Article content (Bloomberg) — The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” […]
Article content (Bloomberg) — Australian investors are more engaged in activism than at any time in more than a decade as active campaigns surge and companies bow to pressure from agitating shareholders. This year is the biggest for activist campaign starts on record, according to data compiled by Bloomberg Intelligence that goes back to 2011. […]
Article content (Bloomberg) — China’s rising electricity demand will keep pressure on the nation’s power sector, according to the world’s largest utility, despite installations of generation capacity hitting a fresh high this year. “Power supply and demand will be tight during local peak hours,” the research institute of State Grid Corp. of China — which […]
Breadcrumb Trail Links PMN Business The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published May 25, 2024 • 6 minute read 21i{x0mj9n]wv{l}fvphebn)_media_dl_1.png Bloomberg Economics based […]
Article content (Bloomberg) — BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell their respective 50% stakes in assets held by the nation’s largest refinery to state-owned Central Energy Fund SOC Ltd. The sale includes the oil companies’ interests in the land at SAPREF (Pty) Ltd. […]
Breadcrumb Trail Links PMN Business As investigators closed in on their biggest target of Kazakhstan’s anti-corruption campaign, they uncovered clues in Kairat Satybaldyuly’s meticulous notes. Author of the article: Bloomberg News Nariman Gizitdinov Published May 25, 2024 • 5 minute read izfi4ardu6x2io6jb23aeeqf_media_dl_1.png World Bank, IMF, Bloomberg Article content (Bloomberg) — As investigators closed in on […]
Article content (Bloomberg) — Indian power generation firm Tata Power Co. is planning to raise as much as $1 billion-equivalent for clean energy projects, in what could be the country’s largest local currency loan this year. The unit of Tata Group, one of India’s largest conglomerates, is in talks with lenders including State Bank of […]
Breadcrumb Trail Links PMN Business The Aland Islands are variously described as the lock to Finland, a pistol pointed at Sweden, and a beacon of peace. Author of the article: Bloomberg News Danielle Bochove and Leo Laikola Published May 23, 2024 • 7 minute read wzlptvk9kzxr5sp6)hpeskk7_media_dl_1.png Baltic Marine Environment Protec Article content (Bloomberg) — On […]
Breadcrumb Trail Links PMN Business Something’s stirring in the world’s fourth-biggest economy. After decades of growth slow enough to make deflation the central bank’s biggest worry, Japan’s prices and wages are rising. Its stock market, too. Even interest rates have gone up for the first time in 17 years — they’re actually slightly positive now. Author […]
Breadcrumb Trail Links PMN Business Its creators hope to take the concept—part immersive theater, part interactive dining—to cities worldwide. Author of the article: Bloomberg News Mia Glass Published May 23, 2024 • 5 minute read Article content (Bloomberg) — Watching grown men and women voluntarily put on voluminous, red and black cancan skirts and participate […]