Breadcrumb Trail Links PMN Business China’s consumer inflation rate unexpectedly flatlined in September while factory-gate deflation persisted, suggesting the economy’s path to growth is still fragile and in need of additional support. Author of the article: Bloomberg News Bloomberg News Published Oct 12, 2023 • 3 minute read Join the conversation Motorists wait at a […]
Article content (Bloomberg) — Macquarie Asset Management is in talks with investors to raise as much as $11.5 billion in total for a trio of funds dedicated to Asia Pacific infrastructure, global renewables and energy transition, according to the people familiar with the matter. The Macquarie Group Ltd. unit is in discussions with prospective limited […]
Article content (Bloomberg) — Tata Consultancy Services Ltd.’s second-quarter profit narrowly missed street estimates, underscoring how worries about an economic slowdown continue to curtail tech spending. Net income rose 8.7% to 113.4 billion rupees ($1.4 billion) in the quarter through September. Analysts, on average, had projected a profit of 114.09 billion rupees. Sales climbed 7.9% […]
Breadcrumb Trail Links PMN Business Shares in Asia advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps. A move by China’s sovereign wealth fund to buy shares of the country’s largest banks fueled further optimism. Author of the article: […]
Article content (Bloomberg) — An Australian court backed the government’s decision to approve expansions of two coal mines in a case that’s challenged the climate credentials of Prime Minister Anthony Albanese’s administration. Justice Shaun McElwaine upheld a decision by Environment Minister Tanya Plibersek to authorize the Whitehaven Coal Ltd. and MACH Energy Australia Pty. projects, […]
Article content (Bloomberg) — China’s new-energy passenger car exports more than doubled last month, as the nation’s growing clout in the global auto market comes under pressure from Europe and the US. China-based automakers shipped 91,000 clean vehicles abroad in September, including pure-electric and plug-in hybrids, an increase of 107% from a year earlier, data […]
Article content (Bloomberg) — LG Energy Solution Ltd. soared as much as 8.3% in Seoul trading after its preliminary third-quarter earnings beat analysts’ expectations, helped by a US tax credit policy for creating jobs and attracting investment. Operating profit for the three months to Sept. 30 rose 40% from a year earlier to 731 billion […]
Breadcrumb Trail Links PMN Business China’s wind industry is the country’s latest clean energy sector to see its success draw the attention of foreign trade officials. Author of the article: Bloomberg News Bloomberg News Published Oct 10, 2023 • 4 minute read Join the conversation 2(98gqd(8q((3e(wm4q)usy6_media_dl_1.png Source: BloombergNEF Article content (Bloomberg) — China’s wind industry […]
Article content (Bloomberg) — Oil steadied after its biggest jump in six months as Israel said its retaliation for attacks by militant group Hamas over the weekend had “only started,” increasing the prospect of fresh instability in the Middle East. West Texas Intermediate traded near $86 a barrel after surging 4.3% on Monday, as markets […]
Breadcrumb Trail Links PMN Business Sweden’s H2 Green Steel is in talks with governments in Canada to build a factory in northern Quebec, as the young firm tries to deliver on a promise to customers — steel produced with minimal carbon emissions. Author of the article: Bloomberg News Mathieu Dion and Rafaela Lindeberg Published Oct […]