Article content (Bloomberg) — Libya’s oil production has risen to the highest daily level in more than a decade, just months after a political crisis slashed the country’s output. Article content Crude and condensate production hit 1.422 million barrels on Thursday, the National Oil Corp. said in a post on X. That exceeds the state […]
Breadcrumb Trail Links PMN Business Canada’s largest banks all are poised to pay their employees more in variable compensation for 2024, with stock-market favorites Royal Bank of Canada, Canadian Imperial Bank of Commerce and National Bank of Canada increasing bonus pay the most. Author of the article: Bloomberg News Christine Dobby Published Dec 05, 2024 […]
Article content (Bloomberg) — Economic activity increased slightly in November after little change in preceding months, and US businesses grew more upbeat about demand prospects, the Federal Reserve said in its latest Beige Book survey. Article content “Though growth in economic activity was generally small, expectations for growth rose moderately across most geographies and sectors,” […]
Article content (Bloomberg) — Federal Reserve Governor Christopher Waller said he’s inclined to vote for another reduction in interest rates when officials meet later this month, though data due before then could make the case for holding them steady. Article content “At present I lean toward supporting a cut to the policy rate at our […]
Breadcrumb Trail Links PMN Business When Peabody Energy Corp. agreed to buy the coal assets of Anglo American Plc, only one European lender joined the US investment bankers and private credit specialists financing the deal: Deutsche Bank AG. Author of the article: Bloomberg News Natasha White Published Dec 02, 2024 • 4 minute read q98(wk50two8ij7{[toq}w}p_media_dl_1.png […]
Article content (Bloomberg) — Prime Minister Justin Trudeau’s government will step up border enforcement in a “visible and muscular way,” according to a top Canadian official, as the nation tries to avoid tariffs from Donald Trump’s new administration. Article content At a dinner meeting at Trump’s Mar-a-Lago resort on Friday, “we got a mutual understanding […]
Article content (Bloomberg) — Electric bus manufacturer Lion Electric Co. is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders. Article content The Saint-Jerome, Quebec-based company made the announcement after a Saturday deadline to meet its obligations to key creditors […]
Article content (Bloomberg) — Walt Disney Co.’s new Moana 2 brought in ticket sales of $221 million in the US and Canada over its five-day Thanksgiving weekend, shattering the record held by the company’s Frozen 2 since 2019. Article content The performance of Moana 2, an animated sequel to the 2016 original about a Pacific […]
Breadcrumb Trail Links PMN Business Some of the biggest companies in France now have lower borrowing costs than the sovereign as credit traders fret about fiscal plans that risk toppling the government. Author of the article: Bloomberg News Tasos Vossos Published Nov 30, 2024 • 4 minute read hrgvidm5u9}zp2d(og9t]]57_media_dl_1.png Bloomberg Article content (Bloomberg) — Some […]
Article content (Bloomberg) — Donald Trump said Canadian Prime Minister Justin Trudeau committed to working to address the border and fentanyl smuggling, key issues that have led the incoming US president to threaten massive tariffs. Article content Trump, in a Truth Social post on Saturday, called their dinner Friday night at his Mar-a-Lago residence in […]