Article content Britain’s FTSE 100 closed in the red for first time in 2023 on Tuesday with consumer stocks among top losers on jitters about the extent to which further U.S. interest rate hikes will slow the world’s largest economy. The blue-chip FTSE 100 retreated from 3-1/2 year highs and ended 0.4% lower. The domestically […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Eric Onstad Published Jan 10, 2023 • 2 minute read Join the conversation Article content LONDON, Jan 10 (Reuters) – Copper prices extended their gains on Tuesday, touching the highest in 6-1/2 months as investors bet the reopening of China combined with fresh […]
Article content PARIS — French citizens will have to work two years longer before they can retire, part of a deeply unpopular plan to overhaul the country’s costly pension system that will test President Emmanuel Macron’s ability to deliver change in his second term. Here’s what’s in the pension reform plan: Article content WHAT’S IN […]
Breadcrumb Trail Links PMN Business Emmanuel Macron’s government presented a plan to gradually raise France’s minimum retirement age to 64 by 2030 from 62, defying labor unions that have pledged to resist the change with strikes and protests. Author of the article: Bloomberg News Ania Nussbaum and William Horobin Published Jan 10, 2023 • 3 […]
Article content European shares fell on Tuesday for the first time in three sessions in a broad-based retreat, with some declines being offset after commentary from U.S. Federal Reserve Chair Jerome Powell and gains in shares of German drugmaker Bayer. The pan-European STOXX 600 closed 0.6% lower, after hitting its highest level in eight months […]
Article content TORONTO — Energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues, Deloitte said. Article content Global factors including the war in Ukraine and China’s rocky COVID reopening will continue to contribute to tension between supply and demand, according to the firm’s energy, oil and gas price […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ismail Shakil and Steve Scherer Published Jan 09, 2023 • 2 minute read Join the conversation Article content OTTAWA — Canada finalized a deal to buy 88 F-35 fighter jets from U.S. defense company Lockheed Martin Corp on Monday in a C$19 billion ($14.2 billion) […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Amruta Khandekar and Ankika Biswas Published Jan 09, 2023 • 2 minute read Join the conversation Article content The Nasdaq rose more than 2% on Monday with Big Tech and growth stocks spearheading gains as recent signs of a cooling labor market supported […]
Article content RIYADH — Saudi Arabia will remove COVID-19 restrictions for the 2023 haj season and host pre-pandemic numbers of pilgrims, the kingdom’s ministry of haj and umrah said on Monday. In 2019, the last year before the pandemic struck, some 2.6 million people performed the haj. The kingdom allowed only limited numbers from its […]
Breadcrumb Trail Links PMN Business Ease into the new week. Author of the article: Bloomberg News Shiyin Chen Published Jan 08, 2023 • 2 minute read Join the conversation Migrants wait at the US and Mexico border wall in El Paso, Texas, on Dec. 22, 2022. Photographer: Eric Thayer/Bloomberg Photo by Eric Thayer /Bloomberg Article […]