Global palladium market to swing to surplus in 2024 - Nornickel

Russia's Nornickel expects the global palladium market to swing to a surplus of 300,000 troy ounces in 2024 from a deficit of 200,000 ounces in 2023 due to recycling outpacing demand recovery, the miner said on Wednesday.

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31-05-2023

Texas battery rush: Oil state's power woes fuel energy storage boom

(Reuters) -BlackRock, Korea's SK, Switzerland's UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, developers and suppliers.

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31-05-2023

Unilever pivots to African suppliers as forex pressure mounts

Busari Kasali once lived with the fear that his cassava - a staple crop in his native Nigeria - would spoil before it got to market. Today, the 76-year-old says his main concern is keeping up with growing demand from consumer goods giant Unilever.

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31-05-2023

France in 'very close discussions' with S&P ahead of rating update

French Economy Minister Bruno Le Maire is in "very close discussions" with credit ratings agency Standard and Poor's, which put France on notice in January for a possible downgrade, Prime Minister Elisabeth Borne said on Sunday.

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28-05-2023

More insurers desert net-zero alliance as U.N. climate group sounds alarm

LONDON (Reuters) -Lloyd's of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of "political attacks" on insurers in the United States.

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26-05-2023

More insurers desert net-zero alliance as Carney's climate group sounds alarm

"Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero (GFANZ) said on Friday, after five insurers quit an industry climate group within 24 hours in the wake of pressure in the United States.

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26-05-2023

Carney's climate alliance warns 'political attacks' in U.S. damaging insurers

LONDON (Reuters) -"Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero (GFANZ) said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States.

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26-05-2023

Global money market funds attract heavy inflows as US debt ceiling looms

Global money market funds drew inflows for a fifth straight week in the seven days to May 24 as investors resorted to buying safer assets on caution with time running out for talks over raising the U.S. debt ceiling.

newspaper

26-05-2023

Fitch puts US rating on negative watch as debt deadline looms

(Reuters) -Ratings agency Fitch put the United States' credit on watch for a possible downgrade on Wednesday, raising the stakes as talks over the country's debt ceiling go down to the wire, and adding to the jitters in global markets. 

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25-05-2023