Article content (Bloomberg) — The International Monetary Fund will expand its financing to Kenya by $938 million to bolster the East African nation’s reserves before a eurobond repayment is due in June. The funding, which still requires IMF board approval, will result in the Washington-based lender granting Kenya immediate access to around $682 million, the […]
Breadcrumb Trail Links PMN Business UK inflation tumbled to the lowest level in two years, prompting investors to firm up bets that the Bank of England will be able to cut rates as early as the Spring of next year. Author of the article: Bloomberg News Tom Rees and Philip Aldrick Published Nov 15, 2023 […]
Article content (Bloomberg) — Sweden’s core inflation rate was slightly lower than expected in October, increasing the probability that the country’s central bank will end a year-and-a-half long tightening campaign later this month. Prices excluding energy and interest-rate changes rose by 6.1% from a year earlier, a release from Statistics Sweden showed Tuesday. That was […]
Article content (Bloomberg) — UK wage growth slowed and vacancies continued to fall, further signs that the labor market is easing as the British economy flirts with recession. Average earnings excluding bonuses rose 7.7% in the three months through September, compared with a revised 7.9% in the period through August, the Office for National Statistics […]
Article content (Bloomberg) — Pension giant AustralianSuper turned down a new approach to join a Brookfield Asset Management and EIG Global Energy Partners-led A$19.4 billion ($12.3 billion) takeover of utility Origin Energy Ltd. The country’s largest pension fund, which is Origin’s biggest investor with 15.3% of shares, “rejected an 11th hour and unsolicited letter” from […]
Breadcrumb Trail Links PMN Business Fundraising has dropped, sector is underperforming the broader market Author of the article: Bloomberg News Justina Lee Published Nov 13, 2023 • 4 minute read Join the conversation ok6uc75n9uoh80{j[bkumw]0_media_dl_1.png Source: Association of Investmen Article content (Bloomberg) — In 1868, a British lawyer set up the first investment trust to pool […]
Article content (Bloomberg) — Every winter for at least a decade now, New Delhi has been bracing for extreme air pollution that harms the health of its population, particularly children and the elderly. When temperatures drop and wind speed declines, toxic particles from car tailpipes, industrial chimneys, and construction sites remain trapped over India’s capital […]
Article content (Bloomberg) — This week, US creditworthiness took another knock, the world’s largest bank met the world’s most prolific cyber extortion group, crypto soared and Hollywood found a way back to the studios. Here’s a roundup of weekend reading. South Korea’s surprise decision last weekend to ban short selling isn’t deterring investors, who are snapping up the […]
Article content (Bloomberg) — Fikile Mbalula, the secretary general of South Africa’s ruling African National Congress, reiterated a discredited claim that an $8.8 billion climate finance pact is responsible for the recurrent power outages in the country. Mbalula, speaking at a debate between political party leaders in Johannesburg on Thursday, said the closure of coal-fired […]
Article content (Bloomberg) — Voters approved a $1.4 billion bond sale to refurbish and expand the aging, overcrowded school system in Midland, Texas, the unofficial shale-oil capital of the US, preliminary results show. The school spending package — the largest ever in the district’s history — was approved by a 56%-to-44% margin Tuesday, according to […]