Article content (Bloomberg) — US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants. The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, Commerce Department data showed Tuesday. Excluding autos and gasoline stations, sales advanced for fourth month. […]
Breadcrumb Trail Links PMN Business Bolivian President Luis Arce vowed to prioritize fuel imports and debt payments as he navigates the dollar shortage that has taken the Andean nation to the brink of chaos. Author of the article: Bloomberg News Peter Millard and Sergio Mendoza Published Sep 16, 2024 • 5 minute read Luis Arce […]
Breadcrumb Trail Links PMN Business Canada’s newly expanded oil pipeline to the Pacific is opening new markets for the country’s crude in Asia while reducing flows off the US Gulf Coast, at least partly fulfilling the project’s promise of diversifying the industry’s customer base. Author of the article: Bloomberg News Robert Tuttle Published Sep 16, […]
Article content (Bloomberg) — Air Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide. Air Canada and the Air Line Pilots Association, which represents the company’s more than 5,000 pilots, arrived at a tentative agreement for a new four-year contract, according to […]
Article content (Bloomberg) — The Kenya Electricity Transmission Co. has awarded Adani Group and a unit of the African Development Bank a public-private partnership concession to construct high-voltage power lines, according to an adviser of the East African nation’s president. “The government through Ketraco has awarded PPP concessions to Adani and Africa50 to build new […]
Article content (Bloomberg) — The Philippines withdrew its Coast Guard vessel from a South China Sea shoal that’s recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, Coast […]
Breadcrumb Trail Links PMN Business Marine Le Pen’s party unveiled its economic program that includes tax cuts for corporations and measures to favor French citizens, an agenda that could complicate Prime Minister Michel Barnier’s attempt to form a government and adopt a budget by next month. Author of the article: Bloomberg News Ania Nussbaum Published […]
Article content (Bloomberg) — Brazil’s economic activity fell less than expected in July, snapping a series of gains as central bankers are expected to mull the start of a cycle of interest rate hikes. The central bank’s economic activity index, a proxy for gross domestic product, fell 0.4% from June, less than the -0.7% median […]
Article content (Bloomberg) — Tennet Holding BV, the Dutch grid operator that failed to sell its massive German grid to Berlin in recent months, is pushing ahead with plans to privatize the unit in what could prove to be another uphill battle. Tennet has invited investment banks to pitch for roles on a potential initial […]
Article content (Bloomberg) — One of the best trades in global commodities could be in the UK’s carbon market. Andurand Capital Management, run by famed oil trader Pierre Andurand, is betting that UK carbon prices are going to rise in the coming months. A push from the government on climate policies could make the market […]