Friday, January 9, 2026

India plans to scrap curbs on Chinese firms bidding for government contracts

Post-2020 border curbs cut Chinese project awards 27% in 2021 as India weighs easing restrictions to avoid power project delays

India-US trade deal stalled after Modi did not call Trump, US commerce secretary says 

Trade talks collapsed last year as Trump raised tariffs on Indian goods to 50%, including 25% levy over Russian oil purchases

Gold falls as commodity index adjustments weigh ahead of US jobs data

Spot gold slips 0.2% to $4,469 an ounce but remains on track for over 3% weekly gain after December record high; HSBC says gold could rise to $5,000/oz by 1H26Spot gold slips 0.2% to $4,469 an ounce but remains on track for over 3% weekly gain after December record high; HSBC says gold could rise to $5,000/oz by 1H26

Rio Tinto in early talks to buy Glencore in deal that could create $207 billion mining giant

Companies say talks centre on all-share deal via court-approved scheme as miners seek scale in copper and energy-transition metals

World Economic Forum survey shows doing business got tougher in 2025

WEF-linked survey of 799 executives in 81 economies finds 43% say business conditions worsened, 7% see improvement 

Dollar advances with US jobs data, Supreme Court ruling in view

Dollar extends three-day rise as markets await US tariff ruling and December jobs data

Oil climbs second day, Brent at $62.43 and WTI at $58.15 on Venezuela, Iran supply uncertainty

US push over Venezuela oil, Iran unrest and Russia-Ukraine war raise supply risks as rising global inventories point to potential oversupply

Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs 

Tariff ruling, US jobs data, firmer dollar and rising oil prices keep markets cautious

Gulf equities mixed as oil rises and U.S. jobs data looms

Saudi and Dubai markets gain modestly while Qatar and Abu Dhabi lag; investors await key U.S. labour report that could influence Federal Reserve policy

Supreme court ruling on Trump’s global tariffs could trigger $150 billion refund battle

Companies, lawyers and brokers brace for potential payouts and legal hurdles as U.S. Customs prepares for electronic refund distribution

AI to boost copper demand 50% by 2040, but more mines needed to ensure supply, S&P says

Annual copper demand to hit 42 metric tons by 2040; Global supplies expected to fall short by 10 metric tons; AI, defense, robotics seen as increasingly large users

Gold edges down on firm dollar as investors await key jobs data

Spot gold dips 0.3% to $4,440.67, while U.S. gold futures for February delivery also decline by 0.3%

Oil prices recover, stocks wobble as investors weigh geopolitics, US data

Oil prices rise as traders monitor Venezuela developments; Stocks take a breather after strong start to 2026; Eyes on U.S. nonfarm payrolls; bets of two more Fed cuts remain

US oil companies say they need guarantees to invest in Venezuela, FT reports

Trump to meet top oil company chiefs at the White House Friday to discuss boosting Venezuela’s oil output, with Exxon Mobil, ConocoPhillips and Chevron expected to attend

Oil prices rise after US inventory draw, Venezuela in focus

Brent, WTI rebound following two-day loss; US seizes two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday