The domestic markets have remained largely flat over the past three months, despite headwinds such as the increasing imposition of US penal and non-penal tariffs and ₹850 billion worth of FII selling, the latest report by PL Capital read. Favourable monsoon conditions and an anticipated recovery in domestic demand have been key factors helping the markets withstand the prevailing negative news flow.The brokerage noted that as geopolitical situation remains fragile, and India is absorbing the impact of penal ...

Dangote Cement has opened a plant in Ivory Coast, which has one of the fastest-growing economies in the region https://t.co/8dqLH0RThi ...

On Friday, the Commenting on Nifty’s trend, Rupak De, Senior Technical Analyst at LKP Securities, said the index’s Friday gain helped it break out of the recent consolidation range. He expects the positive momentum to continue as long as it sustains above key moving averages. “The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades. On the higher end, the Nifty may move towards 25,500–25,550, while on the lower end, support is placed at ...

But Russia's nominal GDP is now $2.2 trillion, about the same level it was in 2013, the year before Russia annexed Crimea.During Putin's first two terms as president from 2000 to 2008, Russia's economy soared to $1.7 trillion from less than $200 billion in 1999.Russia's Center for Macroeconomic Analysis and Short-term Forecasting - an influential research non-profit - said sectors of the economy not connected with the military had contracted by 5.4% since the start of the year. The Center forecasts a major ...

But Russia's nominal GDP is now $2.2 trillion, about the same level it was in 2013, the year before Russia annexed Crimea.During Putin's first two terms as president from 2000 to 2008, Russia's economy soared to $1.7 trillion from less than $200 billion in 1999.Russia's Center for Macroeconomic Analysis and Short-term Forecasting - an influential research non-profit - said sectors of the economy not connected with the military had contracted by 5.4% since the start of the year. The Center forecasts a major ...

Summary of Conference Call Notes Industry Overview - **Industry**: Greater China Materials - **Market Condition**: A liquidity-driven bull market is ongoing, supported by supply disruptions, which is positively impacting commodity prices [1][2][17] Key Insights Commodity Preferences - **Preferred Commodities**: Gold, copper, and aluminum equities are favored in the current market environment due to their strong performance and demand [1][2][17] - **Gold Outlook**: Anticipated further upside in gold prices driven by a weakening USD, strong ETF buying, and central bank purchases, alongside safe haven demand amid uncertainty [2][18] - **Copper Supply Dynamics**: Supply disruptions are expected to widen the global copper supply deficit in 2026, with a supportive macro environment of abundant liquidity and a weak dollar [19] - **Aluminum Margins**: Higher margins for aluminum smelters are projected due to capped capacity in China and limited ability to restart idled capacity in the US/Europe [20] Demand and Supply Trends - **Retail Demand**: Retail growth in autos and home appliances has weakened, attributed to a high base and early demand from trade-in subsidies [3] - **Construction Activity**: Property sales and construction remain subdued, with expectations for a major policy pivot requiring endorsement at the 4th Plenary Session [3] - **Anti-involution Policies**: Industries such as coal, cement, glass, and steel are facing production controls to curb overproduction, with specific guidelines issued to stabilize prices [4][21] Specific Sector Insights - **Cement Industry**: Policies to control overproduction are expected to lead to a 20% capacity exit during 2025-26, benefiting industry leaders through consolidation [21] - **Late-cycle Building Materials**: Demand for late-cycle building materials is expected to remain soft, although improvements may arise from secondary home sales and government programs [22] - **Lithium Demand**: Strong demand for lithium is noted, with potential supply disruptions due to resource reclassification at several mines [23] Price Forecasts - **Commodity Price Projections**: - **Gold**: Expected to rise to $4,400/oz by 2026, a 33% increase from current estimates [15] - **Copper**: Projected to reach $10,650/ton by 2026, reflecting a 9% increase [16] - **Aluminum**: Anticipated price of $2,750/ton by 2026, an 8% increase [16] Investment Recommendations - **Overweight Stocks**: CMOC, Hongqiao, Chalco, Anhui Conch, CNBM, and Baosteel are highlighted as preferred investment choices in the materials sector [2][17] - **Underweight Stocks**: Companies such as China Coal, Asia Cement, and Yancoal are recommended for underweight positions due to unfavorable market conditions [14] Additional Considerations - **Uranium Market**: Strong price momentum is expected in uranium, supported by major investment vehicles and contracting from utilities [24] - **Rare Earths**: Prices are anticipated to remain strong due to good downstream demand and tightened supply-side controls in China [25] This summary encapsulates the key points from the conference call, providing insights into the current state and future outlook of the Greater China materials industry.

The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision. The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of an internal document that has not become public yet. All of the proposed cuts are grants that had been awarded under the Bipartisan Infrastruct ...

The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision.The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of a internal document that has not become public yet. All of the proposed cuts are grants that had been awarded under the Bipartisan Infrastructure L ...

, /PRNewswire/ -- Bladex (NYSE: BLX) announced the successful closing of a syndicated loan totaling US$206 million in favor of Cemento Panam to finance the acquisition of CEMEX's operations in Panama. The seven (7)-year term loan, structured and initially fully underwritten by Bladex (as "Sole Lead Arranger & Bookrunner"), included the participation of BAC Panama and Global Bank. Bladex also acts as Administrative Agent and Collateral Agent for the syndicated loan. Cemento Panam is a subsidiary of Grupo Est ...

Equity benchmark indices rebounded sharply on Wednesday after an eight-day slump, with the Sensex jumping 715.69 points, helped by buying in bank and financial stocks after the RBI left key interest rates unchanged and revised upward its growth estimates for the current fiscal to 6.8 per cent.Photograph: Francis Mascarenhas/ReutersThe 30-share BSE Sensex jumped 715.69 points or 0.89 per cent to settle at 80,983.31.During the day, it surged 800.81 points or 0.99 per cent to 81,068.43. The 50-share NSE Nifty ...