Breadcrumb Trail Links PMN Business China’s new premier is taking his first steps into the global spotlight this week, in part thanks to President Xi Jinping’s surprise snub of a key gathering of world leaders in India. Author of the article: Bloomberg News Bloomberg News Published Sep 05, 2023 • 4 minute read Join the […]
Article content (Bloomberg) — Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which drove a 1.3% gain. While […]
Article content (Bloomberg) — Africa may need an almost tenfold increase in climate adaptation funding to $100 billion a year if it’s to buttress its infrastructure, improve weather early warning systems and shield its agriculture from climate change, the Global Center on Adaptation said. Current adaptation finance flows of about $11 billion a year in […]
Article content (Bloomberg) — Oil traded near the highest level this year after a surge driven by supply cuts from OPEC+ that have tightened the market. Global benchmark Brent was little changed below $89 a barrel after a five-day advance that lifted futures by more than 5%. US crude counterpart West Texas Intermediate, meanwhile, held […]
Article content (Bloomberg) — China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant in […]
Breadcrumb Trail Links PMN Business The South Korean government started marketing its first-ever Samurai bond Monday, in the latest sign of how President Yoon Suk Yeol is spearheading a transformation in relations with Japan. Author of the article: Bloomberg News Finbarr Flynn Published Sep 03, 2023 • 2 minute read Join the conversation Article content […]
Article content (Bloomberg) — Asian stocks edged higher as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday. Stocks rose at the open in South Korea and Australia, while holding on to small gains in […]
Article content (Bloomberg) — The biggest US companies are badly trailing their Chinese counterparts when it comes to generating income from solar, wind, nuclear and other types of renewable energy. Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai […]
Article content (Bloomberg) — Chancellor Jeremy Hunt reiterated the UK government’s pledge to halve inflation this year, saying pressures on household budgets will soon begin to ease. Hunt released a statement ahead of Parliament’s return on Monday. He said adhering to he plans of Prime Minister Rishi Sunak’s administration to tackle inflation was the best […]
Article content (Bloomberg) — Hello from London, where September brings the return of political wrangling, school (for some) and rail strikes (though those never really went away during the summer). Article content Grant Shapps is back too, shuffling up the front bench as defence secretary from the energy security and net zero role he took […]