Breadcrumb Trail Links PMN Business South Africa’s President Cyril Ramaphosa announced plans to attract 2 trillion rand ($110 billion) of investment by 2028, to the clamor of business executives pleading with his government to urgently address the nation’s energy and logistics crises, and rampant crime. Author of the article: Bloomberg News S’thembile Cele and Amogelang […]
Article content (Bloomberg) — South Africa faces a winter of social unrest as sustained power outages limit economic growth and job creation, amid a cost-of-living crisis and increasing political tensions ahead of elections scheduled for next year, according to the Centre For Risk Analysis. Article content Africa’s most-industrialized economy is likely to be plagued by […]
Breadcrumb Trail Links PMN Business The asset manager is the latest to pile pressure on banks over their exposure to oil, gas and coal. Author of the article: Bloomberg News Alastair Marsh Published Apr 13, 2023 • 2 minute read Join the conversation Article content (Bloomberg) — Legal & General Investment Management said it will support […]
Breadcrumb Trail Links PMN Business Article content SHANGHAI — Brazil’s President Luiz Inacio Lula da Silva said on Thursday the creation of the New Development Bank shows emerging nations can together create major social and economic changes, even freeing themselves from the traditional banking system. Kicking off his China visit, Lula attended the inauguration of […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Joice Alves Published Apr 12, 2023 • 2 minute read Join the conversation Article content LONDON — Major global currencies including the U.S. dollar were steady on Wednesday ahead of U.S. inflation data which investors will scrutinize for clues as to when the Federal Reserve […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Yoruk Bahceli Published Apr 12, 2023 • Last updated 6 minutes ago • 4 minute read Join the conversation Article content April 12 (Reuters) – European stock indexes hit new highs on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Karen Braun Published Apr 12, 2023 • 3 minute read Join the conversation Article content NAPERVILLE — Dan Aykroyd and Eddie Murphy got rich in the 1983 movie “Trading Places” by creating a fake crop report from the U.S. Department of Agriculture saying the U.S. […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Rae Wee and Medha Singh Published Apr 11, 2023 • 2 minute read Join the conversation Article content Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised […]
Breadcrumb Trail Links PMN Business Article content PRAGUE — Czech Finance Minister Zbynek Stanjura wants to overhaul the value-added tax system, raising VAT on some items including hotels, water, beer and heating, as the country seeks to lower its budget deficit, state TV reported. The reforms, which Czech Television called the biggest in eight years, […]
Article content MADRID — Norway’s sovereign fund will oppose Ferrovial’s plan to relocate to the Netherlands at the Spanish engineering company’s shareholders’ meeting this week, after the Spanish government criticized the proposal put forward by the board. The $1.4 trillion fund, which holds a 1.49% stake in Ferrovial, said on its website it would vote […]