Analysis: Indices

Ukraine's Kyivstar lists in New York as peace talks unfold in Alaska

Kyivstar shares dropped over 9% on Friday after the mobile operator became the first Ukrainian company to list in the United States, just hours before a summit between U.S. and Russian leaders to...

South Africa nears decision on steel tariffs amid import influx

GQEBERHA, South Africa -South Africa's government will release the preliminary findings of its review of steel tariffs next week, moving a step closer to protecting the local industry from increased...

China's fossil-fuelled power rises to 11-month high in July

BEIJING -China's fossil-fuelled power generation, mostly from coal, rose in July to the highest level since August 2024, official data showed on Friday, as record-breaking heat pushed power demand to...

Oil settled nearly $1 lower as Trump-Putin talks loom

HOUSTON -Oil prices closed down nearly $1 on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions...

Russian aluminium giant Rusal swings to first-half loss as expenses surge

Rusal reported a first-half net loss on Friday, as rising costs, higher interest expenses and foreign exchange fluctuations weighed on the Russian aluminium producer's earnings. The...

Kyivstar to go public in landmark New York listing on August 15

Ukraine's biggest mobile operator, Kyivstar, said on Thursday its shares will begin trading on the Nasdaq on August 15, making it the first Ukrainian company to be listed on a U.S. stock exchange. ...

VinFast founder to inject another $1.5 billion in exchange for R&D assets

VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to...

Novo Nordisk debuts Wegovy in South Africa as weight-loss drugs race gathers pace

JOHANNESBURG -Danish drugmaker Novo Nordisk introduced its weight-loss drug Wegovy in South Africa on Thursday, marking its debut in Africa and stepping up competition with Eli Lilly's Mounjaro which...

South African court rescinds TotalEnergies oil exploration permit

CAPE TOWN -A South African court has rescinded an environmental authorisation granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court...

Antofagasta half-year earnings surge 60% on higher copper demand, prices

LONDON -Chilean miner Antofagasta posted a nearly 60% jump in half-year core earnings on Thursday, on higher production and prices its customers paid for energy transition material copper. ...

IT, pharma lead Indian shares to weekly gains ahead of Russia-US talks

Indian shares ended flat on Thursday ahead of U.S.-Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.-China tariff truce extension and rising hopes of a Fed...

Adani's new copper smelter in India applies to become LME-listed brand

LONDON -A major new copper smelter in India owned by Adani Enterprises Ltd has applied to become a listed copper-producing brand with the London Metal Exchange, the LME said in a notice on...

Trafigura withdraws zinc from LME warehouses, some for shipment to US, sources say

LONDON/BEIJING -Commodity trader Trafigura is taking large amounts of zinc stored in London Metal Exchange approved warehouses in Singapore and shipping some of it to the United States, five sources...

South Africa's auto sector hit by job losses and company closures

GQEBERHA, South Africa -Low domestic sales of locally made cars, an influx of imports and low levels of local content have led to 12 company closures and over 4,000 job losses in the South African...

South African business confidence edges up in July ahead of Trump's 30% tariff

JOHANNESBURG -South African business confidence rose in July, helped by higher new vehicle sales, rising manufacturing output, strong precious metals prices and well-contained inflation, data showed...

US losing out on China soybean sales as Brazil fills key supply period

SINGAPORE/BEIJING -U.S. soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from...

China slaps temporary duties on Canadian canola

BEIJING/SINGAPORE -China announced preliminary anti-dumping duties on Canadian canola imports on Tuesday, escalating a year-long trade dispute that began with Ottawa's imposition of tariffs on...

Japan's Nikkei tops 43,000 for first time ever, extends rally to sixth session

TOKYO -Japan's Nikkei share average breached the 43,000-mark for the first time on Wednesday, with the broader Topix index also scaling a fresh all-time peak, tracking Wall Street's overnight gains...

US imposes sanctions on Congo armed group, mining firms over illicit minerals

The United States on Tuesday announced sanctions against an armed group aligned with Congo's military as well as a Congolese mining company and two Hong Kong-based exporters over armed violence and...