Breadcrumb Trail Links PMN Business Commodity trading giant Trafigura Group has been exploring a range of potential deals involving its metals business, as it grapples with the unit’s future following a string of missteps. Author of the article: Bloomberg News Jack Farchy, Dinesh Nair, Alfred Cang and Archie Hunter Published Sep 16, 2023 • 3 […]
Breadcrumb Trail Links PMN Business Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors is placing bets on the economy hitting a wall — and a sharp policy reversal in short order. Author of the article: Bloomberg News Michael Mackenzie and Edward Bolingbroke […]
Breadcrumb Trail Links PMN Business A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world. Author of the article: Bloomberg News Jeanny Yu and Charlotte Yang Published Sep 15, 2023 • 4 minute read Join the conversation […]
Article content (Bloomberg) — Oil headed for a third weekly gain as the market continued to tighten on the back of supply curbs from Saudi Arabia and Russia. West Texas Intermediate advanced on Friday after crossing the $90 a barrel mark for the first time since November on Thursday. The International Energy Agency and Organization […]
Article content (Bloomberg) — Taiwan’s stock exchange is focusing on attracting a new crop of innovation and technology companies in an effort to build investor interest and diversify the country’s equity market, according to the head of the exchange. Trading on the Taiwan Stock Exchange TWSE is dominated by Taiwan Semiconductor Manufacturing Co., which accounts […]
Article content (Bloomberg) — David McCormick, the former Bridgewater Associates chief executive officer, will likely seek the Republican nomination for US Senate in Pennsylvania, the Associated Press reported Thursday. He would be looking to take the seat now held by Bob Casey, a three-term Democrat and son of a former governor, as Republicans aim to […]
Article content (Bloomberg) — Liquefied natural gas workers at key Chevron Corp. sites in Western Australia have begun ramping up a campaign of industrial action in a dispute that has roiled global energy markets. Staff started a program of escalated action Thursday after beginning partial strikes on Sept. 8, a union official confirmed. Chevron has […]
Breadcrumb Trail Links PMN Business The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. Author of the article: Bloomberg News Anthony Di Paola Published Sep 12, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business Welcome to the world of China’s lithium auctions, where vast numbers of bids are placed, firms end up spending over a thousand times the opening price, and buyers promising hundreds of millions of dollars have walked without paying. Author of the article: Bloomberg News Annie Lee Published Sep 12, 2023 […]
Breadcrumb Trail Links PMN Business The abrupt resignation of BP chief Bernard Looney marks the loss of an executive who pushed for a transition to clean energy more aggressively than any of his industry peers, with mixed results. Author of the article: Bloomberg News Laura Hurst Published Sep 12, 2023 • 4 minute read Join […]