Indices

Poor car sales weigh on stock markets - Puma shares plummet

Surprisingly weak business figures from major companies weighed on European stock markets at the end of the week.Around midday on Friday, the DAX was down a good half a percent at 24,141 points. The...

IBEX Edges Down on Profit-Taking but Heads for Best Week Since May

The Spanish stock index IBEX 35 posted a slight decline at Friday's open, a logical bout of profit-taking after gains in previous sessions, yet remained on track for its strongest weekly rise since...

Gold miner Newmont's quarterly profit beats estimates as bullion rallies

Newmont surpassed Wall Street expectations for second-quarter profit as the world's top gold miner benefited from a rally in bullion prices, sending its shares 4% higher in extended trading on...

Canada's First Quantum to explore gold pre-payment deal from Zambian mines

TORONTO -Canadian miner First Quantum Minerals is exploring a gold pre-payment deal from its Zambian mines to boost its balance sheet, CFO Ryan MacWilliam told analysts on Thursday, as the company...

Small Ivory Coast cocoa firms say EU deforestation rules might bankrupt them

ABIDJAN -Small players in Ivory Coast's cocoa industry say they fear they will go out of business due to the cost of complying with new European Union regulations on the import of commodities linked...

Trafigura letter to Prateek Gupta's company warned about nickel cargoes, court document says

LONDON -A letter sent by Trafigura to Prateek Gupta's company warning it not to raise suspicions at financing bank Citi about nickel cargoes provides evidence that the commodity trader was aware of...

Italy's Saipem sees Mozambique LNG project restarting by end of summer

MILAN -Italy's Saipem is confident that a $20-billion liquefied natural gas project in Mozambique for TotalEnergies will restart by the end of the summer, the CEO of the energy contractor said on...

US, Indonesia discussing strategic management of critical minerals trade, minister says

JAKARTA -The United States and Indonesia are discussing joint measures to monitor and manage trade in Indonesian critical minerals that have strategic value, an Indonesian minister said on Thursday...

Trade relief, business lift and market high

What matters in US and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Hopes for a U.S.-Europe trade deal and signs of rebounding world business...

Wizz Air to resume Israeli flights next month as it quits Abu Dhabi

LONDON -Budget carrier Wizz Air plans to return to full-capacity in Israel by September as it positions itself as the largest inbound carrier into the country, Chief Executive Jozsef Varadi told...

Centrica's first-half profit falls due to mild weather, lower energy prices

LONDON -British Gas owner Centrica said on Thursday its adjusted operating profit halved in the first half of this year, due to mild weather, falling wholesale energy prices and weaker returns from...

Anglo American's copper, diamond production falls in first half

LONDON -Global miner Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains...

Nestle's India arm posts profit drop as costs bite; shares fall

Nestle India posted a 12% decline in first-quarter profit on Thursday, as higher raw material costs and expenses tied to its manufacturing expansion weighed on margins, sending shares down more than...

Chinese stock pickers lead global hedge fund gains as markets swing

HONG KONG -Hedge funds focused on Chinese equities posted double-digit returns in the first half of the year, outperforming global peers, fuelled by a rebound in Hong Kong stocks and bets on...

Japan's Topix rallies to record high in trade deal afterglow

TOKYO -Japan's Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited...

Tequila giant Becle quadruples profit even as demand dries up

Becle, the world's largest tequila producer, posted a fourfold rise in second-quarter profit on Wednesday, bolstered by foreign currency exchange gains even as thirst for its spirits dipped in its...

Crude finishes with 1% gain on supply concerns and US crude draws

HOUSTON -Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron will gain U.S. approval to renew production in...

Australia relaxes curbs on US beef imports that angered Trump

CANBERRA/SYDNEY -Australia will ease restrictions on beef imports from the United States, the country's agriculture ministry said on Thursday, potentially smoothing trade talks with U.S. President...

South Africa's parliament passes last major budget bill

JOHANNESBURG -South Africa's lower house of parliament on Wednesday passed the last major piece of annual budget legislation, after the two biggest parties in the coalition government found common...