Breadcrumb Trail Links PMN Business Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. Author of the article: Bloomberg News Stephen Stapczynski Published May 04, 2024 • 6 minute […]
Breadcrumb Trail Links PMN Business Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett? Author of the article: Bloomberg News Amanda Albright and Isis Almeida Published May […]
Article content (Bloomberg) — Civilian facilities in the Ukrainian cities of Kharkiv and Odesa came under Russian missile fire on Saturday afternoon, according to local officials. Four people were wounded in Kharkiv, near the Russian border in Ukraine’s far northeast, where the strike ignited a fire, regional governor Oleh Syniehubov said on Telegram. Article content […]
Article content (Bloomberg) — Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry. Macquarie grew its share […]
Article content (Bloomberg) — Oil headed for its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East and weakening across fuel markets. Brent traded below $84 a barrel for a weekly loss of more than 6%, while West Texas Intermediate was near $79. Hamas is studying a proposal for […]
Article content (Bloomberg) — Oil was little changed after plunging on a big jump in US crude inventories that added to concerns about weakening demand. Brent for July traded below $84 a barrel after slumping to the lowest since mid-March in the prior session, while West Texas Intermediate was near $79. US crude stockpiles jumped […]
Article content (Bloomberg) — Oil extended a decline on the prospect a cease-fire in the Middle East will ease tensions and as signs of elevated inflation weigh on the outlook for US demand ahead of a Federal Reserve meeting. Brent crude traded near $85 a barrel after losing 1% on Tuesday, while West Texas Intermediate […]
Article content (Bloomberg) — Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East. Brent crude traded below $89 a barrel after gaining 2.5% last week, while West Texas Intermediate dropped toward $83. US Secretary of State Antony Blinken will step […]
Article content (Bloomberg) — Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies using ocean freight to reduce pollution across their supply chains. Instead of passing through Egypt’s Suez Canal, hundreds of vessels since mid-December are sailing […]
Article content (Bloomberg) — Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based company requested approval to receive an LNG shipment to cool down its equipment as […]