Article content (Bloomberg) — The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. is looking to expand its commodities trading team in Singapore, as the industry turns increasingly bullish on copper, aluminum and other metals. The division, which handled about half of China’s silver exports last year, is aiming to […]
Article content (Bloomberg) — Oil declined as weak Chinese data raised concerns about demand, and traders looked ahead to an OPEC+ meeting on supply policy. Brent fell toward $82 a barrel after losing 1.3% on Friday, while West Texas Intermediate was below $78. Poor Chinese credit and inflation data showed the government is struggling to […]
Article content (Bloomberg) — Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said, describing the lucrative market as a “golden opportunity” just days ahead of releasing his annual fiscal blueprint. “The critical minerals space is one of the reasons why there is so much attention from global […]
Article content (Bloomberg) — A new boat the length of a football field, built to help operate US offshore wind farms, will be christened Saturday in New Orleans with Republican and Democratic lawmakers looking on — a show of bipartisan support for an industry that GOP presidential candidate Donald Trump frequently attacks. The 262-foot Eco Edison, bobbing in the muddy […]
Breadcrumb Trail Links PMN Business President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said. Author of the article: Bloomberg News Josh Wingrove, […]
Article content (Bloomberg) — The PGA Tour said Joe Gorder was elected chairman of PGA TOUR Enterprises, its commercial venture that secured up to $3 billion of funding in January from a group of US investors. Gorder, who is executive chairman of Valero Energy Corp., will also sit on a newly formed “transaction subcommittee,” which […]
Breadcrumb Trail Links PMN Business Japan’s households cut spending again as sticky inflation weighed on sentiment and government subsidies capped costs for utilities, with policymakers looking for historic wage hikes to be a catalyst for a recovery in coming months. Author of the article: Bloomberg News Yoshiaki Nohara Published May 09, 2024 • 3 minute […]
Article content (Bloomberg) — Oil edged higher after a mixed snapshot of US inventories that included an unexpected drop in nationwide crude holdings. Brent crude rose toward $84 a barrel after climbing by 0.5% in the previous session, with West Texas Intermediate above $79. Overall stockpiles of crude declined by 1.36 million barrels last week, […]
Article content (Bloomberg) — Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida. “Foreign exchange rates make a significant impact on the economy and inflation,” Ueda […]
Article content (Bloomberg) — Oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus. Brent dipped below $83 a barrel, after dropping to the lowest since March 13 on Tuesday, while West Texas Intermediate declined toward $78. Crude stockpiles at the […]