Article content (Bloomberg) — Deutsche Boerse AG and Nasdaq Inc. said they were raided by European Union antitrust watchdogs who suspect the firms may have been involved in a cartel related to “financial derivatives.” A Deutsche Boerse spokesperson confirmed that the company was hit by the EU’s unannounced inspections on Monday, and that it is […]
Article content (Bloomberg) — Trafigura Group has appointed gas, power and renewables head Richard Holtum as its new chief executive officer, replacing Jeremy Weir who will stay on as chairman of the commodity trading giant. Holtum, a 39-year-old former British army captain, will become CEO on Jan. 1, the company said in a statement. The […]
Article content (Bloomberg) — Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting. Official data published Tuesday showed consumer prices rose 4.66% in the first two weeks of the month from the same period […]
Article content (Bloomberg) — The Federal Reserve’s interest rate cut decision has renewed investor interest in the clean tech industry, a sector that has spent most of 2024 in the doldrums. That’s according to Lucy Brash, a managing director and the head of JPMorgan Chase & Co.’s North American Energy, Power and Renewables Equity Capital […]
Breadcrumb Trail Links PMN Business Climate Week NYC will be drawing in bankers and diplomats who usually show up at the United Nations’ annual climate summits. Author of the article: Bloomberg News Bloomberg Green Published Sep 22, 2024 • 9 minute read A street in Jersey City, New Jersey, facing One World Trade Center and […]
Breadcrumb Trail Links PMN Business President Emmanuel Macron’s new government sparked an immediate angry reaction from across the political spectrum, raising the risk of a swift collapse that would further cloud the outlook for France’s stretched public finances. Author of the article: Bloomberg News William Horobin Published Sep 22, 2024 • 4 minute read hzcv9ojlxkxfgo89by2qn3k)_media_dl_1.png […]
Breadcrumb Trail Links PMN Business South Africa’s new government marks its 100th day in power on Sunday, and while the coalition has been credited with lifting market sentiment, it’s arguably President Cyril Ramaphosa’s earlier reforms that are driving the current optimism. Author of the article: Bloomberg News Colleen Goko, S’thembile Cele and Adelaide Changole Published […]
Breadcrumb Trail Links PMN Business Richard Holtum is preparing to become the third CEO in Trafigura’s history. Author of the article: Bloomberg News Jack Farchy, Archie Hunter and Alfred Cang Published Sep 21, 2024 • 6 minute read 1s[b5[2i11]}088){4q{tk{u_media_dl_1.png Trafigura company filings Article content (Bloomberg) — A couple of months ago, the man in line to be […]
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 […]