Article content (Bloomberg) — Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. Brent rose above $89 a barrel and is up more than 2% for the week, while West Texas […]
Breadcrumb Trail Links PMN Business Price growth in Tokyo decelerated sharply to a pace below 2% in April, in an outcome largely distorted by the start of education subsidies, as the Bank of Japan gathers to decide policy. Author of the article: Bloomberg News Erica Yokoyama and Yoshiaki Nohara Published Apr 25, 2024 • Last […]
Article content (Bloomberg) — Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western Australian mines. The company exported 43.3 million tons in its third quarter, down 6% from the year before, due to […]
Article content (Bloomberg) — Solar equipment giant Enphase Energy Inc. sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter. Enphase shares dipped 5.5% in post-market trading after the company reported first-quarter results that missed analyst expectations as US revenue fell 34% compared to the […]
Breadcrumb Trail Links PMN Business Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon. Author of the article: Bloomberg News Ari Natter and Jennifer A. Dlouhy Published […]
Breadcrumb Trail Links PMN Business Canada is on the verge of an agreement with Honda Motor Co. that would see the Japanese firm build electric vehicles and their components in the province of Ontario, according to people familiar with the matter. Author of the article: Bloomberg News Brian Platt Published Apr 21, 2024 • 4 […]
Article content (Bloomberg) — South Korea’s exports have made a brisk start to the second quarter based on early trade figures for April, brightening the outlook for economic growth. The value of shipments increased 11.1% from a year earlier in the first 20 days of April, according to data released Monday by the customs office. […]
Breadcrumb Trail Links PMN Business The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Author of the article: Bloomberg News Ruth Carson, Naomi Tajitsu, Carter Johnson and Tania Chen Published Apr 21, 2024 • 5 minute read jmgkklccc7ol6n}9ayqhvvo0_media_dl_1.png Bloomberg Article […]
Article content (Bloomberg) — Oil fell after its first back-to-back weekly decline this year as traders weighed the potential next steps from Iran and Israel amid simmering tensions in the Middle East. Brent slipped below $87 a barrel after losing 3.5% last week, the biggest drop since early February. There’s an uneasy calm over the […]
Breadcrumb Trail Links PMN Business Higher inflationary expectations and price tolerance are taking root in Japan, a development that supports the central bank’s moves to normalize policy and raise interest rates further. Author of the article: Bloomberg News Toru Fujioka Published Apr 21, 2024 • 3 minute read 2(38ux6c1img8z6t9h4o[jh3_media_dl_1.png Source: BOJ Article content (Bloomberg) — […]