Breadcrumb Trail Links PMN Business Bank of England Governor Andrew Bailey warned that inflation in the UK is sticky and taking longer to come down after shock data that fueled bets on higher interest rates. Author of the article: Bloomberg News Lucy White and Tom Rees Published May 24, 2023 • 2 minute read Join […]
Article content (Bloomberg) — Tanzania has wrapped up negotiations with an international energy consortium for a long-delayed $40 billion liquefied natural gas export project, paving the way for final agreements to be signed in the coming weeks. Article content The consortium, led by Equinor, Shell and Exxon Mobil, wants to develop an onshore LNG plant […]
Breadcrumb Trail Links PMN Business Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re braced for a recession that could cause contracts from crude to jet fuel to take another tumble. Author of the article: Bloomberg News Devika Krishna […]
Article content (Bloomberg) — EON SE is exploring a sale of a UK unit supplying energy to large businesses, people with knowledge of the matter said, becoming the latest power company to seek an exit from a sector generating slim returns. Article content The German group is working with advisers to gauge buyer interest in […]
Breadcrumb Trail Links PMN Business High global borrowing costs are postponing construction of the $3 billion mill at the center of a massive wood-pulp project in Paraguay. Author of the article: Bloomberg News Ken Parks Published May 13, 2023 • 2 minute read Join the conversation Article content (Bloomberg) — High global borrowing costs are […]
Breadcrumb Trail Links PMN Business The European Union offered closer political and investment ties to some 20 countries from across the Indo-Pacific region, as the bloc seeks more influence despite ever-growing Chinese and US ambitions. Author of the article: Bloomberg News Ania Nussbaum and Niclas Rolander Published May 13, 2023 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel holdings. Author of the article: Bloomberg News Saijel Kishan and Martin Z. Braun Published May 12, 2023 • 2 minute read Join […]
Article content (Bloomberg) — Redefine Properties Ltd., South Africa’s second-largest real estate investment trust, said an oversupply of offices has kept rents under pressure. The company’s profit plunged 63% to 798.5 million rand ($43.5 million) in the six months ended Feb. 28. Rising interest rates and unprecedented power outages prompted the company to lower its […]
Breadcrumb Trail Links PMN Business Price of groceries has grown 50% faster than overall inflation since 2020 Author of the article: Bloomberg News Mike Dorning Published May 07, 2023 • 6 minute read Join the conversation Melissa Lopes has started going to the Boston Red Cross food pantry once, sometimes twice a week since her benefits were […]
Breadcrumb Trail Links PMN Business Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses. Author of the article: Bloomberg News Max Reyes Published May 06, 2023 • 2 minute read Join the conversation An attendee looks at books during a […]