Article content BEIJING — The foundation of China’s economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems. Some countries have to play a balancing act as they try to stabilize their economies, prices and financial markets, said Han Wenxiu, deputy head […]
Breadcrumb Trail Links PMN Business Prime Minister Justin Trudeau scored a political win during US President Joe Biden’s visit to Canada, resolving a long-running dispute over migrants crossing the border without having to make significant concessions. Author of the article: Bloomberg News Brian Platt and Mathieu Dion Published Mar 25, 2023 • 2 minute read […]
Article content MILAN — Italy’s Treasury is set to hand veteran banker Luigi Lovaglio a new mandate as chief executive of state-owned lender Monte dei Paschi di Siena , two people with knowledge of the matter said. Lovaglio, who built his career at UniCredit where he eventually rose to lead the group’s former Polish unit […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Mogomotsi Magome Published Mar 25, 2023 • 4 minute read Join the conversation Article content JOHANNESBURG (AP) — From Zimbabwe, where many must work at night because it’s the only time there is power, to Nigeria where collapses of the grid are frequent, […]
Article content U.S. stock index futures struggled for direction on Friday as investors remained jittery over the health of the banking sector while they weighed the odds of the Federal Reserve pausing its interest rate hikes soon. Wall Street’s main indexes ended higher in the previous session following Treasury Secretary Janet Yellen’s reassurances that measures […]
Breadcrumb Trail Links PMN Business Farizon Auto, Zhejiang Geely Holding Group Co.’s new energy commercial vehicle brand, is considering raising as much as $300 million in fresh funds ahead of potential US initial public offering, according to people familiar with the matter. Author of the article: Bloomberg News Dong Cao Published Mar 24, 2023 • […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Carlogiovanni Boffa Published Mar 24, 2023 • 2 minute read Join the conversation Article content Italian rice output is set to fall in 2023 as farmers facing a second year of drought reduce the land dedicated to the crop to the lowest for more than […]
Article content MOSCOW — The Kremlin on Friday said it was important to identify an object discovered next to one of the Nord Stream pipelines, and said the ongoing investigation into blasts that struck the pipelines last September must be conducted with full transparency. Kremlin spokesman Dmitry Peskov also told reporters it was a positive […]
Article content (Bloomberg) — Higher than expected retail sales this morning indicates the consumer still has some extra flexibility in their wallets, despite rapidly rising prices. That ties up with Wetherspoon’s better than expected first half earnings, showing some of the pub chain’s supply difficulties are starting to ease. On both counts the prospect of […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Will Weissert And Zeke Miller Published Mar 23, 2023 • 6 minute read Join the conversation Article content WASHINGTON (AP) — Joe Biden likes to say he’s the most pro-union president in U.S. history. When he announces his expected reelection campaign in the […]