Article content (Bloomberg) — Africa50, a Morocco-based investment platform, seeks to raise $500 million in the first close of its Infrastructure Acceleration Fund that will invest in energy, transportation, telecommunication and water projects. Article content The platform started more than a decade ago by the African Development Bank and African governments aims to help bridge […]
Article content (Bloomberg) — Australian coal exports are set to rise for at least the next three years on growing demand for the dirtiest fossil fuel in India and Southeast Asia, according to a new report from Canberra. Article content Thermal and metallurgical coal shipments — used for power generation and steelmaking, respectively — will […]
Breadcrumb Trail Links PMN Business President Emmanuel Macron postponed a long-planned state visit to Germany as France braces for a potential fifth night of riots and looting triggered by the police killing of a teenager. Author of the article: Bloomberg News Tara Patel Published Jul 01, 2023 • 3 minute read Join the conversation Article […]
Article content (Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee said it’s too soon to say whether policymakers should raise rates or hold them steady in July, but said inflation remains well above target and has proved more persistent than expected. While some measures of inflation have improved, other categories aren’t coming down […]
Breadcrumb Trail Links PMN Business Republicans leading two powerful House committees are accusing Federal Trade Commission Chair Lina Khan of giving “misleading testimony” before Congress in April over her participation in the agency’s Meta Platforms Inc. probe. Author of the article: Bloomberg News Emily Birnbaum and Leah Nylen Published Jun 28, 2023 • 2 minute […]
Breadcrumb Trail Links PMN Business The Biden administration on Tuesday outlined its plan for ensuring oil companies have enough money set aside to clean up old offshore platforms, as costs mount for decommissioning decades-old infrastructure in the Gulf of Mexico. Author of the article: Bloomberg News Jennifer A. Dlouhy Published Jun 27, 2023 • 2 […]
Breadcrumb Trail Links PMN Business Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Author of the article: Bloomberg News Lucia Kassai Published Jun 26, 2023 • 2 minute read Join the conversation An oil pump jack at the New Harmony Oil Field in Grayville, Illinois. Photographer: […]
Article content (Bloomberg) — A group of lenders led by Apollo Global Management Inc. is providing as much as $2 billion to Wolfspeed Inc. to support the semiconductor maker’s expansion in the US, according to a statement seen by Bloomberg. The financing makes $1.25 billion of cash immediately available to the company, while another $750 […]
Article content (Bloomberg) — The United Auto Workers union criticized a $9.2 billion US government loan to Ford Motor Co. and South Korea’s SK On as a “massive” handout to a venture creating “low-road jobs.” Article content “Why is Joe Biden’s administration facilitating this corporate greed with taxpayer money?” UAW President Shawn Fain said in […]
Breadcrumb Trail Links PMN Business Canada is set for massive growth in wind power generation as it moves toward net zero emissions by 2050, a new report by the country’s energy regulator suggested. Author of the article: Bloomberg News Brian Platt Published Jun 20, 2023 • 3 minute read Join the conversation A wind farm […]