BERLIN - Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate in energy, including on liquefied natural gas and hydrogen energy. Carney is currently on a [Read more]
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Indian exports face blow as US enforces steep new tariffs from Wednesday
Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. The new duties will apply to goods entering the U.S. for [Read more]
South Korean firms pledge $150 billion in US investments at summit
South Korea touted a broad range of U.S. investment plans by its companies at Monday's summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals. While South Korean companies pledged at the summit $150 billion in U.S. investments, the countries also agreed to establish a non-binding agreement to steer $350 billion of investment funds proposed by Seoul in July as part of a trade deal to [Read more]
US and Russian officials discussed energy deals alongside latest Ukraine peace talks
U.S. and Russian government officials discussed several energy deals on the sidelines of negotiations this month that sought to achieve peace in Ukraine, according to five sources familiar with the talks. These deals were put forward as incentives to encourage the Kremlin to agree to peace in Ukraine and for Washington to ease sanctions on Russia, they said. Russia has been cut off from most international investment in its energy sector and from striking major deals due to sanctions [Read more]
Oil eases after rising to 2-week high on Russia-Ukraine supply concerns
Oil prices edged down on Tuesday, after surging nearly 2% in the previous session, as traders closely monitored developments in the Russia-Ukraine conflict for potential disruptions to regional fuel supplies. Brent crude fell 32 cents, or 0.5%, to $68.48 per barrel at 0448 GMT, while West Texas Intermediate (WTI) crude also lost 33 cents, or 0.5%, to $64.47 per barrel. Both contracts rose to their highest in more than two weeks on Monday, with WTI climbing above the 100-day moving [Read more]
China’s LNG imports are set to rise for a 4th month, but it’s not bullish: Russell
China's imports of liquefied natural gas (LNG) are poised to rise for a fourth straight month in August, but this may not be quite as bullish as it first appears. The world's biggest buyer of the super-chilled fuel is on track to see imports of 6.04 million metric tons in August, the strongest since the same volume was landed in January, according to data compiled by commodity analysts Kpler. China's imports of LNG have been trending higher since hitting a five-year low of 4.48 million [Read more]
Markets ask again of Trump: ‘Can he do that?’
A look at the day ahead in European and global markets from Rocky Swift Markets like it when central banks can steer economic policy without political meddling, and they prize data that matches reality. That faith has helped global shares climb to successive record highs this month, but it was shaken again by U.S. President Donald Trump's latest attack on the independence of the U.S. central bank. Equity markets in Asia and stock futures in Europe and the U.S. turned lower after Trump [Read more]
US dollar, Treasuries slide on latest Trump attack on Fed
The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets. The dollar fell against the yen and euro after Trump said on social media he was removing Lisa Cook from her position on the Fed's board of directors, the latest in a series of attacks on the central bank's independence. Asian shares followed declines on Wall Street as prospects for a Fed rate cut next [Read more]
Lycos Energy Inc. Announces Second Quarter Financial Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - August 25, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, [Read more]
Canada’s Alberta eyes investment in Japan’s refining to boost oil exports, sources say
Canada's main oil-producing province of Alberta is considering a financial investment in Japan's refining sector, two sources familiar with the matter said, an attempt to reduce its overwhelming dependence on top trade partner the United States for oil exports. Alberta's government is in early-stage talks with several Japanese crude oil refiners to explore a joint venture in which it could help fund the construction of a coker unit that would enable one or more Japanese companies to process [Read more]
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