Market Pulse - Commodities
Opec and allies agree to extend production curbs
The Organization of the Petroleum Exporting Countries and its allies are to extend their production curbs, as they look to shore up the price of oil.
Saudi Aramco's mammoth IPO back on table - reports
Saudi Aramco, the world’s most profitable oil company, is once again considering a possible flotation, just months after its previous plans were shelved.
US proposes extra tariffs on EU goods over Airbus-Boeing spat
The US decided to add more goods from the European Union to a list of imports that could be hit with retaliatory tariffs as part of its long-running dispute with Airbus over alleged government subsidies.
Sirius Minerals on track to complete $3.8bn funding solution
Sirius Minerals' $3. 8bn funding solution for stage 2 financing requirements looked set to be completed by the end of September following the successful completion of a $425m equity offering and a $400m convertible bond sale.
Berenberg stays at buy on Hurricane Energy after Warwick Deep
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Hurricane Energy despite the disappointing the results of its Warwick Deep well on Monday, arguing that what most mattered for the oil explorer were its assets at the Lancaster field.
Apple shares poised to surge if trade war ends - Wedbush
Shares in Apple could rise by as much as $25 if talks to end the bitter trade war between the US and China prove successful, Wedbush Securities believes.
Applied Materials to buy Japan's Kokusai Electric for $2.2bn
Chip-making equipment supplier Applied Materials has agreed to buy Japan's Kokusai Electric from investment firm KKR for $2. 2bn in cash.
Brussels launches probe into Spanish aid for Peugeot
The European Commission will investigate if Spain broke state aid rules with a €21m grant awarded to French car giant Peugeot.
Iran breaches enriched uranium limit, says report
Iran’s enriched uranium stockpile has exceeded the 300 kilogram limit permitted under its nuclear deal, according to a report from the nation's semi-official Fars news agency on Monday which cited an "informed source".
Chinese manufacturing sector shrinks unexpectedly in June
Activity in China's manufacturing sector cooled further last month, prompting some analysts to anticipate slower economic growth overall and additional monetary easing from the People's Bank of China.