Analysis: Indices

South Africa's private sector grows in July but cost pressures rise, PMI shows

JOHANNESBURG, August 5 -South Africa's private sector expanded slightly in July marking the third consecutive month of growth helped by renewed sales growth and sustained employment increases, a...

South Africa's Pick n Pay turnover lifted by Boxer, on course for break even

JOHANNESBURG -South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, buoyed mainly by strong growth in its discounter business Boxer, which it spun out and...

Canada's First Quantum strikes $1 billion gold streaming deal with Royal Gold

Canadian miner First Quantum Minerals signed a $1 billion gold streaming agreement with a subsidiary of its peer Royal Gold, the two companies said in a statement on Tuesday. Gold...

Malaysia seeks $330 million for palm oil replanting over next 5 years

KUALA LUMPUR -Malaysia's commodities ministry said on Tuesday it would seek to boost the allocation for palm oil replanting to 1.4 billion ringgit under a new five-year economic plan. ...

Aurubis earnings beat forecasts as copper supply remains tight

Aurubis on Tuesday reported higher-than-expected core profit for the first nine months of its 2024-2025 financial year, helped by higher contributions from sulfuric acid, copper products and precious...

Chinese firms set for record US listings, undeterred by geopolitics

listed companies set up to buy mainly startups, making the startups public without them having to go through the lengthy initial public offering process. Waiting to list on the Nasdaq...

Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility

LONDON -Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of U.S. supplies, in a move that could increase...

Cold weather and scant rains worry Ivory Coast cocoa farmers

ABIDJAN -A persistent cold spell across most of Ivory Coast's cocoa-growing regions could jeopardize the development of the next October-to-March main crop, farmers warned on Monday, saying...

Gold Fields expects bumper profit as gold price, volumes surge

South Africa's Gold Fields expects its half-year profit to rise by as much as 236%, it said on Monday, on the back of higher gold production and record high bullion prices. In a trading...

Gold extends gains on US rate cut expectations

Gold prices rose for a third straight session on Monday after last week's economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.3% to...

South Africa outlines support measures in response to US tariffs

JOHANNESBURG -South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial...

Malaysia's end-July palm oil stocks to hit near two-year high

KUALA LUMPUR -Malaysia's palm oil inventories are forecast to rise for a fifth consecutive month in July to reach their highest level in almost two years, as production growth outpaced exports, a...

Old trees and ageing farmers worsen outlook for top palm oil exporters

PONTIAN, Malaysia -Malaysian farmer Suratmen Mosman faces a dilemma that threatens to sap supply from the world's top palm oil exporters and drive up prices of the vegetable oil essential to billions...

Australia's Santos commits Narrabri gas for domestic supply in deal with ENGIE

Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely...

Kering in talks with Qatar for sale of Milan building, Corriere says

ROME -Gucci-owner Kering is in talks with a member of the Qatari royal family for the sale of a building in Milan's top shopping avenue, Italian daily Corriere della Sera reported on Saturday. ...

Construction costs rise at Canada's Woodfibre LNG project

CALGARY -Construction costs at Canada's Woodfibre LNG project have increased, driving up capital costs for all partners involved, Canadian pipeline company Enbridge reported on Friday.  ...

Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn

NEW YORK -The Trump administration's push to discourage the use of foreign feedstocks in domestic biodiesel could lead to higher energy prices for U.S. consumers and restricted domestic production,...

Trump's 50% Brazil coffee tariff expected to rejig trade, send more beans to China

NEW YORK -The Trump administration's steep import tariff on Brazilian coffee looks set to reshuffle trade routes for beans from the world's top grower and exporter, benefiting China and incentivizing...

Markets dive after Trump hits more countries with steep tariffs

ZURICH/WASHINGTON -U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners sent global stock markets tumbling on Friday and countries and companies scrambling...