Article content (Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank must gain more insight on proposed policy changes on issues like trade and immigration before adjusting interest rates. Article content “My view is until we have more clarity, it’s going to be impossible to make a judgment about where […]
Article content (Bloomberg) — The US should stop the closure of coal-fired power plants, Energy Secretary Chris Wright said, adding the fuel source would be essential to the nation’s power system for decades to come. Article content “We are on a path to continually shrink the electricity we generate from coal,” Wright said Tuesday on […]
Breadcrumb Trail Links PMN Business The new rates will go into effect on March 4, a U.S. official said Author of the article: Bloomberg News Jennifer A. Dlouhy, Jenny Leonard and Josh Wingrove Published Feb 10, 2025 • Last updated 0 minutes ago • 5 minute read a5sm23bk6n}{2anvcmb8sv(k_media_dl_1.png UNCTAD TRAINS, Office of the Uni Article content […]
Breadcrumb Trail Links News Economy President Donald Trump said he will announce 25% tariffs on all imports of steel and aluminum on Monday. Author of the article: Bloomberg News Josh Wingrove Published Feb 09, 2025 • Last updated 7 minutes ago • 3 minute read A worker welds a stainless steel part at a steel manufacturing […]
Article content (Bloomberg) — Brookfield Asset Management plans to invest €20 billion ($20.7 billion) to develop data centers and AI infrastructure in France over the next five years, as the competition to dominate artificial intelligence intensifies among global powers. Article content The New York-based investment firm has allocated €15 billion to data center investments, which […]
Breadcrumb Trail Links PMN Business BP Plc’s dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one of the world’s most aggressive activist investors. Author of the article: Bloomberg News Mitchell Ferman and Dinesh Nair Published Feb 09, 2025 • 4 minute read hc8q[ew40ytbcwox8nr)bn3c_media_dl_1.png Bloomberg Article content […]
Breadcrumb Trail Links PMN Business US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the economy, backing the Federal Reserve’s stance to hold the line on interest rates for now. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Feb 08, 2025 […]
Article content (Bloomberg) — A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Article content Restoration work is underway and the incident has had no impact on subscribers so far, according to the state-owned company. Finnish media reported […]
Article content (Bloomberg) — Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Finance Minister Katsunobu Kato said. Article content “We need to carefully see how the exchange rate and other factors will be affected and […]
Breadcrumb Trail Links PMN Business Canada braced for economic turmoil and began rolling out retaliatory trade measures after President Donald Trump signed an executive order imposing 25% tariffs on almost everything the US imports from the country, and 10% on energy. Author of the article: Bloomberg News Thomas Seal Published Feb 01, 2025 • 3 […]