Indices

Gucci owner Kering bets on crisis specialist de Meo to lead revival

Francois-Henri Pinault's decision to hire Renault boss Luca de Meo is an audacious but necessary move to address the twin challenge of sagging sales and mounting debt at luxury group Kering,...

Barrick Mining's gold complex placed under state control in Mali

BAMAKO -Canada's Barrick Mining had its Loulo-Gounkoto gold complex in Mali placed under state control by a court on Monday in a major escalation of a dispute over taxes and ownership.   ...

Botswana's Debswana to approach capital markets to fund Jwaneng underground project

GABORONE -Botswana's Debswana Diamond Company is looking to international capital markets to help fund its $6 billion Jwaneng underground project, a director said on Monday, as dwindling revenues...

Bank Indonesia to hold rates steady at 5.50% on June 18

BENGALURU -Bank Indonesia will hold its interest rate steady on Wednesday, according to two-thirds of economists in a Reuters poll, although they remain divided on where borrowing costs might end the...

India's monsoon back on track, heatwave to ease, says weather officials

MUMBAI -India's monsoon has revived after stalling for more than a fortnight, and rains are set to cover central parts of the country this week, bringing relief from the heatwave in the grain-growing...

Petronas CEO says carbon capture and storage a potential revenue source

KUALA LUMPUR -Malaysia state oil firm Petronas views carbon capture and storage as a potential revenue source, chief executive officer Tengku Muhammad Taufik Tengku Aziz told an energy conference on...

Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant

CAIRO -Egypt signed a financial closure deal on Sunday with Norwegian renewable energy developer Scatec for a 1 gigawatt solar plant, which will allow the project to move into its construction phase,...

Trump and Japan PM discuss tariffs, Israel's attacks against Iran

WASHINGTON -Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump held a phone call on Friday in which they discussed tariffs and Israel's attacks against Iran, the Japanese foreign...

Canada's Dundee Precious to buy UK's Adriatic Metals in $1.25 billion deal

Canada's Dundee Precious Metals will acquire UK-based Adriatic Metals in a cash-and-stock deal valued at $1.25 billion, the companies said on Friday, marking the latest in a string of foreign...

China allows import of eligible pork, poultry products from 106 US plants

BEIJING -China has approved 106 new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website. The approval...

US consumer sentiment improves; tariff anxiety lingers

WASHINGTON -U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy's trajectory. ...

China solar industry to address overcapacity challenge but turnaround far off, experts say

SHANGHAI -Solar manufacturing company heads in China, grappling with losses and tariffs on exports to the U.S., called for an end to a price war and a solution to overcapacity in the sector, but...

Milan Stock Exchange Extends Losses Amid Escalating Middle East Tensions; Eni Bolstered by Oil Surge

The escalation of tensions in the Middle East is sending shockwaves through global markets, and Milan's Piazza Affari is no exception. Like the rest of Europe, it is weighed down by cyclical sectors...

J.C. Flowers-backed Jefferson Capital eyes $1.1 billion valuation in US IPO

Private equity-backed Jefferson Capital said on Friday it was targeting a valuation of up to $1.1 billion in its U.S. initial public offering, as buyout firms look to take advantage of an improving...

Indonesia aims to seal EU free trade agreement in 2026, official says

JAKARTA -Indonesia aims to seal a free trade agreement with the European Union in 2026, Indonesian trade ministry official Djatmiko Bris Witjaksono said on Friday, after the two sides completed their...

UK's Energean suspends production offshore Northern Israel

British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading located offshore Northern Israel due...

China's 2025 LNG imports expected to fall in unusual downturn, analysts say

BEIJING/SINGAPORE -China's annual imports of liquefied natural gas are forecast to decline for the first time in three years on weak industrial demand and strong domestic and piped gas supply,...

Pakistan set to hold rates as Israel-Iran conflict overshadows growth push

KARACHI -Pakistan's central bank is expected to hold its policy rate on Monday, a Reuters poll showed, as many analysts shifted their previous view of a cut in the wake of Israel's military strike on...

IBEX Suffers Sharpest Drop in Two Months, Falls Below 14,000 After Israeli Attack on Iran

The Spanish IBEX 35 index deepened its recent correction on Friday, slipping below the psychological threshold of 14,000 points after an Israeli offensive against Iran reignited fears of instability...