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Coking coal miners caught between India's surging demand and Australia's taxes: Russell
By Clyde RussellMiners of coking coal in top exporter Australia face the dilemma of balancing expectations of strong demand growth from top buyer India against a royalty tax system they view as rapacious and punishing to investment.The high-quality fuel, also known as metallurgical coal, is used to…
reuters
WDP Acquires Two Logistics Assets In France For Around €52 Mln
Warehouses de Pauw NV EURONEXT:WDP:
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reuters
Roche - Announces Positive Phase III Krascendo 1 Results For Divarasib In KRAS G12C Inhibitor
ROCHE HOLDING AG SIX:RO:
Gold rises on soft US jobs data, weaker oil; nonfarm payrolls in focus
By Pablo SinhaGold prices rose on Thursday as softer-than-expected U.S. jobs data and lower oil prices eased inflation concerns, while investors awaited the nonfarm payrolls report for cues on the Federal Reserve's policy path.Spot gold TVC:GOLD rose 0.9% to $4,065.51 per ounce, as of 0425 GMT, aft…
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Sodexo Q3 Revenue Eur 6.17 Billion Versus Consensus Of Eur 6.04 Billion
Sodexo SA EURONEXT:SW:
NEWS reuters
French far right ponders life beyond Le Pen as appeal ruling looms
By Elizabeth Pineau and Michel RoseFrench far-right leader Marine Le Pen faces a make-or-break court ruling on July 7 on her bid to overturn an election ban, a verdict that could knock her out of the 2027 presidential race or clear the way for her to seek the top job for a fourth time.France’s poli…
NEWS reuters
How France's Le Pen ended up fighting in court to save her presidential hopes
By Juliette JabkhiroFrench far-right leader Marine Le Pen awaits a crucial appeal ruling in Paris next week that will determine whether she can run in the 2027 presidential election, after being barred from public office over a conviction for misusing EU funds.Here's how the longtime leader of the…
NEWS reuters
Net-zero champion Europe snared by climate change on its doorstep
By Maria Martinez and Kate AbnettThe June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global warming in a continent once complacent about its relatively gentle climate and its ambitious goals on reducing emissions.The European Union…
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Sodexo raises full-year revenue target after stronger-than-expected quarter
French food caterer Sodexo EURONEXT:SW raised its full-year organic revenue growth forecast on Thursday, citing stronger-than-expected third-quarter performance.It now expects organic revenue growth between 1.2% and 1.5%, instead of its previous projection of 0.5% to 1%.Sodexo's revenue rose 2% to…
Palm muted as higher output pressure rises and demand lags
Malaysian palm oil futures were range-bound on Thursday, as expectations of higher output weighed on the market, while export demand has yet to show any meaningful recovery.The benchmark palm oil contract (FCPOc3) for September delivery on the Bursa Malaysia Derivatives Exchange fell 10 ringgit, or…
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SNB sees Swiss banks well placed to face challenges, UBS well capitalised
The Swiss National Bank said on Thursday the country's banks were in a good position to cope with current macroeconomic and financial challenges, and noted that UBS SIX:UBSG appeared well capitalised as it faces tougher capital requirements."The Swiss banking sector is well positioned to withstand…
Indian shares rise as crude prices drop, IT stocks rebound
By Vivek Kumar MIndian shares rose in early trade on Thursday as a drop in crude oil prices on U.S.-Iran talks and a rebound in information technology stocks after four sessions of losses aided investor sentiment.The benchmark Nifty 50 NSE:NIFTY rose 0.34% to 24,088.55, while the BSE Sensex BSE:SEN…
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JGB yields extend rise after weak 10-year bond auction
By Junko FujitaJapanese government bond (JGB) yields extended their rise on Thursday as a weak auction of 10-year bonds highlighted investor concerns about heavier government spending.Here are a few details:
Sumitomo Chemical Says Obtained Us Registration For New Herbicide Rapidicil And Crop Protection Products Containing Rapidicil
Sumitomo Chemical Co Ltd TSE:4005:
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Indonesian groups urge global money-laundering watchdog to review Danantara bond protections
By Stefanno SulaimanA coalition of Indonesian civil society groups has urged the Financial Action Task Force, a Paris-based global dirty-money watchdog, to review legal protections given to buyers of special bonds issued by Indonesian sovereign wealth fund Danantara, warning Jakarta may breach anti…
SoftBank's LY, Bain raise Kakaku bid again with $4.1 bln valuation
SoftBank's LY Corp TSE:4689 and Bain Capital have again raised their bid for Kakaku.com TSE:2371, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer from Sweden's EQT OMXSTO:EQT.In the legally binding offer unveiled late…
Shares pull back as markets await likely payrolls beat
A look at the day ahead in European and global markets from Stella QiuGlobal shares are pulling back after a bumper quarter. Quarter-end rebalancing was partly to blame but there are also bubbling concerns about how long the AI party will go on. News that Meta plans to sell excess AI compute does m…
Aluminium edges up, supported by manufacturing strength
Aluminium edged up on Thursday, supported by signs of strength in the manufacturing sector.Benchmark three-month aluminium LME:AH1! on the London Metal Exchange was up 0.59% at $3,094 a metric ton by 0300 GMT.The most-traded aluminium contract on the Shanghai Futures Exchange COMEX:ALI1! added 0.09…