Article content (Bloomberg) — Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, […]
Article content (Bloomberg) — Equity markets in Asia look set to open higher as the Federal Reserve reiterated it’s in no rush to cut interest rates and will await more evidence that inflation is under control. Futures contracts for the Nikkei 225 index pointed higher, while trading is still closed in Australia and Hong Kong […]
Breadcrumb Trail Links PMN Business Gildan Activewear Inc.’s former chief executive officer said he has a strategy to nearly double the clothing maker’s profits by 2028 if he returns to the job — and that investors will be better off with his plan than selling the company to the highest bidder. Author of the article: […]
Breadcrumb Trail Links PMN Business Healthy US employment gains continued in March while wage growth moderated, indicating the nation’s labor market is poised to keep stoking the economy with limited risk of an inflation resurgence. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Mar 30, 2024 • 6 minute read a]vn1aech9fdw3tmmzeg18sh_media_dl_1.png […]
Breadcrumb Trail Links PMN Business Japan still relies on fossil fuels to generate more than 70% of its power. Author of the article: Bloomberg News Aaron Clark and Shoko Oda Published Mar 27, 2024 • 3 minute read eyifx0s55{4vc07a5r672ct}_media_dl_1.png Source: RE100 Article content (Bloomberg) — Amazon.com Inc., the world’s biggest corporate buyer of clean electricity, delivered […]
Breadcrumb Trail Links PMN Business Stocks in Asia are set for a muted open after US benchmarks wiped out gains in the final half hour of trading, with investors rebalancing their portfolios after a rally that’s already topped $4 trillion this year. Author of the article: Bloomberg News Rob Verdonck and Rita Nazareth Published Mar […]
Breadcrumb Trail Links PMN Business The founder of China’s world-beating battery manufacturer is pressing ahead with expansion in the face of a global slowdown in electric-vehicle sales growth. Author of the article: Bloomberg News Bloomberg News Published Mar 25, 2024 • 4 minute read pqfszvbhshk49[5{3mvkxfu(_media_dl_1.png Source: SNE Research, China Auto Article content (Bloomberg) — The […]
Breadcrumb Trail Links PMN Business The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about cutting interest rate too soon. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Mar 23, 2024 • 6 minute read 33cgee6k3{0pvaatijut3ey0_media_dl_1.png Source: Statistics Sweden, […]
Breadcrumb Trail Links PMN Business On many weekends, dozens of people line up in a nondescript alleyway in east London to shop at sample sales: designer clothing offered at discounts that typically stretch to 70% or more. Author of the article: Bloomberg News Eliza Ronalds-Hannon, Giulia Morpurgo and Jill R. Shah Published Mar 23, 2024 […]
Article content (Bloomberg) — Canada’s equities benchmark index closed at a new all-time high Thursday on the backs of bank stocks, surging commodity prices and a rally in the country’s growing tech sector. The S&P/TSX Composite Index climbed to 22,087.26, setting its first record since 2022, as financial and real estate stocks led a broad-based […]