JPMorgan’s new $330 billion bond index gives African countries almost half its weight
The Wall Street bank plans to launch its Government Bond Index–Emerging Markets Edge, known as GBI-EM Edge, before the end of September. […]
Copper holds near US$14,000 as new deliveries signal supply relief
Copper steadied after declining to near US$14,000 a tonne as fresh deliveries of stockpiles to exchange-tracked warehouses signalled an easing of a […]
Saudi Arabia Discovers 110 Million Tonnes of Uranium-Bearing Ore
Saudi Energy Minister Prince Abdulaziz bin Salman announced the discovery on Monday at the International Atomic Energy Agency’s General Conference in Vienna, […]
Dangote Prices Africa’s Biggest IPO at $47 Billion
Aliko Dangote launched Africa’s largest share sale on Monday, offering 4.1 billion shares of his Nigerian oil refinery at 525 naira each. […]
UK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion
A new fiscal regime in the UK from 2027 could deliver an additional £14.9 billion, or $20 billion, to Britain’s revenues, the […]
China urges more FX hedging as strong yuan hits exporters
China’s foreign exchange regulator has instructed banks to encourage more corporate clients to hedge currency risks, people with knowledge of the matter […]
Saudi Arabia has shut a critical oil pipeline. Here’s why it matters for the global oil market
Yet another contingency plan for the global oil market – buffeted by more than six months of war between the United States […]
Egypt’s Qalaa moves to double stake in Africa’s $4.3 billion refinery through QatarEnergy deal
Qalaa’s board approved the proposed transaction on September 12, according to a stock-exchange disclosure reported by Arab Finance. If completed, its effective […]
Samsung, SK Hynix reject KEPCO’s $23 billion power prepayment proposal, document shows
Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp (KEPCO) to make a 25 trillion won (S$23.6 […]
China, Russia, India seek economic cooperation at BRICS
BRICS leaders including China, Russia and India entered a second day of talks in New Delhi on Sunday, discussing “inclusive global growth”, […]
BRICS nations urge ‘restraint’ in Middle East, smooth flow of global trade
The BRICS group of nations has unanimously adopted a joint declaration, calling for calm in the Middle East and stressing the need […]
Abu Dhabi’s oil giant inks partnerships with German energy, industry groups as part of UAE’s $46.5 billion investment
Abu Dhabi’s national oil-and-gas company said it signed a raft of deals with a potential investment value of 5 billion euros ($5.81 […]