Article content (Bloomberg) — Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $88 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders […]
Article content (Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, […]
Article content (Bloomberg) — PT Barito Renewables Energy, owned by Indonesian billionaire Prajogo Pangestu, is poised to raise 3.13 trillion rupiah ($203 million) through an initial public offering in Jakarta, according to a statement published on Monday. The company, which has Pangestu’s energy firm PT Barito Pacific as its main shareholder, priced the shares at […]
Article content (Bloomberg) — The slump in South Korean exports eased further in September in a positive sign for an economy that depends heavily on trade. Shipments adjusted for working-day differences decreased 2.1% from a year earlier, the customs office said Sunday. Headline exports fell 4.4% in September, compared with a 8.3% drop in the […]
Breadcrumb Trail Links PMN Business Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 30, 2023 • Last updated 2 minutes ago • 6 minute read Join […]
Breadcrumb Trail Links PMN Business As the US and its allies fret over Canada’s allegation that India orchestrated the murder of a Sikh separatist leader, the scandal is providing a political boost to Prime Minister Narendra Modi. Author of the article: Bloomberg News Swati Gupta and Sudhi Ranjan Sen Published Sep 29, 2023 • 3 […]
Article content (Bloomberg) — Oil edged higher after dropping the most in eight weeks on technical resistance and speculation Saudi Arabia will start restoring output if prices get too high. West Texas Intermediate was relatively subdued after a rollercoaster session on Thursday, when it rose above $95 a barrel before closing down 2.1%. Futures are […]
Article content (Bloomberg) — US Secretary of State Antony Blinken met with his Indian counterpart Thursday as tensions between two of Washington’s key allies, Canada and India, grow over the killing of a Sikh leader. The official readout of the meeting between Blinken and Indian External Affairs Minister Subrahmanyam Jaishankar in Washington didn’t reference the […]
Breadcrumb Trail Links PMN Business Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist leader in British Columbia. Now, the diplomatic standoff threatens to spill over into their economies. Author of the article: Bloomberg News Shruti Srivastava Published Sep 26, 2023 • 3 minute […]
Article content (Bloomberg) — Australia’s monthly inflation gauge accelerated in August, reflecting global trends as oil prices jumped, bolstering the case for the Reserve Bank to raise interest rates at least one more time. The consumer price indicator rose 5.2% from a year ago, matching estimates, Australian Bureau of Statistics data showed Wednesday. The result […]