Analysis: Indices

US judge approves Elliott affiliate bid for Citgo Petroleum parent

HOUSTON -A U.S. judge on Tuesday adopted a recommendation for the approval of a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum's...

What challenges lie ahead for UK's plan to expand Heathrow Airport?

LONDON -Britain selected Heathrow Airport's plan to build a new runway on Tuesday, as the government pushes ahead with the country's most controversial infrastructure project as part of its drive for...

UK to stockpile critical minerals, fast-track lithium plants

LONDON -Britain will include stockpiling of critical minerals in its defence procurement plan and expects lithium processing projects in northern England to break ground within the next few years as...

Barrick committed to Pakistan's Reko Diq copper project, says interim CEO

KARACHI -Barrick Mining Corp remains committed to its Reko Diq copper mine in Pakistan, one of the world's largest undeveloped deposits of the metal, its interim CEO said on Tuesday after reports of...

UK to impose anti-dumping duties on Chinese biodiesel imports

LONDON -Britain will apply anti-dumping duties on biodiesel imports from China after finding they were sold at unfairly low prices, the government said on Tuesday. Britain's body that...

South Africa's Transnet gets 300 million euro loan from French development agency

JOHANNESBURG -France's development agency has agreed to give South African state-owned logistics group Transnet a 300 million euro loan for clean energy initiatives. Transnet manages...

Ethiopian volcano ash forces Indian carriers to cancel flights

NEW DELHI -Ash plumes from a volcanic eruption in Ethiopia covered parts of Pakistan and northern India on Tuesday, forcing Air India and Akasa Air to cancel some flights as a precaution. ...

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...

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...