Article content LONDON — Euro zone bond yields climbed on Tuesday as investor focus returned to inflation and European Central Bank rate hikes. Investors are still analyzing the potential impact of the announcement from the OPEC+ group of oil-producing countries that it would further slash oil production, which caused oil prices to spike on Monday. […]
Article content LONDON — Copper edged higher on Tuesday as investors bet that demand will rise and the U.S. dollar weakened, making metals priced in the greenback cheaper for buyers with other currencies. The benchmark London Metal Exchange (LME) contract for the metal used in electrical wiring was up 0.4% at $8,950 a tonne at […]
Breadcrumb Trail Links PMN Business Silicon Valley Bank’s blunders were encouraged by US regulation, went untested by the Federal Reserve and were “hiding in plain sight” until Wall Street and depositors grew alarmed. Author of the article: Bloomberg News Hannah Levitt Published Apr 04, 2023 • 3 minute read Join the conversation Jamie Dimon Photo […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Nia Williams Published Apr 03, 2023 • 2 minute read Join the conversation Article content As Canada’s main oil-producing province Alberta prepares for an election next month, its combative Premier Danielle Smith is facing a series of controversies and resignations that could undermine support for […]
Article content LONDON — Standard Chartered has redeemed a $1 billion so-called additional tier one (AT1) bond in a move announced before holders of similar securities were wiped out in last month’s rescue of Credit Suisse. The Asia and Africa-focused bank exercised its option to redeem the securities on April 2, it said in a […]
Article content (Bloomberg) — Iraq’s semi-autonomous Kurdistan region said it has reached an agreement with the federal government to resume oil exports through Turkey this week, after a legal spat pushed up crude prices. Article content “Following several meetings between the Kurdistan Regional Government & Federal Government, an initial agreement has been reached to resume […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Laurie Chen and Kiyoshi Takenaka and Sakura Murakami Published Apr 02, 2023 • Last updated 44 minutes ago • 2 minute read Join the conversation Article content BEIJING/TOKYO — Japanese Foreign Minister Yoshimasa Hayashi, meeting his Chinese counterpart on Sunday, urged Beijing to promptly release a […]
Breadcrumb Trail Links PMN Business Bulgarians are voting in their fifth election in two years, seeking to end turmoil that has paralyzed the political system and put at risk European Union unity over Russia’s invasion of Ukraine. Author of the article: Bloomberg News Slav Okov Published Apr 02, 2023 • Last updated 1 hour ago • […]
Breadcrumb Trail Links PMN Business OPEC+ is still finding that the best response to growing oil market uncertainty is to hold its ground. Author of the article: Bloomberg News Grant Smith Published Apr 02, 2023 • Last updated 1 hour ago • 3 minute read Join the conversation 9e}nwdvjp[einyw7m{2w6dr6_media_dl_1.png Source: Bloomberg Article content (Bloomberg) — OPEC+ […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press John Leicester Published Apr 01, 2023 • Last updated 7 hours ago • 3 minute read Join the conversation Article content PARIS (AP) — The wheels may be about to come off Paris’ ubiquitous for-hire electric scooters. Zipping around the City of Light on […]