Article content (Bloomberg) — Workers at Ford Motor Co.’s Canadian unit avoided a strike, reaching a tentative agreement late Tuesday after extending negotiations by 24 hours from a previous deadline. Unifor, the Canadian autoworkers’ union, pushed for improved pension benefits, higher wages and support for workers during the electric-vehicle transition. Article content “When faced with […]
Article content (Bloomberg) — Oil fell after a breakneck rally as wider markets held a cautious tone ahead of a Federal Reserve meeting, and crude’s metrics continued to signal that prices may have risen too far, too fast. West Texas Intermediate for November dropped toward $90 a barrel, after closing almost level on Tuesday. Its […]
Article content (Bloomberg) — Oil traded near a 10-month high as the physical market showed fresh signs of tightness driven by supply cuts from OPEC+ leaders. Global benchmark Brent edged toward $95 a barrel, advancing for a fourth straight day. Premiums for physical barrels are surging as refiners struggle to make enough diesel ahead of […]
Breadcrumb Trail Links PMN Business The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come. Author of the article: […]
Article content (Bloomberg) — Oil extended an upswing as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero. Global benchmark Brent advanced above $94 a barrel after a three-week run of gains that boosted prices […]
Breadcrumb Trail Links PMN Business How long can the world’s borrowers hold on as higher interest rates bite? Author of the article: Bloomberg News Lucy White, Catarina Saraiva and Swati Pandey Published Sep 17, 2023 • 6 minute read Join the conversation dp}y{y8]peyjmz2xl]r){k{7_media_dl_1.png Source: Office for National Stat Article content (Bloomberg) — Ligaya Kelly worries her […]
Breadcrumb Trail Links PMN Business Asian equities retreated following tech-led declines on Wall Street as investors looked ahead to a week that includes Federal Reserve and Bank of Japan meetings. Author of the article: Bloomberg News Tassia Sipahutar and Toby Alder Published Sep 17, 2023 • Last updated 45 minutes ago • 4 minute read Join […]
Breadcrumb Trail Links PMN Business Commodity trading giant Trafigura Group has been exploring a range of potential deals involving its metals business, as it grapples with the unit’s future following a string of missteps. Author of the article: Bloomberg News Jack Farchy, Dinesh Nair, Alfred Cang and Archie Hunter Published Sep 16, 2023 • 3 […]
Breadcrumb Trail Links PMN Business Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors is placing bets on the economy hitting a wall — and a sharp policy reversal in short order. Author of the article: Bloomberg News Michael Mackenzie and Edward Bolingbroke […]
Breadcrumb Trail Links PMN Business A 36-hour rush of global monetary decisions may set the tone for the rest of the year as the world adjusts to a US push to keep interest rates high. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 16, 2023 • 5 minute read Join […]