China Copper Gauge at Zero Offers Stark Warning to Metals Bulls
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.
Eni SpA increased its planned share buyback this year to €1.6 billion ($1.7 billion) due to stronger cash flow, while reporting profit in the first quarter that matched estimates.
Investors rejected Woodside Energy Group Ltd.’s climate strategy in an advisory vote as Australia’s largest energy company attempts to trim emissions while also expanding production of oil and natural gas.
Shares of Tencent Holdings Ltd. have surged more than 10% this month, outperforming the Magnificent Seven and underscoring global investors’ growing appetite for China’s undervalued megacaps.
Silchester International Investors, a London-based firm that has advocated for corporate change in Japan, disclosed it has taken a stake in Nikon Corp., pushing the shares up by the most in more than a decade.
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