Breadcrumb Trail Links PMN Business The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published May 25, 2024 • 6 minute read 21i{x0mj9n]wv{l}fvphebn)_media_dl_1.png Bloomberg Economics based […]
Article content (Bloomberg) — BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell their respective 50% stakes in assets held by the nation’s largest refinery to state-owned Central Energy Fund SOC Ltd. The sale includes the oil companies’ interests in the land at SAPREF (Pty) Ltd. […]
Breadcrumb Trail Links PMN Business As investigators closed in on their biggest target of Kazakhstan’s anti-corruption campaign, they uncovered clues in Kairat Satybaldyuly’s meticulous notes. Author of the article: Bloomberg News Nariman Gizitdinov Published May 25, 2024 • 5 minute read izfi4ardu6x2io6jb23aeeqf_media_dl_1.png World Bank, IMF, Bloomberg Article content (Bloomberg) — As investigators closed in on […]
Article content (Bloomberg) — Indian power generation firm Tata Power Co. is planning to raise as much as $1 billion-equivalent for clean energy projects, in what could be the country’s largest local currency loan this year. The unit of Tata Group, one of India’s largest conglomerates, is in talks with lenders including State Bank of […]
Breadcrumb Trail Links PMN Business The Aland Islands are variously described as the lock to Finland, a pistol pointed at Sweden, and a beacon of peace. Author of the article: Bloomberg News Danielle Bochove and Leo Laikola Published May 23, 2024 • 7 minute read wzlptvk9kzxr5sp6)hpeskk7_media_dl_1.png Baltic Marine Environment Protec Article content (Bloomberg) — On […]
Breadcrumb Trail Links PMN Business Something’s stirring in the world’s fourth-biggest economy. After decades of growth slow enough to make deflation the central bank’s biggest worry, Japan’s prices and wages are rising. Its stock market, too. Even interest rates have gone up for the first time in 17 years — they’re actually slightly positive now. Author […]
Breadcrumb Trail Links PMN Business Its creators hope to take the concept—part immersive theater, part interactive dining—to cities worldwide. Author of the article: Bloomberg News Mia Glass Published May 23, 2024 • 5 minute read Article content (Bloomberg) — Watching grown men and women voluntarily put on voluminous, red and black cancan skirts and participate […]
Breadcrumb Trail Links PMN Business BYD’s Seagull hatchback is set to start Europe sales next year, beating the competition on price Author of the article: Bloomberg News Albertina Torsoli and Anthony Palazzo Published May 22, 2024 • 4 minute read BYD’s Stella Li at a launch event in Mexico City. Photographer: Mariceu Erthal/Bloomberg Photo by […]
Article content (Bloomberg) — Samsung Electronics Co. is replacing the head of its semiconductor arm, appointing a longtime memory chip veteran to spearhead efforts to catch up with SK Hynix Inc. in the booming AI arena. Korea’s largest company named Jun Young Hyun the new leader of its most important business line. He replaces Kyung […]
Article content (Bloomberg) — Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group Ltd., Australia’s largest oil and gas producer “The fallout has been massive, and the volatility is not over,” Chief Executive Officer Meg O’Neill said in a speech Tuesday to […]