Article content LONDON — Pan-European stock exchange Euronext will shift clearing of derivatives trading to its new clearing arm in Italy by the third quarter of next year, it said on Monday, to compete directly with London Stock Exchange Group and Cboe. Euronext currently clears its derivatives transactions at LCH SA, owned by London Stock […]
Article content Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions in China raised hopes of a demand recovery in the world’s top crude importer. Brent crude fell $1.04, or 1.2%, to $84.24 a barrel by 1751 GMT. Article content U.S. West Texas Intermediate crude was down […]
Breadcrumb Trail Links PMN Business The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Author of the article: Bloomberg News Philip Aldrick Published Jan 16, 2023 • 3 minute read Join the conversation The logo the World Economic Forum (WEF) inside the […]
Breadcrumb Trail Links PMN Business President Joe Biden delivered a sermon on Sunday at Martin Luther King Jr.’s historic Ebenezer Baptist Church in Atlanta, testing out themes he’ll need to drive turnout of Black voters in his expected 2024 re-election campaign. Author of the article: Bloomberg News Akayla Gardner and Margaret Newkirk Published Jan 15, […]
Article content DAVOS — Climate activists protested in Davos on Sunday against the role of big oil firms at this week’s World Economic Forum (WEF), saying they were hijacking the climate debate. Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering for the annual meeting in the Swiss […]
Breadcrumb Trail Links PMN Business The China reopening story has emerged as global investors’ top hedge against a US recession, but caution is growing that its exact impact could vary across asset classes. Author of the article: Bloomberg News Karl Lester M. Yap Published Jan 15, 2023 • 4 minute read Join the conversation czjvtejr)lzuryvmpko4xy}s_media_dl_1.png […]
Breadcrumb Trail Links PMN Business Article content WASHINGTON — House of Representatives Speaker Kevin McCarthy said on Sunday he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with President Joe Biden. Republicans now in control of the House have threatened to use […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Published Jan 14, 2023 • 3 minute read Join the conversation Article content TUNIS, Tunisia (AP) — Thousands of protesters angry at Tunisia’s economic crisis and the president’s increasingly authoritarian drift marched on Saturday through the capital, responding to a call from opposition […]
Breadcrumb Trail Links PMN Business Article content DUBAI/LONDON — Iran has executed a British-Iranian national who once served as its deputy defense minister, its judiciary said, defying calls from London and Washington for his release after he was handed the death sentence on charges of spying for Britain. Britain, which had declared the case against […]
Article content Chancellor Olaf Scholz said Germany needs to increase its pace of expanding renewable power to reach its goal of becoming climate-neutral by 2045, even as Europe’s largest economy withstands the initial impact of Russia’s energy squeeze. Article content “We are getting through this winter” without a gas shortage, Scholz said Saturday at the […]