Article content LONDON — The Nigeria Sovereign Investment Authority (NSIA) expects to receive $100 million to $200 million this year from the government and the removal of fuel subsidies would boost the amount of cash available, its chief investment officer told a panel in London on Wednesday. Newly inaugurated President Bola Tinubu pledged to remove […]
Article content FRANKFURT — German industrial gases company Messer said on Tuesday that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer take full control of its Messer Industries joint venture, financing the acquisition of shares from […]
Article content WASHINGTON — More than 8.3 million U.S. homes and businesses lack access to high-speed broadband internet, the Federal Communications Commission said Tuesday in unveiling its revised national broadband access map. The FCC said it has increased its estimates of homes and businesses without access by nearly 330,000 locations. The data is crucial for […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Karen Braun Published May 29, 2023 • 2 minute read Join the conversation Article content NAPERVILLE — Speculators nearly abandoned bullish bets in Chicago soybeans last week as global supplies are seen sufficiently building over the next year, but a short-covering bounce mid-week […]
Article content Chicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be “extremely negative” for the financial system and broader economy. Interviewed on CBS’s “Face the Nation,” he declined to say whether he would support an interest-rate […]
Article content SYDNEY — Pacific island leaders will meet South Korea’s President Yoon Suk Yeol in Seoul on Monday, their third summit in a week with a large economy as the region seeks stronger action on climate change as it becomes a focus of geopolitical power attention. The Pacific islands span 40 million square kilometers […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Sarita Chaganti Singh Published May 26, 2023 • 2 minute read Join the conversation Article content NEW DELHI — India plans to push back against “agenda-driven,” “neo-colonial” country rankings produced by global agencies on topics like governance and press freedom, a key advisor to Indian […]
Article content Ford CEO Jim Farley said Tesla’s Superchargers may become the standard for EV charging in the U.S., a day after the Michigan-based company struck a deal allowing Ford owners to gain access to the rival charging stations in North America. “I think there’s a chance you know,” Farley said on Friday in response […]
Article content WASHINGTON — Two key U.S. senators said on Thursday they want the Commerce Department to prioritize national and economic decisions in awarding $39 billion in semiconductor manufacturing subsidies rather than using the funds to aid ailing companies. Senate Intelligence Committee chair Mark Warner and Republican Senator John Cornyn said in a letter the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Chuck Mikolajczak Published May 25, 2023 • 2 minute read Join the conversation Article content NEW YORK — The dollar rose for a fourth straight session on Thursday against a basket of major peers to hit a fresh two-month high, as U.S. economic data signaled […]