Article content TOKYO — Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labor negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday, with backing from a major business lobby. For years wages have been slow to grow in Japan as cautious firms hoarded […]
Article content (Bloomberg) — Australia’s energy minister has ruled out a ban on new coal mines as part of the country’s overhaul of climate policy. Article content “That’s not part of our agenda,” Chris Bowen said when asked directly about the prospects for a ban on the ABC’s Insiders TV program on Sunday. “It won’t […]
Article content LONDON — Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday. Investment strategies which consider environmental, social and governance (ESG) risks, or […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lewis Krauskopf Published Feb 14, 2023 • 3 minute read Join the conversation Article content NEW YORK — A rally that has lifted stocks in the early weeks of 2023 may struggle to find its next leg higher as investors face more expensive valuations, a […]
Breadcrumb Trail Links PMN Business Article content U.S. natural gas futures jumped about 7% to a one-week high on Tuesday from a near 25-month low in the prior session as the amount of gas going to liquefied natural gas (LNG) export plants jumped to Financial Post Top Stories Sign up to receive the daily top […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Matt Tracy Published Feb 14, 2023 • 3 minute read Join the conversation Article content U.S. Treasury yields rose on Tuesday after the release of the latest consumer price index data, reflecting market expectations Financial Post Top Stories Sign up to receive the daily top […]
Article content (Bloomberg) — Argentina’s inflation sped up more than expected in January as price controls prove ineffective, further complicating the government’s strategy ahead of presidential elections later this year. Article content Consumer prices rose 98.8% from a year earlier, more than the 98.6% median forecast from economists in a Bloomberg survey. Prices gained […]
Article content (Bloomberg) — The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June. Article content The non-emergency sale will amount to 26 million barrels of crude, according to people familiar with the matter, and is part the congressionally mandated sale lawmakers […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Arathy Somasekhar Published Feb 13, 2023 • 2 minute read Join the conversation Article content HOUSTON — Oil prices edged higher on Monday, rebounding from early losses, as investors weighed Russia’s plans to cut crude production and short-term demand concerns ahead of U.S. inflation data […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Niket Nishant and Anirban Sen and Milana Vinn Published Feb 13, 2023 • 3 minute read Join the conversation Article content Banking and payments processing conglomerate Fidelity National Information Services Inc took a $17.6 billion write-down on its merchant business as it unveiled […]