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Commodities News

Amplats says on track to demerge in 2025, plans secondary London listing

JOHANNESBURG (Reuters) -South Africa’s Anglo American (JO:AGLJ) Platinum (Amplats) expects its demerger from parent company Anglo American to be completed next year and is planning a secondary listing in London,

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Economy News

Economic Survey pegs India’s GDP growth rate at 6.5-7% for FY25

Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. India’s Gross Domestic Product (GDP) is likely to grow at 6.5% to 7%

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Economy News

Agri-products exports fall 3.24% in Q1 to $5.88 billion

The commerce ministry has identified factors such as the Red Sea crisis causing increase in freight cost, restrictions on rice exports and fall in global price of maize. India’s exports

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Economy News

Govt to ease rice export curbs

Move as stocks reach 3.5 times buffer; more quantities to be allocated to states Given the surplus rice stocks and robust kharif sowing, the government is considering relaxing the restrictions

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Commodities News

Oil market likely to be in surplus next year, Morgan Stanley says

(Reuters) – The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The tightness will

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Commodities News

Oil prices stable after Biden exit while rate outlook remains in focus

By Paul Carsten LONDON (Reuters) -Oil prices were little changed on Monday after Joe Biden announced he would not seek a second term as U.S. president, while investors watched for

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News Stock Market

GM, Ford profit may take a hit from cooling EV demand, US dealer software outage

By Nathan Gomes and Nora Eckert (Reuters) – General Motors (NYSE:GM) and Ford (NYSE:F) may post lower profit when they report quarterly results this week, as the industry’s high-stakes bet

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News Stock Market

A ‘gambling instinct’ has caused India’s surge in retail derivatives trading, government report says

MUMBAI (Reuters) – The sharp jump in derivative trading by Indian retail investors is likely driven by a “gambling instinct”, a finance ministry report said on Monday, cautioning that any

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News Stock Market

Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

By Akash Sriram (Reuters) – Tesla (NASDAQ:TSLA)’s second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk

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News Technology

Microsoft is no longer an ‘observer’ at OpenAI: What it means, what happens next

As reported by the Financial Times, earlier Microsoft was planning to join OpenAI’s non-profit board, but now it will no longer join the board After Apple, Microsoft ditches the observer

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