Article content (Bloomberg) — Solar power equipment maker Nextracker Inc. rose as much as 29% in its trading debut after raising $638 million in the biggest US initial public offering of the year. Article content Nextracker sold 26.6 million shares for $24 apiece in the upsized listing, after earlier marketing about 23 million shares for […]
Breadcrumb Trail Links PMN Business (Bloomberg) — Chancellor of the Exchequer Jeremy Hunt told UK cabinet colleagues that getting inflation below 5% this year will be difficult, insisting the government has to hold the line on fiscal discipline at his budget in March. Author of the article: Bloomberg News Alex Wickham Published Jan 27, 2023 […]
Article content (Bloomberg) — Legislation that would tie the release of oil from US emergency stockpiles to more federal oil and gas production was passed by the House, as Republicans use their majority to highlight the Biden administration’s historic drawdown from the Strategic Petroleum Reserve. Article content The Strategic Production Response Act, which was approved […]
Article content (Bloomberg) — Canada will send four battle tanks to Ukraine in the coming weeks, joining North Atlantic Treaty Organization allies including the US and Germany. Article content Defense Minister Anita Anand, speaking Thursday afternoon in Ottawa, said the government may send more of Canada’s Leopard 2 tanks in future, depending on talks with […]
Breadcrumb Trail Links PMN Business Australian central bank chief Philip Lowe’s prospects for an extension of his role are far from clear-cut, according to economists, with some highlighting political hurdles to his reappointment. Author of the article: Bloomberg News Swati Pandey Published Jan 22, 2023 • 3 minute read Join the conversation e7tzs}tp7rz2b8dwhcwfg(nx_media_dl_1.png Bloomberg RSS […]
Article content (Bloomberg) — Saudi Arabia-based management consultancy TAM Development Co. is planning an initial public offering later this year, in a test of whether investor demand for new share sales will carry through from last year. Article content TAM is planning to list on the Kingdom’s small cap market, co-founder and Chief Executive Officer […]
Breadcrumb Trail Links PMN Business Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies to make them more climate friendly. Author of the article: Bloomberg News Ania Nussbaum, Samy Adghirni and Michael Nienaber […]
Article content Well, hello again. The big talks: Prime Minister Rishi Sunak faces a massive coordinated strike action in early February, Alex Wickham reports. Planned walkouts by workers ranging from teachers to train drivers to nurses and ambulance workers, threaten to bring the country to a standstill. Pay deals are close with rail workers and firefighters, and the hope is for […]
Breadcrumb Trail Links PMN Business The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Author of the article: Bloomberg News Philip Aldrick Published Jan 16, 2023 • 3 minute read Join the conversation The logo the World Economic Forum (WEF) inside the […]
Breadcrumb Trail Links PMN Business President Joe Biden delivered a sermon on Sunday at Martin Luther King Jr.’s historic Ebenezer Baptist Church in Atlanta, testing out themes he’ll need to drive turnout of Black voters in his expected 2024 re-election campaign. Author of the article: Bloomberg News Akayla Gardner and Margaret Newkirk Published Jan 15, […]