Analysis: Indices

Slide valued at over $2.6 billion in debut after biggest insurance IPO of the year

Slide Insurance secured a valuation of $2.62 billion after its shares gained nearly 24% in their Nasdaq debut on Wednesday after closing the biggest insurance listing this year, as public markets...

Canada could produce first LNG by this weekend, sources say

HOUSTON -Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant...

Exclusive-Indian refiners cancel palm oil orders for July-Sept as prices surge

MUMBAI -Indian refiners cancelled orders for 65,000 metric tons of crude palm oil scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade...

Egyptair orders six additional Airbus A350 aircraft

Egyptair ordered six additional Airbus A350-900 airplanes, taking the airline's total order for the type to 16, its chief executive said on Wednesday. It will enable us to meet rising...

HSBC names Asia veteran Christopher Chua global M&A head

HONG KONG -Europe's biggest bank HSBC appointed Christopher Chua head of mergers and acquisitions on Wednesday, after its former global head left for JPMorgan last month. Chua, who was...

South African inflation steady as central bank pushes for lower target

JOHANNESBURG -South Africa's inflation rate was steady in May, staying below the central bank's 3% to 6% target range as it pushes for the target to be lowered. Headline consumer...

Caris Life raises $494 million in US IPO

Caris Life Sciences raised $494.1 million in its Nasdaq initial public offering, the cancer diagnostic firm said on Tuesday, amid a rebound in the IPO market. Investors have shown...

Equities flatten, oil rises after Fed holds rates and Mideast conflict rages on

NEW YORK -Major Wall Street indexes ended a choppy trading session little changed after the U.S. central bank held interest rates steady on Wednesday, while the six-day-old Israel-Iran air war kept...

Exclusive-Unilever proposes Peter ter Kulve as CEO of ice cream spin-off

NEW YORK/LONDON -Unilever has named its preferred candidate to lead the group's soon-to-be listed ice cream division, proposing executive Peter ter Kulve, who has previously faced criticism from the...

Weak US retail sales, manufacturing output point to softening economy

WASHINGTON -U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer...

Mali starts construction of Russia-backed gold refinery

BAMAKO -Mali began construction of a new Russia-backed gold refinery on Monday, which the West African country's military leader said would take it closer to asserting control over its natural...

Germany not planning strategic gas reserve, economy ministry says

FRANKFURT -Germany is not planning to set up a national gas reserve as its recent legislation changing required filling levels for the coming winters will encourage the private sector to ensure...

Israel-Iran conflict will spur Russia-China gas deal, Russian adviser says

MOSCOW -Rising tensions in the Middle East will accelerate natural gas negotiations between Russia and China, with a decision likely this year, the head of a think-tank that advises the Russian...

Citi sees gold below $3,000 after Q3 2025 on weak demand, growth optimism

Citi lowered its short-term and long-term price targets for gold, projecting prices could drop below $3,000 per ounce by late 2025 or early 2026, driven by declining investment demand and an...

Afrexim increasingly likely to take hit on loans, says JPMorgan

LONDON -The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, a development that could prompt ratings agency Fitch to lower the lender's rating...

EU gas demand set to fall by 7% by 2030, Ember report says

LONDON -Gas demand in the European Union is expected to fall by 7% by 2030 as renewable energy and electrification increase, a report by thinktank Ember showed on Tuesday. BY THE...

Gucci owner Kering bets on crisis specialist de Meo to lead revival

Francois-Henri Pinault's decision to hire Renault boss Luca de Meo is an audacious but necessary move to address the twin challenge of sagging sales and mounting debt at luxury group Kering,...

Barrick Mining's gold complex placed under state control in Mali

BAMAKO -Canada's Barrick Mining had its Loulo-Gounkoto gold complex in Mali placed under state control by a court on Monday in a major escalation of a dispute over taxes and ownership.   ...

Botswana's Debswana to approach capital markets to fund Jwaneng underground project

GABORONE -Botswana's Debswana Diamond Company is looking to international capital markets to help fund its $6 billion Jwaneng underground project, a director said on Monday, as dwindling revenues...