPAC backed by Trump Jr., Omeed Malik, Palihapitiya files for $260 million US IPO

Colombier Acquisition Corp. III, a blank-check firm backed by Omeed Malik, filed for an initial public offering in the United States on Friday.  The Palm Beach, Florida-based company...

Greece hopes for more cross-border mergers and acquisitions, finance minister says

WASHINGTON -Europe needs a mindset shift to ensure more cross-border mergers and acquisitions and Greece hopes it can be at the center of some of them, the country's finance minister said, singling...

UBS lifts global equities view to 'attractive' on AI boost

UBS Global Wealth Management upgraded its stance on global equities to attractive, citing expected productivity gains from AI spending and a supportive policy backdrop.Structural trends remain firmly...

High prices, bad quality slow down Ivory Coast cocoa purchases, sources say

ABIDJAN -Cocoa purchases in Ivory Coast have stalled at the start of the 2025/26 season, as a record farmgate price and poor-quality stocks deterred buyers and exporters, industry sources told...

Global equity funds draw fourth weekly inflow on hopes of Fed rate cut

Global equity funds attracted inflows for a fourth straight week through October 15, as dovish comments from U.S. Federal Reserve Chair Jerome Powell reinforced expectations that the central bank...

Finances of Russia's Gazprom are stable, CEO says

MOSCOW -The financial situation at Russia's largest natural gas producer Gazprom is stable, Chief Executive Officer Alexei Miller told Russian state TV on Friday. Gazprom incurred a...

India's Hindustan Zinc posts quarterly profit rise

India's Hindustan Zinc reported a nearly 14% rise in second-quarter profit on Friday, helped by higher commodity prices of zinc and silver and as domestic demand remained resilient. ...

China allows more biofuel firms to export green aviation fuel, sources say

SINGAPORE -China has approved another three biofuel refiners to export sustainable aviation fuel by issuing them quotas, according to trade sources and a Chinese consultancy, a move that could see...

CNPC keeps oil flowing in Niger as negotiations seek to tackle disputes, sources say

China's CNPC has continued to export crude from a newly expanded oilfield in Niger that has generated more than $2 billion in revenue despite disputes with government officials over hiring more local...

India's festive rush pushes gold premiums to over 10-year peak

Physical gold demand in major Asian markets was strong this week, even as prices smashed through multiple record levels with premiums in India reaching their highest level in over a decade ahead of...

Egypt raises domestic fuel prices, freezes them for at least a year

CAIRO -Egypt raised prices on a wide range of fuel products on Friday, the country's official gazette said, marking the second increase this year, in line with government policies to...

South Africa calls for greater ratings transparency at G20 meeting

WASHINGTON/JOHANNESBURG -South African Reserve Bank Governor Lesetja Kganyago said on Thursday that developing nations should be able to challenge ratings agencies' methodologies to ensure greater...

North America's LNG export capacity could more than double by 2029, EIA says

Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day by 2029, the U.S. Energy...

HSBC raises average gold price forecasts for 2025 and 2026

HSBC has raised its 2025 average gold price forecast to $3,355 per ounce from $3,215 due to safe-haven demand driven by geopolitical tensions, economic uncertainty, and a weakening U.S. dollar.  ...

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

DAKAR -Guinea's bauxite exports surged 23% year-on-year in the third quarter, defying heavy rains and regulatory headwinds, official data showed. Shipments of the critical aluminium...

Indonesia considering 1% sustainable aviation fuel blend by 2026, official says

JAKARTA -Indonesia, the world's largest palm oil producer, is considering a plan to require international flights from Jakarta and Bali to use a 1% sustainable aviation fuel blend starting from...