Gold prices fell more than 2% on Friday after hitting a record high above US$4,300 per ounce, pressured by a firmer dollar and US President Donald Trump’s comment that a “full-scale” tariff on China would be unsustainable. Spot gold was down 2.2% to US$4,228.89 per ounce at 10.21am ET (1421 GMT), after scaling an all-time […]
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured investors of Nigeria’s improving macroeconomic stability, just as he revealed that the country’s foreign exchange (FX) market turnover has so far risen to $8.6 billion monthly in 2025. Additionally, Cardoso, who spoke during an Investors’ Forum in Washington D.C., on the sidelines […]
Spain’s Cellnex said on Friday that it has signed a put option agreement to sell all its 99.99% share capital in Towerlink France to Vauban Infra Fibre for 391 million euros ($458 million). The deal, made through the French subsidiary of Europe’s largest mobile phone tower operator, will be fully paid in cash on the […]
India says it is looking to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil. Trump said Wednesday that Indian Prime Minister Narendra Modi had personally assured him his country would stop […]
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has recently announced an ambitious five-year strategy to expand oil and gas exploration and production across the country. The announcement came during his participation in the opening of the World Energies Summit in London, where he was a keynote speaker. The plan includes drilling around 480 […]
Billionaire philanthropist MacKenzie Scott has reduced her stake in Amazon.com Inc. by 42% over the past year, according to a regulatory filing made public on Tuesday. The filing, dated September 30, shows Scott now holds 81.1 million Amazon shares, down from 139 million a year earlier. Based on Tuesday’s closing price, the reduction is valued […]
Singapore companies have committed to invest S$5.5 billion ($4.23 billion) in a joint special economic zone in Malaysia’s Johor state since January last year, Singapore Deputy Prime Minister Gan Kim Yong said. The special economic zone, which was first agreed in January last year and formally inked a year later, has made good headway and […]
Private equity firm Warburg Pincus plans to buy German software firm PSI Software for more than 700 million euros ($813.26 million), the companies said on Monday. Reuters first reported on both a nearing takeover of PSI on Friday and Warburg Pincus’ offer for the software company on Sunday. PSI’s software helps run power and gas […]
Foreign investors extended their net buying streak for the second consecutive week across Asian markets last week, recording net purchases of US$904.8 million (RM3.82 billion), which was 4.12 times lower than the previous week’s inflow of US$3.73 billion. MBSB Investment Bank Bhd’s (MBSB IB) fund flow report for the week ended Oct 10, 2025 showed […]
China’s Commerce Ministry on Sunday slammed the Donald Trump-led US government’s plan to impose another 100% tariff on Chinese imports (up and above the existing levies), calling it a “classic case of ‘double standards’.” Amid rising trade tension between the two trade giants, Beijing restated its consistent stance and said it does not “want to fight, but are […]