Category: PMN Business

May 30

Singaporean fund GIC takes minority stake in German gas specialist Messer

Article content FRANKFURT — German industrial gases company Messer said on Tuesday that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer take full control of its Messer Industries joint venture, financing the acquisition of shares from […]
May 30

US agency says 8.3 mln homes, businesses lack access to high-speed broadband

Article content WASHINGTON — More than 8.3 million U.S. homes and businesses lack access to high-speed broadband internet, the Federal Communications Commission said Tuesday in unveiling its revised national broadband access map. The FCC said it has increased its estimates of homes and businesses without access by nearly 330,000 locations. The data is crucial for […]
May 30

Possible Putin trip in spotlight as Russia, China foreign ministers set for meeting in South Africa

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Mogomotsi Magome And Gerald Imray Published May 30, 2023  •  4 minute read Join the conversation Article content JOHANNESBURG (AP) — The Russian and Chinese foreign ministers are expected to meet with their counterparts from the BRICS economic bloc in Cape Town on […]
May 29

Funds avoid transition to bear territory in CBOT soybeans -Braun

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Karen Braun Published May 29, 2023  •  2 minute read Join the conversation Article content NAPERVILLE — Speculators nearly abandoned bullish bets in Chicago soybeans last week as global supplies are seen sufficiently building over the next year, but a short-covering bounce mid-week […]
May 29

Poland’s president approves law on Russia’s influence that could target opposition

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Monika Scislowska Published May 29, 2023  •  4 minute read Join the conversation Article content WARSAW, Poland (AP) — Polish President Andrzej Duda said Monday he would sign a bill that creates a powerful commission, ostensibly meant to investigate Russian influence in Poland […]
May 28

Fed’s Goolsbee says U.S. debt ceiling deal avoids ‘extremely negative’ consequences

Article content Chicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be “extremely negative” for the financial system and broader economy. Interviewed on CBS’s “Face the Nation,” he declined to say whether he would support an interest-rate […]
May 28

McCarthy Confident of ‘Transformational’ Debt Deal’s Approval

Breadcrumb Trail Links PMN Business House Speaker Kevin McCarthy expressed confidence Sunday that Congress would pass the debt-limit deal he negotiated with President Joe Biden, calling it a “transformational” move to rein in spending that a majority of Republicans would support. Author of the article: Bloomberg News Gregory Korte and Alicia Diaz Published May 28, […]