Article content TOKYO (AP) — Shares were mixed in Asia on Tuesday after U.S. markets were closed for the Memorial Day holiday. Oil prices and U.S. futures were higher. Chinese markets rose after senior leaders of the ruling Communist Party met and affirmed Beijing’s determination to contain financial risks. Hong Kong’s benchmark was buoyed by […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Scott Bauer Published May 28, 2024 • 3 minute read Article content MADISON, Wis. (AP) — A law that drew massive protests and made Wisconsin the center of a national fight over union rights is back in court on Tuesday, facing a new […]
Article content NEWARK, Ohio (AP) — Ohio’s historical society is one step away from gaining control of ancient ceremonial and burial earthworks maintained by a country club where members golf alongside the mounds. A trial was slated to begin Tuesday to determine how much the historical society must pay for the site, which is among […]
Article content (Bloomberg) — Tohoku Electric Power Co. shares surged the most since 2013, leading other Japanese utilities higher, on signs its Onagawa No. 2 nuclear reactor is on track for a restart around September. The stock jumped as much as 12% in Tokyo after the company said it completed the required safety construction work […]
Article content (Bloomberg) — The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Megan Janetsky Published May 27, 2024 • 4 minute read Article content MEXICO CITY (AP) — Concepcion Alejo is used to being invisible. Alejo, 43, touches her face up with makeup on a Tuesday morning, and steps out of her tiny apartment on […]
Article content (Bloomberg) — Australian investors are more engaged in activism than at any time in more than a decade as active campaigns surge and companies bow to pressure from agitating shareholders. This year is the biggest for activist campaign starts on record, according to data compiled by Bloomberg Intelligence that goes back to 2011. […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Elaine Kurtenbach Published May 26, 2024 • Last updated 7 minutes ago • 3 minute read Article content Asian shares were mostly higher on Monday after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week. U.S. […]
Article content (Bloomberg) — China’s rising electricity demand will keep pressure on the nation’s power sector, according to the world’s largest utility, despite installations of generation capacity hitting a fresh high this year. “Power supply and demand will be tight during local peak hours,” the research institute of State Grid Corp. of China — which […]
Breadcrumb Trail Links PMN Business The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published May 25, 2024 • 6 minute read 21i{x0mj9n]wv{l}fvphebn)_media_dl_1.png Bloomberg Economics based […]