Breadcrumb Trail Links PMN Business Laos, which has racked up more debt than it can repay, could explore swapping debt for equity with its biggest creditor China to avoid an eventual default, the Southeast Asian nation’s central bank chief said. Author of the article: Bloomberg News Philip J. Heijmans Published Jul 25, 2024 • 2 […]
Breadcrumb Trail Links PMN Business South Africa is falling short of its ambitious targets and commitments to combat and prepare for climate change, an advisory body appointed by the nation’s president said. Author of the article: Bloomberg News Antony Sguazzin Published Jul 25, 2024 • 3 minute read cl50gb7cy[hxf1e}3u0o7xur_media_dl_1.png Bloomberg Article content (Bloomberg) — South […]
Breadcrumb Trail Links PMN Business Israeli far-right cabinet member Itamar Ben Gvir took the unusual step of endorsing Donald Trump as the next US president, saying a return of the ex-leader would bolster the chances of victory against Iran’s allied militant groups and the Islamic Republic itself. Author of the article: Bloomberg News Galit Altstein […]
Article content (Bloomberg) — Hungary called on the European Union to broker a solution with Ukraine after Kyiv decided to bar the transit of crude from a major Russian oil supplier. The European Commission has convened a so-called trade committee meeting for Wednesday to discuss the standoff, which Hungary and Slovakia argue threatens their energy […]
Article content (Bloomberg) — South Africa’s inflation rate fell slightly in June, touching a six-month low and potentially encouraging the central bank to consider cutting borrowing costs later this year. Consumer prices rose 5.1% in June from a year earlier, compared with 5.2% in the prior month, Pretoria-based Statistics South Africa said Wednesday in a […]
Article content (Bloomberg) — US greenhouse gas emissions are not falling fast enough to meet the Biden administration’s goal of cutting greenhouse gas pollution by at least half in 2030, compared with 2005 levels, according to new analysis by research firm Rhodium Group. The group said the Inflation Reduction Act, passed in 2022, has helped […]
Article content (Bloomberg) — Oil steadied near a six-week low as traders waited for fresh clues on market balances, including the outlook for US stockpiles. Global benchmark fluctuated around $82 a barrel after shedding more than 3% over the previous two sessions, while West Texas Intermediate traded near $78. The recent drop came amid sales […]
Article content (Bloomberg) — Philippine President Ferdinand Marcos Jr. pledged measures that will lift the farm sector and help curb inflation that’s preventing the majority of Filipinos from feeling the benefits of faster economic growth. “The hard lesson of this last year has made it very clear that whatever current data proudly bannering our country […]
Article content (Bloomberg) — Ukraine is putting its own fuel supply at risk by barring the transit of a major Russian oil supplier to eastern Europe, Slovak Prime Minister Robert Fico said. Both Slovakia and Hungary stopped receiving crude from Lukoil PJSC last week after Ukraine hardened sanctions against the Russian producer, effectively banning transit […]
Article content (Bloomberg) — Colombia’s electricity tariffs and rental prices are the main drivers of inflation, and the government wants lawmakers to change legislation that regulate such costs, President Gustavo Petro said. While inflation has slowed, high interest rates and energy prices continue to hurt sectors that promote industrial production and homebuilding, Petro told members […]