Indices

France to help wine industry with $150 million in aid for vines uprooting

PARIS -The French Agriculture Ministry said on Monday it would give the wine industry additional support of 130 million euros for the further uprooting of vines, to guard against excessive output,...

Three vessels bound for US Gulf Coast terminals to load soybeans, sorghum for China

CHICAGO -Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by...

Bank of Ghana weighs rate cut as inflation cools faster than expected

ACCRA -Ghana's central bank is considering another interest rate cut after inflation fell faster than anticipated, leaving real borrowing costs at elevated levels that could constrain the economy's...

African Union chair calls for fairer debt restructuring tools at summit with EU

LUANDA -Angolan President Joao Lourenco, current chair of the African Union, on Monday called for fairer debt restructuring tools and innovative financing instruments to support Africa's...

Trafigura's former top nickel trader denies he colluded on $600 million fraud

LONDON -Trafigura's former head nickel trader denied allegations by Indian businessman Prateek Gupta on Monday in a London trial that he helped devise a $600 million fraud to swap expensive metals...

Milan Stock Exchange Flat as Dividend Detachments Weigh on Index; Leonardo Down, Cement Stocks and Campari Surge

Piazza Affari remains largely unchanged at midday, with the blue-chip index in negative territory--a move explained by a technical effect from this morning's dividend detachments. Twelve blue-chip...

Uber seeks Turkish blessing to buy Getir Food from Mubadala, sources say

ISTANBUL -Uber has reached agreement on key elements of a deal to acquire Turkish delivery company Getir's food business from Emirati controlling shareholder Mubadala, and they have sought approval...

Belgian government reaches budget deal after months of talks

The Belgian government on Monday reached an agreement on its budget for next year after months of tense negotiations, Prime Minister Bart De Wever said. De Wever earlier this month set...

US demands 'balanced' EU digital rules before it cuts steel tariffs

BRUSSELS -The United States on Monday demanded that the European Union make its regulation of the tech sector more balanced in exchange for a reduction of U.S. tariffs on steel and aluminium imports...

South Africa's G20 debt focus to be tested as US takes the chair

JOHANNESBURG -The G20's leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare again, testing whether the group's ambitions on debt relief will...

World Bank lifts Kenya's growth forecast on construction sector optimism

NAIROBI -The World Bank lifted Kenya's economic growth forecast for this year to almost 5% on Monday, citing a pick up in the construction sector in East Africa's largest economy. Some...

China pitches closer ties to Germany in strategic industries to ease rare earth strains

BEIJING -China pitched stronger ties in its highest-level talks with Germany's new government as Beijing's top European trade partner seeks to smooth tensions over rare-earth curbs that have choked...

Canada, India agree to restart trade talks, says Indian government

OTTAWA -Canada and India have agreed to restart stalled talks for a new trade deal, the Indian government said on Sunday, after discussions between the two countries paused following a diplomatic...

South Africa sees US trade negotiations continuing despite G20 differences

JOHANNESBURG -South Africa's trade minister Parks Tau said on Sunday that he expected negotiations with the U.S. over a trade deal would continue, despite differences between the two countries over...

Zambian government welcomes ratings upgrade that sees country exit default status

LUSAKA -Zambia's finance minister on Sunday welcomed a milestone upgrade from S&P Global ratings agency that removed the copper-rich country's default status in the latest sign of economic recovery. ...

Canada says it will resume US trade talks 'when appropriate'

JOHANNESBURG -Canada will resume trade discussions with the United States when it's appropriate, Canadian Prime Minister Mark Carney said on Sunday, noting he did not have a pressing issue to address...

China to boost trade, investment with Tajikistan, Wang says

China will expand imports of high-quality agricultural products from Tajikistan and encourage Chinese companies to invest in the landlocked country, China's Foreign Minister Wang Yi said during a...

Britain unveils critical minerals strategy to cut reliance on foreign supply

Britain on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from...

Pakistan says rooftop solar output to exceed grid demand in some hubs next year

BELEM, Brazil -Pakistan's rooftop solar generation will for the first time exceed power demand on the country's electrical grid during daytime hours in some major industrial regions next year, a...