Article content (Bloomberg) — Honda Motor Co. said it’s open to altering its electrification roadmap if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle targets. “There’s enough room to adjust the time line of establishing EV factories globally and change […]
Article content (Bloomberg) — Brookfield Asset Management Ltd. sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years. The asset manager said earlier this year that it raised $10 billion for a fund dedicated to investing in the energy transition as well as $2.4 billion for a similar […]
Breadcrumb Trail Links PMN Business Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House. Author of the article: Bloomberg News Jennifer A. Dlouhy, Bill Allison and Mitchell Ferman Published Oct […]
Article content (Bloomberg) — The Saudi stock market is wobbling after a summer rally, with the Riyadh bourse enduring its worst fourth-quarter start in years as regional tensions soar. The Tadawul All Share Index index slipped 3.7% in the first four trading days of October, as Israel intensified its campaign against Iran-backed Hezbollah and weighed […]
Article content (Bloomberg) — Reza Dilmaghani mostly trades equities, but for the past week he’s been dipping in and out of the oil market, lured by crude’s biggest weekly rally in nearly two years. “This week has been great,” said Dilmaghani, a Phoenix-based day trader who’s been trying to capitalize on the market’s short-term direction. […]
Breadcrumb Trail Links PMN Business A slew of celebrities and politicians are set to raise cash for Vice President Kamala Harris’ campaign in the monthlong stretch before Election Day. Author of the article: Bloomberg News Hadriana Lowenkron Published Oct 04, 2024 • 2 minute read Kamala Harris during a campaign rally in Las Vegas, Nevada […]
Breadcrumb Trail Links PMN Business The four contenders to replace former Prime Minister Rishi Sunak as Conservative leader laid out starkly different paths for bringing the decimated opposition back to power in a series of speeches to party faithful. Author of the article: Bloomberg News Alex Wickham, Lucy White and Alex Morales Published Oct 02, […]
Article content (Bloomberg) — French President Emmanuel Macron delivered a pessimistic outlook for the European Union, warning that lack of investment and too much regulation would make the bloc uncompetitive. Speaking at the Berlin Global Dialogue, Macron said Washington and Beijing outstrip the EU in both economic output and investment, and Europe won’t be able […]
Breadcrumb Trail Links PMN Business Power Sustainable, an investment firm controlled by Canada’s billionaire Desmarais family, tapped Bruce Heyman as its chief executive officer with a mandate to attract more capital from global institutional investors. Author of the article: Bloomberg News Mathieu Dion Published Oct 02, 2024 • 2 minute read Bruce Heyman, right, and […]
Article content (Bloomberg) — OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group after an online monitoring meeting on Wednesday didn’t announce any alterations. Led by Saudi Arabia and Russia, OPEC+ plans a series […]