Article content (Bloomberg) — China Southern Power Grid Co., the country’s second-largest electricity supplier, is considering a bid for the stakes held by Canadian pension funds in Transelec SA, according to people familiar with the matter. The Chinese state-owned utility, which already holds almost 28% of Chile’s biggest power-transmission company, is working with a financial […]
Breadcrumb Trail Links PMN Business China may be the world’s biggest buyer of iron ore, but even that powerful position doesn’t mean that Beijing can succeed in dictating prices for the steelmaking ingredient, said the head of No. 2 producer Vale SA. Author of the article: Bloomberg News Mariana Durao and Thomas Biesheuvel Published Dec […]
Breadcrumb Trail Links PMN Business COP28 Daily Reports: Sign up for the Green Daily newsletter for comprehensive coverage of the climate summit right in your inbox. Author of the article: Bloomberg News Isabel Reynolds and Shoko Oda Published Dec 01, 2023 • 3 minute read Join the conversation wuu6p5qkc2[socz1y}fjw2wv_media_dl_1.png Source: Data compiled by Bloombe Article […]
Article content (Bloomberg) — Kinepolis Group NV, one of the largest theater operators in Europe, recently considered making a bid for Cineplex Inc., the No. 1 chain in Canada, but chose not to proceed after concluding a deal would struggle to win regulatory approval, according to people familiar with the matter. Kinepolis may still pursue […]
Breadcrumb Trail Links PMN Business Credit managers are nervously awaiting data this coming week that will show whether a Japanese pullback from US corporate bonds in August was a blip or the beginning of a trend. Author of the article: Bloomberg News Neil Callanan and Lisa Lee Published Nov 11, 2023 • 5 minute read […]
Breadcrumb Trail Links PMN Business Herbert Wigwe, co-founder of Nigeria’s biggest bank by assets, is investing in a new $500 million university to help build skills needed for the finance and technology industries in Africa’s most-populous nation. Author of the article: Bloomberg News Emele Onu and Anthony Osae-Brown Published Nov 11, 2023 • 2 minute […]
Breadcrumb Trail Links PMN Business Australia’s central bank resumed raising interest rates on Tuesday in a widely anticipated move, while signaling a higher hurdle to further policy tightening that pushed the local currency lower. Author of the article: Bloomberg News Swati Pandey Published Nov 07, 2023 • 4 minute read Join the conversation bpwoasrg1u00u9{droi6c]3h_media_dl_1.png Bloomberg […]
Breadcrumb Trail Links PMN Business China’s deflationary pressures just aren’t going away, underscoring the fragility of the economic recovery as 2023 enters the home stretch. Author of the article: Bloomberg News Bloomberg News Published Nov 04, 2023 • 7 minute read Join the conversation e(guv06)cx]15idjhw1(e]b4_media_dl_1.png Sources: Central banks, Bloomber Article content (Bloomberg) — China’s deflationary […]
Breadcrumb Trail Links PMN Business Emmanuel Macron is beefing up France’s arsenal of strategic tools to protect vulnerable firms against foreign buyers with deep pockets, with a particular eye on the US and China. Author of the article: Bloomberg News Ania Nussbaum and William Horobin Published Nov 02, 2023 • 4 minute read Join the […]
Article content (Bloomberg) — Workers at Stellantis NV’s Canadian plants went on strike after failing to reach a new contract by a Sunday night deadline, giving the automaker a new labor headache just days after it settled a long walkout with the United Auto Workers. Unifor, which represents Canadian auto workers, announced the action in […]