By Bernadette ChristinaIndonesia is to start its national B50 fuel mandate, a blend of 50% palm-based diesel and 50% conventional diesel, on Wednesday as part of its push for energy independence, but slumping oil prices and costlier palm oil threaten its viability, analysts say.The plan to alter th…
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Indonesia's stock exchange has set a target to increase its market capitalisation to 30,000 trillion rupiah ($1.68 trillion) by 2030, exchange chief Jeffrey Hendrik said on Tuesday.($1 = 17,875 rupiah)
Egypt's electricity and petroleum ministers met on Tuesday to coordinate fuel supply and grid management ahead of a summer in which power demand is expected to rise 8% over last year's record peak of 40,000 megawatts, according to a joint ministry statement.
*CARLYLE, ALSOK - TENDER OFFER FOR NIPPON DRY-CHEMICAL SUCCESSFUL WITH 14,162,145 SHARES TENDEREDSource textFurther company coverage:
South African inflation expectations rose sharply in the second quarter of 2026, a survey showed on Tuesday, as the oil price shock triggered by the Iran war made analysts, business people and trade unions all raise their forecasts.
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The Philippine inflation rate was likely to fall within a range of 6.0% to 7.0% in June, the central bank said on Tuesday, reflecting lower prices of major food items and higher electricity rates."The BSP will remain vigilant and guided by incoming data, particularly on inflation and growth prospec…
CBOT September corn (CU26) may break resistance at $4.12-3/4 per bushel and bounce further to $4.15-1/2.The contract stabilized around a support at $4.08-1/2, the 100% projection level of a wave c from $4.26-3/4. The stabilization suggests a completion of this wave or its first part.A break below…
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Polish grid operator has called on power producers to meet their capacity market obligations on Tuesday evening to boost generation reserves for high demand amid heatwave coinciding with low generation from wind farms, the company said.
By Andrew SilverEli Lilly has transferred the mainland China commercialization rights for its breast cancer drug Verzenios to Innovent Biologics, the Chinese drugmaker said Tuesday, as its U.S. partner grapples with generic competition in the world's second-largest pharmaceutical market.In a statem…
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Sainsbury's LSE:SBRY, Britain's second largest supermarket group, expects more food inflation to come through as a result of the Middle East conflict, its boss said on Tuesday."There is pressure in the system for sure and there will be some inflation to come through," CEO Simon Roberts told reporte…
British electric vehicle makers will have to pay £1.4 billion ($1.85 billion) in tariffs if there is no solution on local content requirements - known as rules of origin - with the European Union, the country's main car lobby group estimated on Tuesday.The imposition of the rules on the sourcing of…
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Australia's securities regulator said on Tuesday that a New South Wales court found that formerly listed airline Regional Express Holdings (Rex) breached its disclosure obligations tied to a February 2023 profit forecast.Here are a few details:
The Thai economy in May remained broadly stable compared to the previous month but likely slowed in June, with weak tourist arrivals weighing on activity despite government support measures, the central bank said on Tuesday.
By Maria MartinezThe number of unemployed people in Germany fell unexpectedly in June, labour office figures showed on Tuesday.In seasonally adjusted terms, the jobless figure fell by 1,000, while analysts and economists had predicted an increase of 7,000 in a Reuters poll.The overall adjusted numb…
STOXX NEAR PEAKS AS AI TRADE ROLLS ONEuropean shares got off to a firmer start on Tuesday, helped by gains in miners (.SXPP) and as optimism over the AI trade drove broad gains across chip stocks.The STOXX 600 TVC:SXXP rose 0.6%, extending its quarter-to-date gain to 9.7% and putting it on track fo…
