Indices

Canada's trade deficit in July narrows as exports to the US rise

OTTAWA -Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States,...

Goldman Sachs sees gold prices surpassing  $4,000 if investors ramp up buying

Goldman Sachs said gold prices could surge well above its $4,000 per troy ounce baseline by mid-2026, should private investors diversify more heavily into the metal. Spot gold prices...

Figma shares slump as earnings miss lofty post-IPO expectations

Figma shares plunged 19% on Thursday as a slight beat in its first earnings report following its blockbuster July market debut unnerved investors, with a looming share unlock further weighing on...

Foreign outflows in Indian financials hit 7-month high in August

Foreign portfolio investors sold 232.9 billion rupees of Indian financial stocks in August, the highest monthly outflow in seven months, data from National Securities Depository showed on Thursday....

Car manufacturer Porsche drops out of the DAX – a symbol of industrial weakness

Stuttgart-based sports car manufacturer Porsche AG is leaving the German benchmark index DAX just under three years after its IPO. Experts say this is a symbolic decision, as the carmaker's removal...

Porsche CEO says aim is to return to DAX as soon as possible

BERLIN -Porsche CEO Oliver Blume expressed confidence in the value of the company's shares on Thursday and said the luxury sportscar maker aims to return to Germany's DAX as soon as possible after it...

South Africa's sugar farmers face 'double whammy' from Trump tariffs, cheap imports

KWADUKUZA, South Africa -Nkosinathi Msweli's sugar cane farm in KwaDukuza - a rural, largely poor region on South Africa's eastern coast - has for three decades been a solid, albeit small, economic...

UK's Anglo American sells Valterra Platinum stake for $2.5 billion

Global miner Anglo American on Thursday said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum, its former subsidiary. Anglo has been...

Shares of Chinese AI chipmaker Cambricon tumble on profit-booking

SHANGHAI -Chinese AI chipmaker Cambricon Technologies slipped in morning trade on Thursday, as investors booked profits after a meteoric August rally fuelled concerns of rebalancing by index-tracking...

Nasdaq unveils new listing rules to clamp down on stock manipulation, Chinese firms

NEW YORK -Exchange operator Nasdaq is introducing stricter listing standards including a higher minimum public float for some new listings and a faster process to delist thinly traded companies, part...

Asia markets perk up as Fed comments, jobs data point to rate cuts

SINGAPORE -Asian stocks were mostly higher on Thursday as dovish comments from Federal Reserve officials and a smooth auction of Japanese super-long debt eased investor jitters in bond markets. ...

California lawmakers vote to allow sale of higher-ethanol fuel

California lawmakers on Wednesday voted to allow the sale of a higher-ethanol gasoline blend that could help bring down fuel prices in the largest U.S. auto market. The sale of E15, a...

ADM targets $200 million to $300 million in costs cuts in 2025, says CEO Juan Luciano

Grain trader Archer-Daniels-Midland's CEO Juan Luciano said on Wednesday that the company is on track to achieve about $200 million to $300 million in cost reductions this year. ADM has...

World Gold Council launches digital gold initiative with Linklaters, Hilltop Walk

The World Gold Council in collaboration with law firm Linklaters and consultancy firm Hilltop Walk Consulting has announced a new framework to modernize the global gold market. The...

Copper miner Teck defers major project approvals amid operations review

Canadian miner Teck Resources announced on Wednesday that it has undertaken a company-wide operations review and would defer approving major growth projects until its Quebrada Blanca copper mine in...

S.African business confidence slips further in third quarter amid tariff pressure, survey shows

South African business confidence slipped a point further sequentially in the third quarter of 2025, weighed down by hefty U.S. tariffs on the country's exports, a survey showed on Wednesday. ...

HSBC lifts S&P 500 year-end target on strong tech earnings

HSBC raised its year-end S&P 500 forecast to 6,500 from 6,400, citing stronger-than-expected Q2 earnings and resilient macro conditions, with tech and financials driving momentum. ...

South Africa's Aspen aims for profit turnaround with insulin, GLP-1 drugs

JOHANNESBURG -Aspen Pharmacare's manufacturing division aims to grow profit by 2027 by commercializing an insulin deal and producing GLP-1 drugs, after the ending of a major contract led to a...

Exclusive-Britain's FCA asks Mercuria about its LME aluminium holding

LONDON -Britain's financial watchdog has approached commodity trader Mercuria inquiring about its large London Metal Exchange aluminium holding, which has distorted prices for contracts with short...