Article content (Bloomberg) — Iraq said it pumped below its OPEC+ oil-production quota last month as it sought to comply better with the group’s effort to balance global crude markets. The Middle East heavyweight cut production by 260,000 barrels a day to 3.94 million a day in September, Mohammed Al-Najjar, head of the market research […]
Breadcrumb Trail Links PMN Business US inflation last month was a touch stronger than forecast, helping to consolidate market bets that the Federal Reserve will opt for a smaller interest-rate cut in November. Author of the article: Bloomberg News Vince Golle and Molly Smith Published Oct 12, 2024 • 4 minute read ktjxhavps2cmtea}kkpznc7r_media_dl_1.png Destatis Article […]
Article content (Bloomberg) — The US will support Serbia’s efforts to dial back its reliance on fossil-fuel imports from Russia and accelerate its transition to renewable energy resources, a senior State Department diplomat said during a visit to the Balkan nation. The visit by Jose Fernandez, the under secretary of state for economic growth, energy […]
Breadcrumb Trail Links PMN Business Stocks hit fresh all-time highs as big banks rallied after kicking off the earnings season with solid earnings. Author of the article: Bloomberg News Rita Nazareth Published Oct 11, 2024 • Last updated 0 minutes ago • 4 minute read exmolg4o3q11bswlewrg0hwu_media_dl_1.png Bureau of Labor Statistics Article content (Bloomberg) — Stocks hit […]
Breadcrumb Trail Links PMN Business Bond investors lifted wagers that the Federal Reserve will cut interest rates by a quarter point next month as a sharp rise in claims for unemployment took precedence over a hotter-than-expected inflation print. Author of the article: Bloomberg News Liz Capo McCormick Published Oct 10, 2024 • 3 minute read […]
Article content (Bloomberg) — France’s state development bank is considering loaning South Africa about €300 Million ($329 million) in what would be its second disbursement under a climate-finance pact between the African nation and some of the world’s richest countries, people familiar with the situation said. The 20-year loan, the exact size of which is […]
Article content (Bloomberg) — Israeli Prime Minister Benjamin Netanyahu’s office said he spoke with US President Joe Biden for the first time in more than a month as Washington looks to temper Israel’s retaliation for last week’s missile attack from Iran. The two sides were expected to provide readouts of what the leaders discussed later […]
Breadcrumb Trail Links PMN Business Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden. Author of the article: Bloomberg News Charles Daly, Rafaela Lindeberg and Niclas Rolander Published Oct 08, 2024 • 3 minute read Article […]
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 […]