Indices

European shares advance as markets take US jobs data in stride

European shares closed higher on Thursday as investors took in stride a stronger-than-expected U.S. jobs report, with bank stocks leading gains as focus remained on a potential trade deal between the...

South African private sector treads water in June, confidence slips, PMI shows

JOHANNESBURG -South African private sector activity held steady in June, while business confidence slipped to its lowest level in nearly four years, a survey showed on Thursday. The S&P...

IMF says it remains engaged with Senegal, Sonko promises 'recovery plan'

LONDON/DAKAR -The International Monetary Fund said it remained engaged with Senegal as the West African country's prime minister promised a recovery plan to clean up billions in debts that were not...

Oil futures, options trade at record levels in Q2 as investors navigate volatility

HOUSTON -Total oil futures and options lots traded on the Intercontinental Exchange hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical...

Glencore announces $1 billion share buyback

Glencore said on Wednesday it will buy back shares worth $1 billion starting next week following the merger of global agribusiness Bunge Global with its grain handler Viterra. The...

Canada factory PMI falls in June as firms slash production

TORONTO -The downturn in Canada's manufacturing sector deepened in June as U.S. tariffs undercut demand, spurring the sharpest cut to output in five years, data on Wednesday showed. The...

Israelis hope for potential economic 'peace dividend' after war with Iran

JERUSALEM -Israel's 12-day war with Iran last month has dented its economy but investors and Israelis are hopeful that a U.S.-brokered halt to hostilities could bring an economic peace dividend with...

EU to compensate exporting industries for carbon levy

BRUSSELS -European industries that sell their goods abroad will receive compensation for the CO2 emissions costs they pay in Europe, the European Commission said on Wednesday, in a bid to avoid firms...

Mexico peso set to slip after expiry of US tariff hike freeze

BUENOS AIRES -The rallying Mexican peso is set to slip in the coming months after a temporary freeze on U.S. tariff hikes against other countries expires next week, a Reuters poll showed. ...

TSX ekes out new record high on Fed rate cut optimism

Canada's main stock index edged up to a new record high on Wednesday, helped by gains for resource and consumer discretionary shares, as investors continued to look past global economic uncertainty...

South African inflation expectations drop sharply in quarterly survey

JOHANNESBURG -South African analysts, business people and trade unions lowered their inflation expectations in the latest survey published on Wednesday, which could embolden the central bank to keep...

BHP inks charter contracts with COSCO for ammonia dual-fuelled vessels

SINGAPORE -Australia's BHP Group has signed contracts with China's COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday. ...

US Senate budget bill slashes money to fill oil reserve

WASHINGTON -The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his...

Approval of Egypt's IMF programme review faces possible delay, sources say

CAIRO -The IMF may merge its fifth and sixth reviews of Egypt's $8 billion support programme because of slow progress on structural reforms, possibly delaying a new disbursement by half a year, three...

Euronext in talks to buy Athens Stock Exchange for $470 million

Euronext is in talks to buy up to 100% of the Athens Stock Exchange in a 399 million euro all-share deal that would be the latest for a group that already operates stock markets in countries...

Milan Stock Exchange Opens New Semester on a Downbeat Note: Mediobanca Slides, Utilities Shine

Indices at Piazza Affari started the new semester on a weak footing, with caution and selling prevailing as geopolitical and macroeconomic factors remain in sharp focus for markets at this stage....

HSBC raises average gold price forecasts for 2025 and 2026

HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915, citing elevated risks and government debt. Gold tends to...

African Development Bank to give South Africa $475 million loan

JOHANNESBURG -The African Development Bank will give South Africa a $474.6 million loan to upgrade its transport and energy infrastructure, the bank said on Tuesday, the second big infrastructure...

India cabinet approves $11.7 billion employment incentives plan to create 35 million jobs

NEW DELHI -India's federal cabinet on Tuesday approved an employment-linked incentive scheme budgeted at 1 trillion rupees , aimed at generating nearly 35 million jobs over two years by offering...