Article content (Bloomberg) — PetroChina posted a record annual profit following a global spike in energy prices and rising output of oil and gas. Article content China’s largest oil producer reported net income of 149 billion yuan ($21.6 billion) for 2022, according to international financial reporting standards, up from 92 billion yuan a year earlier, […]
Article content LONDON — The British pound hit its highest level against the dollar in eight weeks on Wednesday as worries about the health of the global financial system continued to ease. The pound rose 0.1% against the dollar to $1.2359, its highest since Feb. 2. The euro rose 0.1% against sterling to 87.91 pence. […]
Article content MUMBAI — Palm oil’s rare premium over rival rapeseed oil and sunflower oil is likely to be short-lived and it should start trading at a discount once top producer Indonesia eases export curbs after Ramadan, industry participants told Reuters. The premium has slowed down palm oil purchases for April shipments by key importers […]
Article content TOKYO (AP) — Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to diversify supply chains and reduce reliance on China for strategically important resources. Article content The deal due to be signed later Tuesday is expected to help electric […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Sruthi Shankar and Francesco Canepa Published Mar 28, 2023 • 2 minute read Join the conversation Article content Immediate investor concerns over the banking sector eased on Tuesday, lifting stock prices, with the European Central Bank’s supervisory chief saying recent sector volatility underscored the need […]
Article content BEIJING — Chinese search engine Baidu on Monday shared pre-recorded videos of its AI-powered chatbot Ernie summarizing financial statements and producing powerpoint presentations, among other industry-focused capabilities. According to images shared by a Baidu spokesperson in a media-facing group on WeChat, China’s most widely used messaging service, the Chinese chatbot has a wider […]
Article content MOSCOW — Russia’s diesel and gasoil shipments to Brazil, Turkey and Africa were heading to new record highs in March as traders pushed into new markets following an EU ban on Russian oil products, according to traders and Refinitiv data. A full EU embargo on Russian oil products went into effect on Feb. […]
Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Nojoud Al Mallees Published Mar 26, 2023 • 4 minute read Join the conversation The Peace Tower is pictured on Parliament Hill in Ottawa on Tuesday, Jan. 31, 2023. The federal government is set to unveil its budget Tuesday, showcasing how it plans […]
Article content FRANKFURT — A top union boss in Germany justified a massive strike planned for Monday as a “matter of survival” for many thousands of people fighting for higher wages as inflation soars, according to an interview published in the Bild am Sonntag newspaper. The strike, Germany’s largest in decades, is expected to cause […]
Breadcrumb Trail Links PMN Business Saudi Aramco., the world’s biggest energy company, has signed agreements with Chinese partners to build a state-of-the-art refining complex in the northeast region of the Asian nation. Author of the article: Bloomberg News Bloomberg News Published Mar 26, 2023 • 2 minute read Join the conversation The logo of the […]