Breadcrumb Trail Links PMN Business Japan’s households cut spending again as sticky inflation weighed on sentiment and government subsidies capped costs for utilities, with policymakers looking for historic wage hikes to be a catalyst for a recovery in coming months. Author of the article: Bloomberg News Yoshiaki Nohara Published May 09, 2024 • 3 minute […]
Article content (Bloomberg) — Oil edged higher after a mixed snapshot of US inventories that included an unexpected drop in nationwide crude holdings. Brent crude rose toward $84 a barrel after climbing by 0.5% in the previous session, with West Texas Intermediate above $79. Overall stockpiles of crude declined by 1.36 million barrels last week, […]
Article content (Bloomberg) — Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida. “Foreign exchange rates make a significant impact on the economy and inflation,” Ueda […]
Article content (Bloomberg) — Oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus. Brent dipped below $83 a barrel, after dropping to the lowest since March 13 on Tuesday, while West Texas Intermediate declined toward $78. Crude stockpiles at the […]
Article content (Bloomberg) — Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war began. More than 2 million barrels of Russian naphtha, a building block for plastics, have been […]
Article content (Bloomberg) — Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets. Global benchmark Brent rose toward $84 a barrel after a 0.5% gain on Monday, while West Texas Intermediate was […]
Article content (Bloomberg) — The pace of merger and acquisitions is picking up as global markets’ confidence returns and the path for interest rates becomes clearer, Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said. Opening the bank’s Australian investment conference in Sydney, Wikramanayake was upbeat about the economic and investment outlook. She told delegates […]
Article content (Bloomberg) — Oil advanced after a weekly drop as Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook with the OPEC+ cartel cutting supply. Brent climbed above $83 a barrel after slumping more than 7% last week to post the biggest […]
Breadcrumb Trail Links PMN Business Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. Author of the article: Bloomberg News Stephen Stapczynski Published May 04, 2024 • 6 minute […]
Breadcrumb Trail Links PMN Business Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett? Author of the article: Bloomberg News Amanda Albright and Isis Almeida Published May […]