Breadcrumb Trail Links PMN Business The Bank of England will have to keep interest rates high for longer because inflation will not fade as quickly as it blew up despite recent drops in gas and producer prices, Deputy Governor Ben Broadbent said. Author of the article: Bloomberg News Philip Aldrick Published Aug 26, 2023 • […]
Article content (Bloomberg) — Taiwan’s growing capability to blunt a potential Chinese invasion could be stymied by domestic political and infrastructure challenges, according to a new analysis from Congress’s research arm. Taiwan’s 2023 defense budget of around $24.6 billion represents nearly a 10% increase from 2020. It’s the largest purchaser of US arms since 2020 […]
Breadcrumb Trail Links PMN Business The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world: Author of the article: Bloomberg News Catarina Saraiva and Alexander Weber Published Aug 24, […]
Article content (Bloomberg) — European Central Bank Governing Council member Joachim Nagel said that he’s not convinced inflation is under control enough for a halt in interest rate hikes, with his decision hinging on additional data in the coming weeks. “It’s for me much too early to think about a pause,” the Bundesbank chief told […]
Article content (Bloomberg) — Japan is scheduled to begin releasing treated wastewater from the Fukushima nuclear site into the Pacific Ocean later on Thursday, the first discharge in a process that could last about 30 years and has drawn threats of retaliation from China. Prime Minister Fumio Kishida’s government and Tokyo Electric Power Co., which […]
Article content (Bloomberg) — Liquefied natural gas workers in Australia will meet Thursday to consider a “strong offer” from Woodside Energy Group Ltd. following new talks, easing a strike threat in one of three disputes underway in the key exporting nation. More than 150 staff at parts of Woodside’s North West Shelf LNG operations will […]
Breadcrumb Trail Links PMN Business A tourism boom in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation. Author of the article: Bloomberg News Lisa Du Published Aug 22, 2023 • 3 minute read Join the […]
Article content (Bloomberg) — Partners at the UK arm of accounting giant PricewaterhouseCoopers LLP will see their pay drop below £1 million ($1.27 million) this year, as it reported a decline in profit. PwC will pay its UK partners an average of £906,000 for the latest financial year, less than the record £1.02 million its […]
Article content (Bloomberg) — BHP Group Ltd., the world’s biggest miner, missed analysts’ forecasts as its full-year profit slumped, with China’s struggling economy weighing on demand for iron ore and other commodities. Twelve months after posting its highest-ever profit as prices soared, the deteriorating economic outlook in the world’s biggest metals consumer has seen BHP’s […]
Article content (Bloomberg) — Woodside Energy Group Ltd., Australia’s biggest oil and gas producer, said first-half profits rose as record output from its expanded portfolio helped to offset a downturn in oil and gas prices. Underlying earnings rose 4% to $1.9 billion in the six months to June 30, the Perth-based producer said Tuesday in […]