Canada’s Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure
Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called “insurtech” company that valued the business at $3 billion.
Asian stocks at month high ahead of U.S. jobs data, gold rises
Asian stock markets rose on Tuesday while gold flirted near five-month highs ahead of European and U.S. data this week that will likely offer clues on the health of the global economy.
Europe’s bourse share trading claims inaccurate, says industry body
The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to “perpetuate their dominance”.
Brent hits $71, highest since March, on demand prospects
Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, as expectations grew for increased fuel demand during the summer driving season in the United States, the world’s top oil consumer.
Dollar in doldrums as traders ponder Fed policy path; sterling soars
The dollar languished near multi-month lows versus major peers on Tuesday, as traders pondered the prospects for early policy normalisation by the Federal Reserve ahead of a key jobs report at the end of the week.
EXCLUSIVE G7 to back minimum global corporate tax and support economy – draft
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria
BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said.
As Japan loses training camps, Olympics buzz fades
Ahead of the Tokyo 2020 Olympics, the Japanese city of Kamo spent 70 million yen ($640,000) on horizontal bars, gymnastic mats and other upgrades to training facilities for 42 Russian gymnasts and coaches who now won’t be coming. The team scrapped plans for pre-Olympics training in Japan because of the resurgent COVID-19 pandemic, local officials […]
Tesla’s vehicle price increases due to supply chain pressure, Musk says
The price of Tesla (TSLA.O) vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet.
