Indices

Milan Stock Exchange Dips After Hitting New Highs, Leonardo Rebounds, Profit-Taking in Luxury Sector

Piazza Affari opened slightly lower in early trading this morning, pulling back from the new highs last seen in mid-2017 that were reached yesterday. The negative performance of Wall Street and Asian...

South Africa's inflation pushed to 10-month high by food and fuel prices

JOHANNESBURG -South Africa's consumer price inflation rose to 3.5% year-on-year in July, driven to its highest level since September 2024 by higher food and fuel prices though still within the...

IBEX Slips Amid Tech Sector Jitters on Wall Street and Jackson Hole Anticipation

The Spanish stock index IBEX 35 opened Wednesday's session in the red, as global markets responded to jitters in Wall Street's tech sector and awaited guidance from Federal Reserve Chair Jerome Powell...

Trafigura-led consortium aims to finalise US loan deal by end-2025

Lobito Atlantic Railway aims to finalise by the end of this year a $533 million loan deal with the U.S. International Development Finance Corporation that is vital for the upgrade of its Angolan...

India's Tata Motors returns to South African car market after six years

JOHANNESBURG -India's Tata Motors returned to South Africa's passenger vehicles market after a six-year absence, launching three ranges of SUVs and an entry-level compact hatchback to take on Chinese...

South African rand little moved by domestic inflation data, investors await Fed cues

JOHANNESBURG -South Africa's rand was little moved on Wednesday, despite the country's highest inflation reading for 10 months, as investors awaited minutes from the Fed's July meeting and a...

Oil flows resume to Hungary, Slovakia via Druzhba pipeline, officials say

Oil is once again flowing to Hungary and Slovakia via the Druzhba pipeline, officials from both countries said late on Tuesday, after a Ukrainian drone strike on an oil pumping station in Russia's...

Pop Mart sees revenue hitting over $4 billion this year, to launch mini Labubus

HONG KONG/SHANGHAI -Pop Mart chief executive Wang Ning said on Wednesday his toy company was on track to meet its targeted revenue goal of 20 billion yuan in 2025, and that 30 billion  this year...

Wall Street tech selloff deepens, European shares steady

MUMBAI/SAN FRANCISCO -Wall Street shares dropped on Wednesday, with a tech selloff extending into a second day, while a key meeting of central bankers later this week remained in focus for currency...

India, China agree to resume direct flights, boost business links

NEW DELHI -India and China agreed on Tuesday to resume direct flights and step up trade and investment flows as the neighbours rebuild ties damaged by a 2020 border clash. The Asian...

Japan's Nikkei to ease off record peak as trade honeymoon fades

TOKYO -Japan's Nikkei share average will likely ease off recent record highs toward year-end, according to strategists in a Reuters poll, though much depends on a fragile trade agreement with the...

Brazil's 'soy moratorium' site offline after antitrust ruling setback

SAO PAULO -A website containing information about Brazil's soy moratorium, a private agreement enforced by global grain traders to protect the Amazon rainforest from soy-driven deforestation, was...

S&P 500 seen stalling as AI rally meets tariff jitters

The S&P 500 benchmark U.S. stock index will end 2025 just below current near-record levels, reflecting tempered optimism amid ongoing concerns over the economic impact of President Donald Trump's...

US hikes steel, aluminum tariffs on imported appliances, railcars, EV parts

WASHINGTON -The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other...

Luxury tourism in Africa often fails to benefit locals, new research shows

LONDON -Efforts by some African nations to attract luxury tourism have yielded limited benefits for local communities, with new research by the University of Manchester saying on Tuesday that it...

'SPAC King' Palihapitiya makes a comeback with new blank-check IPO

Chamath Palihapitiya, dubbed Wall Street's SPAC king for his high-profile blank-check deals, is set to take his latest special purpose acquisition vehicle public, marking his return to the market...

India suspends cotton import duty in signal to US, relief for garment industry

NEW DELHI -India has suspended an 11% import duty on cotton until September 30, in a move seen as a signal to Washington that New Delhi is willing to address U.S. concerns on agricultural tariffs,...

S.African iron ore mine faces closure as ArcelorMittal crisis weighs

South Africa's Assmang is weighing the closure of its Beeshoek iron ore mine after failing to secure a contract to supply its sole customer, the ailing steel producer ArcelorMittal South Africa. ...

Facing Trump tariffs, India's shrimp farmers consider switching to other businesses

HYDERABAD, India/GUAYAQUIL, Ecuador -On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States....