Article content (Bloomberg) — The Stock Exchange of Thailand picked an outsider to lead the bourse out of one of its worst periods in five decades amid a share price slump, an exodus by foreign funds and corporate scandals. Asadej Kongsiri, 53, was chosen to become the exchange’s new president for a four-year term starting […]
Breadcrumb Trail Links PMN Business Before the trading day starts we bring you a daily digest of the key news and events that are likely to move markets. Author of the article: Bloomberg News Ashutosh Joshi Published Jun 13, 2024 • 2 minute read 0mal9]vnw5[ftw62fk73y9yt_media_dl_1.png Bloomberg Article content (Bloomberg) — Before the trading day starts […]
Breadcrumb Trail Links PMN Business The desert country is a bellwether for climate change Author of the article: Bloomberg News Salma El Wardany and Olivia Rudgard Published Jun 12, 2024 • 5 minute read A man carrying a new fan during high temperatures in Attaba district in Cairo, Photographer: Islam Safwat/Bloomberg Photo by Islam Safwat […]
Breadcrumb Trail Links PMN Business The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Author of the article: Bloomberg News Irina Anghel Published Jun 12, 2024 • 3 minute read tqb2hct0r9sc886fk2lhnkid_media_dl_1.png […]
Article content (Bloomberg) — Atos SE chose a group led by Onepoint, its top shareholder, to take over the heavily indebted French IT company and will work with creditors to secure the refinancing offer. The board chose Onepoint’s proposal, which includes new equity and reduced debt, over a second bid from billionaire Daniel Kretinsky’s EP […]
Article content (Bloomberg) — Volkswagen AG and Isuzu Motors Ltd. have expressed skepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries. While the government in February announced that automakers will be allowed to claim a 150% tax deduction on investment in facilities to make the vehicles, the local heads of both companies […]
Breadcrumb Trail Links PMN Business Indian Prime Minister Narendra Modi’s new cabinet will see the return of several old faces from his earlier administration, although there’s no clarity on the positions they’ll hold, including the key finance post. Author of the article: Bloomberg News Ruchi Bhatia, Shruti Srivastava and Swati Gupta Published Jun 10, 2024 […]
Breadcrumb Trail Links PMN Business Spain, Portugal, Greece are among the euro area’s fastest growing economies. Author of the article: Bloomberg News Eleni Chrepa and Macarena Munoz Montijano Published Jun 10, 2024 • 5 minute read A restaurant on the Tagus river in Lisbon. While mass tourism is still a large part of Southern Europe’s […]
Article content (Bloomberg) — The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining a typical single-family home — not including mortgage payments — totaled […]
Breadcrumb Trail Links PMN Business Prime Minister Narendra Modi, heading into his third term with a weakened mandate, wants India to embrace a new “green era” at the forefront of climate diplomacy and clean technology. Author of the article: Bloomberg News Rajesh Kumar Singh and Lou Del Bello Published Jun 08, 2024 • 3 minute […]