Article content (Bloomberg) — The European Central Bank may have to raise borrowing costs again if investor bets on monetary loosening undermine the institution’s policy stance, Governing Council member Pierre Wunsch said. Markets are taking an “optimistic” view by discounting the possibility of further hikes and expecting the first reduction of the ECB’s deposit rate […]
Article content TOKYO (AP) — The release of a third batch of treated radioactive wastewater from Japan’s damaged Fukushima nuclear plant into the Pacific Ocean ended safely as planned, its operator said Monday, as the country’s seafood producers continue to suffer from a Chinese import ban imposed after the discharges began. Large amounts of radioactive […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Todd Richmond Published Nov 19, 2023 • 5 minute read Join the conversation Article content LA CROSSE, Wis. (AP) — Wildlife officials across the Great Lakes are looking for spies to take on an almost impossible mission: stop the spread of invasive carp. […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Aniruddha Ghosal And Chinedu Asadu Published Nov 19, 2023 • 5 minute read Join the conversation Article content Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to cut […]
Breadcrumb Trail Links PMN Business China needs to decisively ramp up fiscal spending so it can support an economy damaged by Western restrictions on trade, according to a Chinese scholar studying an unconventional school of economic thought. Author of the article: Bloomberg News Bloomberg News Published Nov 18, 2023 • 4 minute read Join the […]
Breadcrumb Trail Links PMN Business Israel said its ground offensive in the north of the Gaza Strip may be expanded to the south of the enclave, where many Palestinians have sought refuge after being urged to evacuate there by the Israeli military. Author of the article: Bloomberg News Bloomberg News Published Nov 18, 2023 • […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Tom Krisher Published Nov 18, 2023 • 4 minute read Join the conversation Article content DETROIT (AP) — The United Auto Workers union overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will […]
Article content (Bloomberg) — Chilean miner Antofagasta Plc and Chinese smelter Jinchuan Group agreed to copper-concentrate supply contracts for 2024 that set processing charges 9% lower than this year, as the supply of mined ore tightens and refining capacity expands. Smelter fees, known as treatment and refining charges, were set at $80 per ton and […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Zimo Zhong Published Nov 17, 2023 • 3 minute read Join the conversation Article content HONG KONG (AP) — Asian stocks were mostly lower Friday after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first […]
Article content (Bloomberg) — Sasol Ltd. picked energy operations and technology executive Simon Baloyi as the next chief executive officer of the fuel and chemical manufacturer, to help lead South Africa’s second-largest producer of greenhouse gases down a challenging path to reduce emissions. Baloyi will take over in April, while CEO Fleetwood Grobler, who has […]