Article content TOKYO — Japan’s Nikkei settled lower on Monday, taking cues from Wall Street as investors braced for higher-for-longer U.S. interest rates after a slew of strong economic data. The index sank as much as 0.59% before regaining some ground to close 0.11% lower at 27,423.96. That kept it near the middle of its […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Clyde Russell Published Feb 27, 2023 • 3 minute read Join the conversation Article content NEW DELHI — Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s second-biggest […]
Article content TOKYO (AP) — Nissan is speeding up its shift toward electric vehicles, especially in Europe where emissions regulations are most stringent, the company said Monday. Nissan Motor Co. said in a statement that it will make practically all its offerings in Europe electric or series-hybrids by fiscal 2026, at 98%. That’s up from […]
Breadcrumb Trail Links PMN Business Article content KYIV — The United States warned China of serious consequences if it provided arms to support Russia’s invasion of Ukraine, as Kyiv’s top general visited the frontline town of Bakhmut where Ukrainian defenders were holding out against constant attacks. Air raid sirens blared in the capital Kyiv and […]
Article content Ukraine’s military said on Sunday that Russia conducted unsuccessful offensives near Yahidne over the past day, after Russia’s Wagner mercenary group claimed to have captured the village in eastern Ukraine near the focus on intense fighting. The General Staff of Ukraine’s Armed Forces said in a morning update that Russia keeps concentrating its […]
Article content BEIJING — Chinese ambassador to the European Union Fu Cong said European Commission President Ursula von der Leyen and European Council President Charles Michel may visit China in the first half of 2023, China’s state-backed Global Times reported. Preparations for the visit by the EU’s top two officials are under way and “very […]
Article content TOKYO — Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labor negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday, with backing from a major business lobby. For years wages have been slow to grow in Japan as cautious firms hoarded […]
Article content (Bloomberg) — Australia’s energy minister has ruled out a ban on new coal mines as part of the country’s overhaul of climate policy. Article content “That’s not part of our agenda,” Chris Bowen said when asked directly about the prospects for a ban on the ABC’s Insiders TV program on Sunday. “It won’t […]
Article content LONDON — Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday. Investment strategies which consider environmental, social and governance (ESG) risks, or […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lewis Krauskopf Published Feb 14, 2023 • 3 minute read Join the conversation Article content NEW YORK — A rally that has lifted stocks in the early weeks of 2023 may struggle to find its next leg higher as investors face more expensive valuations, a […]