Article content (Bloomberg) — Oil headed for a fourth straight weekly gain ahead of President-elect Donald Trump’s second term, with traders seeking clarity on far-reaching sanctions and trade policies. Article content West Texas Intermediate traded below $79 a barrel, up about 3% this week, while Brent closed above $81. Trump’s advisers are crafting a wide-ranging […]
Breadcrumb Trail Links PMN Business For investors in China, fighting another trade war with the US will feel like anything but been there and done that. Author of the article: Bloomberg News Bloomberg News Published Jan 16, 2025 • 4 minute read k3jag6kaiwvy41l5ift3t9iz_media_dl_1.png Bloomberg Article content (Bloomberg) — For investors in China, fighting another trade […]
Breadcrumb Trail Links PMN Business Whether you’re speaking with Europe’s largest money manager, Australia’s giant pension funds, or a cash-rich insurer in Japan, there’s a resounding message you’ll hear when it comes to US Treasuries: They are still hard to beat. Author of the article: Bloomberg News Ruth Carson and Alice Gledhill Published Jan 15, […]
Article content (Bloomberg) — Oil extended a powerful early-year advance on mounting risks to global supplies, and as commercial crude inventories in the US posted their longest run of declines since 2021. Article content West Texas Intermediate rose above $80 a barrel after climbing more than 3% on Wednesday, to hit the highest since July. […]
Breadcrumb Trail Links PMN Business Suzuki Motor Corp.’s India unit, BYD Co. and VinFast Auto Ltd. are among carmakers gearing to showcase their new electric vehicles in New Delhi as the fight intensifies for the fastest-growing major automobile market where Tesla Inc. is conspicuous by its absence. Author of the article: Bloomberg News Satviki Sanjay […]
Article content NICOSIA, Cyprus (AP) — President Joe Biden issued a directive Wednesday that allows Cyprus to buy arms from the U.S. government and get surplus American military equipment in a move welcomed as promoting stability in the eastern Mediterranean. Article content From Cyprus’ perspective, the development is a key step after the United States […]
Breadcrumb Trail Links PMN Business Forecasters expect a monthly report on US consumer prices to show a fifth month of firm increases, bolstering the case for an extended pause in Federal Reserve interest-rate cuts. Author of the article: Bloomberg News Matthew Boesler Published Jan 14, 2025 • 3 minute read 8eqdbh71s}bb2in04zdi7e17_media_dl_1.png Bureau of Labor Statistics, […]
Article content (Bloomberg) — Oil edged higher after dropping by the most in more than a month as the impact of US sanctions against Russian flows continued to reverberate, and an industry report pointed to lower US stockpiles. Article content West Texas Intermediate rose toward $78 a barrel, after losing 1.7% on Tuesday on expectations […]
Article content (Bloomberg) — Bunge Global SA, one of the world’s largest crop traders, received approval from Canada for its $8 billion acquisition of Viterra Inc. Article content The decision Tuesday comes after delays to regulatory approvals around the world pushed back the completion of the deal, previously set for the middle of 2024. The […]
Article content (Bloomberg) — US prices of metals and oil are surging above their international counterparts as traders increase bets President-elect Donald Trump will impose tariffs on imported goods. Article content Metals including copper, silver and platinum are seeing a price dislocation between London and New York in recent weeks, while differentials in oil prices […]