Analysis: Indices

Top South Korean official expresses optimism about US tariff talks, fuelling stock rally

SEOUL -South Korea's chief presidential policy adviser said on Thursday he was optimistic about talks to finalise a trade deal with the U.S., the latest remark by an official pointing to progress in...

India refiners to buy more US LPG in 2026, cut Middle East imports, sources say

NEW DELHI -India plans to cut imports of liquefied petroleum gas from the Middle East as its state refiners look to boost purchases from the U.S., sources with knowledge of the matter said,...

NIO shares plummet as Chinese EV maker faces lawsuit from Singapore's GIC

SINGAPORE -NIO stock closed down nearly 9% on Thursday, as investors fretted over the Chinese electric vehicle maker's outlook amid a U.S. securities lawsuit by Singapore sovereign wealth fund GIC. ...

Namibia central bank chief calls for diamond royalty relief extension

WINDHOEK -Namibia's central bank governor Johannes !Gawaxab called on Wednesday for an extension to a royalty discount granted to Namdeb to help the diamond miner through a protracted global market...

Botswana's ODC sets first contract diamond sales for November

GABORONE -Botswana's state-owned Okavango Diamond Company will start selling diamonds to contracted buyers next month, as it diversifies its sales channels under the government's new deal with De...

TSX opens higher on US bank earnings, Fed rate cut optimism

Canada's main stock index opened higher on Wednesday, with mining stocks leading the advance, buoyed by renewed U.S. rate cut optimism and robust earnings from major U.S. banks that signaled strength...

India's palm oil imports hit four-month low as refiners favour cheaper soyoil

India's palm oil imports in September dropped to their lowest since May as refiners shifted to cheaper soyoil, shipments of which hit a more than three-year high, the Solvent Extractors' Association...

Shares up, dollar down as investors renew bets on Fed rate cuts

LONDON -Stocks globally recovered some of their recent losses on Wednesday after comments by U.S. Federal Reserve Chair Jerome Powell boosted investor hopes of further rate cuts this year, pressuring...

Rupee climbs the most in four months on firm central bank intervention

MUMBAI -The Indian rupee soared to post its best one-day gain in nearly four months on Wednesday, powered by firm central bank intervention supporting the currency while traders also cited unwinding...

TSX rallies as market plays catch-up with higher metal prices

TORONTO -Canada's main stock index rebounded on Tuesday as the materials sector benefited from recent metal price increases and investors cheered U.S. bank earnings results. The S&P/TSX...

Trade group wants to ban export of scrap aluminum cans to China

WASHINGTON -A trade group representing the aluminum industry called on Tuesday for a ban on U.S. exports of used beverage cans to China to support American production of cars, fighter jets, tanks and...

EU presses US to drop tariffs on metals content

HORSENS, Denmark -The European Commission is pressing the United States to remove tariffs on products made from steel as Brussels seeks to advance parts of the EU-U.S. tariff deal that have yet to...

TSX rebounds after selloff sparked by US-China trade tensions

Canada's main stock index rebounded on Tuesday, following Friday's sharp decline due to renewed U.S.-China tensions that triggered profit-taking across the market. At 10:02 ET ,...

South African business confidence edges up in September

JOHANNESBURG -South Africa's business confidence improved in September, driven by robust tourism, higher precious metal prices and increased exports, data showed on Tuesday. The South...

World oil market to see huge glut in 2026, IEA says

LONDON -The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and rivals lift output and demand remains sluggish, the International...

Shell approves $2 billion offshore gas project in Nigeria with Sunlink

Shell has approved the development of an offshore gas project in Nigeria along with its joint venture partner Sunlink Energies, the oil major said on Tuesday, the latest in a series of investments...

Frontier debt risks 'going dark' amid high costs and creative deals

LONDON/WASHINGTON -The need for emerging economies to be more transparent about their debt is one issue uniting wealthy countries and multilateral lenders in a fractious, divided world where the...

UK warns business leaders as 'highly significant' cyber incidents rise 50%

LONDON -British cyber incidents classed as highly significant have risen by 50% over a year ago, the head of the country's National Cyber Security Centre will say on Tuesday.    A series of cyber...

Copper's rally needs China impetus to reach record

LONDON -Copper prices touched $11,000 per metric ton on October 9, a milestone seen on only two other trading days in the history of the London Metal Exchange - and one that has analysts questioning...