Shell has released its inaugural energy transition progress report following the introduction of its Powering Progress strategy in 2021. During our Capital Markets Day in June 2023, we highlighted how our strategy is designed to generate more value (...)
BHP Group announced that some contractors at its West Musgrave nickel and copper project in Western Australia have left as the company considers pausing its nickel division due to low prices, Reuters reported on Monday.
The company has reduced the (...)
The dollar remained stable on Monday as traders anticipated a week filled with central bank meetings worldwide, Reuters reported.
The Bank of Japan is expected to end negative rates, while the Federal Reserve's rate cut projections are in (...)
Asian shares rose on Monday as Chinese data exceeded expectations, while investors braced for a series of central bank meetings this week that could signal changes in monetary policy, as reported by Reuters on Monday
China reported a seven per cent (...)
The Japan Bank for International Co-operation (JBIC) is teaming up with South Korean and German government-affiliated financial institutions, to provide a $2.5 billion loan for the Chilean copper mine expansion, Nikkei stock exchange reported on (...)
Jet Zero Australia, a biofuel refiner, has secured new funding of A$29 million ($19.2 million) for its Sustainable Aviation Fuel (SAF) project, Reuters reported on Tuesday.
The funding comes from Idemitsu, Qantas, and Airbus, with Idemitsu making (...)
Russia's seaborne coal exports to Asia have been showing a downward trend in recent times, including a decrease in shipments of both thermal grades and metallurgical coal, which is utilised in steel production, Reuters reported on Tuesday.
In (...)
Japan is bolstering its long-term liquefied natural gas (LNG) reserves, particularly from allies like Australia and the United States, as contracts with key providers such as Russia are slated to conclude by the early 2030s, according to (...)
India and the European Free Trade Association (EFTA), signed a trade agreement with a $100 billion investment over 15 years in India's market, Reuters reported on Sunday.
After 16 years and 21 rounds of negotiations, the deal was praised by Swiss (...)
Saudi Aramco's CEO, Amin Nasser, announced on Sunday that the company was exploring further investment opportunities in China due to robust and growing oil demand, according to Reuters.
Despite a 24.7 per cent drop in net profit to $121.3 billion (...)
India's rupee has surged to a six-month peak, becoming Asia's top-performing currency this year as foreign investors continue buying local bonds ahead of the country's inclusion in global debt indexes, Bloomberg reported on Thursday.
Analysts (...)
Oil tankers used by Russia have ceased operating under the Liberian and Marshall Islands flags due to increased US sanctions enforcement, which highlights the close ties between the US and the flag administration companies of these countries, which (...)
Australian consumer price inflation remained at a two-year low in January, defying expectations for an increase and reinforcing the view that interest rates are unlikely to rise further, Reuters reported on Wednesday.
The focus will now shift to (...)
US aluminium producer Alcoa has proposed a $2.2 billion all-stock buyout of its Australian joint venture partner Alumina, Reuters reported on Monday. This deal would provide Alcoa with greater exposure to upstream operations and simplify its overall (...)
China is willing to collaborate with New Zealand to enhance co-operation in the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Reuters reported on Monday, citing state Commerce Minister.
The (...)
Slowing financial stress on a global scale has made the yen-financed carry trades more attractive. This, however, increases the risk of depreciation for the currency, potentially prompting intervention from Japanese authorities, Bloomberg (...)
حصلت شركة Australia Target Systems (ATS) على عقد لتوفير قدرات إطلاق النار الحية لدعم التدريب العسكري في كانبيرا.
ستعمل المبادرة الخمسية، التي تبلغ قيمتها 33 مليون دولار أسترالي (21.6 مليون دولار)، على توفير أنظمة الأهداف "المتطورة" وخدمات الدعم (...)
The Reserve Bank of Australia (RBA) requires more time to ensure that inflation is decreasing before ruling out another interest rate hike, according to minutes of its February 5-6 Board meeting cited by Reuters on Tuesday.
The RBA considered (...)
Australia is providing support to its struggling nickel mining sector by enabling the industry to tap into a portion of the A$4 billion ($2.7 billion) federal government fund intended to promote essential minerals for energy transition, Reuters (...)
Oil fell from its highest point in three weeks as persistent worries about the outlook for demand outweighed the ongoing tensions in the Middle East, Bloomberg reported on Monday.
Brent crude dropped below $83 a barrel after rising by almost 8 per (...)
A new analysis by Global Witness reveals that European and US oil and gas majors have raked in a staggering $281bn in profits since the Russia-Ukraine war two years ago. This windfall, driven by soaring energy prices, coincides with mounting (...)
New Zealand is in a "fragile" state and needs to get its public finances back in order before developing a stronger economy, Bloomberg reported citing the country's Prime Minister Christopher Luxon.
In his first State of the Nation address since (...)
Tokyo Gas, Japan's largest city gas supplier, has set a goal for its U.S. shale gas and related businesses to account for 50 per cent of its targeted $333 million overseas profit by 2030, Reuters reported on Thursday, citing the company's (...)
Bitcoin weathered a strong U.S. inflation report that unsettled global markets and dampened expectations for quick interest rate cuts.
As of 10:21 a.m. Wednesday in Singapore, the digital currency traded at $49,500, close to its highest level in (...)
The Commonwealth Bank of Australia (CBA) warned on Wednesday of potential economic risks in the country due to high interest rates and persistent inflation, Reuters reported.
The country's largest lender registered a drop of eight per cent to record (...)