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Kazakh miner Solidcore expects gold rally to offset output decline

15 Sep 2025

By Anastasia Lyrchikova MOSCOW (Reuters) -Kazakh gold miner Solidcore Resources expects high gold prices and stock sales to offset most of a production decline caused by sanctions-related disruptions to concentrate shipments to Russia, its CEO said. Gold has rallied roughly 40% this year, hitting a record high of $3,673.95 an ounce last week on expectations …

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Russia’s Putin says measures to reduce inflation are working, but growth needs work

15 Sep 2025

MOSCOW (Reuters) -Russian President Vladimir Putin told a government meeting on Monday that measures to reduce inflation were working, but questioned whether more needed to be done to boost growth. Recent data showed that inflation fell to 8.1% in August from 8.8% in July. On September 12, the central bank cut its key rate by …

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Swiss parliament clears way for government to issue some UBS capital rules directly

15 Sep 2025

ZURICH (Reuters) -The Swiss upper house on Monday rejected a plan to submit all incoming UBS capital rules to parliament, clearing the way for the government to directly issue measures that could increase UBS’s core capital requirements by some $9 billion. Under a plan to make the bank less risky, the government in June said …

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Canadian AI firm Cohere targets growth in Europe with Paris office

15 Sep 2025

By Florence Loeve PARIS (Reuters) -Canadian AI startup Cohere is expanding operations in Europe, intensifying competition with homegrown players like France’s Mistral to supply AI services in the region. Cohere, which was valued at $6.8 billion in its latest funding round, opened an office in Paris on Monday and is keen to take a bigger …

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Russia’s Primorsk oil port partially resumes loadings after drone strikes, sources say

15 Sep 2025

MOSCOW (Reuters) -The Baltic Sea port of Primorsk, a major outlet for Russian oil exports, partially resumed operations on Saturday following disruptions and damage caused by Ukrainian drone strikes, two sources familiar with the matter said. Primorsk, which is capable of loading some 1 million barrels of oil per day, is expected to operate at …

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BIS warns of mounting disconnect between debt and stock markets

15 Sep 2025

By Marc Jones LONDON (Reuters) -The Bank for International Settlements has warned that record global share prices appear increasingly disconnected from the rising concerns about government debt levels in the bond markets. The BIS, which acts as an umbrella group for the world’s central banks, said the rise in the premium investors demand to buy …

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Novartis signs up to $5.7 billion licensing deal with Monte Rosa Therapeutics

15 Sep 2025

(Reuters) – Swiss drugmaker Novartis and drug developer Monte Rosa Therapeutics signed a licensing deal worth up to $5.7 billion on Monday to develop drugs for immune-mediated diseases. Under the agreement, Monte Rosa will receive an upfront payment of $120 million and could earn milestone payments and royalties that lift the total value to as …

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Exclusive-Russia’s Kirishi oil refinery halts key unit after Ukrainian drone attack, sources say

15 Sep 2025

LONDON (Reuters) -One of Russia’s largest oil refineries, in the northwestern town of Kirishi, has halted a key processing unit following a Ukrainian drone attack over the weekend, two industry sources said on Monday. Ukraine has intensified attacks on Russia’s energy infrastructure in an attempt to inflict damage on Moscow’s war efforts as talks to …

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Germany to scrap fixed tariffs for new renewables, pivot to market support

15 Sep 2025

By Riham Alkousaa BERLIN (Reuters) – Germany will phase out fixed-price subsidies for new renewable power projects and pivot to market-based support, aligning with European Union guidance while seeking to keep its climate goals on track and energy costs in check, the economy ministry said. Unveiling an energy transition monitoring study and a 10-point plan, …

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