Breadcrumb Trail Links PMN Business Vacationers filling up with gasoline in Brisbane or Durban this holiday season have a good chance of pulling into a station that’s part of the growing fuel-retailing empire of the world’s biggest independent oil trader. Author of the article: Bloomberg News Archie Hunter Published Dec 17, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business All eyes will be on the Bank of Japan when it sets policy on Tuesday, as Governor Kazuo Ueda continues to inch toward ending the world’s last negative interest-rate regime. Author of the article: Bloomberg News Brian Fowler and Craig Stirling Published Dec 16, 2023 • 5 minute read Join […]
Article content (Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Rockcliff Energy II LLC for about $2.7 billion in a move to expand its US shale gas operations. Tokyo Gas America will acquire all the shares of Rockcliff, a portfolio company of Quantum Energy Partners, through its ownership interest […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz may have clinched an accord on a budget for 2024, but his coalition has a lot more questions to answer about the country’s destiny. Author of the article: Bloomberg News Jana Randow and Kamil Kowalcze Published Dec 16, 2023 • 4 minute read Join the conversation […]
Breadcrumb Trail Links PMN Business Home ownership comes with concierge access to the private jet terminal next door, as well as entry to a members-only club in the city center. Author of the article: Bloomberg News Lisa Fleisher Published Dec 15, 2023 • 4 minute read Join the conversation Article content (Bloomberg) — There’s no […]
Article content (Bloomberg) — Indian imports of solar power equipment have risen rapidly this year, and the country is still highly reliant on foreign suppliers despite Prime Minister Narendra Modi’s efforts to increase self-sufficiency, according to BloombergNEF. Solar panel imports hit an 18-month high in September, while purchases of photovoltaic cells in value terms in […]
Breadcrumb Trail Links PMN Business South Africa’s National Treasury is considering withdrawing as much as half of the 497 billion rand ($27.3 billion) of contingency reserves held by the central bank to help reduce the government’s debt load or fund public-sector wages. Author of the article: Bloomberg News S’thembile Cele and Ntando Thukwana Published Dec […]
Article content (Bloomberg) — Goldman Sachs Group Inc. economists revamped their outlook for the Federal Reserve, seeing a steady course of interest-rate cuts that begins in March. Goldman’s economics team, led by Jan Hatzius, anticipates that the Fed’s preferred inflation gauge — the core PCE price index, which excludes volatile food and energy costs — […]
Article content (Bloomberg) — South African inflation slowed amid a sharp decline in fuel prices although other categories remained elevated, sending mixed signals to the central bank, which has cautioned it remains wary of ongoing cost pressures. The consumer price index rose 5.5% in November from a year earlier after a 5.9% gain in October, […]
Article content (Bloomberg) — The head of Saudi Arabia’s largest chemicals producer warned of another difficult year for the industry in 2024, as the outlook for the global economy remains weak. Demand for chemicals — used to make plastics that go into anything from cars to mobile phones — has been hit by sluggish growth […]