Slovak leader Fico raps EU for inaction on fuel prices, demands summit
Slovak PM Robert Fico criticized the European Union for failing to address'soaring fuel prices' and called on it to convene an emergency summit. Fico, who is a populist and has warm relations with Russia, has attacked the EU and NATO more and more over the economic situation and the West’s approach to the conflict in Ukraine.
The agenda of the UN summit is laid out by Turkey's COP31 president
On Monday, the president of Turkey's COP31 outlined a plan to 'transform' existing climate commitments into projects with measurable results. This included raising electricity's share in energy consumption by 2035 to 35% and reducing projected increases in municipal garbage by half. Murat Kurum…
Energy profits boost European earnings by 20.8%
LSEG data on Thursday showed that estimates for blue-chip companies in Europe's second quarter?earnings? have risen. Profit growth is now expected to be 20.8% compared to a year earlier. However, a large part of the increase will come from the energy sector. Energy companies are expected to double their profits…
Five charts of the week's financial events: energy shock, chip winners, Fed relief and more
Every Friday, Open Interest distills the previous five days' financial data into five charts that highlight the trends, surprises, and overlooked moves. 1. THIN BUFFERS RON BOUSSO, 'ROI Energy Columnist': The renewed U.S.-Iranian blockades of Strait of Hormuz has sharply reduced?oil exports and gas from the Middle East…
Bangladesh solar incentives may not be for smaller consumers
According to the National Board of Revenue, these measures were introduced on July 1, in the 'latest national budget.' They include the removal of customs duties on?solar?equipment, and the exemption of solar-power suppliers and producers from paying taxes on income derived from?solar?energy.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could have a significant impact on markets or individual stocks in?France and Benelux. The French LNG tank technology company GTT has received a contract from Samsung Heavy Industries to design three new LNG carriers. Delivery is scheduled for the first- and second-quarters of 2029.
Italy Business Lobby urges energy reform and investment to revive growth
The head of Italy’s largest business group on Tuesday called for sweeping reforms to revive the near-stagnant country’s economy. He warned that high energy costs and low investment undermined growth. Emanuele orsini, president of Confindustria, said that the price of energy has become a threat to companies.
French and Benelux stocks: Factors to watch on May 7
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. AirAsia, the Malaysian budget airline, announced on Wednesday that it had placed a firm order for 150 'Airbus A220' jets made in Canada. The company also has 150 options to buy a larger version if Airbus produces it.
Takaichi, the PM of Japan, says that Japan will release an extra 20 days of oil reserves in May.
Sanae Takaichi, the Prime Minister of Japan, announced at a cabinet meeting held on Friday that Japan will release 20 days worth of oil reserves in May to ensure stable supply domestically while also searching for barrels from outside the Middle East as the conflict in this region disrupts global supplies.
TSX ebbs as Trump's Iran deadline nears
The main Canadian stock index fell on Tuesday, as investors monitored the situation in the Middle East after Iran did not show any signs of renouncing to the ultimatum of U.S. president Donald Trump to reopen Strait of Hormuz. At 10:55 am. The S&P/TSX composite index was down 0.1% to 33,149.58 at 10:55 a.m. ET. As Trump's deadline drew nearer, the U.S.
South Korea enforces naphtha export ban amid Middle East supply disruptions
The industry ministry announced that South Korea has begun enforcing an export ban on naphtha as it tries to ensure domestic supplies are not disrupted by the conflict in the Middle East. This move will require refiners divert their exports to the local market, and the government can order the production and allocations of naphtha.
The UK has reopened its domestic CO2 plant in response to the threat of war with Iran.
The UK announced on Thursday that it would spend 100 million pounds ($133.5?million?) to restart the production of biogenic CO2 at a closed plant in Teesside, for a period of three months. This is to avoid any shortages resulting from the Iran War. Ensus produced CO2 as a bioethanol by-product at its Wilton International plant until September.
Australian shares rise as investors buy battered stocks, with banks leading the way
Australian shares eked modest gains on Thursday, as investors picked up beaten-down tech, bank, and energy stocks after a two-day slide triggered by the escalating Middle East conflict. After a 3.2% decline in the two previous sessions, the S&P/ASX 200 rose 0.4% to 8,940.30. Global equity…
China shares steady as energy and defence shares surge, offsetting airline losses; HK drops
China's benchmark equity indexes were not significantly changed Monday in the aftermath of a conflict with Iran. Increases in gold, energy and defence stocks offset declines in airline and tourism shares. The expectation that Beijing would step in and stabilize markets before a parliamentary session later this week boosted sentiment on the mainland.
China's biotech licensing boom will reach record levels in 2026, as pipelines swell
As global drugmakers cut costs before patents expire, they are increasing their search for China's experimental medicines. Industry analysts predict that licensing deals this year will reach a new record. According to Pharmcube, the value of such deals signed by companies within Greater China - including Hong Kong…
Germany's PNE has lost bid for Vietnam wind projects, in a new blow to foreign investors
The Vietnamese authorities have selected a newly-created subsidiary of the real estate conglomerate Vingroup for the development of the first phase of the country's biggest wind power project, leaving out Morgan Stanley's German renewable company PNE. PNE said that the decision was a "surprise".
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that would have created?the world's largest mining firm with a value market exceeding $200 billion. The following is…
FTSE 100 ticks down in shortened Christmas Eve Session
The FTSE 100 dipped on Wednesday as gains in homebuilders were offset by losses in healthcare during a shortened Christmas Eve session. The UK blue-chip FTSE 100 fell?0.1% to 0936 GMT. It has been trading in a sideways fashion since hitting a five-week-high?last Thursday following the Bank of England’s 25 basis-point rate cut.
Wall St. inches up as investors focus on policy outlook; Oracle slips
Wall Street's major indexes rose slightly in volatile trading Wednesday as investors sought clues about the future of interest rates. However, caution was still evident following reports that Oracle's plans for data centers were facing funding hurdles. Oracle shares fell by 2.8% following a report that Blue Owl Capital…
Wall St futures rise as investors look at more data and geopolitics
U.S. Stock Index Futures climbed a little higher on Wednesday, as investors waited for more economic data in order to determine the direction of monetary policy. They also monitored geopolitical tensions that were escalating in Venezuela. This pushed oil prices up. Later in the day, a…