Indices

Russia's western port oil exports up 25% after drone attacks

MOSCOW -Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more...

Rick Perry's Fermi cashes in on AI frenzy, valued at $15 billion in Nasdaq debut

Fermi's shares opened 19% above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI...

Brazil's Jacu bird poo-poos US tariffs as specialty coffee sector suffers

DOMINGOS MARTINS, Brazil -Brazil's coffee sector is going through a stinky time amid punitive U.S. tariffs but a specialty coffee that passes through the digestive tract of the exotic Jacu bird is...

African exports face immediate damage from lapse of US trade initiative

NAIROBI/JOHANNESBURG -The lapse of a flagship U.S. trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk,...

TSX opens lower as commodity stocks weigh, US government shutdown draws near

Canada's main stock index opened lower on Tuesday, led by declines in energy and material shares, while investors weighed the implications of a potential U.S. government shutdown that could disrupt...

Wall St opens lower on last day of quarter as government shutdown looms

Wall Street's main indexes opened lower on Tuesday, the final day of the third quarter, as investors fretted over likely delays in the release of key economic data due to a potential U.S. government...

OPEC+ mulls speeding up oil output hikes again, sources say

LONDON -OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to regain market...

AI chip firm Cerebras raises $1.1 billion, adds Trump-linked 1789 Capital as investor

SAN FRANCISCO -Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital,...

After lull, Wall Street eyes volatility pickup as risks build

NEW YORK -Wall Street is set to close one of its calmest quarters in nearly six years, and the lull after a volatile start to 2025 has many market participants increasingly alert for renewed market...

More people cutting coffee consumption in 2nd-largest market Brazil, study shows

SAO PAULO, Sep 29 -More Brazilians have reduced their coffee consumption, according to a bi-annual study carried out with over 4,000 people in Latin America's largest economy reported on Monday. ...

South Korea's booming used car exports cushion impact of US tariffs

INCHEON, South Korea -From the muddy grounds of a former amusement park on South Korea's coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help...

Goldman Sachs upgrades global equities on growth optimism, policy support

Goldman Sachs on Monday upgraded its stance on global equities to overweight from neutral over the three-month horizon, citing improving economic momentum across regions, attractive valuations and...

Electric aircraft maker Beta Technologies files for US IPO

Electric aircraft maker Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity...

US expands export blacklist in crackdown on Chinese subsidiaries

The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to circumvent export curbs on chipmaking equipment and other goods and...

Hedge funds log biggest weekly selloff in over 5 months in Asia EM stocks, Goldman says

HONG KONG -Global hedge funds recorded their largest weekly selloff in emerging Asia equities in more than five months last week, ahead of a major holiday season, according to a client note from...

Under Trump, US cedes its share of China's beef market to Australia

CANBERRA/CHICAGO -Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years...

Who needs a government anyway?

A look at the day ahead in European and global markets from Wayne Cole. Treasury yields and the dollar are down and most stocks a shade higher in Asia as investors wait to see if last...

BMO raises S&P 500 year-end 2025 price target to 7,000

BMO Capital Markets said on Friday that it was revising its year-end 2025 target for the S&P 500 to 7,000 from 6,700 citing factors including Federal Reserve rate cuts and strong earnings.  ...

Global equity funds log weekly inflows as AI optimism, Fed cut bets boost sentiment

Global equity funds recorded net inflows for the first time in three weeks in the week to September 24, as optimism around artificial intelligence investments and renewed bets on potential U.S. rate...