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Ukraine, Saudi Arabia deepen cooperation in investment, energy sectors – Yermak – Ukrinform

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Ukraine and the Kingdom of Saudi Arabia have agreed to deepen cooperation in the investment and energy sectors. The parties also discussed Saudi Arabia’s involvement in the ‘grain initiative’, support for the Ukrainian Peace Formula and counteracting Russia’s attacks by Iranian drones.

The relevant statement was made by Head of the Office of the President of Ukraine Andriy Yermak during a joint briefing with Ukrainian Foreign Affairs Minister Dmytro Kuleba and Saudi Arabian Foreign Affairs Minister Prince Faisal bin Farhan Al Saud in Kyiv, an Ukrinform correspondent reports.

Yermak thanked the Minister of Foreign Affairs of the Kingdom of Saudi Arabia for voting in favor of the UN General Assembly’s Resolution, which was endorsed on the occasion of the one-year anniversary of Russia’s full-scale invasion of Ukraine on February 23, 2023. In his words, this step shows Saudi Arabia’s support for the sovereignty and territorial integrity of Ukraine, as well as the Peace Formula offered by the President of Ukraine.

According to Yermak, Ukraine is planning to cooperate with Saudi Arabia as part of the Grain from Ukraine humanitarian initiative.

During the meeting, the parties also discussed the use of Iranian drones by Russia in order to launch attacks on Ukraine’s territory, as Saudi Arabia faced a similar problem back in 2019.

Yermak thanked the Minister of Foreign Affairs of the Kingdom of Saudi Arabia for his visit and assistance, namely for the allocation of $400 million in humanitarian aid and corresponding efforts to release 10 foreign prisoners of war on September 21, 2022.

“This dialogue and this meeting are very important to us. We have also discussed that the global community’s challenges can only be resolved together on the basis of respect for international law, for the UN Charter – here we are fully on the same page, and this was indicated by voting at the UN General Assembly. We look forward to strengthening our relations,” Yermak noted.

A reminder that the Kingdom of Saudi Arabia announced the allocation of $400 million in humanitarian aid to Ukraine.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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