Jacob Zuma has announced his decision to step down as South Africa's president after his party reportedly threatened him with a no-confidence vote for as soon as Thursday.
Commodities are higher across the board as the US dollar weakens, with lessened selling pressure on the back of the start of the Chinese Lunar New Year holidays an added factor in the case of base metals.
US oil stocks jumped last week alongside a large build in gasoline inventories.
President of the European Commission, Jean-Claude Juncker, said accusations that he was looking to create a so-called European "superstate" were "total nonsense", and stated that many Britons had unfairly labelled him as a "stupid, stubborn federalist".
Greatland Gold announced on Wednesday that it is ready to conduct its first drilling campaign at its Havieron licence in April.
The cost of living in the US was steady last month, contrary to expectations for a dip, buoyed by unusually large increases in clothing and medical care prices, with those for the former rising at their quickest pace since 1990.
US retail sales unexpectedly fell in January, according to data from the Commerce Department.
Hurricane Energy announced a key milestone on Wednesday with the completion of buoy dry trial fit testing operations ahead of schedule.
Kurdistan-focused oil and gas business Genel Energy updated investors on the status of its oil reserves on Wednesday after a competent persons report on its assets revealed a significant increase in oil resources at its Bina Bawi project.
Benjamin Netanyahu has responded on Tuesday to police accusations of fraud, breach of trust and two instances of accepting bribes, saying he will not step down and is confident he won't face charges.
President Donald Trump’s decision to end the DACA programme, which protects the children of illegal immigrants in the US from deportation, has been blocked by a second judge.
A Russian and Chinese joint investment fund, working in conjunction with several major Russian banks, has made moves to take part in the much awaited Saudi Aramco initial public offering, according to a sovereign Russian investment fund head.
Eurozone industrial production rose more than in expected in December, while gross domestic product growth for the fourth quarter was in line with expectations, according to data released by Eurostat on Wednesday.
Armed police raided the luxurious South African home of the Gupta family on Wednesday as part of an effort to confirm corruption allegations made against the brothers and controversial president Jacob Zuma, who was ordered to stand down as head of state by the ruling African National Congress on Tuesday.
Australia-based exploration and development group SolGold has been making arrangements to move two diamond drill rigs to its project on the Aguinaga prospect in northern Ecuador after the group identified five high-priority drill targets.