Saudi Arabia has created a mineral exploration incentive programme with a budget of over $182 million, the country's minister of industry and mineral resources said on Wednesday.
Major stock markets in the Gulf were subdued in early trade on Wednesday as investors were cautious ahead of U.S. inflation data, while geopolitical tensions in the region added to the worries.
European shares slipped on Wednesday, hurt by a decline in basic resources shares, while investors mulled over corporate earnings and geared up for a key U.S. inflation print for clues on the interest rate path.
The Philippine peso and the Thai baht fell most among emerging Asian currencies against the greenback on Wednesday, while equities were also under pressure ahead of crucial U.S. inflation data that will likely offer more clarity on the timing of rate cuts.
Central banks will have to intervene more frequently in government bond markets and policymakers should review prudential regulation to make the market more resilient, a provisional study by trade body ICMA said on Wednesday.
India's Prime Minister Narendra Modi on Wednesday made a strong pitch to woo global investors to the world's fastest growing large economy, saying there are new opportunities across sectors and regions for mutual prosperity.
The rouble firmed on Wednesday, extending its strengthening trend from the previous session, supported by central bank interventions and exporters' foreign currency sales after Russia's long New Year holidays.
Iron ore futures lost steam on Wednesday for a fifth consecutive session, with the Singapore benchmark at its lowest level in nearly three weeks, as the demand outlook was clouded by a weaker steel market and lack of fresh stimulus in top consumer China.
(RTTNews) - Pennon Group Plc (PNN.L), a water utility company, said that it has acquired 100% of the issued capital of Sumisho Osaka Gas Water UK Limited, the holding company of Sutton and East Surrey Water plc and certain other ancillary businesses, for 89 million pounds from Su
(RTTNews) - CGG (CGG) said on Wednesday that it expects a decline in segment revenue fourth-quarter. However, it projects a rise in the full-year segment revenue.
(RTTNews) - GSK plc (GSK, GSK.L) said that the China National Medical Products Administration has approved Nucala or mepolizumab as an add-on maintenance treatment for severe eosinophilic asthma in adults and adolescents aged 12 years and older.
British baker and food-to-go company Greggs said demand for seasonal products such as its Festive Bake, Christmas lunch baguette and hot drinks helped deliver a better-than-expected 9.4% rise in like-for-like sales in the fourth quarter.
Pertamina International Shipping (PIS), a unit of Indonesian state energy company Pertamina [PERTM.UL], said on Wednesday it plans to add six new very large gas carriers (VLGC) in 2024 as it eyes fleet expansion focused on gas transport.
British housebuilder Persimmon said on Wednesday that the housing market conditions would remain challenging this year, as broader economic woes continue to fuel affordability concerns.
Pluxee, the voucher and benefits unit of French food caterer Sodexo, targets organic revenue growth in a low double-digit percentage rate until 2026, aided by technology investments and targeted acquisitions in what it called an "attractive and vastly underpenetrated market".
Sainsbury's, Britain's second biggest supermarket group, on Wednesday kept its profit guidance for the full year after reporting a 7.4% rise in underlying sales for the key Christmas quarter.
Japan's Tohoku Electric Power said on Wednesday it will delay the restart of reactor No. 2 at its Onagawa nuclear station due to additional safety construction works, keeping all its nuclear power plants shutdown since the 2011 earthquake.
South Africa's rand weakened early on Wednesday against a stronger dollar, continuing its decline since the start of the week as traders awaited U.S. inflation data due on Thursday.
Reuters
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