Business news

Crude oil awaits fresh catalyst to rise further: can recent strength hold?

Wednesday saw oil prices dip, as markets analysed the results of US-China trade discussions, which still await President Donald Trump’s review.  Market pressures included weak oil demand from China coupled with increased output from OPEC+....

US and Mexico close to agreement on easing Trump’s steel tariffs on imports: report

The United States and Mexico are moving closer to a trade agreement that would limit the impact of President Donald Trump’s proposed 50% tariffs on steel, by allowing a portion of imports to enter the US duty-free, according to a report by Bloomberg....

Gold price outlook remains volatile amid global economic uncertainty

In the ever-shifting landscape of global economics, gold remains a cornerstone asset for investors seeking stability. However, as we move through 2025, the gold price outlook is anything but certain. Persistent global economic uncertainty, driven by...

Africa Energy Corp targets 2033 for major gas project in South Africa

Africa Energy Corp, a company listed on the Toronto Stock Exchange Venture Exchange, has announced ambitious plans to initiate gas production from the Brulpadda and Luiperd discoveries off the southern coast of South Africa. These discoveries, repres...

Colombia authorizes temporary suspension of fiscal rule as public finance worsens

A government source told Reuters on Tuesday that Colombia’s government has officially approved the use of an “escape clause” to temporarily waive the fiscal rule. In Latin America’s fourth-largest economy, there were signs of weaken...

World Bank sees slowest global growth outside recession since 2008

The global economic outlook has taken a somber turn as the World Bank today sharply downgraded its forecast for global growth in 2025 to 2.3%, a significant reduction from its previous projections. The bank said this would be the slowest global growt...

China extends EU pork import probe as trade rift deepens

In a move escalating trade tensions between China and the European Union, Beijing has officially prolonged its ongoing investigation into EU-sourced pork imports by an additional six months.  This decision, announced on Tuesday, comes just days...

Slowing UK jobs, wages point to possible Bank of England August rate cut, says ING

UK’s job market is cooling rapidly, with wage growth also decelerating. This trend, while not likely to trigger immediate rate cuts by the Bank of England, strengthens the case for reductions in August and November, according to ING Group. Sign...

Meta’s $72B AI gamble: visionary empire or another money pit?

Meta Platforms Inc. (NASDAQ:META) has always been a company of adaptation and innovation. But its new defining moment doesn’t have to do with social media, the metaverse, or advertising dominance. It’s about a singular obsession with AI....

Interview: Crypto now a ‘strategic asset,’ not a ‘speculative play,’ says BlockTrust IRA CEO Jonathan Rose amidst IRA surge

As cryptocurrencies continue to mature as an asset class, more investors are exploring ways to integrate them into long-term financial planning—particularly through retirement accounts. Many investors are turning to crypto IRAs as a way to combine th...

Rolls-Royce wins SMR bid as UK launches nuclear drive with Sizewell C and mini reactors

Rolls-Royce has been selected as the preferred bidder to build the UK’s first fleet of mini nuclear power stations, in a significant step aimed at securing Britain’s energy future and reviving domestic nuclear capabilities. The announcement, made on...

Long Gold: breakout signals strength as safe-haven demand and technicals support near-term upside move

UK announces $19B funding for Sizewell C nuclear power station

The United Kingdom has announced a substantial financial commitment of 14.2 billion British pounds, equivalent to approximately $19.25 billion in US dollars, towards the construction of the Sizewell C nuclear power station.  This project, locate...

Oil nears multi-week high on US-China trade optimism and Iran tensions

Oil prices were trading near multi-weak highs on Tuesday as hopes of a trade deal between the US and China buoyed sentiments.  Discussions between the US and China regarding trade are ongoing, and negotiations are scheduled for Tuesday as well.&...

Brazil’s JBS launches BDR trading in Brazil ahead of NYSE debut

JBS started trading this Monday (9) its Brazilian Depositary Receipts (BDRs), B3 share index, as a part of its dual listing process. In Brasília, by early afternoon, the JBSS32 BDRs were up 1.02%, at R$ 78.86. According to local media InfoMoney, this...

Surge in wider Arabian Sea middle distillate exports boosts refining margins, says Vortexa

The surge in middle distillate seaborne exports from the Wider Arabian Sea, a key trend shaping the global product market since 2024, has significantly influenced refining margins across both the Atlantic and Pacific Basins, Vortexa said. Cracks in t...

India’s $80 billion coal push threatens water access in dry zones

According to a Reuters report, India’s aggressive push to expand coal-fired power generation — nearly $80 billion by 2031 — is compounding an already dire water crisis in the country’s driest districts. A majority of new coal projects are concentrate...

Gold little changed as risk appetite improves; platinum scales over 4-year high

Amidst improving risk appetite ahead of crucial US-China trade discussions scheduled for later on Monday, gold prices remained largely unchanged. Bullion prices saw substantial gains last week due to US economic instability and a weakening dollar, fa...

China’s iron ore imports dip in May amid strategic shifts

Iron ore imports into China experienced a notable downturn in May, falling short of market forecasts with a 4.9% decrease compared to the previous month of April.  This decline reflects a cautious procurement strategy adopted by Chinese steel mi...

Refinery expansions set to drive India’s oil imports in second half of 2025, says Vortexa

India is likely to import more crude oil in the second half of 2025 as refining capacity is set to increase, according to Vortexa.  In the first quarter of 2025, India experienced a surge in crude/condensate imports, culminating in a record 5.0...