Article content (Bloomberg) — Oil extended losses from the lowest settlement in almost four months after OPEC+’s plan to return barrels to the market earlier than expected raised concerns about oversupply. Brent fell below $78 a barrel after the August contract tumbled 3.4% on Monday. West Texas Intermediate was under $74. The alliance is scheduled […]
Breadcrumb Trail Links PMN Business This week’s interest-rate cut is a milestone for the European Central Bank. Author of the article: Bloomberg News Mark Schroers and Alice Gledhill Published Jun 03, 2024 • 6 minute read m56b6t0bahz7k7o99q4hxbb{_media_dl_1.png Bloomberg Article content (Bloomberg) — This week’s interest-rate cut is a milestone for the European Central Bank. For […]
Article content (Bloomberg) — South Korean oil and gas shares surged in early trade on Monday after President Yoon Suk Yeol approved a plan to develop a deposit of the fossil fuels discovered off the country’s southeastern coast. State-run Korea Gas Corp. jumped as much as 30%, while Posco International Corp. gained 24% following Yoon’s […]
Breadcrumb Trail Links PMN Business Sandwiched between the world’s great global powers in a time of deepening global tensions, Greek shipowners are still finding a way to thrive. Author of the article: Bloomberg News Alex Longley and Áine Quinn Published Jun 03, 2024 • 4 minute read 8r27yxipzbd8hw[bt)t4w)i4_media_dl_1.png Clarksons Article content (Bloomberg) — Sandwiched between […]
Article content (Bloomberg) — Aramco will on Sunday kick off a share sale to raise about $12 billion for Saudi Arabia, one of the biggest deals in recent years that will test investor interest in the kingdom’s assets. Saudi Arabia is looking to attract more international shareholders after Aramco’s mega IPO five years ago turned […]
Breadcrumb Trail Links PMN Business Whichever political party wins the UK general election on July 4, a massive debt hangover is in store, severely limiting what the poll-leading Labour Party or governing Conservatives can do in office. Author of the article: Bloomberg News Philip Aldrick and Andrew Atkinson Published Jun 02, 2024 • 4 minute […]
Article content (Bloomberg) — Icelandic entrepreneur and investor Halla Tomasdottir headed toward a victory in presidential elections, leaving former premier Katrin Jakobsdottir trailing. Tomasdottir had the backing of 32.8% of voters against 25.7% for Jakobsdottir, state-owned broadcaster RUV said in the early hours of Sunday. The former government leader congratulated Tomasdottir, saying she’d make a […]
Breadcrumb Trail Links PMN Business Ukraine’s manpower shortage is beginning to bite. Author of the article: Bloomberg News Volodymyr Verbianyi Published Jun 01, 2024 • 5 minute read An worker at a Metinvest steel works in Zaporizhzhia, Ukraine. Photographer: Vincent Mundy/Bloomberg Photo by Vincent Mundy /Bloomberg Article content (Bloomberg) — Ukraine’s manpower shortage is beginning […]
Breadcrumb Trail Links PMN Business A general from China People’s Liberation Army slammed the US for trying to create “an Asia-Pacific version of NATO” to maintain American-led hegemony. Author of the article: Bloomberg News Bloomberg News Published Jun 01, 2024 • Last updated 21 minutes ago • 6 minute read Ferdinand Marcos Jr. on May 31. […]
Breadcrumb Trail Links PMN Business India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy. Author of the article: Bloomberg […]