Analysis: Indices

Stocks churn as traders assess Fed outlook following rate cut

Global stock markets were choppy on Thursday after the Federal Reserve delivered its first rate cut this year but signalled a measured approach to further monetary policy easing, leaving investors...

Ghana central bank sets prime interest rate at 21.50%

DAKAR -Ghana's central bank cut its main interest rate GHCBIR=ECI by 350 basis points to 21.5% in a decision announced on Wednesday. ...

South African court annuls permit for Eskom to build new gas power plant

CAPE TOWN -One of South Africa's top courts on Wednesday annulled a government permit allowing state utility Eskom to build a large power plant burning natural gas, saying there had not been proper...

Rwanda's economic growth slows in Q2 2025

KIGALI -Rwanda's economic growth slowed in the second quarter of this year because of weaker performance in industry and services, the statistics office said on Wednesday. Economic...

India's rice stocks hit record, wheat at four-year high

MUMBAI -India's rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early September, while wheat inventories reached a four-year peak on stronger buying...

Ukraine, US launch fund for critical minerals projects with $150 million investment

Ukraine and the U.S. International Development Finance Corporation will each commit $75 million to a joint investment fund that is part of Kyiv's minerals deal with Washington first signed in April,...

South African retail sales rise 5.6% year on year in July

JOHANNESBURG -South African retail sales rose 5.6% year on year in July after rising by a revised 1.7% in June, Statistics South Africa figures showed on Wednesday. Seasonally adjusted...

EU eyes deeper India alliance despite concern over Moscow ties

The European Commission set out plans on Wednesday to deepen cooperation with India in fields such as defence, technology and trade, despite tensions over New Delhi's close ties to Moscow. ...

Record gold prices in India fail to unlock scrap supply

NEW DELHI -Supplies of used gold jewellery and coins, typically released when investors book profits, have been scarce in India, as many expect bullion prices to continue climbing even after reaching...

US approves $130 million project to build power line in Moldova

The U.S. has approved a $130 million project to construct a high voltage transmission line to ensure a reliable electricity supply to Moldova from European markets, the U.S. embassy in Moldova said...

India's Urban Company soars 74% in trading debut, hits about $3 billion valuation

Urban Company's shares surged 74% in their trading debut on Wednesday, notching a $3 billion valuation, after one of 2025's most-heavily subscribed IPOs signalled investor confidence in its dominance...

Zimbabwe agrees $455 million power plant refurbishment deal with Jindal

HARARE -Zimbabwe has agreed a $455 million, 15-year concession deal with the Africa-focused unit of India's Jindal Steel for the refurbishment of a 920 megawatt coal-fired power plant, the energy...

Chevron, Israeli pipeline operator to kickstart new gas pipeline to Egypt

LONDON -Chevron signed a deal with Israel's state-owned pipeline operator to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gasfield to Egypt, the...

Black pod disease devastates cocoa farms in southwest Cameroon

YAOUNDE -Black pod disease is ravaging cocoa plantations in Cameroon's Southwest region, one of the country's top cocoa belts, driven by weeks of heavy rains and a surge in counterfeit agrochemicals,...

Canada industry minister to meet CEOs of Teck and Anglo American

Canadian Industry Minister Melanie Joly on Tuesday said she would be meeting the CEOs of Anglo American and Teck Resources next week to discuss their proposed merger. There have been...

Canada's annual inflation rises less than expected in August

Canada's annual inflation rate rose 1.9% in August as gasoline prices on a yearly basis fell at a slower pace than in the previous month and food prices were up slightly, data showed on Tuesday. ...

Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation

Cybersecurity firm Netskope is now aiming for a valuation of up to $7.26 billion in its U.S. initial public offering after raising the proposed price range, it said on Tuesday, underscoring investor...

India's silver imports to gain momentum from strong investment demand

NEW DELHI -India's silver imports are expected to gather momentum in the coming months, supported by stronger investment and industrial demand that has already absorbed the surplus from last year's...

India's Vedanta to keep coal as base energy source amid clean energy push

Indian mining and metals conglomerate Vedanta Ltd will continue to rely on coal as its primary energy source for mining operations, while aiming to increase the share of renewable sources in its...