Article content (Bloomberg) — A new boat the length of a football field, built to help operate US offshore wind farms, will be christened Saturday in New Orleans with Republican and Democratic lawmakers looking on — a show of bipartisan support for an industry that GOP presidential candidate Donald Trump frequently attacks. The 262-foot Eco Edison, bobbing in the muddy […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press John Hanna Published May 10, 2024 • Last updated 3 hours ago • 3 minute read Article content TOPEKA, Kan. (AP) — Proposed restrictions in Kansas on the foreign ownership of land died Friday when the state’s Democratic governor vetoed a bill that top […]
Breadcrumb Trail Links PMN Business President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said. Author of the article: Bloomberg News Josh Wingrove, […]
Article content (Bloomberg) — The PGA Tour said Joe Gorder was elected chairman of PGA TOUR Enterprises, its commercial venture that secured up to $3 billion of funding in January from a group of US investors. Gorder, who is executive chairman of Valero Energy Corp., will also sit on a newly formed “transaction subcommittee,” which […]
Breadcrumb Trail Links PMN Business Japan’s households cut spending again as sticky inflation weighed on sentiment and government subsidies capped costs for utilities, with policymakers looking for historic wage hikes to be a catalyst for a recovery in coming months. Author of the article: Bloomberg News Yoshiaki Nohara Published May 09, 2024 • 3 minute […]
Article content VANCOUVER — Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its “planned reinvestment” in Houston, B.C. The company says in separate news releases that the closures will impact 400 jobs, 180 at its […]
Article content (Bloomberg) — Oil edged higher after a mixed snapshot of US inventories that included an unexpected drop in nationwide crude holdings. Brent crude rose toward $84 a barrel after climbing by 0.5% in the previous session, with West Texas Intermediate above $79. Overall stockpiles of crude declined by 1.36 million barrels last week, […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Kanis Leung Published May 08, 2024 • 5 minute read FILE – Local residents sing a theme song written by protesters “Glory to Hong Kong” at a shopping mall in Hong Kong on Sept. 11, 2019. An appeals court Wednesday, May 8, 2024 […]
Article content (Bloomberg) — Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida. “Foreign exchange rates make a significant impact on the economy and inflation,” Ueda […]
Article content (Bloomberg) — Oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus. Brent dipped below $83 a barrel, after dropping to the lowest since March 13 on Tuesday, while West Texas Intermediate declined toward $78. Crude stockpiles at the […]