Global fuel and food prices will rise sharply this year due to Russia's military operation in Ukraine, the World Bank said on Tuesday.
According to its latest Commodity Markets Outlook report, energy prices will soar 50.5% in 2022 in relation to the previous year, and by 2023, they are expected to fall...
European Central Bank (ECB) President Christine Lagarde stressed on Monday the numbers concerning inflation are influenced mainly by the factors that are "largely temporary" and that the institution takes "numbers and projections as they come."
Lagarde asserted inflation is expected to remain...
Dutch lender ABN AMRO Bank NV announced on Wednesday that it plans to decrease its business banking division and to discontinue all trade and commodity finance activities.
According to the official statement, the company wants to focus its business division on regions in Europe "where scale...
The Nasdaq Stock Market and Dubai Gold & Commodities Exchange signed on Monday a market technology agreement which obliges Nasdaq to provide DGCX with a full suite of integrated marketplace solutions.
According to the official statement, Nasdaq’s real-time clearing solution will provide DGCX...
Yellow Cake Plc raised £150 million ($196 million) from investors for its purchases of uranium from JSC National Atomic Company Kazatomprom from Kazahkstan and said on Thursday that shares should start trading on the London Stock Exchange's AIM market on July 5. The initial public offering...
Swiss-based multinational commodity trader Trafigura Pte. Ltd. secured a large mid-term contract in the Democratic Republic of Congo for a material essential for electric car batteries, which indicates its determination to strengthen the position against the largest rivals. Chemaf Sarl, controlled by...
Precious metals prices jumped on Monday with gold hitting a ten-month high of $1,337.90 per ounce as investors turned to safe-haven assets following North Korea's latest nuclear test. Pyongyang said it successfully tested a hydrogen bomb which can be mounted on an intercontinental ballistic missile....
Oil prices declined on Friday ahead of the release of the Baker Hughes weekly rig count, reversing gains from the previous session as a significant number of refineries in the United States were temporarily closed due to the floods caused by Hurricane Harvey.
On Thursday, the US Department...
Rio Tinto has completed the sale of most of its Australian coal mines to Yancoal in a deal worth $2.69 billion, the company announced on Friday. The agreement stipulates Rio Tinto will receive $2.45 billion in cash for its Coal & Allied business, while the remaining $240 billion will be paid through...
United States oil inventories fell by 5.4 million barrels to 457.8 million barrels for the week ending August 25, the US Energy Information Administration (EIA) reported on Wednesday. The week before that, crude oil inventories decreased by 3.3 million barrels.
Crude oil inputs averaged over 17.7 million...
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