Article content (Bloomberg) — Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows. Signs of the shifting tides include Mexican state oil company Pemex recently buying Colombian oil for its refinery in Texas and American refiner Valero Energy Corp. […]
Breadcrumb Trail Links PMN Business The Bank of Canada cut its overnight rate to 3.75% on Wednesday, its lowest level since December 2022. Here’s what economists and investors are saying about it. Author of the article: Bloomberg News Stephanie Hughes, Randy Thanthong-Knight and Derek Decloet Published Oct 23, 2024 • 4 minute read The Bank […]
Breadcrumb Trail Links PMN Business An investigation of Huawei Technologies Co.’s latest AI offering has unearthed an advanced processor made by Nvidia Corp. manufacturing partner Taiwan Semiconductor Manufacturing Co., suggesting that China is still struggling to reliably make its own advanced chips in sufficient quantities. Author of the article: Bloomberg News Mackenzie Hawkins Published Oct […]
Article content (Bloomberg) — Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter. The two pension funds are working with Bank of America Corp. and Canadian Imperial Bank of Commerce on a potential transaction, […]
Article content (Bloomberg) — A consortium including asset manager Neuberger Berman is buying a stake in Nord Anglia in a deal valuing the international school operator at $14.5 billion including debt. Buyout firm EQT AB, one of Nord Anglia’s current major shareholders, is investing in the company again through a newer fund, according to a […]
Article content (Bloomberg) — Moldova cleared a key hurdle as part of its bid to join the European Union in a set of votes on Sunday that may help break the Kremlin’s decades-long grip on the country. Some 42% of voters participated in a referendum to join the EU as of 6 p.m. local time, […]
Article content (Bloomberg) — Hurricane Oscar made landfall on Great Inagua Island in the Bahamas and is forecast to strike in eastern Cuba on Sunday afternoon, the US National Hurricane Center said. Oscar came ashore early Sunday with top winds of 80 miles (130 kilometers) per hour, making it a Category 1 hurricane on the […]
Article content (Bloomberg) — Cuba was struggling to restore electricity nationwide on Saturday, more than 24 hours after the failure of one of its largest power plants knocked the entire grid off-line. Writing Saturday on X, the Ministry of Energy and Mines said power should be gradually restored throughout the day but said a substation […]
Breadcrumb Trail Links PMN Business The lawyer for Mozambican opposition politician Venâncio Mondlane was gunned down early Saturday, drawing outrage from around the world and calls for a transparent investigation. Author of the article: Bloomberg News Matthew Hill Published Oct 19, 2024 • 2 minute read Article content (Bloomberg) — The lawyer for Mozambican opposition […]
Breadcrumb Trail Links PMN Business Six months after rewards for validating transactions on the Bitcoin network were reduced by half, crypto mining companies are choosing between two divergent paths to remain viable. Author of the article: Bloomberg News David Pan Published Oct 19, 2024 • 3 minute read 60ymjqhryl{w4)1u}nvvacz6_media_dl_1.png Bloomberg Article content (Bloomberg) — Six […]