Breadcrumb Trail Links PMN Business As the US and its allies fret over Canada’s allegation that India orchestrated the murder of a Sikh separatist leader, the scandal is providing a political boost to Prime Minister Narendra Modi. Author of the article: Bloomberg News Swati Gupta and Sudhi Ranjan Sen Published Sep 29, 2023 • 3 […]
Article content (Bloomberg) — Oil edged higher after dropping the most in eight weeks on technical resistance and speculation Saudi Arabia will start restoring output if prices get too high. West Texas Intermediate was relatively subdued after a rollercoaster session on Thursday, when it rose above $95 a barrel before closing down 2.1%. Futures are […]
Article content (Bloomberg) — US Secretary of State Antony Blinken met with his Indian counterpart Thursday as tensions between two of Washington’s key allies, Canada and India, grow over the killing of a Sikh leader. The official readout of the meeting between Blinken and Indian External Affairs Minister Subrahmanyam Jaishankar in Washington didn’t reference the […]
Breadcrumb Trail Links PMN Business Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist leader in British Columbia. Now, the diplomatic standoff threatens to spill over into their economies. Author of the article: Bloomberg News Shruti Srivastava Published Sep 26, 2023 • 3 minute […]
Article content (Bloomberg) — Australia’s monthly inflation gauge accelerated in August, reflecting global trends as oil prices jumped, bolstering the case for the Reserve Bank to raise interest rates at least one more time. The consumer price indicator rose 5.2% from a year ago, matching estimates, Australian Bureau of Statistics data showed Wednesday. The result […]
Article content (Bloomberg) — Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates. West Texas Intermediate advanced to near $91 a barrel after ending 0.8% higher on Tuesday. The premium for near-term US barrels is near the highest in more […]
Article content (Bloomberg) — Waratah Capital Advisors’ largest hedge fund dropped 1.5% last month, wiping out most of its gains this year. The Waratah Performance fund advanced just 0.4% through August, according to an investor letter seen by Bloomberg, trailing the 12.8% return for a benchmark that includes the S&P 500 and Canada’s TSX Composite […]
Article content (Bloomberg) — Indonesia opened its first carbon exchange as part of a bid to cap emissions and reap the benefits of keeping its tropical forests intact. The bourse, operated by the Indonesia Stock Exchange, saw 13 transactions covering 459,914 tons of carbon dioxide equivalent on its debut on Tuesday, according to a presentation […]
Breadcrumb Trail Links PMN Business China is considering compensating utilities for all the coal-fired power they’ve built, including plants that are likely to sit idle as Beijing accelerates its transition to clean energy. Author of the article: Bloomberg News Bloomberg News Published Sep 25, 2023 • 3 minute read Join the conversation e3iq3v0drf1odjwungpv4v8s_media_dl_1.png National Bureau […]
Article content (Bloomberg) — Oil’s march toward $100 a barrel remained on pause as the impact of a rapidly tightening market was offset by gains in the dollar that made crude more expensive for many buyers. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Surges in closely watched timespreads […]