China is reshaping global soybean trade flows by turning to Argentina and Uruguay for record shipments, as the trade conflict with the US continues to disrupt agricultural commerce. Chinese importers are set to secure up to 10 million metric tons of soybeans from the two South American producers in the…
India’s refiners are turning to US crude imports at a faster pace as geopolitical pressure intensifies over their reliance on Russian oil. The shift comes after a recent drop in US crude prices, making the grade more attractive compared to Middle East benchmarks. At the same time, Washington has renewed…
Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief to South African miners.Northam Platinum, a prominent South African mining company, announced a significant downturn in its annual profitability on…
Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), on Friday confirmed that Reliance Jio will debut on Indian stock exchanges in the first half of 2026. Speaking at the conglomerate’s 48th annual general meeting, attended virtually by more than 4.4 million shareholders, Ambani said that preparations for the much-anticipated…
The Barclays, NatWest, and Lloyds share prices plunged on Friday, dragging the blue-chip FTSE 100 Index. NatWest stock plunged to 512p, down by almost 10% from its highest point this year. Windfall tax proposal drags Barclays, NatWest, Lloyds share pricesLloyds share price plunged by over 7.2% from the year-to-date high, in…
Eli Lilly has partnered with a leading Chinese tech company, JD Health to fast-track its presence in China’s rapidly expanding obesity drug market, boosting the company’s global growth in the weight-loss sector.Eli Lilly’s move into the obesity drug market is reshaping the global pharma landscape. After the success of drugs…
Quantum computing stocks surged this week, driven by recent major partnerships and a growing shift from speculative hype to tangible commercial prospects.The sector’s momentum was fueled by announcements from market leaders like IBM, AMD, and Rigetti Computing, signalling that quantum technology is entering a new phase of growth and institutional…
Dow futures plunged 160 points on Friday as investors looked ahead to the release of the Fed’s go-to inflation gauge, the Personal Consumption Expenditures (PCE) index. The report could influence whether rates move in September. The slight pullback comes after the Dow hit a record high yesterday, showing both the…
PepsiCo Inc. is deepening its investment in Celsius Holdings Inc. with a $585 million transaction designed to expand the distribution and strategic reach of the fast-growing energy drink company, Bloomberg reported, citing sources familiar with the matter. The move underscores PepsiCo’s continued push into the lucrative functional beverage market and…
NVIDIA (NASDAQ:NVDA) delivered another blockbuster quarter, reporting record revenue of US$46.7 billion for its second fiscal period as demand for artificial intelligence (AI) infrastructure continues to surge. The chipmaking giant said sales rose 56 percent from a year earlier and 6 percent from the prior quarter, marking the ninth straight…