Breadcrumb Trail Links PMN Business Britain’s economy bounced out of recession with the strongest growth in more than two years and faster than previously estimated, with services and consumer spending both driving the gains. Author of the article: Bloomberg News Irina Anghel, Philip Aldrick and Andrew Atkinson Published Jun 28, 2024 • Last updated 0 minutes […]
Breadcrumb Trail Links PMN Business President Joe Biden bet that a debate with Republican Donald Trump would boost his moribund reelection campaign. His gamble failed. Author of the article: Bloomberg News Nancy Cook, Jordan Fabian and Josh Wingrove Published Jun 28, 2024 • 5 minute read US President Joe Biden during the first presidential debate […]
Breadcrumb Trail Links PMN Business China has a glut of coal heading into the hotter summer months, a successful start to Beijing’s campaign to ensure there’s enough of its mainstay fuel to keep cool and power factories during the season when consumption typically peaks. Author of the article: Bloomberg News Bloomberg News Published Jun 26, […]
Article content (Bloomberg) — Exxon Mobil Corp. said lithium demand will grow despite a years-long slump in prices, a scenario that would help its traditional oil business co-exist with a foray into producing the battery material that’s key for electric vehicles. “What we’re seeing right now in lithium is the sentiment is bearish,” Patrick Howarth, […]
Article content (Bloomberg) — Vietnamese lender Southeast Asia Commercial Joint Stock Bank plans to issue the country’s first blue bond as part of a $150 million financing package from the International Finance Corporation. IFC will subscribe the $25 million dollar-denominated five-year blue bond issued by the bank, as well as $50 million in five-year dollar-denominated […]
Breadcrumb Trail Links PMN Business A nonprofit backed by Chris Hohn, the billionaire money manager behind TCI Fund Management, says climate investors need to move into the highest-emitting sectors if they’re to effectively bring about a low-carbon energy transition. Author of the article: Bloomberg News Alastair Marsh Published Jun 24, 2024 • 3 minute read […]
Breadcrumb Trail Links PMN Business The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jun 22, 2024 • […]
Breadcrumb Trail Links PMN Business Global corporate bonds are on track for their worst month since late last year by one measure, reigniting the debate about the relative value of credit versus other fixed-income classes. Author of the article: Bloomberg News Finbarr Flynn and Tasos Vossos Published Jun 22, 2024 • Last updated 2 hours ago […]
Article content (Bloomberg) — Thai Prime Minister Srettha Thavisin used his first monthly television address as the country’s leader to promote plans for legalizing casinos and building a nuclear power plant to curb illegal gambling and reduce electricity costs. Casinos would bring gambling businesses under the government’s control, while a nuclear power plant would ease […]
Article content (Bloomberg) — James K. Irving, the Canadian billionaire who expanded his family’s forest products business into a conglomerate and founded a record tree-planting program, has died. He was 96. Irving died in Saint John, New Brunswick, his family announced on Friday. He is survived by four children, Jim, Robert, Mary-Jean and Judith, 14 […]