Category: PMN Business

Jan 16

Treasuries ‘Death Spiral’ Risk Is Brushed Aside by Foreign Funds

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, […]
Jan 16

Biden issues directive allowing Cyprus to buy American arms from the US government

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 […]
Jan 15

US Inflation Data to Remain Firm, Feeding Fears of Higher Rates

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, […]
Jan 15

Metals, Oil Surge in US as Traders Bet Higher Chance of Tariffs

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 […]
Jan 14

Canadian Ambassador Warns of ‘Tit-For-Tat’ Retaliation to US Tariffs

Article content (Bloomberg) — US President-elect Donald Trump’s tariff plans will lead to “tit for tat” retaliation from Canada, according to the country’s ambassador in Washington. Article content Trump has threatened 25% tariffs on all products from Canada and Mexico unless they address his complaints on border security. He has escalated his rhetoric recently, claiming […]