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…