BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion. This disclosure on Friday underscores the complexities and financial challenges inherent in large-scale mining developments. Despite this hurdle, the…
Israel’s stock market has defied the odds to become the strongest performer in the Middle East over the past 22 months of conflict, reaching record highs even as the country navigates multiple wars, political unrest, and allegations of war crimes.The Tel Aviv Stock Exchange (TASE), which initially plunged 23% in…
European stock markets started the final session of the week on a positive note, with major indices broadly higher as investors reacted to a flurry of strong corporate earnings reports and took their lead from a wave of optimistic sentiment that has been rippling through global markets.About 15 minutes after…
Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares rose over 12% after the company posted operating income of 1.98 billion Swedish kronor ($204 million), comfortably ahead of analyst…
The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5…
Kazakhstan CPC Blend crude is seeing increased purchases by Asian refiners for August loadings compared to July. The rise in purchases is attributed to lower European demand, which has driven down prices, according to a Reuters report. Consequently, Asian demand for comparable light-sour crude grades, like Abu Dhabi’s Murban, is likely to…
Burberry reported a smaller-than-anticipated decline in comparable retail sales for its fiscal first quarter, offering investors an early glimpse of progress in the British luxury brand’s turnaround plan. The company said on Friday that comparable store sales dropped 1% for the quarter ended June 28, outperforming analyst expectations of a…
Global upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024, according to Rystad Energy. “The slowdown is due mainly to volatile oil prices, tariff uncertainties, higher OPEC+ production and fewer…
The FTSE 100 Index remained steady this month, mirroring the performance of other global indices, such as the Nasdaq 100 and S&P 500. The Footsie jumped to a high of £8,972, a few points below the year-to-date high of £9.015, up by nearly 20% above the year-to-date low.This index will…
BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion. This disclosure on Friday underscores the complexities and financial challenges inherent in large-scale mining developments. Despite this hurdle, the…