Article content (Bloomberg) — Egypt looks poised to hold interest rates again Thursday as the latest Middle Eastern conflict on its borders gives the economically troubled country a further reason to tread carefully. The North African nation was already expected to save its next bout of monetary tightening until it enacts another much-anticipated currency devaluation […]
Breadcrumb Trail Links PMN Business A collapse in home building threatens to intensify shortages for years to come Author of the article: Bloomberg News Laura Malsch and Niclas Rolander Published Nov 02, 2023 • 6 minute read Join the conversation wyfy(tf(a5g61r{j}k4n6]7t_media_dl_1.png Sources: Ifo, German Federal Sta Article content (Bloomberg) — In a leafy neighborhood in […]
Article content (Bloomberg) — AustralianSuper Pty’s latest rejection of the A$19.4 billion ($12.5 billion) bid for Origin Energy Ltd. signals more than a snub from the firm’s largest shareholder. It’s a clear display of the increasing clout of Australia’s giant pension funds. While it’s too early to brand the A$3.5 trillion superannuation industry as activists, […]
Article content (Bloomberg) — Indonesia will confine its spending plans for its historic $21.5 billion climate aid package to on-grid power, punting on the issues presented by the growing fleet of coal-fired plants that service industrial sites in remote areas. In a revised Comprehensive Investment Policy Plan reviewed by Bloomberg, the country also added a […]
Breadcrumb Trail Links PMN Business Spain is considering whether to shield its “most strategic” company from foreign takeovers in what could be the the government’s most significant protectionist move in more than a decade. Author of the article: Bloomberg News Rodrigo Orihuela Published Nov 01, 2023 • 3 minute read Join the conversation Jose Maria […]
Breadcrumb Trail Links PMN Business The Czech Republic has an aversion to joining the euro, but companies are slowly taking the country into the single currency anyway. Author of the article: Bloomberg News Peter Laca and Krystof Chamonikolas Published Oct 31, 2023 • 5 minute read Join the conversation k5dc{k8dt305ii8sn9pqkjx}_media_dl_1.png Source: Czech National Bank Article content […]
Breadcrumb Trail Links PMN Business As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns. Author of the article: Bloomberg News Priscila Azevedo Rocha, Todd Gillespie and Lars Paulsson Published Oct 30, 2023 • 3 […]
Article content (Bloomberg) — Workers at Stellantis NV’s Canadian plants went on strike after failing to reach a new contract by a Sunday night deadline, giving the automaker a new labor headache just days after it settled a long walkout with the United Auto Workers. Unifor, which represents Canadian auto workers, announced the action in […]
Breadcrumb Trail Links PMN Business The Pilbara region has propelled Australia’s economy for decades. Now it needs to contend with the end of China’s infrastructure boom — and a greener future Author of the article: Bloomberg News David Stringer Published Oct 28, 2023 • 6 minute read Join the conversation 4(r1s78(fyxojht2tn2)}fz{_media_dl_1.png Source: Rio Tinto Article content […]
Breadcrumb Trail Links PMN Business Israel announced the “second stage” of its war against Hamas, with Prime Minister Benjamin Netanyahu warning that the ground invasion of the Gaza Strip will be “long and difficult” as the risks of a broader Middle East conflict rise. Author of the article: Bloomberg News Gwen Ackerman and Henry Meyer […]