Breadcrumb Trail Links PMN Business (Bloomberg) — Australia’s policy tightening campaign is approaching its final stages, with money markets and economists divided over the timing of the Reserve Bank’s likely last interest-rate increase in this cycle. Author of the article: Bloomberg News Swati Pandey Published Jul 30, 2023 • 3 minute read Join the conversation […]
Article content (Bloomberg) — Any pause at an European Central Bank monetary-policy meeting could be followed by another increase in interest rates, according to President Christine Lagarde. Article content At the next meeting in September, “there could be a further hike of the policy rate or perhaps a pause,” she told Le Figaro newspaper. “A […]
Article content (Bloomberg) — The Economic Community of West African States may resort to the use of “force” if coup leaders in Niger do not reinstate the democratically elected regime of President Mohamed Bazoum. Article content “In the event that the authority’s demands are not met within one week, we will take all measures necessary […]
Article content (Bloomberg) — Canada’s federal government is poised to intervene in a labor dispute to ensure that the country’s busiest port remains open after dockworkers rejected a mediated agreement for the second time this month. Article content Labor Minister Seamus O’Regan Jr. said that he’s directed the Canada Industrial Relations Board to determine whether […]
Breadcrumb Trail Links PMN Business Hiring in the US probably increased at a healthy yet more moderate clip this month, representing a vote of confidence about the demand outlook after a solid first half of the year. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jul 29, 2023 • 5 minute […]
Breadcrumb Trail Links PMN Business Hello, it’s been a scorching week, both literally and in markets. Here’s something to help you catch up while you try and cool off. Author of the article: Bloomberg News Shiyin Chen Published Jul 29, 2023 • 3 minute read Join the conversation 4r)d6tvm5[(o6k211qnga5xv_media_dl_1.png Source: Climate Central Article content (Bloomberg) — […]
Article content (Bloomberg) — Dockworkers on Canada’s west coast raised the possibility of a renewed labor disruption at the country’s busiest port after rejecting a negotiated contract for the second time this month. Article content Members of the International Longshore & Warehouse Union turned down a deal that would have raised wages by 19.2% over […]
Article content (Bloomberg) — Canadian National Railway Co. cut its earning outlook for 2023 because of weakening demand for consumer goods and other products, another clear signal that the economy is slowing. Article content The railway expects earnings per share will be flat or slightly down this year compared with 2022. In April, it said […]
Breadcrumb Trail Links PMN Business Microsoft Corp. reported tepid fourth-quarter sales growth, held back by decelerating demand for cloud-computing services while the software maker waits for a revenue boost from new artificial intelligence-powered products. Author of the article: Bloomberg News Dina Bass Published Jul 25, 2023 • 4 minute read Join the conversation Signage outside […]
Article content (Bloomberg) — BC Partners has agreed to sell a minority stake in PetSmart to Apollo Global Management Inc., having shelved plans to take the North American pet retailer public last year. Article content London-based BC Partners will retain a majority holding in PetSmart alongside Singaporean sovereign fund GIC Pte and the company’s management, […]