Analysis: Indices

Rick Perry's Fermi cashes in on AI frenzy, valued at $15 billion in Nasdaq debut

Fermi's shares opened 19% above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI...

Brazil's Jacu bird poo-poos US tariffs as specialty coffee sector suffers

DOMINGOS MARTINS, Brazil -Brazil's coffee sector is going through a stinky time amid punitive U.S. tariffs but a specialty coffee that passes through the digestive tract of the exotic Jacu bird is...

India's cabinet approves $9.5 billion price support package for winter crops

MUMBAI -India's cabinet has approved spending 842.63 billion rupees towards providing minimum support prices for crops in the next winter season, Information Minister Ashwini Vaishnaw said on...

South Africa tax agency falling short on extra collections ambition

JOHANNESBURG -South Africa's tax authority is lagging behind projections required to secure an additional 35 billion rand in revenue, data from the National Treasury revealed, though it is on track...

African exports face immediate damage from lapse of US trade initiative

NAIROBI/JOHANNESBURG -The lapse of a flagship U.S. trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk,...

South Africa's Capitec Bank reports 26% rise in half-year profit

JOHANNESBURG -South African lender Capitec Bank reported on Wednesday a 26% rise in half-year profit. It said its headline earnings per share, a key profit measure in South Africa, rose...

Foreign investors pull $2.7 billion from Indian stocks in September, eye record annual outflows

Foreign portfolio investors withdrew $2.7 billion from Indian equities in September, extending their selling streak for a third straight month and putting 2025 on course for record foreign...

Indian benchmarks snap losing run on cenbank lending boost

India's stock benchmarks snapped their longest losing streak in seven months on Wednesday, bolstered by gains in banking stocks after the central bank eased rules for lending to capital markets and...

Kenya's economy grows 5% in second quarter of 2025

NAIROBI -Kenya's economy grew 5.0% year-on-year in the second quarter of 2025, up from 4.6% in the same quarter last year, the statistics office said on Tuesday. The growth mainly came...

South Africa's utility Eskom makes first profit in eight years

JOHANNESBURG -South Africa's utility Eskom reported its first full-year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts. ...

TSX opens lower as commodity stocks weigh, US government shutdown draws near

Canada's main stock index opened lower on Tuesday, led by declines in energy and material shares, while investors weighed the implications of a potential U.S. government shutdown that could disrupt...

Wall St opens lower on last day of quarter as government shutdown looms

Wall Street's main indexes opened lower on Tuesday, the final day of the third quarter, as investors fretted over likely delays in the release of key economic data due to a potential U.S. government...

OPEC+ mulls speeding up oil output hikes again, sources say

LONDON -OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to regain market...

AI chip firm Cerebras raises $1.1 billion, adds Trump-linked 1789 Capital as investor

SAN FRANCISCO -Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital,...

India's trade pact with EFTA bloc to take effect from Wednesday

NEW DELHI -India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting...

After lull, Wall Street eyes volatility pickup as risks build

NEW YORK -Wall Street is set to close one of its calmest quarters in nearly six years, and the lull after a volatile start to 2025 has many market participants increasingly alert for renewed market...

Spain takes the bull by the horns

While Wall Street's record highs have monopolized attention in recent weeks, some European indices continue to perform well. Amongst developed markets, the IBEX, the Madrid Stock Exchange index, is...

Thai gold industry opposes tax on trading amid currency rally

BANGKOK -Thailand's gold trade is pushing back against central bank plans for a tax aimed at curbing a currency rally, warning the measure would hammer businesses and undermine the Southeast Asian...

South Africa records large FDI outflows in Q2 as Anglo spins off platinum unit

JOHANNESBURG -South Africa recorded foreign direct investment outflows of 73.5 billion rand in the second quarter of 2025, compared to inflows of 11.7 billion rand in the first quarter, central bank...