Breadcrumb Trail Links PMN Business The European Union offered closer political and investment ties to some 20 countries from across the Indo-Pacific region, as the bloc seeks more influence despite ever-growing Chinese and US ambitions. Author of the article: Bloomberg News Ania Nussbaum and Niclas Rolander Published May 13, 2023 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business The momentum has been building for years, but this week made it official: the epicenter of the gold mining industry now lies firmly in New York. Author of the article: Bloomberg News Thomas Biesheuvel Published May 13, 2023 • 3 minute read Join the conversation deq62(mtd9mft1bvbdc(0y30_media_dl_1.png Bloomberg RSS Article content […]
Article content SAO PAULO — Shares in Brazilian food giant JBS SA fell more than 10% in early trade on Friday after the company posted a wider-than-expected first quarter loss, marking the first time the firm has faced difficulties in all countries where it operates. In a conference call with analysts, Global CEO Gilberto Tomazoni […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Shreyashi Sanyal and Shristi Achar A Published May 12, 2023 • 2 minute read Join the conversation Article content Wall Street’s main indexes struggled to gain on Friday as U.S. consumer sentiment slumped to a six-month low, indicating the rapid interest rate hikes were starting […]
Article content LONDON — Bank of England Chief Economist Huw Pill said on Friday that the British central bank might have to do more to bring down inflation, a day after the BoE raised interest rates for a 12th meeting in a row. Pill said there was evidence of “a more favorable pattern in terms […]
Breadcrumb Trail Links PMN Business In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel holdings. Author of the article: Bloomberg News Saijel Kishan and Martin Z. Braun Published May 12, 2023 • 2 minute read Join […]
Article content An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be necessary if inflation stays stubbornly high, Minneapolis Federal Reserve President Neel Kashkari said on Thursday. There is some evidence high inflation “is coming down, but so far it’s been pretty darn persistent […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Naomi Rovnick Published May 11, 2023 • 3 minute read Join the conversation Article content LONDON — It’s the best performing currency this year in the G10 group of advanced economies against the dollar. But sterling’s strengthening streak is about to be put to the […]
Article content Canada’s main stock index fell on Thursday, weighed down by losses in commodity-linked sectors, even as fund manager CI Financial soared on a minority stake sale in its U.S. wealth management business. CI Financial Corp surged 44.2%, the biggest jump in 29 years, after the fund manager also beat quarterly revenue estimates. Article […]
Article content Peloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%. The voluntary recall piles on more pressure on Peloton as it works to tackle waning demand for its fitness equipment amid an uncertain economy. […]