What a war with President Trump could cost Elon Musk’s business empire
The once-close alliance between Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, and President Donald Trump has unraveled into…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Laopu Gold’s HK$1,000 share price tests rally as valuation, access concerns mount
Laopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June…
India’s energy transition accelerates as coal declines and renewables surge
In May, India witnessed its most significant drop in coal-fired electricity production in half a decade. This decline coincided with…
Nonfarm payrolls report looms: what could move markets and test investor nerves
The stakes are rising ahead of the May nonfarm payrolls report. For months, investors bet on a soft landing: cooling…
ECB cuts key rate by 25 basis points, citing cooling inflation
The European Central Bank on Thursday delivered a widely expected quarter-point rate cut, lowering its deposit facility rate to 2%…
UK’s Centrica signs $27B gas deal with Norway’s Equinor
British energy giant Centrica, the owner of British Energy, has entered into a substantial long-term agreement with Norwegian energy company…
Kimberly-Clark sells majority stake in global tissue unit to Brazil’s Suzano
Kimberly-Clark announced Thursday that it has reached an agreement with Brazilian pulp manufacturer Suzano to sell a controlling stake in…
Silver soars to 13-year high; can prices rise further?
Silver prices have breached the psychological barrier of $35 per ounce and have hit an over 13-year high on Thursday. …
Trump, Xi Jinping speak for 90 mins, new US-China trade talks announced
US President Donald Trump said trade officials from the United States and China will meet soon, though a location and…