Article content (Bloomberg) — Turkish inflation probably exceeded 60% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes. The pace of annual price gains accelerated to near 62% last month from almost 59% in August, according to the median forecast in a Bloomberg poll […]
Article content (Bloomberg) — Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $88 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders […]
Article content (Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, […]
Article content TOKYO (AP) — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Article content Sentiment among major non-manufacturers […]
Article content (Bloomberg) — PT Barito Renewables Energy, owned by Indonesian billionaire Prajogo Pangestu, is poised to raise 3.13 trillion rupiah ($203 million) through an initial public offering in Jakarta, according to a statement published on Monday. The company, which has Pangestu’s energy firm PT Barito Pacific as its main shareholder, priced the shares at […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Victoria Milko And Dita Alangkara Published Oct 01, 2023 • 5 minute read Join the conversation Article content SOROWAKO, Indonesia (AP) — Red hot sparks fly through the air as a worker in a heat-resistant suit pokes a long metal rod into a […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Amy Taxin Published Oct 01, 2023 • 5 minute read Join the conversation Article content NEW CUYAMA, Calif. (AP) — In the hills of a dry, remote patch of California farm country, Lee Harrington carefully monitors the drips moistening his pistachio trees to […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Niniek Karmini Published Sep 30, 2023 • 3 minute read Join the conversation Article content JAKARTA, Indonesia (AP) — Indonesia is launching Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative that will cut travel time between […]
Article content DES MOINES, Iowa (AP) — The numbers were drawn Saturday night for an estimated $960 million Powerball jackpot and players across the country are waiting to see if there’s a big winner. The winning numbers announced were: 19, 30, 37, 44, 46 and red Powerball 22. Article content Lottery official usually take several […]
Article content (Bloomberg) — The slump in South Korean exports eased further in September in a positive sign for an economy that depends heavily on trade. Shipments adjusted for working-day differences decreased 2.1% from a year earlier, the customs office said Sunday. Headline exports fell 4.4% in September, compared with a 8.3% drop in the […]