Article content MOSCOW — The Kremlin on Friday said it was important to identify an object discovered next to one of the Nord Stream pipelines, and said the ongoing investigation into blasts that struck the pipelines last September must be conducted with full transparency. Kremlin spokesman Dmitry Peskov also told reporters it was a positive […]
Article content (Bloomberg) — Higher than expected retail sales this morning indicates the consumer still has some extra flexibility in their wallets, despite rapidly rising prices. That ties up with Wetherspoon’s better than expected first half earnings, showing some of the pub chain’s supply difficulties are starting to ease. On both counts the prospect of […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Will Weissert And Zeke Miller Published Mar 23, 2023 • 6 minute read Join the conversation Article content WASHINGTON (AP) — Joe Biden likes to say he’s the most pro-union president in U.S. history. When he announces his expected reelection campaign in the […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Scott Murdoch and Makiko Yamazaki Published Mar 23, 2023 • 2 minute read Join the conversation Article content SYDNEY/TOKYO — Asian policymakers are scrambling to calm investor nerves about Additional Tier-1 (AT1) bonds after holdings of such Credit Suisse bonds were written down […]
Article content BEIJING (AP) — A Chinese real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets announced a long-awaited plan Thursday to restructure what it owes to foreign bondholders. The Evergrande Group, the global real estate industry’s most heavily indebted company, ran short of cash after Beijing […]
Article content The exporter-heavy FTSE 100 fell on Thursday, dragged down by a strengthening pound, while financial stocks were among the top decliners ahead of what will likely be the Bank of England’s eleventh straight interest rate hike later in the day. The FTSE 100 fell 0.7%, after recording its highest closing level in more […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Andrew Gray and Gabriela Baczynska Published Mar 23, 2023 • 3 minute read Join the conversation Article content BRUSSELS — European Union leaders will discuss the war in Ukraine with U.N. chief Antonio Guterres on Thursday, including food security and sanctions, and also endorse a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Sruthi Shankar Published Mar 22, 2023 • 2 minute read Join the conversation Article content European stocks struggled for momentum on Wednesday after a tentative recovery in the past two sessions, with investors looking ahead to a crucial monetary policy decision from the Federal Reserve […]
Article content London’s exporter-heavy FTSE 100 fell on Wednesday, with real estate stocks leading the retreat, as hotter-than-expected UK inflation data raised fears of more interest rate hikes and boosted the pound. The blue-chip FTSE 100 index fell 0.2% after a near 2% bounce on Tuesday, with investors also waiting for the U.S. Federal Reserve’s […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Derek Gatopoulos And Srdjan Nedeljkovic Published Mar 22, 2023 • 2 minute read Join the conversation Article content ATHENS, Greece (AP) — Train services in Greece resumed Wednesday for the first time since a deadly rail disaster three weeks ago, and just a […]