The Energy Select Sector SPDR Fund (NYSE: XLE) is up 31.09% year-to-date, alongside major energy names like Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE:
Adani Enterprises Ltd, the flagship company of the Adani Group — plans to invest $5.2 billion to set up an alumina refinery in the eastern Indian state of Odisha, reported Bloomberg.
Germany has been reeling under the carpet since the beginning of the Russia-Ukraine and the cut down on the gas supplies has come as another major blow to its delicate economy.
Investors pulled a record $11.2 billion globally from commodity exchange-traded products (ETP) in July, marking a third consecutive month of outflows, the Financial Times reported citing data from BlackRock Inc (NYSE: BLK).