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Base metal prices are shaped by global economic trends and industry-specific factors, with China's economic conditions playing a pivotal role. As the largest consumer and producer, China significantly influences global pricing dynamics.
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News and Media
Venture Global, a major US LNG producer, has filed for an IPO, aiming to raise about $3 billion on the NYSE. The company, with two Louisiana plants, competes with industry giants like Cheniere and Sempra. Founders will retain majority voting power after the offering. Revenues reached $3.45 billion in the first nine months of this year.
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Amid overall weak market sentiments, 22 smallcap stocks stood out by delivering impressive double-digit returns. Leading the pack was Fairchem Organics with a remarkable 49% gain, followed by Tanfac Industries at 28%, and Vakrangee and Five-Star Business, both posting 18% returns.
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News and Media
Foreign portfolio investors (FPIs) flocked to Indian markets in early December, pouring 22,766 crore, primarily into financial services, IT, and real estate. However, oil and gas, auto, and FMCG sectors witnessed outflows. While financials saw significant withdrawals throughout 2024, telecom and services experienced renewed interest after November's outflows.
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News and Media
Capital goods stocks stumbled on Friday, led by Siemens' 10% drop, after the company reported a lack of significant private capital expenditure growth in India. Despite this, analysts maintain a positive outlook for the sector, driven by government spending and a private capex cycle focused on decarbonization and energy transition.
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News and Media