Category: PMN Business

Nov 3

Biden will host Americas summit that focuses on supply chains, migration and new investment

Article content WASHINGTON (AP) — President Joe Biden is gathering leaders from countries across the Americas on Friday in the U.S. capital to discuss the tightening of supply chains and addressing migration issues. In a preview of the first Americas Partnership for Economic Prosperity Leaders’ Summit, White House National Security Council spokesman John Kirby told […]
Nov 3

Anthony Albanese soon will be the first Australian prime minister in 7 years to visit China

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Rod Mcguirk Published Nov 03, 2023  •  4 minute read Join the conversation FILE – Australian Prime Minister Anthony Albanese briefs the media during a joint news conference with German Chancellor Olaf Scholz after a meeting at the chancellery in Berlin, Germany, on […]
Nov 2

War May Give Egypt Yet Another Reason to Hold Rates: Day Guide

Article content (Bloomberg) — Egypt looks poised to hold interest rates again Thursday as the latest Middle Eastern conflict on its borders gives the economically troubled country a further reason to tread carefully. The North African nation was already expected to save its next bout of monetary tightening until it enacts another much-anticipated currency devaluation […]
Nov 2

Europe’s Great Housing Crisis Is Only Getting Started

Breadcrumb Trail Links PMN Business A collapse in home building threatens to intensify shortages for years to come Author of the article: Bloomberg News Laura Malsch and Niclas Rolander Published Nov 02, 2023  •  6 minute read Join the conversation wyfy(tf(a5g61r{j}k4n6]7t_media_dl_1.png Sources: Ifo, German Federal Sta Article content (Bloomberg) — In a leafy neighborhood in […]
Nov 2

Origin Fight Shows Emerging Force of Australia’s Mega-Pensions

Article content (Bloomberg) — AustralianSuper Pty’s latest rejection of the A$19.4 billion ($12.5 billion) bid for Origin Energy Ltd. signals more than a snub from the firm’s largest shareholder. It’s a clear display of the increasing clout of Australia’s giant pension funds. While it’s too early to brand the A$3.5 trillion superannuation industry as activists, […]
Nov 1

Indonesia Excludes Off-Grid Coal From $21.5 Billion Climate Deal

Article content (Bloomberg) — Indonesia will confine its spending plans for its historic $21.5 billion climate aid package to on-grid power, punting on the issues presented by the growing fleet of coal-fired plants that service industrial sites in remote areas.  In a revised Comprehensive Investment Policy Plan reviewed by Bloomberg, the country also added a […]
Nov 1

In Major Protectionist Move, Spain Considers Stake in Telefonica

Breadcrumb Trail Links PMN Business Spain is considering whether to shield its “most strategic” company from foreign takeovers in what could be the the government’s most significant protectionist move in more than a decade. Author of the article: Bloomberg News Rodrigo Orihuela Published Nov 01, 2023  •  3 minute read Join the conversation Jose Maria […]