Category: BLOOM

Feb 10

Trump sets 25% tariffs on steel, aluminum as trade war grows

Breadcrumb Trail Links PMN Business The new rates will go into effect on March 4, a U.S. official said Author of the article: Bloomberg News Jennifer A. Dlouhy, Jenny Leonard and Josh Wingrove Published Feb 10, 2025  •  Last updated 0 minutes ago  •  5 minute read a5sm23bk6n}{2anvcmb8sv(k_media_dl_1.png UNCTAD TRAINS, Office of the Uni Article content […]
Feb 10

Asian Stocks Set to Gain as US Brushes Off Tariffs: Markets Wrap

Breadcrumb Trail Links PMN Business Stocks in Asia are set to advance after US traders looked past concerns over tariff threats and toward Federal Reserve comments and inflation data. The dollar strengthened and gold hit a record. Author of the article: Bloomberg News Rob Verdonck Published Feb 10, 2025  •  3 minute read 6eeulyiie)vg1bfex58zcmh[_media_dl_1.png Bloomberg […]
Feb 9

Brookfield to Spend €20 Billion on France’s AI Infrastructure

Article content (Bloomberg) — Brookfield Asset Management plans to invest €20 billion ($20.7 billion) to develop data centers and AI infrastructure in France over the next five years, as the competition to dominate artificial intelligence intensifies among global powers.  Article content The New York-based investment firm has allocated €15 billion to data center investments, which […]
Feb 9

BP Faces Pivotal Moment as Activist Investor Elliott Enters Fray

Breadcrumb Trail Links PMN Business BP Plc’s dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one of the world’s most aggressive activist investors. Author of the article: Bloomberg News Mitchell Ferman and Dinesh Nair Published Feb 09, 2025  •  4 minute read hc8q[ew40ytbcwox8nr)bn3c_media_dl_1.png Bloomberg Article content […]
Feb 8

Debt Derivatives Are So Tight Even Trump’s Tariff Talk Can’t Shift Them

Breadcrumb Trail Links PMN Business Even US President Donald Trump’s tariff rhetoric can’t rattle credit markets, a sign to some money managers and strategists that the market is too complacent. Author of the article: Bloomberg News Neil Callanan Published Feb 08, 2025  •  6 minute read f9q}60s{(k{3tzxq50g2cyhg_media_dl_1.png S&P Global Article content (Bloomberg) — Even US […]
Feb 8

Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports

Article content (Bloomberg) — A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom.  Article content Restoration work is underway and the incident has had no impact on subscribers so far, according to the state-owned company.  Finnish media reported […]
Feb 7

Why Trump Wants Canada’s Wealth of Critical Minerals

Article content (Bloomberg) — When Canada’s Prime Minister Justin Trudeau told a group of executives that President Donald Trump wasn’t kidding about annexing Canada, he offered one reason: critical minerals. Article content Canada is rich in nearly three dozen critical minerals essential to modern technology and produces more than 60 minerals and metals including nickel, […]