Breadcrumb Trail Links PMN Business Rachel Reeves has six weeks to come up with a plan to fix the UK’s ailing public services, deliver an economic boost and lift the dour national mood — and all without blowing up the nation’s finances. Author of the article: Bloomberg News Philip Aldrick and Joe Mayes Published Sep […]
Article content (Bloomberg) — Hungary hosted a Russian business forum in Budapest on Friday, showcasing booming links with Moscow that have alienated the country’s European Union and NATO allies. Prime Minister Viktor Orban’s government, which holds the EU’s rotating presidency through December, says it observes sanctions against Russia that were passed over its objections, while […]
Article content (Bloomberg) — Swedish landlord SBB is preparing to kick off an initial public offering for its residential unit next week in Stockholm, according to a person familiar with the matter. Samhallsbyggnadsbolaget i Norden AB — as the company is also known — is planning to formally start the marketing of the unit’s IPO […]
Article content (Bloomberg) — Toronto-Dominion Bank said Chief Executive Officer Bharat Masrani will retire in April and Raymond Chun will take the top job, as the bank grapples with investigations by the Department of Justice and financial regulators into lapses of money-laundering controls at its US branches. Chun, 55, who’s currently head of TD’s Canadian […]
Article content (Bloomberg) — US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants. The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, Commerce Department data showed Tuesday. Excluding autos and gasoline stations, sales advanced for fourth month. […]
Breadcrumb Trail Links PMN Business Bolivian President Luis Arce vowed to prioritize fuel imports and debt payments as he navigates the dollar shortage that has taken the Andean nation to the brink of chaos. Author of the article: Bloomberg News Peter Millard and Sergio Mendoza Published Sep 16, 2024 • 5 minute read Luis Arce […]
Breadcrumb Trail Links PMN Business Canada’s newly expanded oil pipeline to the Pacific is opening new markets for the country’s crude in Asia while reducing flows off the US Gulf Coast, at least partly fulfilling the project’s promise of diversifying the industry’s customer base. Author of the article: Bloomberg News Robert Tuttle Published Sep 16, […]
Article content (Bloomberg) — Air Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide. Air Canada and the Air Line Pilots Association, which represents the company’s more than 5,000 pilots, arrived at a tentative agreement for a new four-year contract, according to […]
Article content (Bloomberg) — The Kenya Electricity Transmission Co. has awarded Adani Group and a unit of the African Development Bank a public-private partnership concession to construct high-voltage power lines, according to an adviser of the East African nation’s president. “The government through Ketraco has awarded PPP concessions to Adani and Africa50 to build new […]
Article content (Bloomberg) — The Philippines withdrew its Coast Guard vessel from a South China Sea shoal that’s recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, Coast […]