By Lewis Jackson, Jiaxing Li and Amy Lv BEIJING/HONG KONG (Reuters) -Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing overcapacity across the world’s second-largest economy. Prices for nine industrial commodities including coal, steel, polysilicon, a building block for solar panels, alumina and lithium…
Glencore has launched a $1bn (£792m) share buyback programme despite recording a 16 per cent drop in adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) in 2024. The firm’s EBITDA fell to $14.4bn, down from $17.1bn in 2023, while adjusted earnings before interest and tax (EBIT) fell by a third. Despite the fall, the…
BANGKOK (AP) — Shares skidded Thursday in Asia after U.S. stocks tumbled to one of their worst days of the year when the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought. The Fed cut its key rate by a quarter of a percentage point to between 4.25% and 4.5%,…
Don’t assume “an eye for an eye” response as Israel contemplates its next move against Iran and its proxies, with a top energy expert warning that oil markets aren’t fully pricing in geopolitical risks. Following the barrage of missiles Tehran launched at Israel earlier this week in retaliation for the killing of Hezbollah leader Hassan Nasrallah…