Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority. SK Innovation agreed to pay its rival, an LG Chem Ltd unit, 2 […]

A gradual recovery in EU refiner profitability is the scenario we envisage amid continued travel restrictions, with further refining-capacity reductions and vaccine rollouts the key determinants.

MELBOURNE Reuters Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi coppergold mine in Mongolia. Rio and Turquoise Hill will restructure debt payments of up to 1.4 billion with lenders and look to raise up to 500 million […]

JAKARTA, April 9 Reuters Indonesias central bank considers the rupiah exchange rate to be stable despite recent depreciation triggered by rising U.S. Treasury yields, Governor Perry Warjiyo said on Friday. We have stabilised our exchange rate. Praise be to God that if we compare with other countries, although we are seeing a depreciation of 3 […]

LONDON, April 9 Reuters Fund manager Ashmore Group has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021. Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points and the real […]

Rates as of 0500 GMT Market Recap Another day, another leg lower for GBP. Selling sterling seems to be the markets main occupation nowadays. Once again the selling of sterling may have been connected to buying of euros, which gained for the fourth day to recover the 1.19 level, last seen in the morning when […]

S&P Global Clean Energy index upheaval may herald shifts for ICLN and INRG, two big iShares ETFs, but also drive renewed interest in the sector as the eligible stock pool expands and policies extend support.

SYDNEY, April 9 Reuters The Australian dollar stumbled on Friday, pulling down the New Zealand dollar too, due to worries about a slowdown in Australias coronavirus vaccine rollout after the imposition of agerelated restrictions on the use of AstraZeneca shots. The Australian dollar was last down 0.6 at 0.7607, almost reversing its gains from Thursday […]

TOKYO, April 9 Reuters Japanese government bond futures edged higher in subdued trade on Friday as dealers took stock of bond auctions this week that were largely met with healthy demand. Sentiment for fixed income was slightly bullish, but investors avoided taking out big positions before important auctions of U.S. Treasuries and the release of […]

Asset managers globally are on track for a healthy quarter, boosted by elevated asset prices entering the year.