Article content (Bloomberg) — BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management, according to people familiar with the matter. Article content In a […]
Article content (Bloomberg) — Indonesia will channel $20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday. Article content The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food […]
Breadcrumb Trail Links PMN Business Even before Friday’s slide jolted the US stock market out of its calm, some traders were preparing for unrest. Author of the article: Bloomberg News Natalia Kniazhevich Published Feb 23, 2025 • 3 minute read ii)gzxr[0aw4nk1w{e4fclx4_media_dl_1.png Bloomberg Article content (Bloomberg) — Even before Friday’s slide jolted the US stock market […]
Breadcrumb Trail Links PMN Business The Bank of Korea is widely expected to resume its easing cycle this week in the absence of early fiscal stimulus, supporting the economy against Donald Trump’s tariff war that has already weighed on business and consumer confidence dented by political turmoil. Author of the article: Bloomberg News Sam Kim […]
Breadcrumb Trail Links PMN Business The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival. Author of the article: Bloomberg News Bloomberg News Published Feb 23, 2025 • Last updated 16 minutes […]
Breadcrumb Trail Links PMN Business Investors are warming up toward Asian emerging-market stocks as the dollar’s rally pauses and US President Donald Trump’s initial tariff onslaught proves less punishing than earlier envisaged. Author of the article: Bloomberg News Winnie Hsu and Abhishek Vishnoi Published Feb 22, 2025 • 3 minute read sz5rtrqft5l5dkx[fbb[8[nz_media_dl_1.png Bloomberg Article content […]
Article content (Bloomberg) — The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter. Article content Commerce Secretary Howard Lutnick was among US officials who conveyed that message at […]
Breadcrumb Trail Links PMN Business The Trump administration began sending emails to more than 2 million federal workers on Saturday, asking them to report on what they did last week or be forced to resign. Author of the article: Bloomberg News Gregory Korte and Victoria Cavaliere Published Feb 22, 2025 • Last updated 5 hours ago […]
Breadcrumb Trail Links PMN Business The Trump administration is proposing fees on the use of China’s commercial ships it says could help counter the country’s maritime dominance. Author of the article: Bloomberg News Jenny Leonard and Jennifer A. Dlouhy Published Feb 21, 2025 • 3 minute read Article content (Bloomberg) — The Trump administration is […]
Breadcrumb Trail Links PMN Business President Donald Trump told Republican governors that implementing his agenda was key to their own political futures, arguing that embracing it could mitigate or even prevent losses in the midterm elections. Author of the article: Bloomberg News Stephanie Lai and Akayla Gardner Published Feb 20, 2025 • 3 minute read […]