Category: PMN Business

Feb 14

Argentina Annual Inflation Hits 99%, Surpassing Expectations

Article content (Bloomberg) — Argentina’s inflation sped up more than expected in January as price controls prove ineffective, further complicating the government’s strategy ahead of presidential elections later this year.   Article content Consumer prices rose 98.8% from a year earlier, more than the 98.6% median forecast from economists in a Bloomberg survey. Prices gained […]
Feb 13

US to Sell 26 Million More Barrels From Strategic Oil Reserve

Article content (Bloomberg) — The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June. Article content The non-emergency sale will amount to 26 million barrels of crude, according to people familiar with the matter, and is part the congressionally mandated sale lawmakers […]
Feb 13

Oil edges higher as market weighs Russian supply cuts amid demand fears

Breadcrumb Trail Links PMN Business Author of the article: Reuters Arathy Somasekhar Published Feb 13, 2023  •  2 minute read Join the conversation Article content HOUSTON — Oil prices edged higher on Monday, rebounding from early losses, as investors weighed Russia’s plans to cut crude production and short-term demand concerns ahead of U.S. inflation data […]
Feb 13

FIS takes $17.6 billion hit in merchant unit to be spun off

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Niket Nishant and Anirban Sen and Milana Vinn Published Feb 13, 2023  •  3 minute read Join the conversation Article content Banking and payments processing conglomerate Fidelity National Information Services Inc took a $17.6 billion write-down on its merchant business as it unveiled […]
Feb 13

Soymeal hits highest since 2014 on speculative buying, Argentina weather

Article content CHICAGO — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […]
Feb 12

Canada hunts for wreckage of latest object shot down by U.S. fighters

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Steve Scherer and Katharine Jackson Published Feb 12, 2023  •  3 minute read Join the conversation Article content OTTAWA/WASHINGTON — Canadian investigators are hunting for the wreckage of an unidentified flying object that was shot down by a U.S. jet over Yukon territory, […]
Feb 12

Canadian search teams hunt for wreckage amid UFO anxiety

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Steve Scherer and Katharine Jackson Published Feb 12, 2023  •  3 minute read Join the conversation Article content OTTAWA/WASHINGTON — Canadian investigators are hunting for the wreckage of the mysterious flying object shot down by a U.S. fighter jet over Yukon territory, Prime […]