2025 is drawing to a close, and silver seems determined to end the year with a bang. The white metal’s breakout continued this week, with the price crashing through US$60 per ounce and continuing on up, even briefly passing US$64. It ultimately finished at just under US$62. Year-to-date silver is…
Sumitomo Corp. plans to sharply expand its presence in India’s fast-growing renewable energy sector, doubling its initial investment commitment to a total of ¥200 billion ($1.28 billion) as demand for clean electricity surges among industrial users. The Japanese trading house will deploy the funds through its joint venture with Indian…
Asian markets opened higher on Friday, tracking overnight gains on Wall Street, even as renewed weakness in Oracle shares added fresh pressure to the technology sector. Investors continued to navigate shifting expectations around US monetary policy, concerns over AI-driven spending cycles, and several major corporate and policy developments shaping global…
In a major intervention to safeguard industrial jobs, Prime Minister Anthony Albanese announced a rescue effort on Friday to prevent the closure of Australia’s largest aluminium smelter, the struggling Tomago facility majority-owned by Rio Tinto, after its current power contract expires in 2028.Tomago Aluminium, which employs over 1,000 full-time staff…
Lululemon Athletica shares surged nearly 11% in after-hours trading on Thursday after the retailer reported stronger-than-expected third-quarter results and said Chief Executive Calvin McDonald will step down early next year.Revenue rose 7% from a year earlier to $2.6 billion, exceeding Wall Street estimates of $2.48 billion. Adjusted earnings of $2.59…
Taiwan’s equity market continues to move against the prevailing global mood around artificial intelligence. While investors elsewhere are questioning whether AI valuations have stretched too far, Taiwan’s tech-heavy stocks show little sign of losing momentum.The contrast reflects a growing divide between foreign caution and local conviction, reports Reuters. For domestic…
The UK economy slipped back into contraction in October, heightening concerns that Chancellor of the Exchequer Rachel Reeves’ first budget has dampened momentum at a delicate moment for growth. Fresh monthly data showed broad weakness across key sectors, underscoring the challenges facing policymakers ahead of the Bank of England’s final…
Novo Nordisk has officially launched Ozempic in India, marking a significant expansion of its presence in one of the world’s fastest-growing markets for diabetes and obesity treatments. The launch comes at a time when demand for weight-loss drugs is rising sharply, driven by lifestyle changes, urbanisation, and increasing awareness of…
In Venezuela, money does not enter the economy as a steady stream. Instead, it arrives in bursts, timed to crude cargoes leaving port. That is why a single ship seizure can feel like a national budget event. This week, the US made the shipping lane the front line again, and…
Russian seaborne oil product exports dipped slightly in November, falling 0.8% from October to 7.494 million metric tons, according to industry data and Reuters calculations. This decrease occurred as the effects of drone attacks on key energy infrastructure were largely counterbalanced by the completion of maintenance work at several refineries.Despite the…