Finance

The policy, which takes immediate effect, aims to keep resource wealth within Malawi and could capture up to $500 million annually through domestic processing. “I will not allow exportation of raw materials from our mines,” Mutharika declared during a cabinet […]

The US and Australia have signed a deal intended to boost supplies of rare earths and other critical minerals, as the Trump administration looks for ways to counter China’s dominance of the market. Australian Prime Minister Anthony Albanese said the […]

The East African country is looking to convert some of the 5.38 billion it owes China into the East Asian country’s legal tender. The conversation was initiated by Eyob Tekalign, the governor of Ethiopia’s central bank in September when he […]

HSBC on Friday forecast that gold’s bull rally would drive prices as high as US$5,000 (RM21,150) an ounce in 2026, supported by elevated risks and the impact of new entrants into the market. Spot gold breached the US$4,300 level on […]

Gold extended its rally to breach US$4,200-per-ounce for the first time on Wednesday on expectations of more US interest rate cuts, while broader economic and geopolitical uncertainty also led investors to buy the safe-haven metal. Spot gold was up 1.6% […]

European lottery group Allwyn International and Greek gaming firm OPAP will merge in an all-share deal valuing the new company at 16 billion euros ($18.56 billion), they said on Monday, creating one of the world’s biggest lottery operators. Privately owned […]

Citigroup Inc is joining a group of nine European lenders developing a regulated euro-based stablecoin, the latest move by a large financial institution into the fast-growing area of digital money. The New York-based bank intends to take part in the consortium […]

Copper struck $11,000 per metric ton on Thursday, a milestone not seen for 16 months as investors piled into the metal after a series of disruptions to mine supply led to fears of shortages, while aluminium hit a more than […]

Exchange-traded funds (ETFs) tracking crypto assets drew record inflows of $5.95 billion globally last week, as strong demand for digital assets helped propel bitcoin to an all-time high. Digital asset investment products garnered the record capital in the week ended […]

Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve. Spot gold was up 0.7% […]