Category: PMN Business

Oct 20

Greek economy wins new vote of confidence with credit rating upgrade and hopes for investment boost

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 […]
Oct 20

After 189 bodies were found in Colorado funeral home, evidence suggests families received fake ashes

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 […]
Oct 20

Challenge for World’s Biggest Robot Trains Is Going Electric

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 […]
Oct 19

As Sanctions Lift on Venezuelan Oil, China’s Refiners Will Face Stiffer Competition

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, […]
Oct 19

Russia Has No Plans Yet to Further Ease Diesel Export Rules

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 […]