Article content (Bloomberg) — Exxon Mobil Corp. is in talks to acquire shale-focused Pioneer Natural Resources Co., according to a person familiar with the matter. The Wall Street Journal reported the deal earlier Thursday, citing unidentified people. An agreement could be worth as much as $60 billion and may be completed in the coming days […]
Breadcrumb Trail Links PMN Business Emmanuel Macron is dialing down the volume — and finally getting his way Author of the article: Bloomberg News Ania Nussbaum, Natalia Ojewska and Andra Timu Published Oct 05, 2023 • 6 minute read Join the conversation Emmanuel Macron, France’s president, during the European Union (EU) and Community of Latin American […]
Article content (Bloomberg) — Women want to be leaders in the workplace, but employers are still passing them by in favor of their male counterparts. For every 100 men promoted to a manager role in 2022, only 87 women received the same boost, according to the Women in the Workplace report by Sheryl Sandberg’s LeanIn.Org and […]
Article content (Bloomberg) — Japanese Prime Minister Fumio Kishida vowed Thursday to make a surge of wage rises sustainable, in an unusual appearance at the convention of Japan’s confederation of labor unions. Kishida became the first premier from his conservative Liberal Democratic Party to speak at the biennial Rengo event since 2007. His appearance comes […]
Article content (Bloomberg) — The embattled Philippine peso will probably strengthen to 55 per dollar by the end of the year, implying a gain of more than 3% from its current level, according to Sunlife of Canada Philippines Inc. “We see the peso appreciating toward the end of the year due to seasonal inflows such […]
Article content (Bloomberg) — Turkish inflation probably exceeded 60% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes. The pace of annual price gains accelerated to near 62% last month from almost 59% in August, according to the median forecast in a Bloomberg poll […]
Article content (Bloomberg) — Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $88 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders […]
Article content (Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, […]
Article content (Bloomberg) — PT Barito Renewables Energy, owned by Indonesian billionaire Prajogo Pangestu, is poised to raise 3.13 trillion rupiah ($203 million) through an initial public offering in Jakarta, according to a statement published on Monday. The company, which has Pangestu’s energy firm PT Barito Pacific as its main shareholder, priced the shares at […]
Article content (Bloomberg) — The slump in South Korean exports eased further in September in a positive sign for an economy that depends heavily on trade. Shipments adjusted for working-day differences decreased 2.1% from a year earlier, the customs office said Sunday. Headline exports fell 4.4% in September, compared with a 8.3% drop in the […]