Article content (Bloomberg) — Oil advanced after a weekly drop as Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook with the OPEC+ cartel cutting supply. Brent climbed above $83 a barrel after slumping more than 7% last week to post the biggest […]
Article content (Bloomberg) — Asian equity benchmarks gained as risk sentiment improved after softer-then-expected US payroll data revived bets the Federal Reserve will cut interest rates this year. China’s stock market climbed as it reopened after a holiday break. China’s CSI 300 Index climbed as much as 1.6% as Beijing’s supportive policy stance added impetus […]
Breadcrumb Trail Links PMN Business Households go backwards in 13 developed economies as record immigration runs into a housing crisis. Author of the article: Bloomberg News Randy Thanthong-Knight, Swati Pandey and Tom Rees Published May 05, 2024 • 11 minute read 00fdhgskpcy61exx(vws31]s_media_dl_1.png Source: Federal Reserve Bank of Article content (Bloomberg) — Across much of the developed […]
Breadcrumb Trail Links PMN Business Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. Author of the article: Bloomberg News Stephen Stapczynski Published May 04, 2024 • 6 minute […]
Breadcrumb Trail Links PMN Business Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett? Author of the article: Bloomberg News Amanda Albright and Isis Almeida Published May […]
Article content (Bloomberg) — Civilian facilities in the Ukrainian cities of Kharkiv and Odesa came under Russian missile fire on Saturday afternoon, according to local officials. Four people were wounded in Kharkiv, near the Russian border in Ukraine’s far northeast, where the strike ignited a fire, regional governor Oleh Syniehubov said on Telegram. Article content […]
Article content (Bloomberg) — Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry. Macquarie grew its share […]
Article content (Bloomberg) — Oil headed for its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East and weakening across fuel markets. Brent traded below $84 a barrel for a weekly loss of more than 6%, while West Texas Intermediate was near $79. Hamas is studying a proposal for […]
Breadcrumb Trail Links PMN Business A rapidly-growing, global market for hybrid electric vehicles should power earnings at major Asian automakers including Japan’s Toyota Motor Corp. and India’s Tata Motors Ltd. Author of the article: Bloomberg News Harshita Swaminathan, Reina Sasaki, Justina T. Lee and Rachel Yeo Published May 02, 2024 • 3 minute read The […]
Article content (Bloomberg) — Oil was little changed after plunging on a big jump in US crude inventories that added to concerns about weakening demand. Brent for July traded below $84 a barrel after slumping to the lowest since mid-March in the prior session, while West Texas Intermediate was near $79. US crude stockpiles jumped […]