Breadcrumb Trail Links PMN Business The Democratic Alliance, South Africa’s main opposition party, predicted it can topple the African National Congress in this year’s election and said that it has a plan to end power cuts and turn the struggling economy around within five years if it does. Author of the article: Bloomberg News S’thembile […]
Article content (Bloomberg) — Turkey canceled the environmental licenses of a gold mine operated by a unit of SSR Mining Inc. in eastern Turkey after a landslide this week left nine workers trapped under the rubble. The nation’s environmental ministry ended the miner’s environmental permissions and licenses, according to a statement. Article content The move […]
Article content (Bloomberg) — Canadians bought up a record amount of foreign securities at the end of last year as investors piled into US stocks. Investment in securities outside the country hit C$29.4 billion ($21.8 billion) in December, according to data released Friday by Statistics Canada. That’s the largest net outflow of purchases into foreign […]
Article content (Bloomberg) — Canadians are skeptical of Prime Minister Justin Trudeau’s ability to negotiate with Donald Trump if the former US president returns to power, a new poll found. Only 28% named Trudeau as the political leader who would do the best job of dealing with Trump, even though the Canadian prime minister has […]
Article content (Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation data for a few months would still be consistent with a path back to the central bank’s 2% goal. “Rate cuts should be tied to confidence in being on a path toward the target,” Goolsbee said in prepared remarks […]
Article content (Bloomberg) — Canadian home sales rose for the second month, with buyers rushing back into the market as speculation builds that prices will rise if the Bank of Canada lowers interest rates later this year. The number of homes that traded hands rose 3.7% in January from the month before, according to data […]
Article content (Bloomberg) — Coal India Ltd. posted a record quarterly profit that beat estimates as buyers of the fossil fuel boosted stockpiles before the summer demand season. Coal use in India, the world’s No. 3 polluter, is climbing as power consumption grows and Prime Minister Narendra Modi’s government prioritizes domestic fuel sources to bolster […]
Article content (Bloomberg) — The European Union hashed out a preliminary agreement on fiscal reform that will aim to reduce debt and protect investment in key areas such as defense and the green transition. The political deal will introduce a gradual fiscal adjustment path for nations whose government debt exceeds 60% of gross domestic product […]
Breadcrumb Trail Links PMN Business The OECD expects global inflation to recede faster in most economies compared to its previous estimates, but urged central bankers to stay alert as it’s too soon to declare victory. Author of the article: Bloomberg News Molly Smith and Vince Golle Published Feb 10, 2024 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business An ugly row with the family of a murdered teenager and an on-air bet about deporting asylum-seekers summed up another week to forget for Rishi Sunak as time ticks down to a UK election. Within days, he may be adding a recession, higher inflation and the loss of two Parliament […]