Category: BLOOM

Apr 15

Charting the Global Economy: IMF Trims 2023 Growth Projections

Breadcrumb Trail Links PMN Business The International Monetary Fund said global growth will slow this year more than it previously forecast, partly because of recent stress in the financial sector. Author of the article: Bloomberg News Vince Golle and Molly Smith Published Apr 15, 2023  •  3 minute read Join the conversation 8)81a0kg[xh4r}bvnpc7rd(}_media_dl_1.png Source: Bloomberg […]
Apr 13

Ramaphosa Seeks $110 Billion of Investments for Nation in Crisis

Breadcrumb Trail Links PMN Business South Africa’s President Cyril Ramaphosa announced plans to attract 2 trillion rand ($110 billion) of investment by 2028, to the clamor of business executives pleading with his government to urgently address the nation’s energy and logistics crises, and rampant crime. Author of the article: Bloomberg News S’thembile Cele and Amogelang […]
Apr 13

Winter of Discontent Looms as South Africa Fumbles, Group Says

Article content (Bloomberg) — South Africa faces a winter of social unrest as sustained power outages limit economic growth and job creation, amid a cost-of-living crisis and increasing political tensions ahead of elections scheduled for next year, according to the Centre For Risk Analysis. Article content Africa’s most-industrialized economy is likely to be plagued by […]
Apr 9

Ukraine Latest: Central Bankers Head to IMF/World Bank Meetings

Breadcrumb Trail Links PMN Business Ukraine has laid thousands of anti-tank mines near its northern border with Belarus and Russia to fortify defensive lines and positions, Ukraine’s defense ministry said, citing a top commander. Two civilians were killed in an overnight Russian strike on Zaporizhzhia in Ukraine’s southeast. Author of the article: Bloomberg News Bloomberg […]
Apr 8

Ukraine Latest: Russia Says It Downed Missile Over South Crimea

Breadcrumb Trail Links PMN Business Russia has formally charged detained Wall Street Journal correspondent Evan Gershkovich with espionage, an accusation the White House and the newspaper denied again on Saturday. Author of the article: Bloomberg News Bloomberg News Published Apr 08, 2023  •  Last updated 56 minutes ago  •  6 minute read Join the conversation c)a35ziugb]ynu6rke2x1k77_media_dl_1.png […]
Apr 6

US Profits Set for Pandemic-Sized Drop, Goldman Strategists Say

Article content (Bloomberg) — The approaching US earnings season is expected to be the gloomiest since the pandemic, according to Goldman Sachs Group Inc. strategists. Article content Analyst consensus expectations are for S&P 500 earnings-per-share to fall 7% in the first quarter from a year earlier, marking the sharpest decline since the third quarter of […]