Indices

Nigeria's NNPC says pipeline theft has been nearly eliminated

LAGOS -Nigeria's state oil firm NNPC Limited said on Monday nearly all pipeline theft has been eliminated after coordinated efforts by the country's defence and intelligence agencies. ...

Activist Windward presses Cineplex to boost buybacks, sell non-core assets

Windward Management has called on cinema theater operator Cineplex to buy back more shares and sell non-core assets, pointing to a recovering box office as audiences return to theaters and demand...

New Development Bank names RBI's Rajiv Ranjan as vice president

BENGALURU -New Development Bank , a multilateral lender developed by BRICS member nations, said on Monday it had appointed India's central bank executive director, Rajiv Ranjan, as its vice...

Indonesia urges EU to remove biodiesel import curbs after WTO ruling

JAKARTA -Indonesia urged the European Union on Monday to scrap countervailing duties on imports of biodiesel immediately, after the World Trade Organization backed several of Jakarta's main claims in...

China's CMOC eyes more M&A opportunities in Africa, South America

BEIJING -China's CMOC GROUP said on Monday that it was looking for more merger and acquisition opportunities. We are actively finding and negotiating projects in resource rich countries...

India's crude oil imports drop to near 18-month low in July

India's crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday. WHY IT'S IMPORTANT ...

IBEX 35 Slips Amid Cautious Sentiment Ahead of Powell's Speech

The Spanish stock index IBEX 35 opened Monday's session with losses, as investors approached the likely resumption of U.S. interest rate cuts with caution. Federal Reserve Chairman Jerome Powell left...

Jefferies raises S&P 500 annual target to 6,600 on resilient earnings

Jefferies raised its year-end target for the S&P 500 index to 6,600, citing robust second-quarter corporate earnings, easing concerns about the health of the U.S. economy. Previously,...

Indonesia sets up new mineral industry agency to oversee rare earths development

JAKARTA -Indonesian President Prabowo Subianto has set up a new mineral industry agency that will oversee the development of rare earths and radioactive materials, the agency's new chief told...

Keurig Dr Pepper brews coffee challenge to Nestle with $18 billion JDE Peet's takeover

U.S. soft drinks giant Keurig Dr Pepper is set to create a global coffee giant to rival market leader Nestle with an $18 billion takeover of JDE Peet's, Europe's largest acquisition in more than two...

India market regulator clears LIC reclassification ahead of IDBI Bank privatisation

MUMBAI -India's markets regulator has approved Life Insurance Corporation's request to be reclassified as a public shareholder in IDBI Bank, LIC said in a stock exchange filing on Sunday, paving the...

China says 'rampant' US protectionism threatens agricultural ties

BEIJING -U.S. protectionism is undermining agricultural cooperation with China, Beijing's ambassador to Washington said, warning that farmers should not bear the price of the trade war between the...

India says US trade negotiations are still going on as fresh tariffs loom

MUMBAI -India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S....

E-commerce firm Pattern reveals 35% revenue surge in US IPO filing

Pattern Group recorded a 35% jump in revenue in the first half of 2025, the e-commerce firm revealed on Friday in its U.S. initial public offering paperwork. With the IPO calendar set...

Exclusive-Sona poised to hire Cheyne's Hill as CFO for $13.6 billion manager, source says

LONDON -Sona Asset Management is set to hire David Hill as its new chief financial officer, a source close to the matter told Reuters on Friday.  Hill will likely join the investment...

WTO panel backs Indonesia on several counts in biodiesel row with EU

GENEVA -A World Trade Organization panel backed Indonesia on several key claims in its complaint over countervailing duties imposed by the European Union on biodiesel imports originating in the...

Chile's Codelco cuts 2025 copper forecast after El Teniente mine collapse

SANTIAGO -Chile's Codelco, the world's largest copper producer, on Friday lowered its 2025 production guidance following a tunnel collapse at its flagship El Teniente mine and said it will revise...

India regulator says session to decide share price to first apply for derivatives stocks

India's markets regulator on Friday proposed that the closing auction session to determine share prices will be first introduced for derivatives stocks. The Securities and Exchange...

US EPA approves biofuel waivers for small refiners, stirring concerns over demand

WASHINGTON -The U.S. Environmental Protection Agency on Friday approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates...