Novo Nordisk shares fall as it slashes 2025 outlook amid US sales drag
Copenhagen-listed shares of Novo Nordisk plunged more than 21% on Tuesday after the Danish pharmaceutical company issued a profit warning,…
IMF nudges up global growth forecasts amid tariff volatility and geopolitical risks
On Tuesday, the International Monetary Fund (IMF) modestly raised its global growth predictions for 2025 and 2026, noting unexpectedly strong…
Fed meeting in focus: No rate cut, but Powell’s words may signal what’s next
The US Fed meeting is all set to begin on Tuesday, and investors are certain that the central bank will…
Global wheat outlook: harvests, exports, and tight stocks drive price revisions
Recent activity in the wheat market has led to price fluctuations within a narrow band. Prices have hovered around 540…
Panama Canal ports deal faces uncertainty as CK Hutchison seeks new consortium composition
On Monday, CK Hutchison announced ongoing discussions with a consortium regarding its $22.8 billion ports business. The talks involve incorporating…
Is Türkiye’s economy really improving or just a mirage?
In the past two years, Türkiye’s economy has undergone one of the most aggressive reorientations in its modern history. Interest…
Platinum miners recover but new production requires price surge, Valterra CEO says
Most mines have recovered from loss-making positions due to the platinum price rally in the first half of 2025, but…
Saudi Arabia poised to raise September crude prices to five-month highs
For the second consecutive month, Saudi Arabia, the world’s largest oil exporter, is poised to increase crude oil prices for…
US LNG stocks rally as EU commits $750B to American fuel imports
Liquefied natural gas developers led a surge in US energy shares on Monday after the European Union committed to $750…
Argentina’s economic recovery set to slow ahead of crucial October elections
The economic recovery in Argentina, which began with a robust start in early 2025 after years of underperformance, is poised…