Breadcrumb Trail Links PMN Business The United Arab Emirates and Egypt agreed on a deal to develop premium land on the North African nation’s Mediterranean coast, with Abu Dhabi wealth fund ADQ saying it will lead a consortium that plans to invest $35 billion. Author of the article: Bloomberg News Mirette Magdy and Abdel Latif […]
Article content (Bloomberg) — Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada released Thursday. That followed a 0.9% jump in December, which beat the median […]
Article content (Bloomberg) — Colombia’s state energy company, Ecopetrol SA, has determined that a natural gas deposit in the Caribbean Sea that officials were counting on to shore up the nation’s dwindling reserves is significantly smaller than initially estimated. Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of […]
Article content (Bloomberg) — Canada’s population aging slowed for a second straight year as a result of strong immigration, including a recent boom in foreign students and temporary workers. The median age — which divides the population into two groups of equal size and is a key measure for a country’s age distribution — fell […]
Article content (Bloomberg) — Former SunPower Corp. chief executive officer Tom Werner has returned to the company as executive chair, just days after the struggling solar installer received a much-needed financial boost from its biggest shareholders. Werner spent almost 18 years at the company and took up his new duties Monday, according to a […]
Article content (Bloomberg) — Guyana President Irfaan Ali called for the “immediate” development of its gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports. The government is requesting that companies propose strategies to produce more gas, Ali said at the Guyana Energy Conference & Supply […]
Breadcrumb Trail Links PMN Business Trading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in more niche products. Author of the article: Bloomberg News Alex Longley and Devika Krishna Kumar Published Feb 18, 2024 • 3 minute read Join the conversation ntn{pfa)2iz0tldxo(qhy1xy_media_dl_1.png ICE […]
Breadcrumb Trail Links PMN Business As if the commercial real estate market weren’t in enough trouble already, there’s a new risk lurking in property portfolios. Author of the article: Bloomberg News Frances Schwartzkopff Published Feb 18, 2024 • 3 minute read Join the conversation Office windows sit illuminated in Germany. Photographer: Bloomberg Creative Photos/Bloomberg Bloomberg […]
Breadcrumb Trail Links PMN Business This week’s $26 billion combination of two Texas oil companies is the latest in a series of deals that’s ushering in the era of Big Shale. Wall Street, which eyed the sector with skepticism for most of the last decade, appears to be all in. Author of the article: Bloomberg […]
Breadcrumb Trail Links PMN Business The Democratic Alliance, South Africa’s main opposition party, predicted it can topple the African National Congress in this year’s election and said that it has a plan to end power cuts and turn the struggling economy around within five years if it does. Author of the article: Bloomberg News S’thembile […]