Indices

Why do private gasoline retailers in Indonesia face shortages?

JAKARTA -Indonesia's private fuel retailers are facing gasoline shortages due to a jump in demand as consumers shift away from state-owned Pertamina following concerns over its fuel quality and as...

Banks, metals boost India's equity benchmarks to weekly gains

India's equity benchmarks inched higher on Friday and logged weekly gains, led by banks after the regulator announced a raft of lending reforms and as metals advanced on dollar weakness. ...

Oil posts 8% weekly loss on potential OPEC+ supply additions

HOUSTON -Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ supply. Brent crude futures closed up 42 cents, or 0.7%, at...

TSX rises for fifth straight day as investors look past US 'political noise'

Canada's main stock index rose to another record high on Thursday, led by gains for technology and consumer discretionary shares, as investors looked past the uncertainty around a U.S. government...

Brazil poised to lead global robusta coffee farming on expansion potential, report says

Brazil is positioning itself to overtake Vietnam as the world's largest robusta coffee producer, driven by the crop's climate resilience and growing global demand, according to a report by Dutch bank...

Morocco and EU reach new trade deal including Western Sahara farming products

RABAT -Morocco and the European Union have agreed to introduce origin labeling as an amendment to their agricultural deal, ensuring that products from Western Sahara receive the same preferential...

Argentina's bonds rise in wobbly session as investors eye US support pledge

NEW YORK/LONDON -Argentina's international dollar bonds rose in a volatile session on Thursday after U.S. Treasury Secretary Scott Bessent said the U.S. is not putting money into Argentina shortly...

Milan Stock Exchange Edges Up on Tech Optimism, US Rate Hopes, Strong Stellantis, Fincantieri Soars

Piazza Affari continues its session with a slight uptick, buoyed by the positive tone of global equity markets, as highlighted by the performance of US futures. Investor sentiment is being lifted by...

Oil falls 2% to four-month lows on oversupply concerns

NEW YORK -Oil prices settled down about 2% at the lowest in four months on Thursday, extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting...

Argentina's Milei says US aid talks include debt purchases, profit-sharing

BUENOS AIRES -Argentina's President Javier Milei said proposed U.S. financial support for Argentina could include purchases of the country's debt in the secondary market and a profit-sharing...

GRAPHIC-Gold blazes past $3,800 on record run as silver nears fresh peak

Gold scored another record high on Wednesday, taking this year's gains to 47% on mounting expectations for further cuts to U.S. interest rates, safe-haven demand and a weakening dollar.  ...

European oil refineries bet on green projects to secure long-term future

LONDON -European oil refineries are having to invest in energy transition projects as modern and more complex competitors in Asia, the Middle East and Africa have prompted plant closures in Europe,...

Russia's western port oil exports up 25% after drone attacks

MOSCOW -Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more...

Rick Perry's Fermi cashes in on AI frenzy, valued at $15 billion in Nasdaq debut

Fermi's shares opened 19% above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI...

Brazil's Jacu bird poo-poos US tariffs as specialty coffee sector suffers

DOMINGOS MARTINS, Brazil -Brazil's coffee sector is going through a stinky time amid punitive U.S. tariffs but a specialty coffee that passes through the digestive tract of the exotic Jacu bird is...

India's cabinet approves $9.5 billion price support package for winter crops

MUMBAI -India's cabinet has approved spending 842.63 billion rupees towards providing minimum support prices for crops in the next winter season, Information Minister Ashwini Vaishnaw said on...

South Africa tax agency falling short on extra collections ambition

JOHANNESBURG -South Africa's tax authority is lagging behind projections required to secure an additional 35 billion rand in revenue, data from the National Treasury revealed, though it is on track...

African exports face immediate damage from lapse of US trade initiative

NAIROBI/JOHANNESBURG -The lapse of a flagship U.S. trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk,...

South Africa's Capitec Bank reports 26% rise in half-year profit

JOHANNESBURG -South African lender Capitec Bank reported on Wednesday a 26% rise in half-year profit. It said its headline earnings per share, a key profit measure in South Africa, rose...