India is preparing to launch a national carbon capture initiative with substantial government incentives, as it seeks to balance rising energy demand with its climate goals while relying on coal, a senior official at India’s leading policy think tank said on Thursday. The initiative, aimed at promoting carbon capture, utilisation and storage (CCUS) technologies, could […]

When it comes to funding a business, it’s important to know the different types of finance so you can make smart choices. Two popular options are project finance and corporate finance. Each works in its own way, with different goals and risk strategies. This article explores what these two financing methods entail and highlights the […]

A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India, July 31, 2025. REUTERS/Amit Dave/File Photo Gold’s powerful rally took on fresh legs on Friday, with prices just cents away from $3,600 per ounce, as weak U.S. jobs data further raised expectations for bullion-supportive Federal Reserve rate cuts. Spot gold was up 1.4% at […]

Goldman Sachs said gold prices could surge well above its $4,000 per troy ounce baseline by mid-2026, should private investors diversify more heavily into the metal. Spot gold prices hit a record high of $3,578.50 per ounce on Wednesday on expectations of a U.S. Federal Reserve interest rate cut later this month, while lingering global uncertainties […]

Steelmaker ArcelorMittal’s talks to sell its South African unit to state-owned Industrial Development Corporation have stalled over valuation differences, Bloomberg News reported on Thursday, citing people familiar with the matter. While the parties may still reach an agreement on the fate of ArcelorMittal South Africa before the end of a due diligence period on September […]

Capital expenditures (Capex) are the money that businesses set aside to buy, improve, and maintain physical assets such as real estate, machinery, or technology. These investments are vital for increasing operational capacity and guaranteeing long-term financial gains [1]. In mining projects, Capital Expenditure (CAPEX) represents the upfront investment required to bring a project from exploration […]

Gold prices were on track for a monthly rise on Friday, supported by a softer dollar and increased expectations for a U.S. interest rate cut in September. Spot gold was down 0.2% at $3,411.29 per ounce, as of 0704 GMT, on profit-taking. Bullion gained 3.7% so far this month and hit $3,423.16, its highest level […]

LONDON–(BUSINESS WIRE) — Rio Tinto today announces a new operating model and executive team to shape the company’s next chapter. The changes simplify and streamline the organisation to drive greater accountability and safe, sustainable, profitable growth through focusing on the most compelling opportunities to deliver long-term shareholder value. Effective immediately, Rio Tinto will simplify its […]

China will push to cut steel production between 2025 and 2026, according to an official document reviewed by Reuters and a source with knowledge of the matter, as it tackles overcapacity that has hit prices and fed a worldwide protectionist backlash. The world’s largest steel producer will strictly curb new capacity and reduce production, the […]

Gold held firm near a more-than-two-week peak on Thursday, as the dollar softened and investors hunkered down for Friday’s U.S. inflation data for cues on the Federal Reserve’s policy path. Spot gold was up 0.1% at $3,399.60 per ounce, as of 0851 GMT, after hitting $3,401.73, its highest level since August 11, earlier in the […]