Article content (Bloomberg) — The US will support Serbia’s efforts to dial back its reliance on fossil-fuel imports from Russia and accelerate its transition to renewable energy resources, a senior State Department diplomat said during a visit to the Balkan nation. The visit by Jose Fernandez, the under secretary of state for economic growth, energy […]
Breadcrumb Trail Links PMN Business Stocks hit fresh all-time highs as big banks rallied after kicking off the earnings season with solid earnings. Author of the article: Bloomberg News Rita Nazareth Published Oct 11, 2024 • Last updated 0 minutes ago • 4 minute read exmolg4o3q11bswlewrg0hwu_media_dl_1.png Bureau of Labor Statistics Article content (Bloomberg) — Stocks hit […]
Breadcrumb Trail Links PMN Business Bond investors lifted wagers that the Federal Reserve will cut interest rates by a quarter point next month as a sharp rise in claims for unemployment took precedence over a hotter-than-expected inflation print. Author of the article: Bloomberg News Liz Capo McCormick Published Oct 10, 2024 • 3 minute read […]
Article content (Bloomberg) — France’s state development bank is considering loaning South Africa about €300 Million ($329 million) in what would be its second disbursement under a climate-finance pact between the African nation and some of the world’s richest countries, people familiar with the situation said. The 20-year loan, the exact size of which is […]
Article content (Bloomberg) — Israeli Prime Minister Benjamin Netanyahu’s office said he spoke with US President Joe Biden for the first time in more than a month as Washington looks to temper Israel’s retaliation for last week’s missile attack from Iran. The two sides were expected to provide readouts of what the leaders discussed later […]
Breadcrumb Trail Links PMN Business Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden. Author of the article: Bloomberg News Charles Daly, Rafaela Lindeberg and Niclas Rolander Published Oct 08, 2024 • 3 minute read Article […]
Article content (Bloomberg) — Honda Motor Co. said it’s open to altering its electrification roadmap if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle targets. “There’s enough room to adjust the time line of establishing EV factories globally and change […]
Article content (Bloomberg) — Brookfield Asset Management Ltd. sees an opportunity to ink billion-dollar deals in the renewable-power industry after valuations dropped in recent years. The asset manager said earlier this year that it raised $10 billion for a fund dedicated to investing in the energy transition as well as $2.4 billion for a similar […]
Breadcrumb Trail Links PMN Business Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House. Author of the article: Bloomberg News Jennifer A. Dlouhy, Bill Allison and Mitchell Ferman Published Oct […]
Article content (Bloomberg) — The Saudi stock market is wobbling after a summer rally, with the Riyadh bourse enduring its worst fourth-quarter start in years as regional tensions soar. The Tadawul All Share Index index slipped 3.7% in the first four trading days of October, as Israel intensified its campaign against Iran-backed Hezbollah and weighed […]