Breadcrumb Trail Links PMN Business European Economy Commissioner Paolo Gentiloni urged governments to set aside rigid positions on the reform of the bloc’s debt rules and seek common ground as the EU tries to reach a deal by the end of the year. Author of the article: Bloomberg News Alessandra Migliaccio and Jorge Valero Published […]
Article content (Bloomberg) — The cost of moving oil on pipelines crisscrossing the US is surging by the most ever as operators pass on higher business expenses to their customers. Article content Shippers who haven’t signed contracts will see rates jump by an all-time high of 13.3% after “red-hot inflation” last year, while the increase […]
Article content (Bloomberg) — Africa needs to monetize its trees to help slow global warming, the head of AFC Capital Partners said. Article content The continent is home to the Congo Basin tropical forest, second in size only to the Amazon, and almost a quarter of the world’s mangroves. Forests absorb carbon dioxide from the […]
Article content (Bloomberg) — The number of wildfires burning in Canada’s top energy-producing province of Alberta is on the rise again, hurting air quality across the region and threatening oil and gas production. Article content The province had 76 active wildfires, up from 71 on Friday, with 28 burning out of control, according to provincial […]
Breadcrumb Trail Links PMN Business The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders warned. Author of the article: Bloomberg News Erik Hertzberg Published Jun 12, 2023 • 2 minute read Join the conversation Tiff Macklem […]
Article content (Bloomberg) — Smoke and haze from the worst Canadian wildfires on record have returned to New York City and the US Northeast and will likely linger until cleansing rains reach the region early this week. After briefly improving early Saturday, the air quality across most of the eastern US was downgraded to moderate. […]
Breadcrumb Trail Links PMN Business US stocks are back in a bull market and the American economy has consistently outperformed expectations, leading some firms to suggest the threat of recession has eased, if not altogether passed. Author of the article: Bloomberg News Alice Gledhill and Anchalee Worrachate Published Jun 11, 2023 • 3 minute read […]
Article content (Bloomberg) — Saudi Arabia and its OPEC+ allies are trying to combat “uncertainties and sentiment” in the oil market as the group looks to tackle short sellers, its energy minister said Sunday. “I think the physical market is telling us something, and the futures market is telling us something else,” Prince Abdulaziz bin […]
Breadcrumb Trail Links PMN Business Odey Asset Management has removed its founder Crispin Odey from the firm’s partnership in a stunning turn of events for the famed hedge fund manager who is facing fresh sexual assault allegations. Author of the article: Bloomberg News Nishant Kumar Published Jun 10, 2023 • 3 minute read Join the […]
Article content (Bloomberg) — Prime Minister Justin Trudeau announced C$500 million ($375 million) in new military assistance to Ukraine during a surprise visit to the war-torn country on Saturday. Article content The Canadian leader and his deputy, Chrystia Freeland, met with President Volodymyr Zelenskiy in Kyiv as Ukraine’s military steps up its efforts to liberate […]