Article content (Bloomberg) — Australia posted back-to-back budget surpluses for the first time in 16 years. The underlying cash surplus was A$15.8 billion ($10.9 billion) in the 12 months through June 30 this year, or 0.6% of gross domestic product, according to the Treasurer’s office. That exceeded a A$9.3 billion windfall predicted in the May […]
Breadcrumb Trail Links PMN Business Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already bracing for a shutdown. Author of the article: Bloomberg News Laura Curtis and Josh Wingrove Published Sep 29, 2024 • 5 […]
Breadcrumb Trail Links PMN Business Six of the seven battleground states expected to decide this year’s US presidential election saw faster growth than the US economy as a whole in the second quarter, adding to recent tailwinds for Vice President Kamala Harris close to a month out from the vote. Author of the article: Bloomberg […]
Breadcrumb Trail Links PMN Business European stocks face a series of hurdles to extend their 2024 rally after hitting another record high this week. Author of the article: Bloomberg News Sagarika Jaisinghani, Julien Ponthus and Michael Msika Published Sep 28, 2024 • 4 minute read t6o6ru715)6om]7bspibi7s]_media_dl_1.png Bloomberg, Citigroup Article content (Bloomberg) — European stocks face […]
Article content (Bloomberg) — Economists see US inflation reaching the Federal Reserve’s target early next year while the unemployment rate picks up slightly, closely following the central bank’s own updated projections released last week. The Fed targets 2% price growth based on the annual personal consumption expenditures price index, and forecasters in the latest Bloomberg […]
Breadcrumb Trail Links PMN Business The Latin American nation has halted new exploration of oil and gas. Now it wants developed countries and multilateral development banks to help it move away from fossil fuels. Author of the article: Bloomberg News Akshat Rathi and John Ainger Published Sep 26, 2024 • 2 minute read A worker […]
Breadcrumb Trail Links PMN Business Former Bank of Canada Governor Stephen Poloz is examining a list of ideas to get the country’s pension funds to invest more in the domestic economy – including the creation of a pooled fund that would make dealmaking easier for some of them. Author of the article: Bloomberg News Erik […]
Article content (Bloomberg) — America’s struggle to curb its emissions from natural gas threatens to undermine the Biden administration’s goal of having 100% carbon-free power generation by 2035, according to BloombergNEF. US energy-related emissions peaked in 2007 and have since fallen at an average rate of 1.8% per year, BNEF said Wednesday in its New […]
Article content (Bloomberg) — Deutsche Boerse AG and Nasdaq Inc. said they were raided by European Union antitrust watchdogs who suspect the firms may have been involved in a cartel related to “financial derivatives.” A Deutsche Boerse spokesperson confirmed that the company was hit by the EU’s unannounced inspections on Monday, and that it is […]
Article content (Bloomberg) — Trafigura Group has appointed gas, power and renewables head Richard Holtum as its new chief executive officer, replacing Jeremy Weir who will stay on as chairman of the commodity trading giant. Holtum, a 39-year-old former British army captain, will become CEO on Jan. 1, the company said in a statement. The […]