A South Korean court has rejected a move by two of Korea Zinc’s major shareholders, MBK Partners and YoungPoong, to block the zinc refiner’s planned new share issuance. The company is seeking to issue these shares to raise funds for a $7.4 billion smelter project in the US, according to a…
AST SpaceMobile Inc. has moved closer to offering space-based mobile connectivity by launching its largest satellite to date from India, said a Bloomberg report, marking a significant step in its global deployment strategy.The deployment marks a milestone for the Texas-based company as it seeks to challenge Elon Musk’s SpaceX in…
BP share price has pulled back in the past few weeks as investors have watched energy prices dip. The stock was trading at 427p, down by 10% from its highest point in November. So, will the stock rebound after the company starts its divestments?BP PLC made its first step in…
Waymo said it will update its automated driving software to better manage large-scale power outages similar to the San Francisco blackout to reduce delays when multiple vehicles require human oversight at the same time.An electricity failure in San Francisco last weekend exposed how self-driving taxi systems respond under citywide stress.…
Hanwha Ocean shares rose 12.5% in Seoul after President Donald Trump said the South Korean shipbuilder will help construct a new class of US Navy warships in Philadelphia as part of a broader US-South Korea deal.The plan features so-called Trump-class battleships, with the first vessel, USS Defiant, set to begin…
The rally in silver prices continued on Tuesday as prices breached the $70-per-ounce mark for the first time ever on robust physical and investment demand.Gold prices also hit a new record high, crossing the $4,500 per ounce mark on Tuesday on a weak dollar and geopolitical uncertainty.Meanwhile, oil prices fell…
Brazil’s IPCA-15 inflation gauge eased further below market expectations in December, reinforcing signs that price pressures are slowing and that full-year inflation is likely to end below the upper limit of the central bank’s target range.The IPCA-15 rose 0.25% in December, slightly faster than the 0.20% increase recorded in November,…
Russian wheat exports have surged in December, estimated by SovEcon at 3.9 million metric tons (mmt). This figure surpasses the 3.4 mmt exported a year earlier and nearly matches the record high of 4.1 mmt set in 2022, driven by accelerated shipments due to improving export margins.The profitability of Russian wheat…
Markets and policymakers across Europe are juggling fiscal pressure, political risk, and long-term bets on growth.In London, Rachel Reeves is setting up a key economic checkpoint as confidence remains fragile.Paris is scrambling to keep the lights on with another stopgap budget amid deficit fears.Meanwhile, European industry sits at the heart…
Big market moves are colliding with mixed economic signals as investors head into year-end.US growth is flashing strength, but soft spots are emerging beneath the headline numbers.In Asia, India’s central bank is burning reserves to slow a battered rupee. Corporate shake-ups continue in Europe as Nestlé accelerates its portfolio reset.Meanwhile,…