Breadcrumb Trail Links PMN Business The Democratic Alliance, South Africa’s main opposition party, predicted it can topple the African National Congress in this year’s election and said that it has a plan to end power cuts and turn the struggling economy around within five years if it does. Author of the article: Bloomberg News S’thembile […]
Article content (Bloomberg) — Turkey canceled the environmental licenses of a gold mine operated by a unit of SSR Mining Inc. in eastern Turkey after a landslide this week left nine workers trapped under the rubble. The nation’s environmental ministry ended the miner’s environmental permissions and licenses, according to a statement. Article content The move […]
Article content (Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation data for a few months would still be consistent with a path back to the central bank’s 2% goal. “Rate cuts should be tied to confidence in being on a path toward the target,” Goolsbee said in prepared remarks […]
Article content (Bloomberg) — Coal India Ltd. posted a record quarterly profit that beat estimates as buyers of the fossil fuel boosted stockpiles before the summer demand season. Coal use in India, the world’s No. 3 polluter, is climbing as power consumption grows and Prime Minister Narendra Modi’s government prioritizes domestic fuel sources to bolster […]
Article content (Bloomberg) — The European Union hashed out a preliminary agreement on fiscal reform that will aim to reduce debt and protect investment in key areas such as defense and the green transition. The political deal will introduce a gradual fiscal adjustment path for nations whose government debt exceeds 60% of gross domestic product […]
Breadcrumb Trail Links PMN Business The OECD expects global inflation to recede faster in most economies compared to its previous estimates, but urged central bankers to stay alert as it’s too soon to declare victory. Author of the article: Bloomberg News Molly Smith and Vince Golle Published Feb 10, 2024 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business An ugly row with the family of a murdered teenager and an on-air bet about deporting asylum-seekers summed up another week to forget for Rishi Sunak as time ticks down to a UK election. Within days, he may be adding a recession, higher inflation and the loss of two Parliament […]
Article content (Bloomberg) — South African President Cyril Ramaphosa’s state-of-the-nation speech was met with predictable skepticism as he laid out the country’s progress since White rule ended 30 years ago. But the most important thing was probably what he left unsaid. He committed to extending welfare grants but made no concrete ballot-box spending pledges to […]
Article content (Bloomberg) — One of China’s most prominent fund managers, Wang Yawei, is currently “not involved” in the asset management company he founded, the firm said, after a report last year that he had been detained. Wang’s involvement in the operations of Qianhe Capital Management Co. is suspended because of personal reasons, the company […]
Breadcrumb Trail Links PMN Business Euro-zone leaders looking to keep populist parties at bay are unlikely to get much help from the economy this year — even if the European Central Bank cuts interest rates. Author of the article: Bloomberg News Alexander Weber Published Feb 04, 2024 • 4 minute read Join the conversation nzz}]n0m146yu0k{j4u]1qxi_media_dl_1.png […]