Article content (Bloomberg) — Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates. West Texas Intermediate advanced to near $91 a barrel after ending 0.8% higher on Tuesday. The premium for near-term US barrels is near the highest in more […]
Article content (Bloomberg) — Waratah Capital Advisors’ largest hedge fund dropped 1.5% last month, wiping out most of its gains this year. The Waratah Performance fund advanced just 0.4% through August, according to an investor letter seen by Bloomberg, trailing the 12.8% return for a benchmark that includes the S&P 500 and Canada’s TSX Composite […]
Article content (Bloomberg) — Indonesia opened its first carbon exchange as part of a bid to cap emissions and reap the benefits of keeping its tropical forests intact. The bourse, operated by the Indonesia Stock Exchange, saw 13 transactions covering 459,914 tons of carbon dioxide equivalent on its debut on Tuesday, according to a presentation […]
Breadcrumb Trail Links PMN Business China is considering compensating utilities for all the coal-fired power they’ve built, including plants that are likely to sit idle as Beijing accelerates its transition to clean energy. Author of the article: Bloomberg News Bloomberg News Published Sep 25, 2023 • 3 minute read Join the conversation e3iq3v0drf1odjwungpv4v8s_media_dl_1.png National Bureau […]
Article content (Bloomberg) — Oil’s march toward $100 a barrel remained on pause as the impact of a rapidly tightening market was offset by gains in the dollar that made crude more expensive for many buyers. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Surges in closely watched timespreads […]
Article content (Bloomberg) — Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects the US central bank will need to raise interest rates one more time this year and keep policy tighter for longer if the economy is stronger than expected. “If the economy is fundamentally much stronger than we realized, on the […]
Article content (Bloomberg) — Oil climbed for a second day as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week. West Texas Intermediate futures rose as much as 0.7% to trade above $90 a barrel. Hedge funds boosted their bullish positions on WTI to […]
Breadcrumb Trail Links PMN Business Policymakers on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth. Author of the article: Bloomberg News Molly Smith and Craig Stirling Published Sep 23, 2023 • 6 minute read Join the conversation aw1k3hue1wmnskru52130)td_media_dl_1.png Sources: […]
Breadcrumb Trail Links PMN Business Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates. Author of the article: Bloomberg News Michael Mackenzie, Ye Xie and Liz Capo McCormick […]
Article content (Bloomberg) — Canadian officials shared evidence with India’s government, including communications and phone numbers that they believe link Indian agents with the murder of a Sikh activist, before Prime Minister Justin Trudeau went public with the allegation, said people familiar with the matter. The information was exchanged via security officials of the two […]