Istanbul Stock Exchange will remove more than a quarter from the main index as regulators address liquidity crisis
The Turkish stock exchange, Borsa Istanbul will replace over a quarter the constituents of BIST-100, its benchmark index. This move was announced on Tuesday as regulators sought to contain a liquid crisis caused by a sale-off of investment funds. The stock exchange has not given a reason why index constituents will be removed.
South Africa's 'data centre gold rush' could lead to a resource shortage
The rapid expansion of data centers has made South Africa the continent's largest digital hub. Critics warn that the industry's appetites for electricity and drinking water could worsen the shortages of millions of people. Cyril Ramaphosa, the president of South Africa, has praised the rapid growth of data…
UK and Japan announce tech partnership, promising fighter jet progress
The leaders of Britain announced on Sunday a tech partnership designed to increase national security and to create jobs. They also pledged to speed up the development of their 'next-generation fighter jet GCAP. On Sunday, the Japanese Prime Minister Sanae Takaichi met with British Prime Minister Keir starmer…
Earnings of CF and Nutrien will be boosted by the Nitrogen Surge; Mosaic is facing headwinds
The nitrogen-based fertilizer industry is expected to report higher quarterly earnings due to the surge in prices caused by Middle East gas disruptions. However, this benefit may not be fully apparent until future quarters. Analysts expect nitrogen producers, such as CF Industries, Nutrien and Mosaic, who make fertilizers derived 'from natural gas…
Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the second week running.
Baker Hughes, a renowned energy services firm, said that U.S. firms added oil and natural gas rigs this week for the second week in a row. This is the first addition since mid-March. In the week leading up to May 1, the oil and gas rig counts, an early indicator for future production, increased by three, to 547, its highest level since early April.
Documents show that documents reveal the former Glencore trader is part of Ambatovy Nickel's takeover.
Documents reviewed by us show that a former Glencore nickel trader is a key figure in the consortium that will take over the Ambatovy Nickel project in Madagascar from Sumitomo Corporation. Jason Kluk left the Swiss-based mining company in late 2024. He is listed in Jersey and UK documents as being a director at Essenwood Partners.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in 3 weeks.
Baker Hughes, a closely watched energy services company, said in its report on Friday that U.S. firms?added oil & natural gas rigs this week for the?first time in three-weeks. The number of oil and gas rigs, a good indicator of future production, increased by one in the week ending April 24. This is its highest level since mid-April.
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the second consecutive week.
Baker Hughes, an energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the second week in a row for the first time since march. The number of oil and gas drilling rigs, a good indicator of future production, dropped by two in the week ending April 17 to 543, the lowest level since late March.
Baker Hughes reports that US drillers have cut oil and gas rigs three times in the last four weeks.
Baker Hughes, a renowned energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the third consecutive week. The number of oil and gas drilling rigs, a good indicator of future production, dropped by three in the week ending April 10 to 545, the lowest level since late March.
Ethiopia signs 13 billion dollar deals at Investment Conference
Ethiopian state investment commission announced that it had secured $13 billion in 'investment deals' after a conference to?attract capital into a range of economic sectors. The East African nation, like?other frontier economies of Africa, has sought to increase foreign direct investments, especially in manufacturing, in order to create jobs for the growing population.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the second week running.
Baker Hughes, an energy services company, said in a closely-followed report on Friday that U.S. firms added oil and natural gas rigs this week for the second time in a row. The number of oil and gas drilling rigs, a good indicator of future production, increased by two in the week ending March 13 to reach 553 - its highest level since November 2025.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in four-weeks.
Energy services firm Baker Hughes reported on Friday that U.S. energy firms added oil and gas rigs this week for the first time since four weeks. Baker Hughes reported that despite this week's increase in rigs the total count is still 41 rigs or 7% lower than this time last year. Baker Hughes reported that oil rigs increased by four this week to 411…
Baker Hughes reports that US oil and gas drillers have cut back on rigs in the US for the first time in six-weeks.
Baker Hughes, an energy services company, said that the U.S. cut back on the number of natural gas and oil rigs for the first time since six weeks. The number of oil and gas drilling rigs, a good indicator of future production, dropped by one in the week ending February 27. This is the lowest level since late January.
Baker Hughes reports that US drillers have kept the number of oil and natgas drilling rigs unchanged for a second consecutive week.
Baker Hughes, a leading energy services company, said that the number of oil and gas rigs in the United States remained unchanged this week for a second consecutive week. The number of oil and gas drilling rigs, a good indicator of future production, remained at 551 during the week ending February 20. This is the same as the previous week.
Modi's rooftop Solar push is slowed down by unwilling lenders, states
Vendors and analysts claim that despite the heavy subsidies, I ndian Prime Minister Narendra Modi is not able to achieve his targets due to loan delays and limited state support. These shortfalls are the latest "challenge" to India's efforts at nearly doubling clean energy capacity by 2030 to 500 gigawatts.
Reliance stocks lead partial recovery of Indian stocks after budget day saleoff
India's equity benchmarks rose on Monday, with gains led by?infrastructure shares and bargain-hunting in heavyweight Reliance Industries as the?markets recovered from the damage they suffered after the federal budget. The?Nifty50 rose 1.06%, to 25,088.4, and the BSE Sensex gained 1.17%, to 81.666.46. The indexes fluctuated between gains and losses of 0.6% intraday.
Baker Hughes reports that US drillers added oil and gas rigs in the US for the second consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and natural gas rigs this week for a second consecutive week for the first since December. The number of oil and gas drilling rigs, a good indicator of future production, increased by two in the week ending January 30 to 546, its highest level since December.
Indian stocks rise on EU deal, defence and infrastructure stocks gain before budget
India's benchmark equity indexes rose on Tuesday, continuing a trend of gains from the landmark trade agreement with?the European Union that was signed the day before, while stocks linked to capital expenditures soared ahead of?the federal Budget. The Nifty 50 index rose 0.66%, to 25,342.75, and the BSE Sensex gained 0.6%, to 82344.68.
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said in its closely watched report published on Friday that U.S. firms have cut back the number of natural gas and oil rigs for the second consecutive week. In the week ending January 16, the oil and gas rig counts, an early indicator for future production, dropped by one, to 543.
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the first time in 3 weeks.
Baker Hughes, a closely watched energy services firm, said that U.S. firms have cut back on the number of oil rigs and natural gas rigs operating for the first time since three weeks. The number of oil and gas drilling rigs, a leading indicator of future production, dropped by two in the week ending January 9 to 544, the lowest level since mid-December.