Article content (Bloomberg) — Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based company requested approval to receive an LNG shipment to cool down its equipment as […]
Breadcrumb Trail Links PMN Business Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates. Author of the article: Bloomberg News Reade Pickert and Craig Stirling Published Apr 27, 2024 • 6 minute read […]
Breadcrumb Trail Links PMN Business Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities. Author of the article: Bloomberg News Natalia Kniazhevich Published Apr 27, 2024 • 5 minute read Source: McKinsey Source: […]
Article content (Bloomberg) — Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude. Brent rose above $89 a barrel and is up more than 2% for the week, while West Texas […]
Breadcrumb Trail Links PMN Business Price growth in Tokyo decelerated sharply to a pace below 2% in April, in an outcome largely distorted by the start of education subsidies, as the Bank of Japan gathers to decide policy. Author of the article: Bloomberg News Erica Yokoyama and Yoshiaki Nohara Published Apr 25, 2024 • Last […]
Article content (Bloomberg) — Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western Australian mines. The company exported 43.3 million tons in its third quarter, down 6% from the year before, due to […]
Article content (Bloomberg) — Solar equipment giant Enphase Energy Inc. sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter. Enphase shares dipped 5.5% in post-market trading after the company reported first-quarter results that missed analyst expectations as US revenue fell 34% compared to the […]
Breadcrumb Trail Links PMN Business Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon. Author of the article: Bloomberg News Ari Natter and Jennifer A. Dlouhy Published […]
Breadcrumb Trail Links PMN Business Canada is on the verge of an agreement with Honda Motor Co. that would see the Japanese firm build electric vehicles and their components in the province of Ontario, according to people familiar with the matter. Author of the article: Bloomberg News Brian Platt Published Apr 21, 2024 • 4 […]
Article content (Bloomberg) — South Korea’s exports have made a brisk start to the second quarter based on early trade figures for April, brightening the outlook for economic growth. The value of shipments increased 11.1% from a year earlier in the first 20 days of April, according to data released Monday by the customs office. […]