Analysis: Indices

EU avoids US tariff letter, eyes concessions, EU sources say

BRUSSELS -The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions...

Mexico to open sterile fly plant to combat screwworm in 2026

MEXICO CITY -Mexico's government said on Monday that it has started to build a $51 million facility in the country's south as part of an effort to combat screwworm, a pest that has disrupted Mexican...

Royal Gold to acquire Canada's Sandstorm Gold for $3.5 billion

Royal Gold said on Monday it will acquire Canadian peer Sandstorm Gold for about $3.5 billion, helping the royalty firm strengthen its position in North America at a time when bullion has soared to...

BP appoints former Shell CFO to its board

BP on Monday appointed Simon Henry, former finance chief of Shell, to its board as a non-executive director effective September 1. Henry, who worked at Shell for over three decades,...

India's fuel demand fell 4.7% month on month in June

India's fuel consumption in June fell by 4.7% month on month to 20.31 million metric tons, oil ministry data showed on Monday. WHY IT'S IMPORTANT India is the world's...

Petronas ships its first LNG cargo to Japan from its new facility in Canada

KUALA LUMPUR -Malaysia's state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas cargo to Japan from its newly operational LNG facility in Kitimat,...

MOVES-Barclays names Khaled El Dabag and Walid Mezher co-CEOs for Middle East

DUBAI -Barclays has appointed Khaled El Dabag and Walid Mezher as co-CEOs for the Middle East region, it said in a statement on Monday. The two executives will be based in Dubai and...

South African rand slumps after Trump's tariff threat on BRICS-aligned countries

JOHANNESBURG -South Africa's rand fell on Monday as markets reacted to U.S. President Donald Trump's threat to impose additional tariffs on BRICS-aligned countries, while also awaiting updates on...

Putin says that globalisation is obsolete and the future belongs to emerging markets

MOSCOW -Russian President Vladimir Putin told BRICS leaders on Sunday that the era of liberal globalisation was obsolete and that the future belonged to swiftly growing emerging markets which should...

Egypt's non-oil business conditions deteriorate further in June, PMI shows

Egypt's non-oil private sector experienced a further decline in business conditions in June, with contractions in output and new orders accelerating, according to the latest S&P Global Purchasing...

Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says

MONTREAL -Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a U.S.-led trade war, in the event that Washington's 50% tariff on imports of the...

Rebuilding global coffee stocks may need at least two good crops, experts say

CAMPINAS, Brazil -Rebuilding global coffee stocks may take at least a couple of good crops following successive deficits in the supply-demand balance, coffee industry officials said on Friday during...

Russian government cuts wheat export tax to zero, IFX reports

MOSCOW -Russia, the world's largest wheat exporter, cut the wheat export tax to zero, effective from July 9, the Interfax news agency reported on Friday, citing the Russian agriculture ministry. ...

Global equity funds attract biggest weekly inflows in eight months

Global equity funds attracted strong inflows in the week to July 2, as U.S. stocks hit record highs, with investors brushing off trade tensions and chasing gains in AI-linked sectors. ...

EU to cut Ukrainian wheat, sugar imports by 70-80% under new quotas

The European Union will cut imports of Ukrainian wheat and sugar by up to 80% to address the concerns of its farmers, according to quotas announced on Friday, that are likely to drive Ukraine growers...

In reversal, Japan now wants rice farmers to produce more. Will it work?

JOETSU, Japan -For more than half a century, the Japanese government has encouraged its rice farmers to grow less of the crop so that prices of the national staple grain remained relatively high and...

TSX notches weekly gain to extend record-setting run

Canada's main stock index eked out another all-time high on Friday, led by gains for the real estate and consumer staples sectors as long-term borrowing costs fell. The S&P/TSX...

Investors eye tariff deadline as US stocks rally

NEW YORK -Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline...

India to woo foreign copper miners, expand ties, gov't document shows

HYDERABAD -India on Friday unveiled a series of steps to increase copper output, including encouraging foreign firms to set up smelters and refineries in the country in exchange for state-owned firms...