Article content (Bloomberg) — South Korean battery maker LG Energy Solution Ltd. is considering an expansion of its production in the US in a bid to triple sales from energy storage systems, according to a senior executive. LG is reviewing further investment in the US, after unveiling a $2.3 billion spending plan in March to […]
Article content (Bloomberg) — Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate fell below $87 a barrel after a 2.3% advance last week. Technical gauges including the relative strength index suggest futures remain overbought. Oil has surged by almost […]
Breadcrumb Trail Links PMN Business Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast. Author of the article: Bloomberg News Monica Raymunt, William Wilkes and Stefan Nicola Published Sep 10, 2023 • 9 minute read Join the conversation Article content (Bloomberg) — Shortly after taking the most important job in German […]
Article content (Bloomberg) — Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to an […]
Breadcrumb Trail Links PMN Business Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy system, as extreme heat becomes a threat to fuel supply. Author of the article: Bloomberg News Serene Cheong, Sharon Cho and Yongchang Chin Published Sep 09, 2023 • 3 minute […]
Article content (Bloomberg) — Prime Minister Rishi Sunak said British welfare claimants saw a “huge” rise in their benefits this year, and signalled that real-terms cut could be on the cards ahead of the general election. Sunak said he wanted to “reassure families” who receive benefits that he was “always going to make sure that […]
Article content (Bloomberg) — Mexican opposition presidential candidate Xochitl Galvez said she doesn’t plan to privatize the state-owned oil company Petroleos Mexicanos, contradicting recent comments by President Andres Manuel Lopez Obrador. Galvez said she also won’t privatize the utility Comision Federal de Electricidad. Her plan is to modernize both companies and protect the planet with […]
Breadcrumb Trail Links PMN Business President Andres Manuel Lopez Obrador’s big projects are a driving force behind the Mexican government’s plans to boost spending and widen the budget gap in 2024, consolidating his legacy before the next presidential election. Author of the article: Bloomberg News Alex Vasquez Published Sep 09, 2023 • 3 minute read […]
Article content (Bloomberg) — China’s deflationary pressures eased slightly in August as consumer prices rose and producer price declines moderated, adding to signs the worst may be over for some parts of the economy. The consumer price index rose 0.1% last month from a year earlier, the National Bureau of Statistics said Saturday. The increase […]
Breadcrumb Trail Links PMN Business As the world’s most powerful leaders descend on New Delhi for the Group of 20 summit, India is pulling out all the stops, deploying fighter jets around the capital, painting murals on underpasses and chasing away packs of monkeys from government buildings. Author of the article: Bloomberg News Ruchi Bhatia […]