Abu Dhabi Stock Exchange Closes Slightly Lower with ADNOC Gas Leading Activity
Abu Dhabi Stock Exchange closed down 0.27% at 9,953.10, led by ADNOC Gas amid declines in Aldar and ADNOC Drilling.
Cocoa Prices Continue to Rise Amid Lower Surplus Projections and Indicator Demand
Cocoa prices rise 1.1% amid lower surplus forecasts and strong demand, driven by reduced stocks and potential index-related investments.
Silver Hits New All-Time High Amid Strong Industrial Demand
Silver prices hit a record $66/oz amid strong industrial demand and mixed U.S. labor data, with a cautious Fed outlook.
Aramco Drops to 23.58 SAR and PetroRabigh Faces Pressure at 6.88 SAR Amid Mixed Performance in Saudi Energy Stocks
Aramco and PetroRabigh faced selling pressure in the Saudi stock market, while drilling and energy service stocks saw gains.
Volkswagen Pressures Battery Unit 'PowerCo' After Spending Cuts and Seeks External Financing
Volkswagen reduces investments in PowerCo and searches for external financing amid financial pressure and slowing demand for electric vehicles.
Ford Cancels $6.5 Billion Battery Contract with LG Amid Electric Vehicle Restructuring
Ford cancels $6.5B battery deal with LG, signaling a shift in EV strategy amid restructuring and losses.
Egyptian Stock Exchange Declines Under Pressure from Banks and Real Estate, While Investment and Medical Stocks Rise
Egypt's stock market fell 0.37% amid declines in banking and real estate, while investment and medical stocks gained.
OpenAI Negotiates $10 Billion Deal with Amazon to Use Trainium Chips
OpenAI is in talks with Amazon for a $10B deal, potentially using Trainium chips, boosting both companies in AI market competition.
Gold Approaches Historic Highs Amid Rate Cut Bets and Rising Geopolitical Risks
Gold nears record highs on Fed rate cut bets, weak US jobs data, and rising geopolitical tensions, boosting safe-haven demand.
Apple Considers Shifting iPhone Chip Assembly to India for the First Time
Apple is exploring the possibility of shifting the assembly of iPhone chips to India, marking a new step to support its supply chain and reduce reliance on China.
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