Breadcrumb Trail Links PMN Business United States Steel Corp. has rejected a takeover offer from rival Cleveland-Cliffs Inc. that promised to create one of the world’s biggest steelmakers, and will begin a review of its strategic options instead. Author of the article: Bloomberg News Joe Deaux Published Aug 13, 2023 • 3 minute read Join […]
Article content (Bloomberg) — The yen hovered around the psychological 145 level versus the dollar and within reach of its weakest level this year as a persistently wide interest-rate gap with the US weighs on the Japanese currency. Investors are on guard for any sharp moves as traders return in Tokyo following a holiday in […]
Article content (Bloomberg) — Contact Energy expects to have more than 95% of its New Zealand generation renewable by mid-2027 as it moves forward with plans to build new geothermal and solar-powered plants. The company plans to apply for consent to build a 160 megawatt solar farm northwest of Auckland before the end of this […]
Breadcrumb Trail Links PMN Business While the cause of the deadly Maui fires remains under investigation, lawyers are sending experts to the island to look into utility power lines as being a possible source of ignition. Author of the article: Bloomberg News Mark Chediak and Jef Feeley Published Aug 12, 2023 • 4 minute read […]
Breadcrumb Trail Links PMN Business China’s economy is showing little sign of a rebound, with fresh stress in the property market and deflation threatening the growth outlook. Author of the article: Bloomberg News Bloomberg News Published Aug 12, 2023 • 6 minute read Join the conversation p{z5h5020x6orv[[8um4i6j0_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — China’s economy […]
Breadcrumb Trail Links PMN Business Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Author of the article: Bloomberg News Liz Capo McCormick, Michael Mackenzie and […]
Article content (Bloomberg) — Argentina’s state-run energy company Enarsa has cancelled another shipment of liquefied natural gas, according to a person familiar with the matter. This cancellation was because of low demand resulting from warmer-than-usual winter temperatures in the South American country, said the person who asked not to be named because the information is […]
Article content (Bloomberg) — Bill Gross, the one-time bond king, said stock and bond bulls are wrong, as both markets are “overvalued.” The former chief investment officer of Pacific Investment Management Co., speaking in an interview on Bloomberg Television, said the fair value of the 10-year Treasury yield is about 4.5%, compared with the current […]
Breadcrumb Trail Links PMN Business Walt Disney Co.’s ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment Inc., licensing its brand for sports betting and deepening the media giant’s ties to the growing online gambling business. Author of the article: Bloomberg News Gerry Smith Published Aug 08, 2023 • 3 minute read […]
Breadcrumb Trail Links PMN Business A Chinese maker of long-range electric vehicle batteries — including one capable of going 1,000 kilometers (620 miles) on a single charge — plans to go public as soon as 2025 as it banks on automakers embracing next-generation cells in the race to overcome range anxiety. Author of the article: […]