Article content ATHENS, Greece (AP) — Greece won new certification of its financial health Friday, as Standard & Poor’s became the first of the three major international ratings agencies to upgrade the formerly struggling country’s credit rating to investment grade. The one-notch upgrade, from BB+ to BBB-, is expected to significantly boost market confidence in […]
Breadcrumb Trail Links PMN Business Oscar-winning actress Nicole Kidman, futurist Amy Webb and Tesla Inc. Chair Robyn Denholm were among the big drawcards at this week’s inaugural South by Southwest Sydney, the first time the sprawling tech, music and film festival has been held outside North America. Author of the article: Bloomberg News Keira Wright […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jesse Bedayn And Matthew Brown Published Oct 20, 2023 • 5 minute read Join the conversation Article content COLORADO SPRINGS, Colo. (AP) — A Colorado funeral home where 189 decaying bodies were discovered this month appears to have fabricated cremation records and may […]
Article content (Bloomberg) — Oil advanced as geopolitical tensions ratcheted higher in the Middle East, with prices poised for a second straight weekly gain. Global benchmark Brent rose above $93 a barrel, while West Texas Intermediate neared $91. The US is seeing stepped-up drone attacks in Iraq and Syria, the Pentagon said, while an American […]
Article content (Bloomberg) — Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains — the world’s largest and longest robots — to transport iron ore across the vast Outback. Converting its 2.5-kilometer (1.6-mile) long trains to electric would help trim the producer’s use of diesel, a […]
Breadcrumb Trail Links PMN Business India is rejecting pressure from Russian oil suppliers to pay for crude imports in the Chinese currency as tensions between New Delhi and Beijing continue to simmer. Author of the article: Bloomberg News Anup Roy, Sudhi Ranjan Sen and Rakesh Sharma Published Oct 19, 2023 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business Delegates from developing nations are leaving meetings in China this week with grand promises of aid for green energy projects, though there are few concrete projects so far. Author of the article: Bloomberg News Bloomberg News Published Oct 19, 2023 • 3 minute read Join the conversation Xi Jinping during […]
Article content (Bloomberg) — The rollback of American sanctions on Venezuelan oil could rob Chinese buyers of one of their cheapest sources of crude. Venezuela’s Merey crude is currently being delivered to China at a discount of as much as $20 a barrel compared to Brent, according to traders. That’s cheaper than sanctioned Iranian oil, […]
Breadcrumb Trail Links PMN Business Asia is emerging as the key catalyst for growth in carbon trading, though the region’s markets currently cover only a fraction of emissions that account for half the world’s total. Author of the article: Bloomberg News Heesu Lee Published Oct 19, 2023 • Last updated 30 minutes ago • 4 minute […]
Article content (Bloomberg) — Russia doesn’t currently have plans to ease remaining restrictions on diesel exports, according to Deputy Prime Minister Alexander Novak, indicating that there won’t be additional relief for the tight fuel market. “There are no decisions yet,” Novak told Bloomberg News in Beijing. “But if there are any problems, they will be […]