Breadcrumb Trail Links PMN Business Author of the article: Reuters John Kemp Published May 24, 2023 • Last updated 0 minutes ago • 3 minute read Join the conversation Article content LONDON — Saudi Arabia’s energy minister has warned speculators to “watch out” – an implied threat to cut production again to drive prices higher when […]
Article content BUENOS AIRES — Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank source said on Wednesday, as the South American country battles tumbling foreign reserves that threaten its ability to meet payments. The country has free access to some $5 billion as part of […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Howard Schneider Published May 23, 2023 • 4 minute read Join the conversation Article content WASHINGTON — A tight U.S. job market and rising wages are beginning to have more of an impact on inflation and could embed faster rising prices if the demand for […]
Article content BEIJING — Safeguarding the Dutch economy and cyberspace is a key priority for the Netherlands, Deputy Prime Minister and Foreign Minister Wopke Hoekstra said in China on Tuesday as Western governments adopt an increasingly defensive stance towards Beijing. Hoekstra was the first Dutch minister to visit China since the world’s second-largest economy reopened […]
Article content LONDON — Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires at its investment bank in New York. The bank also said it had appointed Ronnie Wexler as global head of equities […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Chris Prentice and Alun John Published May 23, 2023 • 3 minute read Join the conversation Article content Global equities slid on Tuesday as talks over the U.S. debt ceiling continued without resolution, and yields on one-month U.S. Treasury bills hit a record high. Rising […]
Article content WASHINGTON — The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting monetary policy “created more problems than it solved” as inflation surged and policymakers responded more slowly than they otherwise might have, economists including a former Fed vice chair said in research critical of that change. “Many elements […]
Article content WASHINGTON — President Joe Biden on Monday will announce he plans to nominate attorney Anna Gomez for a key fifth seat on the U.S. Federal Communications Commission (FCC), after Democrats had been stymied since 2021 from getting a majority on the five-member telecommunications regulator, sources told Reuters. Gomez, a Democratic telecommunications attorney, currently […]
Breadcrumb Trail Links PMN Business Article content (Adds further material from report in paragraphs 4-8) May 22 (Reuters) – Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you consent to receive the above newsletter […]
Article content CHICAGO — U.S. wheat, soybean and corn futures rose on Monday, with a round of bargain buying supporting commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade contract dropped below $6 a bushel for the first time in more than two years […]