(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth. Read More
(Bloomberg) — Argentina will reduce energy subsidies for utility bills at a slower pace than anticipated because of higher costs stemming from the impact of Russia’s invasion of Ukraine, Economy Minister Martin Guzman said Saturday. Read More
(Bloomberg) — Clothing companies and gadget makers are among manufacturers across Asia seeing early signs of cooling demand from their global customers as soaring inflation takes hold. Read More
(Bloomberg) — Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. Read More
(Bloomberg) — A gathering of trade ministers of the Asia-Pacific Economic Cooperation group failed to issue a customary joint statement, a day after the US and Russia staged a tit-for-tat walkout during their presentations at the meeting. Read More
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Craig Stirling Publishing date: May 21, 2022 • 18 minutes ago • 6 minute read • Join the conversation Article content (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Days after global finance chiefs described the widespread economic fallout […]
Article content (Bloomberg) — Siemens Energy AG will offer to buy the shares in Siemens Gamesa Renewable Energy SA it doesn’t already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker. Siemens Energy has agreed to offer 18.05 euros per Siemens Gamesa share to fully acquire the company, it […]
Article content (Bloomberg) — J. M. Smucker Co. is recalling some Jif peanut butter products sold in the US and Canada because of potential Salmonella contamination. The Orrville, Ohio-based company on Saturday expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the US. […]
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Michael P. Regan and Vildana Hajric Article content By Michael P. Regan and Vildana Hajric (Bloomberg) — Daniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience […]
Article content (Bloomberg) — Olaf Scholz’s Social Democratic Party lost a regional election for the second straight week, suffering a fresh blow amid wavering support for the German chancellor’s Ukraine policy. The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, […]