Blackrock tells investors to give mining a chance or risk green energy transition October 30, 2023 Blackrock said investor reluctance towards mining. could lead to shortages of vital materials
Netflix: More price hikes cast shadow over potential ad-tier gains October 15, 2023 Netflix is set to kick off the tech earnings season and analysts are bullish as they expect user growth and a boost from the new ad-tier.
LME: Hong Kong owners pledge to ‘strengthen its stewardship’ of the industry after nickel crisis October 9, 2023 The LME will ramp up its oversight of the market following last year's nickel crisis, the boss of its parent company has pledged.
Rio pins recovery hopes on mega Simandou iron ore project amid share price blows October 5, 2023 Could revive Rio Tinto's long-held ambitions of mining the world's largest untapped supply of high-grade iron ore revive its share price?
Winter gas price rally unlikely despite recent steady climb, experts say September 25, 2023 Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks.
G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Iron ore demand robust even as China’s economy slumps September 3, 2023 Iron ore demand in China has proven robust even amid a domestic property crisis and a sluggish revival from the pandemic, data suggests.
Miner issues: Fortescue Metals chief steps down after three-year low in profits August 28, 2023 The boss of Fortescue Metals has resigned just six months after taking the top job, with the iron ore miner posting a steep decline in profits.
Rate hike chances rise modestly after Fed’s Jerome Powell speech August 25, 2023 Interest rate futures tied to the Federal Reserve’s policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell’s speech. The Fed is widely expected to hold rates steady at the Sept. 19-20meeting. Powell said on Friday Fed policymakers would “proceed [...]
Lenovo hit by global slump in PC demand following pandemic frenzy August 17, 2023 Chinese computer maker Lenovo has reported a near quarter fall in revenues as global PC sales struggle to recover from a post-pandemic slowdown. Lenovo revenue shrank 24 per cent between April and June to $12.9bn (£10.1bn), below average Refinitiv forecasts of $13.8bn (10.9bn), as computer sales declined. Shares dipped over three per cent on Thursday [...]