Article content (Bloomberg) — Asian stocks edged higher as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday. Stocks rose at the open in South Korea and Australia, while holding on to small gains in […]
Breadcrumb Trail Links PMN Business China’s trade and inflation data this week will likely signal that the economy’s recovery remains fragile, keeping pressure on policymakers to roll out more stimulus. Author of the article: Bloomberg News Bloomberg News Published Sep 02, 2023 • 6 minute read Join the conversation Article content (Bloomberg) — China’s trade […]
Article content (Bloomberg) — China’s reliance on coal — and how to reduce it — was a key topic of discussion at an international group this week as nations work to solve one of the thornier global climate issues, Canadian Environment Minister Steven Guilbeault said. China uses more coal for electricity generation than all other […]
Breadcrumb Trail Links PMN Business A faltering offsets program points to new problems with the corporate world’s favorite “climate solution.” Author of the article: Bloomberg News Alastair Marsh, Will Mathis and James Herron Published Aug 30, 2023 • 11 minute read Join the conversation Article content (Bloomberg) — Six months after becoming the chief executive […]
Article content (Bloomberg) — Amazon.com Inc. and Shopify Inc. have struck a deal to allow merchants who pay for Shopify’s e-commerce tools to use Amazon’s logistics network. The two companies, which both sell e-commerce software and services to brands and merchants, say Amazon’s “Buy with Prime” will soon be among the tools available to Shopify’s […]
Article content (Bloomberg) — The UK should work with its democratic allies to discuss defenses against hostile uses of artificial intelligence, according to an influential group of MPs, as London seeks to play a central role in the development of the emerging technology. Britain should join with “like-minded countries who share liberal, democratic values, to […]
Breadcrumb Trail Links PMN Business Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike. Author of the article: Bloomberg News Vince Golle Published Aug 26, 2023 • 5 minute read Join the […]
Breadcrumb Trail Links PMN Business The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world: Author of the article: Bloomberg News Catarina Saraiva and Alexander Weber Published Aug 24, […]
Breadcrumb Trail Links PMN Business It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have […]
Breadcrumb Trail Links PMN Business As fears of a severe US recession recede, investors flush with cash are looking to put money to work in junk assets. Companies with upcoming maturities are rushing to take advantage. Author of the article: Bloomberg News Tasos Vossos and Jill R. Shah Published Aug 19, 2023 • 4 minute […]