Analysis: Indices

Johannesburg Stock Exchange CEO Fourie to retire, successor named

JOHANNESBURG -Johannesburg Stock Exchange CEO Leila Fourie is to retire early next year after nearly 6-1/2 years at the helm and will be succeeded by the head of the bourse's capital markets, Valdene...

Eni seeks approval for Sicily biorefinery, recycling plant

MILAN -Eni has started the environmental approval process to transform its industrial site in Priolo, Sicily, into a biorefinery and a chemical recycling plant for plastics, the Italian energy group...

South Africa draws global interest for $500 million funding initiative

JOHANNESBURG -South Africa's National Treasury has attracted over 100 global proposals for its $500 million foreign currency financing initiative as it seeks to diversify its funding sources. ...

Congo to start building gold reserves as price surges, central bank governor says

NAIROBI -The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to...

Gold holds above $4,000 as investors assess Israel-Hamas deal

Gold prices held above the $4,000 level on Thursday, as investors assessed the Israel-Hamas ceasefire deal, while broader geopolitical and economic uncertainty alongside expectations for U.S. rate...

South African rand holds gains from gold rally

JOHANNESBURG -The South African rand firmed on Thursday, retaining recent gains from a gold rally that boosted most emerging market assets. At 1245 GMT, the rand traded at 17.09 against...

Suedzucker reports 82% slump in second quarter earnings amid weak sugar market

HAMBURG -Europe's largest sugar producer Suedzucker reported on Thursday an 82% fall in quarterly operating profit as it continued to face weak EU sugar markets. The German company said...

Metals, IT drive India shares higher; TCS earnings on tap

Indian shares rose on Thursday, with stronger base metals prices boosting metal stocks, while information technology companies ticked higher ahead of the quarterly results of Tata Consultancy...

EU Parliament plans to cut back sustainability law further

BRUSSELS -Lawmaker groups holding a majority in the European Parliament agreed a deal late on Wednesday to make deeper cuts to the EU's corporate sustainability law, lawmakers and officials told...

US postpones Wyoming coal lease sale after disappointing Montana auction

The Trump administration has postponed a scheduled sale of coal leases on federal lands in Wyoming two days after a disappointing auction in Montana, an Interior Department spokesperson said on...

Carney says he had 'meeting of minds' with Trump on steel, aluminum

OTTAWA -Canadian Prime Minister Mark Carney on Wednesday said he had a meeting of minds with U.S. President Donald Trump on the future of the steel and aluminum sectors as well as on energy sector...

Gold shatters $4,000 milestone, silver belts record high as investors rush to safety

Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S....

Ivory Coast traces 40% of cocoa beans as EU delays anti-deforestation law - report

LONDON -Top cocoa producer Ivory Coast was able to trace the origin of nearly half its beans last season as it prepared for the EU's landmark anti-deforestation law, according to a major report on...

Teck Resources cuts copper production guidance at flagship Chilean mine QB

Canadian miner Teck Resources Limited on Wednesday cut the copper production forecast at its flagship Quebrada Blanca mine in Chile through 2028, following a company-wide operations review and its...

TSX futures edge higher as commodities strengthen

Futures linked to Canada's resource-heavy main stock index rose marginally on Wednesday, lifted by strengthening metals and oil prices. December futures on the S&P/TSX index were up...

EU lawmakers push to ban term 'veggie-burger'

BRUSSELS -EU lawmakers voted on Wednesday to ban the use of the term veggie-burger and limit food descriptions such as steak, escalope and sausage to products containing meat, part of a proposed EU...

Gold zooms past $4,000 for first time in historic flight to safety

Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the safe-haven asset to hedge against global economic uncertainty, while also...

India's GIFT City, RBI in talks to enable real-time FX settlement by domestic banks, says official

MUMBAI -The regulator of India's Gujarat International Finance Tech City is in discussions with the country's central bank to allow domestic lenders to instantly settle forex transactions through...

Indonesia on course for B50 biodiesel in 2026 to lessen gasoil imports, minister says

JAKARTA -Indonesia is forging ahead with its plan to make biodiesel containing 50% palm oil-based biofuel, or B50, mandatory in 2026 in a bid to lower gasoil imports, its energy minister said. ...