Article content (Bloomberg) — Oil was little changed after plunging on a big jump in US crude inventories that added to concerns about weakening demand. Brent for July traded below $84 a barrel after slumping to the lowest since mid-March in the prior session, while West Texas Intermediate was near $79. US crude stockpiles jumped […]
Article content (Bloomberg) — Oil extended a decline on the prospect a cease-fire in the Middle East will ease tensions and as signs of elevated inflation weigh on the outlook for US demand ahead of a Federal Reserve meeting. Brent crude traded near $85 a barrel after losing 1% on Tuesday, while West Texas Intermediate […]
Article content (Bloomberg) — Travis Machen is joining Bank of Nova Scotia from Morgan Stanley to lead the its global banking and markets business. Machen, who is set to start May 6, will replace Jake Lawrence, who left the bank in March to become chief financial officer of Power Corp. of Canada, according to a […]
Article content (Bloomberg) — Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East. Brent crude traded below $89 a barrel after gaining 2.5% last week, while West Texas Intermediate dropped toward $83. US Secretary of State Antony Blinken will step […]
Article content (Bloomberg) — Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons of carbon, making it tougher for companies using ocean freight to reduce pollution across their supply chains. Instead of passing through Egypt’s Suez Canal, hundreds of vessels since mid-December are sailing […]
Article content (Bloomberg) — Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based company requested approval to receive an LNG shipment to cool down its equipment as […]
Breadcrumb Trail Links PMN Business Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates. Author of the article: Bloomberg News Reade Pickert and Craig Stirling Published Apr 27, 2024 • 6 minute read […]
Breadcrumb Trail Links PMN Business Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities. Author of the article: Bloomberg News Natalia Kniazhevich Published Apr 27, 2024 • 5 minute read Source: McKinsey Source: […]
Article content (Bloomberg) — Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. Brent rose above $89 a barrel and is up more than 2% for the week, while West Texas […]
Breadcrumb Trail Links PMN Business Price growth in Tokyo decelerated sharply to a pace below 2% in April, in an outcome largely distorted by the start of education subsidies, as the Bank of Japan gathers to decide policy. Author of the article: Bloomberg News Erica Yokoyama and Yoshiaki Nohara Published Apr 25, 2024 • Last […]