Article content (Bloomberg) — Oil shrugged off Iran’s unprecedented attack on Israel, with gains held in check by speculation that the conflict would remain contained. Global benchmark Brent crude initially rose just 0.7% to $91.05 a barrel, before trading flat. More than 300 missiles and drones were fired by Iran at the weekend, the first […]
Breadcrumb Trail Links PMN Business Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. Author of the article: Bloomberg News Winnie Hsu Published Apr 14, 2024 • Last updated 4 minutes ago • 3 minute read qesm35u8z2cyco3ye2jy5f{i_media_dl_1.png Bloomberg Article […]
Breadcrumb Trail Links PMN Business If the global economy is heading for a soft landing, there’s likely to be plenty of anxiety along the way. Author of the article: Bloomberg News Ramsey Al-Rikabi and Craig Stirling Published Apr 13, 2024 • 7 minute read Jerome Powell, chairman of the US Federal Reserve, from left, Kazuo […]
Breadcrumb Trail Links PMN Business Sakana AI, a Tokyo-based startup founded by former Google researchers, is capitalizing on a surge in interest among Japanese firms seeking to catch up in artificial intelligence. Author of the article: Bloomberg News Min Jeong Lee and Natsuko Katsuki Published Apr 11, 2024 • 3 minute read Article content (Bloomberg) […]
Breadcrumb Trail Links PMN Business Standard Chartered Plc says the finance industry urgently needs to update its toolbox and steer a lot more capital into protecting critical infrastructure, homes and whole cities from the fallout of global warming. Author of the article: Bloomberg News Natasha White Published Apr 10, 2024 • 3 minute read A […]
Article content (Bloomberg) — Levels of stress at German companies hit the highest level in almost four years, as Europe’s biggest economy faces a sustained period of slower growth. German corporate distress was the highest since 2020 at the start of this year, according to research published on Thursday. The study, by law firm Weil, […]
Article content (Bloomberg) — A handful of top German industrials may prove the biggest drag on quarterly results in Europe in the coming weeks, an ominous sign for the country’s benchmark DAX Index as it hovers near a record high. Carmakers BMW AG and Mercedes-Benz Group AG, chemicals giant BASF SE, drugs and crop chemicals […]
Breadcrumb Trail Links PMN Business Pakistan’s new finance minister is on a mission to fix his country. To many, it’s an unenviable task. Author of the article: Bloomberg News Faseeh Mangi Published Apr 08, 2024 • 5 minute read Shoppers buy fruits at a market in Islamabad, Pakistan, on Saturday, March 30, 2024. Pakistan is […]
Breadcrumb Trail Links PMN Business Japanese Prime Minister Fumio Kishida heads to Washington looking to strengthen his country’s alliance with the US while sidestepping issues that cast their ties in an unfavorable light — including the planned takeover of United States Steel Corp. Author of the article: Bloomberg News Stephen Stapczynski, Shoko Oda and Yoshiaki […]
Article content (Bloomberg) — BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia Treasurer Riley Moore took a victory lap in an announcement of the financial firms it was […]