Article content (Bloomberg) — Treasury Secretary Scott Bessent said he’s confident US consumer price increases will slow over the course of the year after a poll suggested Americans want President Donald Trump to focus more on bringing down inflation. Article content Bessent defended Trump’s economic plans on CBS News’ Face the Nation, saying the president […]
Article content (Bloomberg) — Allegro Microsystems Inc. is drawing takeover interest from larger competitor ON Semiconductor Corp., according to people familiar with the matter. Article content Phoenix-based ON Semi has been working with advisers in recent months to pursue Allegro, the people said, asking not to be identified because the matter is private. It’s possible […]
Article content (Bloomberg) — Finland has ended the seizure of a shadow fleet tanker that pulled up four underwater data cables and a power link on Dec. 25 as investigations proceed. Article content The Eagle S will be escorted by the Border Guard from Finnish territorial waters, the police said in an emailed statement on […]
Article content (Bloomberg) — Firefly Aerospace is poised to land a robotic spacecraft on the moon on Sunday in partnership with NASA, part of the agency’s ongoing efforts to study the lunar surface ahead of planned human landings. Article content After journeying to the moon since its launch on January 15, Firefly’s Blue Ghost lander […]
Article content (Bloomberg) — Goldman Sachs Group Inc. said it’s more than 80% of the way to meeting its 2030 goal of putting $750 billion toward supporting the transition to a low-carbon economy, and to advancing what it calls “inclusive growth.” Article content The Wall Street bank announced its progress in its annual 10K filing […]
Article content Canada needs to demonstrate that it has control over its energy supplies in order to become a secure nation amid tariff threats from the United States, says one industry expert. Article content “We have a big decision to make in this country: whether or not for future generations and future prosperity, we want […]
Breadcrumb Trail Links PMN Business European governments should be realistic about the costs to consumers and industry from pursuing strict net-zero emissions goals, according to the head of the world’s biggest independent oil trader. Author of the article: Bloomberg News Archie Hunter Published Feb 26, 2025 • 4 minute read r298pwg5maltght]s6izndi0_media_dl_1.png EPEX Article content (Bloomberg) […]
Article content (Bloomberg) — BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management, according to people familiar with the matter. Article content In a […]
Article content (Bloomberg) — Indonesia will channel $20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday. Article content The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food […]
Breadcrumb Trail Links PMN Business The Bank of Korea is widely expected to resume its easing cycle this week in the absence of early fiscal stimulus, supporting the economy against Donald Trump’s tariff war that has already weighed on business and consumer confidence dented by political turmoil. Author of the article: Bloomberg News Sam Kim […]