Indices

India looking beyond US for pharma exports amid tariff tensions

NEW DELHI -India is seeking to boost drug exports to semi-regulated markets in Africa, Latin America and Southeast Asia to reduce its dependence on the U.S., where tariff concerns pose risks,...

US small-cap stocks break out, but for how long?

NEW YORK -Long-lagging U.S. small-cap stocks are having a moment in the sun, but the interest rate outlook, the strength of their earnings and the health of the economy will help determine whether...

Canada's trade deficit in July narrows as exports to the US rise

OTTAWA -Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States,...

Goldman Sachs sees gold prices surpassing  $4,000 if investors ramp up buying

Goldman Sachs said gold prices could surge well above its $4,000 per troy ounce baseline by mid-2026, should private investors diversify more heavily into the metal. Spot gold prices...

Figma shares slump as earnings miss lofty post-IPO expectations

Figma shares plunged 19% on Thursday as a slight beat in its first earnings report following its blockbuster July market debut unnerved investors, with a looming share unlock further weighing on...

South Africa's sugar farmers face 'double whammy' from Trump tariffs, cheap imports

KWADUKUZA, South Africa -Nkosinathi Msweli's sugar cane farm in KwaDukuza - a rural, largely poor region on South Africa's eastern coast - has for three decades been a solid, albeit small, economic...

Nasdaq unveils new listing rules to clamp down on stock manipulation, Chinese firms

NEW YORK -Exchange operator Nasdaq is introducing stricter listing standards including a higher minimum public float for some new listings and a faster process to delist thinly traded companies, part...

Asia markets perk up as Fed comments, jobs data point to rate cuts

SINGAPORE -Asian stocks were mostly higher on Thursday as dovish comments from Federal Reserve officials and a smooth auction of Japanese super-long debt eased investor jitters in bond markets. ...

ADM targets $200 million to $300 million in costs cuts in 2025, says CEO Juan Luciano

Grain trader Archer-Daniels-Midland's CEO Juan Luciano said on Wednesday that the company is on track to achieve about $200 million to $300 million in cost reductions this year. ADM has...

World Gold Council launches digital gold initiative with Linklaters, Hilltop Walk

The World Gold Council in collaboration with law firm Linklaters and consultancy firm Hilltop Walk Consulting has announced a new framework to modernize the global gold market. The...

Copper miner Teck defers major project approvals amid operations review

Canadian miner Teck Resources announced on Wednesday that it has undertaken a company-wide operations review and would defer approving major growth projects until its Quebrada Blanca copper mine in...

HSBC lifts S&P 500 year-end target on strong tech earnings

HSBC raised its year-end S&P 500 forecast to 6,500 from 6,400, citing stronger-than-expected Q2 earnings and resilient macro conditions, with tech and financials driving momentum. ...

Etihad first-half profit best yet on global expansion, passenger growth

Abu Dhabi's Etihad Airways first half was its most profitable yet, the company said Wednesday, as its net profit reached 1.12 billion UAE dirham , up 32% year-on-year. Etihad carried...

EU to propose Mercosur trade deal, facing France-led opposition

BRUSSELS -An EU trade accord with South America's Mercosur bloc will be presented by the European Commission on Wednesday for approval, pitting Germany and other countries that want new markets to...

Colombia's 2025 natural gas investment seen up 35% to $1.1 billion, Naturgas association

BOGOTA -Investment in Colombia's natural gas industry is expected to increase by 34.6% to $1.1 billion in 2025, driven by exploration and production efforts to reduce the fuel deficit, association...

Blockchain lender Figure seeks up to $4.1 billion valuation in US IPO

Figure Technologies is targeting a valuation of up to $4.13 billion in its initial public offering, the blockchain lender said on Tuesday, becoming the latest crypto firm to capitalize on revived...

Oil settles up 1% after US imposes sanctions targeting Iranian oil

HOUSTON -Oil prices settled up more than 1% a barrel on Tuesday after the U.S. imposed sanctions targeting Iran's oil revenue stream, and ahead of an OPEC+ meeting on Sunday where analysts expect the...

Retailer and farmer groups ask India to shun Amazon's plea to ease investment rules

NEW DELHI -Groups backing millions of small Indian retailers have urged the government to shun Amazon's request to ease strict foreign investment rules for exports, a letter shows, as opposition to a...

Cafe chain Black Rock Coffee Bar targets $861 million valuation in rare US consumer IPO

Black Rock Coffee Bar is targeting a valuation of up to $860.7 million in its New York initial public offering, the cafe chain said on Tuesday, setting the stage for a rare consumer sector listing...