Article content (Bloomberg) — BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia Treasurer Riley Moore took a victory lap in an announcement of the financial firms it was […]
Breadcrumb Trail Links PMN Business Asian stocks are set to follow Wall Street higher after Friday’s jobs print indicated a strong US economy. China reopens after a two-day holiday. Author of the article: Bloomberg News Matthew Burgess Published Apr 07, 2024 • 3 minute read g8t3wkszflc8s})uteur1o9l_media_dl_1.png Bloomberg, Bureau of Labor Stati Article content (Bloomberg) — […]
Breadcrumb Trail Links PMN Business US consumer-price data in the coming week, arriving on the heels of surprisingly strong jobs numbers, is projected to show a glacial slowdown in underlying inflation that explains the Federal Reserve’s cautious approach to lowering interest rates. Author of the article: Bloomberg News Vince Golle Published Apr 06, 2024 • […]
Breadcrumb Trail Links PMN Business Ireland’s incoming Prime Minister Simon Harris gave his first speech as leader of the Fine Gael party, outlining priorities for the government ahead of his nomination as prime minister next week. Author of the article: Bloomberg News Jennifer Duggan Published Apr 06, 2024 • 3 minute read Article content (Bloomberg) […]
Breadcrumb Trail Links PMN Business President Javier Milei is taking a softer tone than he did as a candidate, saying he won’t touch existing trade agreements with Beijing. Author of the article: Bloomberg News Jonathan Gilbert and Manuela Tobias Published Apr 04, 2024 • 9 minute read 5h3lt9a7lw]]kb(h7f1biyrz_media_dl_1.png Source: Bloomberg Economics Article content (Bloomberg) — […]
Breadcrumb Trail Links PMN Business Japan’s currency is yet again at the mercy of the US economy, with Tokyo’s efforts to buy time for the beleaguered yen vulnerable to shifts in the outlook for interest rate cuts by the Federal Reserve. Author of the article: Bloomberg News Toru Fujioka Published Apr 04, 2024 • 4 […]
Article content (Bloomberg) — The Biden administration has dismissed a deal with House Speaker Mike Johnson to tie Ukraine aid to lifting the Biden administration’s pause of new liquefied natural gas export licenses. “The president has been clear that House Republicans should pass the bipartisan national security agreement that already passed the Senate as soon […]
Article content (Bloomberg) — Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, […]
Article content (Bloomberg) — Equity markets in Asia look set to open higher as the Federal Reserve reiterated it’s in no rush to cut interest rates and will await more evidence that inflation is under control. Futures contracts for the Nikkei 225 index pointed higher, while trading is still closed in Australia and Hong Kong […]
Breadcrumb Trail Links PMN Business Gildan Activewear Inc.’s former chief executive officer said he has a strategy to nearly double the clothing maker’s profits by 2028 if he returns to the job — and that investors will be better off with his plan than selling the company to the highest bidder. Author of the article: […]