Breadcrumb Trail Links PMN Business Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 30, 2023 • Last updated 2 minutes ago • 6 minute read Join […]
Breadcrumb Trail Links PMN Business As the US and its allies fret over Canada’s allegation that India orchestrated the murder of a Sikh separatist leader, the scandal is providing a political boost to Prime Minister Narendra Modi. Author of the article: Bloomberg News Swati Gupta and Sudhi Ranjan Sen Published Sep 29, 2023 • 3 […]
Article content (Bloomberg) — Oil edged higher after dropping the most in eight weeks on technical resistance and speculation Saudi Arabia will start restoring output if prices get too high. West Texas Intermediate was relatively subdued after a rollercoaster session on Thursday, when it rose above $95 a barrel before closing down 2.1%. Futures are […]
Article content CANBERRA, Australia (AP) — The Australian army will never again fly its fleet of MRH-90 Taipan helicopters following a crash in July that killed four soldiers, the defense minister said Friday. Australia’s fleet of more than 40 European-designed Taipans has been grounded since July 28 when one crashed into the Pacific Ocean during […]
Article content (Bloomberg) — US Secretary of State Antony Blinken met with his Indian counterpart Thursday as tensions between two of Washington’s key allies, Canada and India, grow over the killing of a Sikh leader. The official readout of the meeting between Blinken and Indian External Affairs Minister Subrahmanyam Jaishankar in Washington didn’t reference the […]
Article content JAKARTA, Indonesia (AP) — Chinese-owned app TikTok on Thursday said it regretted the Indonesian government’s decision to ban e-commerce transactions on social media platforms, particularly the impact it would have on the millions of sellers who use TikTok Shop. But TikTok Indonesia said in a statement they will respect the regulations and laws […]
Breadcrumb Trail Links PMN Business Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist leader in British Columbia. Now, the diplomatic standoff threatens to spill over into their economies. Author of the article: Bloomberg News Shruti Srivastava Published Sep 26, 2023 • 3 minute […]
Article content (Bloomberg) — Australia’s monthly inflation gauge accelerated in August, reflecting global trends as oil prices jumped, bolstering the case for the Reserve Bank to raise interest rates at least one more time. The consumer price indicator rose 5.2% from a year ago, matching estimates, Australian Bureau of Statistics data showed Wednesday. The result […]
Article content (Bloomberg) — Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates. West Texas Intermediate advanced to near $91 a barrel after ending 0.8% higher on Tuesday. The premium for near-term US barrels is near the highest in more […]
Article content (Bloomberg) — Waratah Capital Advisors’ largest hedge fund dropped 1.5% last month, wiping out most of its gains this year. The Waratah Performance fund advanced just 0.4% through August, according to an investor letter seen by Bloomberg, trailing the 12.8% return for a benchmark that includes the S&P 500 and Canada’s TSX Composite […]