Article content (Bloomberg) — Canadians are skeptical of Prime Minister Justin Trudeau’s ability to negotiate with Donald Trump if the former US president returns to power, a new poll found. Only 28% named Trudeau as the political leader who would do the best job of dealing with Trump, even though the Canadian prime minister has […]
Article content (Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation data for a few months would still be consistent with a path back to the central bank’s 2% goal. “Rate cuts should be tied to confidence in being on a path toward the target,” Goolsbee said in prepared remarks […]
Article content (Bloomberg) — Canadian home sales rose for the second month, with buyers rushing back into the market as speculation builds that prices will rise if the Bank of Canada lowers interest rates later this year. The number of homes that traded hands rose 3.7% in January from the month before, according to data […]
Article content (Bloomberg) — Coal India Ltd. posted a record quarterly profit that beat estimates as buyers of the fossil fuel boosted stockpiles before the summer demand season. Coal use in India, the world’s No. 3 polluter, is climbing as power consumption grows and Prime Minister Narendra Modi’s government prioritizes domestic fuel sources to bolster […]
Article content (Bloomberg) — The European Union hashed out a preliminary agreement on fiscal reform that will aim to reduce debt and protect investment in key areas such as defense and the green transition. The political deal will introduce a gradual fiscal adjustment path for nations whose government debt exceeds 60% of gross domestic product […]
Breadcrumb Trail Links PMN Business The OECD expects global inflation to recede faster in most economies compared to its previous estimates, but urged central bankers to stay alert as it’s too soon to declare victory. Author of the article: Bloomberg News Molly Smith and Vince Golle Published Feb 10, 2024 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business An ugly row with the family of a murdered teenager and an on-air bet about deporting asylum-seekers summed up another week to forget for Rishi Sunak as time ticks down to a UK election. Within days, he may be adding a recession, higher inflation and the loss of two Parliament […]
Article content (Bloomberg) — BASF SE is accelerating a planned divestment from two joint ventures in China’s Xinjiang region following reports of alleged human rights violations. The German chemicals company didn’t say when the sale of its stakes in the two companies — Korla-based Markor Chemical Manufacturing Co. and Markor Meiou Chemical Co. — would […]
Article content (Bloomberg) — The deadly fires across Chile that killed at least 130 people and sent air quality levels into dangerous territory are just another example of how weather and climate can raise risks around the world, said Glory Dolphin Hammes, chief executive of Swiss-based IQAir’s North American division.Firefighters in the region have most […]
Article content (Bloomberg) — South African President Cyril Ramaphosa’s state-of-the-nation speech was met with predictable skepticism as he laid out the country’s progress since White rule ended 30 years ago. But the most important thing was probably what he left unsaid. He committed to extending welfare grants but made no concrete ballot-box spending pledges to […]