Indices

US imposes sanctions on Congo armed group, mining firms over illicit minerals

The United States on Tuesday announced sanctions against an armed group aligned with Congo's military as well as a Congolese mining company and two Hong Kong-based exporters over armed violence and...

US coffee buyers requesting to postpone Brazil imports, Brazilian lobby says

SAO PAULO -Coffee buyers in the United States have started requesting to postpone imports of Brazilian coffee following a 50% tariff imposed on Brazilian goods by U.S. President Donald Trump, local...

Cheaper gasoline restrains US consumer prices; worries about data quality rise

WASHINGTON -U.S. consumer prices increased marginally in July, though rising costs for services such as airline fares and some tariff-sensitive goods like household furniture caused a measure of...

Brazil consumer coffee prices fall in July for first time in 18 months

RIO DE JANEIRO -Brazil's consumer coffee prices fell 1.01% in July, the first drop in 18 months, according to data from the country's Broad National Consumer Price Index published on Tuesday.  ...

TUI Raises Profit Forecast as Cruises and Hotels Hit Record Highs

The travel group TUI is expecting a higher profit increase this year than previously forecast, thanks to robust growth in its cruise and hotel divisions. The MDax-listed company announced on Tuesday...

US exported 30% of its primary energy output in 2024, says EIA

The United States exported about 30% of its domestic primary energy production last year, a significant increase over recent decades, the Energy Information Administration said on Tuesday.  ...

De Beers announces kimberlite field discovery in Angola

De Beers' joint venture in Angola has discovered a new kimberlite field, the most common source of mined diamonds, it said on Tuesday, its first such discovery in three decades. The...

Malaysia's Petronas to boost international upstream portfolio to 60% over next decade 

KUALA LUMPUR -Malaysia's state energy firm Petronas plans to raise the share of its international upstream portfolio to 60% over the next decade, it said on Monday.  The firm...

South African jobless rate rises, highlighting coalition challenge

PRETORIA -South Africa's unemployment rate rose for the second quarter in a row, official data showed on Tuesday, highlighting one of the biggest challenges faced by the country's year-old coalition...

Sasol expects profit rebound on higher chemical prices and lower impairments

South African petrochemicals company Sasol expects a rebound in full-year profitability on the back of higher chemicals prices, tighter cost controls and lower asset writedowns, it said on Tuesday. ...

Russian diamond maker Alrosa flags high rates, inflation pressure as revenue falls

Russia's sanctions-hit diamond producer Alrosa reported a 25% fall in first-half revenue on Tuesday, warning that geopolitics and macroeconomic uncertainties were weighing on demand as high interest...

Switzerland wants binding Trump commitment on gold tariffs, lobby group says

U.S. President Donald Trump's statement on not putting tariffs on gold has sent an encouraging signal for trade stability but only a formal decision will provide certainty, the head of the Swiss...

Shopee, 'Free Fire' game demand help Sea beat revenue estimates

Sea Ltd topped market estimates for quarterly revenue on Tuesday, powered by strong demand in its Shopee e-commerce business and its gaming division, sending the company's U.S.-listed shares nearly...

Comex aluminium premiums beyond August dip on US tariff rollback bets

LONDON -Prices of aluminium premium contracts on Comex exchange beyond August have fallen due to some speculation that tariffs on U.S. imports of the metal could be halved or that top supplier Canada...

India's soyoil imports set for record high, palm oil at five-year low

MUMBAI -India's soyoil imports are poised to surge 60% year-on-year to a record high in 2024/25, as refiners boost purchases due to cheaper prices compared with rival palm oil, shipments of which are...

South Africa to offer US a revised trade deal on Tuesday

PRETORIA -South Africa will submit a revised offer for a trade deal to Washington on Tuesday, the trade minister said, in an effort to lower the 30% tariff rate U.S. President Donald Trump imposed on...

JPMorgan says US tariffs will have limited impact on South Africa's assets

JOHANNESBURG -JPMorgan said on Tuesday the recently imposed 30% U.S. tariffs on South African exports are expected to have a limited effect on the country's assets, as markets have largely priced in...

Japan's Nikkei races to record high, SoftBank leads tech surge

TOKYO -Japan's Nikkei share gauge powered to an all-time high on Tuesday, driven by sharp gains for tech companies and renewed optimism over trade with the United States.  With...

Analysts react to Japan's Nikkei scaling record high

TOKYO -Japan's Nikkei gauge of blue-chip stocks powered to a record high on Tuesday, taking its cue from all-time peaks scaled by many global markets this year.  Here are analysts'...