Article content (Bloomberg) — Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows. Signs of the shifting tides include Mexican state oil company Pemex recently buying Colombian oil for its refinery in Texas and American refiner Valero Energy Corp. […]
Breadcrumb Trail Links PMN Business The Bank of Canada cut its overnight rate to 3.75% on Wednesday, its lowest level since December 2022. Here’s what economists and investors are saying about it. Author of the article: Bloomberg News Stephanie Hughes, Randy Thanthong-Knight and Derek Decloet Published Oct 23, 2024 • 4 minute read The Bank […]
Breadcrumb Trail Links PMN Business An investigation of Huawei Technologies Co.’s latest AI offering has unearthed an advanced processor made by Nvidia Corp. manufacturing partner Taiwan Semiconductor Manufacturing Co., suggesting that China is still struggling to reliably make its own advanced chips in sufficient quantities. Author of the article: Bloomberg News Mackenzie Hawkins Published Oct […]
Article content (Bloomberg) — Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter. The two pension funds are working with Bank of America Corp. and Canadian Imperial Bank of Commerce on a potential transaction, […]
Article content (Bloomberg) — A consortium including asset manager Neuberger Berman is buying a stake in Nord Anglia in a deal valuing the international school operator at $14.5 billion including debt. Buyout firm EQT AB, one of Nord Anglia’s current major shareholders, is investing in the company again through a newer fund, according to a […]
Breadcrumb Trail Links PMN Business The lawyer for Mozambican opposition politician Venâncio Mondlane was gunned down early Saturday, drawing outrage from around the world and calls for a transparent investigation. Author of the article: Bloomberg News Matthew Hill Published Oct 19, 2024 • 2 minute read Article content (Bloomberg) — The lawyer for Mozambican opposition […]
Article content (Bloomberg) — Hungarian Prime Minister Viktor Orban once again blocked European Union efforts to tweak its Russia sanctions regime, a step needed to unlock significant US participation in a $50 billion loan to Ukraine. The EU ran into a familiar obstacle as Orban refused to budge during an EU summit in Brussels, according […]
Breadcrumb Trail Links PMN Business US inflation last month was a touch stronger than forecast, helping to consolidate market bets that the Federal Reserve will opt for a smaller interest-rate cut in November. Author of the article: Bloomberg News Vince Golle and Molly Smith Published Oct 12, 2024 • 4 minute read ktjxhavps2cmtea}kkpznc7r_media_dl_1.png Destatis Article […]
Breadcrumb Trail Links PMN Business Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden. Author of the article: Bloomberg News Charles Daly, Rafaela Lindeberg and Niclas Rolander Published Oct 08, 2024 • 3 minute read Article […]
Article content (Bloomberg) — Honda Motor Co. said it’s open to altering its electrification roadmap if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle targets. “There’s enough room to adjust the time line of establishing EV factories globally and change […]