Category: PMN Business

Dec 2

Deutsche Bank Sticks Out Among Financiers of Peabody’s Coal Loan

Breadcrumb Trail Links PMN Business When Peabody Energy Corp. agreed to buy the coal assets of Anglo American Plc, only one European lender joined the US investment bankers and private credit specialists financing the deal: Deutsche Bank AG. Author of the article: Bloomberg News Natasha White Published Dec 02, 2024  •  4 minute read q98(wk50two8ij7{[toq}w}p_media_dl_1.png […]
Dec 1

Canadian Border Minister Says New Measures Are Imminent After Trump Meeting

Article content (Bloomberg) — Prime Minister Justin Trudeau’s government will step up border enforcement in a “visible and muscular way,” according to a top Canadian official, as the nation tries to avoid tariffs from Donald Trump’s new administration. Article content At a dinner meeting at Trump’s Mar-a-Lago resort on Friday, “we got a mutual understanding […]
Dec 1

EV Maker Lion Wins Temporary Creditor Relief, Halts US Factory

Article content (Bloomberg) — Electric bus manufacturer Lion Electric Co. is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders. Article content The Saint-Jerome, Quebec-based company made the announcement after a Saturday deadline to meet its obligations to key creditors […]
Nov 30

Bond Vigilantes Upend France’s Debt Market: Credit Weekly

Breadcrumb Trail Links PMN Business Some of the biggest companies in France now have lower borrowing costs than the sovereign as credit traders fret about fiscal plans that risk toppling the government. Author of the article: Bloomberg News Tasos Vossos Published Nov 30, 2024  •  4 minute read hrgvidm5u9}zp2d(og9t]]57_media_dl_1.png Bloomberg Article content (Bloomberg) — Some […]
Nov 30

Trudeau Pledged Action on Border After Tariff Threat, Trump Says

Article content (Bloomberg) — Donald Trump said Canadian Prime Minister Justin Trudeau committed to working to address the border and fentanyl smuggling, key issues that have led the incoming US president to threaten massive tariffs. Article content Trump, in a Truth Social post on Saturday, called their dinner Friday night at his Mar-a-Lago residence in […]
Nov 30

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Fatima Hussein Published Nov 30, 2024  •  Last updated 11 minutes ago  •  2 minute read FILE – President-elect Donald Trump speaks during a meeting with the House GOP conference, Nov. 13, 2024, in Washington. Photo by Allison Robbert /THE ASSOCIATED PRESS Article […]
Nov 29

Mexico Kicks Off Operation to End Flow of Illegal Chinese Items

Article content (Bloomberg) — Mexico is planning to carry out a “cleaning” operation across the country to combat the flow of illegal merchandise entering the country mainly from China, according to the Economy Ministry.  Article content The ministry will lead searches across all 32 Mexican states, including ports and airports, Economy Minister Marcelo Ebrard said […]