Indices

Deutsche ReGas secures LNG regasification deals with BASF, Equinor

BERLIN -Deutsche ReGas on Wednesday said it had signed long-term agreements with German chemical producer BASF and Norway's energy major Equinor for liquefied natural gas regasification capacity at...

Kenya's private sector activity contracts at slower pace in August, PMI survey shows

NAIROBI -Kenya's private sector activity contracted in August but at a slower pace than the previous month, with improved performance in the manufacturing and wholesale and retail sectors cushioning...

South Africa's business activity edges up as cost pressures ease in August, PMI shows

JOHANNESBURG -South African businesses experienced a very modest improvement in operating conditions in August as cost pressures eased, the S&P Global South Africa Purchasing Managers' Index showed...

EU to propose Mercosur trade deal, facing France-led opposition

BRUSSELS -An EU trade accord with South America's Mercosur bloc will be presented by the European Commission on Wednesday for approval, pitting Germany and other countries that want new markets to...

Indian shares muted ahead of tax council meeting as IT offsets broader gains

India's equity benchmarks were muted on Wednesday, as a drop in IT stocks on weak U.S. economic data offset broader gains, ahead of a meeting of the Goods and Services Tax Council, where tax cuts are...

Colombia's 2025 natural gas investment seen up 35% to $1.1 billion, Naturgas association

BOGOTA -Investment in Colombia's natural gas industry is expected to increase by 34.6% to $1.1 billion in 2025, driven by exploration and production efforts to reduce the fuel deficit, association...

Blockchain lender Figure seeks up to $4.1 billion valuation in US IPO

Figure Technologies is targeting a valuation of up to $4.13 billion in its initial public offering, the blockchain lender said on Tuesday, becoming the latest crypto firm to capitalize on revived...

Oil settles up 1% after US imposes sanctions targeting Iranian oil

HOUSTON -Oil prices settled up more than 1% a barrel on Tuesday after the U.S. imposed sanctions targeting Iran's oil revenue stream, and ahead of an OPEC+ meeting on Sunday where analysts expect the...

Retailer and farmer groups ask India to shun Amazon's plea to ease investment rules

NEW DELHI -Groups backing millions of small Indian retailers have urged the government to shun Amazon's request to ease strict foreign investment rules for exports, a letter shows, as opposition to a...

Cafe chain Black Rock Coffee Bar targets $861 million valuation in rare US consumer IPO

Black Rock Coffee Bar is targeting a valuation of up to $860.7 million in its New York initial public offering, the cafe chain said on Tuesday, setting the stage for a rare consumer sector listing...

Sweden's Klarna targets up to $14 billion valuation in long-awaited US IPO

Sequoia Capital-backed Klarna said on Tuesday it was aiming for a U.S. listing valuing the fintech at up to $14 billion, moving it closer to its long-awaited market debut as investor appetite in...

Mubadala-backed Corient to acquire two European wealth managers in $214 billion asset deal

DUBAI -Corient, one of the largest U.S. wealth advisory firms, said on Tuesday it would acquire Stonehage Fleming and Stanhope Capital Group, bringing more than $214 billion in client assets under...

India eyes record cotton buying as imports, US tariffs dampen prices

MUMBAI -India is expected to purchase a record volume of cotton from farmers in the upcoming season, as domestic prices face pressure from cheaper imports and weakening demand following hefty U.S....

Gold climbs to record high of over $3,500 on bets of US rate cuts, economic risks

Gold rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and...

Russia's Novatek hires Leonard Neo as LNG marketing manager in Singapore

SINGAPORE -Russia's largest liquefied natural gas producer Novatek has hired Leonard Neo as an LNG marketing manager in Singapore, according to Neo's LinkedIn post on Tuesday. Neo was...

Hedge funds still cautious on U.S. stocks going into fragile September

LONDON -Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in...

Nestle investors face more turbulence after another CEO ousted

STORY: Nestle investors were pitched back into choppy waters on Tuesday. The Swiss food giant ousted its CEO Laurent Freixe over an affair he had with a subordinate. The...

China's stock margin financing hits record high as investors chase rally

HONG KONG -China's outstanding margin financing has reached a new record high of 2.29 trillion yuan , surpassing the previous peak set a decade ago, as investors ramp up leveraged bets to join a...

Glencore plans job cuts at South African ferrochrome and vanadium operations

JOHANNESBURG -Glencore said on Monday that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant...