Indices

Indian benchmarks snap losing run on cenbank lending boost

India's stock benchmarks snapped their longest losing streak in seven months on Wednesday, bolstered by gains in banking stocks after the central bank eased rules for lending to capital markets and...

Kenya's economy grows 5% in second quarter of 2025

NAIROBI -Kenya's economy grew 5.0% year-on-year in the second quarter of 2025, up from 4.6% in the same quarter last year, the statistics office said on Tuesday. The growth mainly came...

South Africa's utility Eskom makes first profit in eight years

JOHANNESBURG -South Africa's utility Eskom reported its first full-year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts. ...

TSX opens lower as commodity stocks weigh, US government shutdown draws near

Canada's main stock index opened lower on Tuesday, led by declines in energy and material shares, while investors weighed the implications of a potential U.S. government shutdown that could disrupt...

Wall St opens lower on last day of quarter as government shutdown looms

Wall Street's main indexes opened lower on Tuesday, the final day of the third quarter, as investors fretted over likely delays in the release of key economic data due to a potential U.S. government...

OPEC+ mulls speeding up oil output hikes again, sources say

LONDON -OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to regain market...

AI chip firm Cerebras raises $1.1 billion, adds Trump-linked 1789 Capital as investor

SAN FRANCISCO -Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital,...

India's trade pact with EFTA bloc to take effect from Wednesday

NEW DELHI -India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting...

After lull, Wall Street eyes volatility pickup as risks build

NEW YORK -Wall Street is set to close one of its calmest quarters in nearly six years, and the lull after a volatile start to 2025 has many market participants increasingly alert for renewed market...

Thai gold industry opposes tax on trading amid currency rally

BANGKOK -Thailand's gold trade is pushing back against central bank plans for a tax aimed at curbing a currency rally, warning the measure would hammer businesses and undermine the Southeast Asian...

South Africa records large FDI outflows in Q2 as Anglo spins off platinum unit

JOHANNESBURG -South Africa recorded foreign direct investment outflows of 73.5 billion rand in the second quarter of 2025, compared to inflows of 11.7 billion rand in the first quarter, central bank...

LNG is Shell's top contribution to energy industry over next decade, CEO says

NEW YORK -Liquefied natural gas will be European oil major Shell's biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil...

More people cutting coffee consumption in 2nd-largest market Brazil, study shows

SAO PAULO, Sep 29 -More Brazilians have reduced their coffee consumption, according to a bi-annual study carried out with over 4,000 people in Latin America's largest economy reported on Monday. ...

South Korea's booming used car exports cushion impact of US tariffs

INCHEON, South Korea -From the muddy grounds of a former amusement park on South Korea's coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help...

Goldman Sachs upgrades global equities on growth optimism, policy support

Goldman Sachs on Monday upgraded its stance on global equities to overweight from neutral over the three-month horizon, citing improving economic momentum across regions, attractive valuations and...

Electric aircraft maker Beta Technologies files for US IPO

Electric aircraft maker Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity...

US expands export blacklist in crackdown on Chinese subsidiaries

The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to circumvent export curbs on chipmaking equipment and other goods and...

Hedge funds log biggest weekly selloff in over 5 months in Asia EM stocks, Goldman says

HONG KONG -Global hedge funds recorded their largest weekly selloff in emerging Asia equities in more than five months last week, ahead of a major holiday season, according to a client note from...

Under Trump, US cedes its share of China's beef market to Australia

CANBERRA/CHICAGO -Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years...