Article content (Bloomberg) — The hunt for stock winners in the global race for green transition-linked minerals has found a new target: India’s miners. Shares of metals producers have outperformed local equity benchmarks this year on hopes that the firms will play a potential role in the country’s green agenda following the discovery of lithium […]
Article content (Bloomberg) — Exxon Mobil Corp. is in talks to acquire shale-focused Pioneer Natural Resources Co., according to a person familiar with the matter. The Wall Street Journal reported the deal earlier Thursday, citing unidentified people. An agreement could be worth as much as $60 billion and may be completed in the coming days […]
Breadcrumb Trail Links PMN Business Emmanuel Macron is dialing down the volume — and finally getting his way Author of the article: Bloomberg News Ania Nussbaum, Natalia Ojewska and Andra Timu Published Oct 05, 2023 • 6 minute read Join the conversation Emmanuel Macron, France’s president, during the European Union (EU) and Community of Latin American […]
Article content (Bloomberg) — Japanese Prime Minister Fumio Kishida vowed Thursday to make a surge of wage rises sustainable, in an unusual appearance at the convention of Japan’s confederation of labor unions. Kishida became the first premier from his conservative Liberal Democratic Party to speak at the biennial Rengo event since 2007. His appearance comes […]
Article content (Bloomberg) — Turkish inflation probably exceeded 60% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes. The pace of annual price gains accelerated to near 62% last month from almost 59% in August, according to the median forecast in a Bloomberg poll […]
Article content (Bloomberg) — Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $88 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders […]
Article content (Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, […]
Article content (Bloomberg) — PT Barito Renewables Energy, owned by Indonesian billionaire Prajogo Pangestu, is poised to raise 3.13 trillion rupiah ($203 million) through an initial public offering in Jakarta, according to a statement published on Monday. The company, which has Pangestu’s energy firm PT Barito Pacific as its main shareholder, priced the shares at […]
Article content (Bloomberg) — The slump in South Korean exports eased further in September in a positive sign for an economy that depends heavily on trade. Shipments adjusted for working-day differences decreased 2.1% from a year earlier, the customs office said Sunday. Headline exports fell 4.4% in September, compared with a 8.3% drop in the […]
Breadcrumb Trail Links PMN Business Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 30, 2023 • Last updated 2 minutes ago • 6 minute read Join […]