Breadcrumb Trail Links Oil & Gas Energy Commodities Oilsands major underperformed its peers in second half of 2022, triggering a clause in last year’s peace agreement The Suncor Energy Edmonton Refinery. Photo by David Bloom/Postmedia files Article content Activist investor Elliott Investment Management LP appears poised to add a fourth member to Suncor Energy Inc.’s […]
Breadcrumb Trail Links PMN Business The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Author of the article: Bloomberg News Philip Aldrick Published Jan 16, 2023 • 3 minute read Join the conversation The logo the World Economic Forum (WEF) inside the […]
Breadcrumb Trail Links PMN Business President Joe Biden delivered a sermon on Sunday at Martin Luther King Jr.’s historic Ebenezer Baptist Church in Atlanta, testing out themes he’ll need to drive turnout of Black voters in his expected 2024 re-election campaign. Author of the article: Bloomberg News Akayla Gardner and Margaret Newkirk Published Jan 15, […]
Breadcrumb Trail Links PMN Business The China reopening story has emerged as global investors’ top hedge against a US recession, but caution is growing that its exact impact could vary across asset classes. Author of the article: Bloomberg News Karl Lester M. Yap Published Jan 15, 2023 • 4 minute read Join the conversation czjvtejr)lzuryvmpko4xy}s_media_dl_1.png […]
Article content Chancellor Olaf Scholz said Germany needs to increase its pace of expanding renewable power to reach its goal of becoming climate-neutral by 2045, even as Europe’s largest economy withstands the initial impact of Russia’s energy squeeze. Article content “We are getting through this winter” without a gas shortage, Scholz said Saturday at the […]
Breadcrumb Trail Links PMN Business Emmanuel Macron’s government presented a plan to gradually raise France’s minimum retirement age to 64 by 2030 from 62, defying labor unions that have pledged to resist the change with strikes and protests. Author of the article: Bloomberg News Ania Nussbaum and William Horobin Published Jan 10, 2023 • 3 […]
Breadcrumb Trail Links PMN Business There wasn’t much sunshine in the stack of Wall Street forecasts that predicted 2023 would bring a global economic contraction and rough going for risk assets. But as January trading picks up steam, a small cadre of optimists is breaking away from consensus and betting a soft landing can deliver […]
Article content (Bloomberg) — Natural gas prices in Europe fell back to pre-war levels, as a bout of mild weather reduced demand and eased fears of a prolonged supply crunch. Article content Benchmark futures fell as much as 11% as a warm spell curbs heating demand and blustery conditions cut use of gas in power […]
Article content (Bloomberg) — European bonds rose sharply on the first day of trading in 2023, a sign traders are taking advantage of a recent selloff to lock in some of the highest yields in more than a decade before inflation starts to cool. Article content The rate on 10-year bunds fell as much as […]
Article content (Bloomberg) — Ukraine weathered a fresh New Year’s fusillade of missile and drone strikes one day after Russian strikes damaged three schools, a kindergarten, and several private houses. Ukraine’s air defense forces said it shot down 45 drones overnight. Article content Russia and Ukraine carried out a prisoner swap on Saturday that saw […]