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Gold Surges to $5,170 as Trump’s 15% Global Tariff and Iran Sanctions Shake Markets
Stock Market News· 2026-02-26 00:08
Global Markets and Safe-Haven Demand - Gold prices stabilized around $5,170 an ounce as geopolitical and trade uncertainties prompted investors to seek safe-haven assets, driven by President Trump's proposal to raise global tariffs to 15% following a Supreme Court ruling limiting his trade powers [2][3] - The U.S. Dollar Index declined, further supporting gold prices, while fresh U.S. sanctions on Iran and military buildups in the Middle East added to market volatility, establishing a strong floor for precious metals [3] Major Corporate M&A: Engie's UK Expansion - Engie (ENGI) announced the acquisition of UK Power Networks for an equity value of £10.5 billion, with an enterprise value of approximately £15.8 billion, marking a strategic shift to enhance long-term earnings visibility [4][5] - The acquisition allows Engie to control a grid network serving 8.5 million customers in London and Southeast England, aligning with the UK's investment in power infrastructure to achieve carbon-neutrality goals [5] Asia-Pacific Market Performance - The S&P/ASX 200 in Australia reached a record high of 9,202.90 points, driven by strong performances from major miners and the "Big Four" banks, reflecting high investor confidence despite global trade tensions [6] - In Japan, the Nikkei Average futures rose 0.92%, influenced by positive global equity sentiment, while the fixed-income market faced pressure as benchmark 10-year JGB futures fell, leading to higher yields [7] Geopolitical Tensions in North Korea - North Korea conducted a large-scale military parade showcasing new AI-based strategic weapons, with leader Kim Jong Un pledging to expand the country's nuclear arsenal in response to perceived external threats [8][9] - Despite the military display, Kim expressed openness to improved relations with the U.S. if significant concessions are made regarding sanctions, although analysts remain skeptical about potential diplomatic breakthroughs [10]
Sendero Resources Announces Listing on Frankfurt Stock Exchange
Thenewswire· 2026-02-24 21:05
Vancouver, British Columbia – (February 24, 2026) – TheNewswire - Sendero Resources Corp. (TSXV: SEND)(FSE: 9O40) (the “Company” or “Sendero”) is pleased to announce that its common shares have been accepted for listing on the Frankfurt Stock Exchange (“FSE”) and have started trading under the symbol 9O40.The Frankfurt Stock Exchange is one of the world’s largest securities trading platforms and provides access to a broad base of European institutional and retail investors. The FSE listing is expected to ...
Rio Tinto vs. BHP Group: Which Mining Stock is the Better Buy Now?
ZACKS· 2026-02-24 15:50
Key Takeaways Rio Tinto and BHP boost copper and iron ore output while advancing major growth projects.Rio Tinto achieved its first copper at Johnson Camp and sees 20.2% EPS growth for 2026.BHP raised fiscal 2026 copper guidance and advances Jansen potash toward 2027 start.Rio Tinto Group (RIO) and BHP Group Limited (BHP) are both familiar names operating in the Zacks Mining - Miscellaneous industry. As rivals, the companies are focused on the extraction of minerals including copper, zinc and iron, etc., an ...
S&P/ASX 200 closes lower as Australian shares struggle for momentum amid tariff tensions and suspense over inflation data; check top gainers and losers
The Economic Times· 2026-02-24 08:47
S&P/ASX 200 closed lower on Tuesday (February 24, 2026) as Australian shares struggled for momentum, with losses in heavyweight banks offsetting gains in miners. Investors remained cautious ahead of key domestic data and sought clarity on the latest tariff salvo.The S&P/ASX 200 closed down just 3.70 points to 9,022.30. According to the ASX website, over the last five days, the index has gained 0.71% and is currently 1.05% off of its 52-week high. The bottom-performing stocks in this index were ARB CORPORAT ...
TNR Gold NSR Royalty Update - Ganfeng's Mariana Lithium Completed the First Export of Lithium Chloride
TMX Newsfile· 2026-02-23 14:08
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2026) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that Litio Minera Argentina S.A., a subsidiary of Ganfeng Lithium ("Ganfeng Lithium") has provided an update on the Mariana Lithium Project in Argentina. TNR holds a 1.5% Net Smelter Return Royalty ("NSR") on the Mariana Lithium Project, of which a 0.15% NSR Royalty is held on behalf of a shareholder.On February 18, 2026, Litio Minera Argentina S.A. stat ...
Faraday Copper Announces up to C$100 Million Private Placement with Participation by the Lundin Family Trust and BHP
Accessnewswire· 2026-02-23 12:05
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / February 23, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to C$100,002,000 (the "Offering") from strategic and other investors, including Lundin Family Trusts (as defined below) and a wholly owned subsidiary of BHP Group Limited ("BHP"). The Co ...
S&P/ASX 200 closes lower amid US tariff volatility, most sectors fall while miners defy trend; check top gainers and losers
The Economic Times· 2026-02-23 07:43
The Australian sharemarket on Monday (February 23, 2026) closed with a drop as fresh uncertainty around U.S. tariff policy unsettled investors. The S&P/ASX 200 closed lower, dropping 55.40 points, or 0.61%, to 9,026.00. The downward trend in Australian shares dragged most sectors lower except miners, which gained on safe-haven flows, as reported by news agency Reuters. Markets were left with a murky picture after the U.S. Supreme Court struck down US President Donald Trump’s emergency tariffs, prompting ...
Rio Tinto Group's Performance and Growth Amidst Downgrade
Financial Modeling Prep· 2026-02-22 16:00
Rio Tinto Group (NYSE:RIO) is a leading global mining company known for its extensive operations in iron ore, aluminum, copper, and other minerals. The company is a major player in the mining industry, competing with giants like BHP and Vale. On February 22, 2026, Goldman Sachs downgraded RIO from a Buy to a Neutral rating, with the stock priced at $97.09 at the time.Despite the downgrade, Rio Tinto has shown significant growth in its iron ore production. In the fourth quarter of 2025, the company increased ...
Anglo American plc (OTC:AAUKF) Earnings Report Highlights
Financial Modeling Prep· 2026-02-21 13:00
Anglo American plc (OTC:AAUKF) reported an EPS of $0.36, missing the expected $0.52 but exceeded revenue expectations with $10.89 billion.The company announced $1.8 billion in run-rate cost savings and is pursuing a strategic merger with Teck Resources.The price-to-sales ratio of 2.29 and a current ratio of 2.31 indicate investor confidence and a strong ability to cover short-term liabilities.Anglo American plc, trading as AAUKF on the OTC exchange, is a global mining company with a diverse portfolio that i ...
BHP: Decent Quarterly Results Tied To Copper, But Demand May Disappoint (Downgrade)
Seeking Alpha· 2026-02-20 23:16
BHP Group Limited ( BHP ) reported its fiscal year 2026 Q2 results , and by most metrics, we saw continued improvement. However, with a significant share price gain of over 40% in the past year, much ofAnalyst’s Disclosure: I/we have a beneficial long position in the shares of VALE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship ...