Article content (Bloomberg) — The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure on track to pass the Senate within days. The legislation would broaden sanctions against Iran to include foreign ports, vessels, and refineries that knowingly process or ship Iranian crude in […]
Breadcrumb Trail Links PMN Business A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. Author of the article: Bloomberg News David Pan Published Apr 19, 2024 • Last updated 18 minutes ago • […]
Breadcrumb Trail Links PMN Business Mexico’s leading presidential candidate Claudia Sheinbaum said she expects Petroleos Mexicanos, the world’s most indebted oil producer, to refinance its bonds ahead of upcoming maturities in 2025. Author of the article: Bloomberg News Maya Averbuch, Carolina Millan and Scott Squires Published Apr 19, 2024 • Last updated 29 minutes ago • […]
Article content (Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence of 18-megawatt turbines set off a chain of events leading to New York State ending negotiations for three major projects that would have totaled 4 gigawatts. The cancellation […]
Breadcrumb Trail Links PMN Business A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China. Author of the article: Bloomberg News Cliff Venzon Published Apr 19, 2024 • 2 minute […]
Article content (Bloomberg) — Oil headed for its first back-to-back weekly drop this year as a wider risk-off mood driven by hawkish comments from Federal Reserve policymakers countered sustained tensions in the Middle East. Brent traded near $87 a barrel after declining every session this week, despite Iran’s attack on Israel last weekend. West Texas […]
Breadcrumb Trail Links PMN Business Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as board members get ready to revise their price forecasts next week. Author of the article: Bloomberg News Erica Yokoyama and Keiko Ujikane Published Apr 18, 2024 • Last updated 10 minutes ago • 3 minute […]
Article content (Bloomberg) — Beijing’s currency defense against the dollar risks coming undone by the side effect it is having against the other major currencies in China’s trading orbit. The official CFETS RMB Index, which measures the yuan’s performance versus 24 peers, has climbed 2.7% since end-December and rallied to the highest in a year […]
Article content (Bloomberg) — Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region. Interest rate swaps for South Korea, Malaysia, and Thailand all jumped in recent weeks, a sign that traders are paring rate-cut expectations in those emerging markets. The Bloomberg […]
Article content (Bloomberg) — Oil held the largest decline in two months amid a slew of conflicting signals that ranged from rising stockpiles to tensions in the Middle East and the reimposition of US sanctions on Venezuelan crude. Global benchmark Brent traded below $88 a barrel after slumping by 3% on Wednesday, while West Texas […]