Article content (Bloomberg) — Oil headed for its first back-to-back weekly drop this year as a wider risk-off mood driven by hawkish comments from Federal Reserve policymakers countered sustained tensions in the Middle East. Brent traded near $87 a barrel after declining every session this week, despite Iran’s attack on Israel last weekend. West Texas […]
Breadcrumb Trail Links PMN Business Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as board members get ready to revise their price forecasts next week. Author of the article: Bloomberg News Erica Yokoyama and Keiko Ujikane Published Apr 18, 2024 • Last updated 10 minutes ago • 3 minute […]
Article content (Bloomberg) — Beijing’s currency defense against the dollar risks coming undone by the side effect it is having against the other major currencies in China’s trading orbit. The official CFETS RMB Index, which measures the yuan’s performance versus 24 peers, has climbed 2.7% since end-December and rallied to the highest in a year […]
Article content (Bloomberg) — Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region. Interest rate swaps for South Korea, Malaysia, and Thailand all jumped in recent weeks, a sign that traders are paring rate-cut expectations in those emerging markets. The Bloomberg […]
Article content (Bloomberg) — Oil held the largest decline in two months amid a slew of conflicting signals that ranged from rising stockpiles to tensions in the Middle East and the reimposition of US sanctions on Venezuelan crude. Global benchmark Brent traded below $88 a barrel after slumping by 3% on Wednesday, while West Texas […]
Article content (Bloomberg) — Canada’s decision to increase capital gains taxes was criticized by businesses who warned the move would only exacerbate the country’s investment and productivity woes. In a bid to raise billions of dollars to help pay for policies to correct a housing crisis which has turned off younger voters, Finance Minister Chrystia […]
Breadcrumb Trail Links PMN Business New Zealand home-grown price pressures persisted in the first quarter even as headline inflation slowed to its weakest in almost three years. Author of the article: Bloomberg News Tracy Withers Published Apr 16, 2024 • 3 minute read nwpjq5gkiyyq17d)ieigflia_media_dl_1.png Statistics NZ Article content (Bloomberg) — New Zealand home-grown price pressures […]
Article content (Bloomberg) — Oil gained as Israel vowed to respond to an unprecedented attack by Iran, keeping tensions elevated in the Middle East. Global benchmark Brent climbed toward $91 a barrel after a modest drop on Monday, while West Texas Intermediate was near $86. Top Israeli military officials said their country had no choice […]
Breadcrumb Trail Links PMN Business Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt. Author of the article: Bloomberg News James Attwood and Jack Farchy Published Apr 15, 2024 • 4 minute read omn{87toaoh8h7rstvrt5mpq_media_dl_1.png Source: Bloomberg Intelligence Article content (Bloomberg) […]
Article content (Bloomberg) — The US House of Representatives overwhelmingly passed legislation Monday aimed at countering China’s purchase of Iranian crude oil as part of a package of bills being brought to the floor in response to Iran’s attack on Israel. The legislation was approved by a 383-11 vote, surpassing the requisite number needed to […]