Canadian miner moves closer to gold production as Tanzania expands its mining pipeline
The company said the first phase of construction includes upgrading the project’s access road and preparing the processing plant site, while work […]
Gold slips as firm dollar weighs; focus turns to Fed meeting
Gold prices edged lower on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve’s upcoming policy decision for […]
Meta, BlackRock plan to invest in US$14 bil Texas data centre.
Meta Platforms Inc and BlackRock Inc plan to build a 1GW data centre complex in Texas that will cost about US$14 billion […]
Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil […]
Chinese battery giant wins AfDB backing for Africa’s first gigafactory in Morocco
The project is being developed by China’s Gotion High-Tech and will involve an initial investment of about $1.3 billion to build an […]
Singapore’s GIC to invest an additional $30bln in hedge funds
Singapore sovereign wealth fund GIC plans to deploy an additional $30 billion into hedge funds and is spreading its bets across artificial […]
Oil Tops $100 as Supply Crisis Deepens
Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and […]
LNG Importers Seek Lower Qatar and UAE Prices as War Upends Deals
The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates […]
Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz
A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the […]
Africa’s $43 billion export market enters high-stakes countdown as Trump tariff deadline approaches
The heightened concerns come after Trump issued a proclamation imposing an additional 50% tariff on certain Canadian imports under Section 338 of […]
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply […]
Citigroup profit surges 45% to decade-high revenue
Citigroup delivered $24.8 billion in Q2 revenue, up 14% year-over-year and beating consensus by over $1 billion, its highest in a decade. […]