Commodities
South Africa's Jacob Zuma reportedly on the cusp of resignation
Jacob Zuma, South Africa's controversial President, was said to be in the middle of talks with the African National Congress' new leader Cyril Ramaphosa over a transition of power, with one source saying Zuma would resign as soon as a list of preconditions had been ironed out.
European Commission upgrades eurozone growth forecasts
The European Commission upgraded its forecasts for eurozone economic growth on Wednesday as the transition from recovery to expansion continues.
Hyundai set to be the leading firm selling electric cars in India
The Korean motor company Hyundai is set to be the first firm to introduce electric cars in India, taking advantage of Prime Minister Narendra Modi’s aim to make all new cars on the subcontinent electric by 2030.
China FX reserves rise again in January, analysts not sure if Beijing is intervening
China's foreign exchange reserves increased in January for the twelfth month in a row, but analysts are divided on whether Beijing has been intervening to brake recent strength in the yuan.
Citi lifts BP target price, sees soft signals on dividend increase
Analysts at Citi lifted their target price on shares of BP by 6% to 510p, while reiterating their 'neutral' recommendation on the shares, highlighting the "soft signals" of a rise in the dividend emanating from the company.
Strategic Minerals appoints new director to aid Redmoor redevelopment
AIM-quoted mining group Strategic Minerals has appointed former Wolf Minerals operations manager Jeffrey Harrison to its board as a non-executive director to support the planned redevelopment of its Redmoor project in Cornwall.
Nostra Terra completes drilling at Permian Basin project
Hydrocarbon resources group Nostra Terra Oil and Gas has successfully completed drilling at its Twin Well site in the Permian Basin, putting the project into production immediately.
Germany's Merkel agrees coalition deal to keep her in power
Angela Merkel has agreed a deal with coalition partners that will keep her in office for a fourth term as Germany’s chancellor, according to reports.