Article content (Bloomberg) — Russia’s war in Ukraine has made the now-treacherous waters of the southern Red Sea a vital global trade corridor for oil — especially Moscow’s own exports. As Europe has shunned Russian barrels, it has increasingly relied on cargoes from the Middle East. Meanwhile, Moscow has boosted flows to Asia as it […]
Breadcrumb Trail Links PMN Business Ken Griffin is no stranger to giving out big gifts in the big cities where he lives and does business. Author of the article: Bloomberg News Amanda Gordon Published Dec 18, 2023 • 6 minute read Join the conversation Griffin, during a groundbreaking ceremony for the final phase of The […]
Article content (Bloomberg) — The UK will introduce a carbon border tax from 2027 for imports of emissions-intensive goods from countries deemed to have weaker climate regimes, following a similar move by the European Union. Imports of iron, steel, aluminum, ceramics and cement would be subject to the new levy, the Treasury said in a […]
Breadcrumb Trail Links PMN Business Wall Street’s biggest banks are warning that existing assumptions around much-needed green finance will no longer hold if the US goes ahead with stricter capital requirements. Author of the article: Bloomberg News Natasha White Published Dec 17, 2023 • 4 minute read Join the conversation wbos6b2)nwhplze086g56etj_media_dl_1.png Source: Bloomberg Intelligence Article […]
Breadcrumb Trail Links PMN Business Vacationers filling up with gasoline in Brisbane or Durban this holiday season have a good chance of pulling into a station that’s part of the growing fuel-retailing empire of the world’s biggest independent oil trader. Author of the article: Bloomberg News Archie Hunter Published Dec 17, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business All eyes will be on the Bank of Japan when it sets policy on Tuesday, as Governor Kazuo Ueda continues to inch toward ending the world’s last negative interest-rate regime. Author of the article: Bloomberg News Brian Fowler and Craig Stirling Published Dec 16, 2023 • 5 minute read Join […]
Article content (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Rockcliff Energy II LLC for about $2.7 billion in a move to expand its US shale gas operations. Tokyo Gas America will acquire all the shares of Rockcliff, a portfolio company of Quantum Energy Partners, through its ownership interest […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz may have clinched an accord on a budget for 2024, but his coalition has a lot more questions to answer about the country’s destiny. Author of the article: Bloomberg News Jana Randow and Kamil Kowalcze Published Dec 16, 2023 • 4 minute read Join the conversation […]
Breadcrumb Trail Links PMN Business Home ownership comes with concierge access to the private jet terminal next door, as well as entry to a members-only club in the city center. Author of the article: Bloomberg News Lisa Fleisher Published Dec 15, 2023 • 4 minute read Join the conversation Article content (Bloomberg) — There’s no […]
Article content (Bloomberg) — Indian imports of solar power equipment have risen rapidly this year, and the country is still highly reliant on foreign suppliers despite Prime Minister Narendra Modi’s efforts to increase self-sufficiency, according to BloombergNEF. Solar panel imports hit an 18-month high in September, while purchases of photovoltaic cells in value terms in […]