Article content (Bloomberg) — David McCormick, the former Bridgewater Associates chief executive officer, will likely seek the Republican nomination for US Senate in Pennsylvania, the Associated Press reported Thursday. He would be looking to take the seat now held by Bob Casey, a three-term Democrat and son of a former governor, as Republicans aim to […]
Article content (Bloomberg) — Liquefied natural gas workers at key Chevron Corp. sites in Western Australia have begun ramping up a campaign of industrial action in a dispute that has roiled global energy markets. Staff started a program of escalated action Thursday after beginning partial strikes on Sept. 8, a union official confirmed. Chevron has […]
Article content (Bloomberg) — Fires burning across most Canadian provinces and territories since May have released 410 million metric tons of carbon dioxide into the atmosphere, roughly the equivalent of Mexico’s emissions in 2021. Canada’s wildfires have contributed 27% of the total wildfire carbon emissions for 2023, according to observation agency Copernicus. By comparison, Canada’s […]
Breadcrumb Trail Links PMN Business The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. Author of the article: Bloomberg News Anthony Di Paola Published Sep 12, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business Welcome to the world of China’s lithium auctions, where vast numbers of bids are placed, firms end up spending over a thousand times the opening price, and buyers promising hundreds of millions of dollars have walked without paying. Author of the article: Bloomberg News Annie Lee Published Sep 12, 2023 […]
Breadcrumb Trail Links PMN Business The abrupt resignation of BP chief Bernard Looney marks the loss of an executive who pushed for a transition to clean energy more aggressively than any of his industry peers, with mixed results. Author of the article: Bloomberg News Laura Hurst Published Sep 12, 2023 • 4 minute read Join […]
Article content (Bloomberg) — South Korean battery maker LG Energy Solution Ltd. is considering an expansion of its production in the US in a bid to triple sales from energy storage systems, according to a senior executive. LG is reviewing further investment in the US, after unveiling a $2.3 billion spending plan in March to […]
Article content (Bloomberg) — Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate fell below $87 a barrel after a 2.3% advance last week. Technical gauges including the relative strength index suggest futures remain overbought. Oil has surged by almost […]
Breadcrumb Trail Links PMN Business Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast. Author of the article: Bloomberg News Monica Raymunt, William Wilkes and Stefan Nicola Published Sep 10, 2023 • 9 minute read Join the conversation Article content (Bloomberg) — Shortly after taking the most important job in German […]
Article content (Bloomberg) — Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to an […]