Breadcrumb Trail Links PMN Business Australia’s interest rate meeting is dividing economists and money markets on whether the Reserve Bank will stand pat to assess the impact of previous tightening or raise again to forestall upside risks to prices. Author of the article: Bloomberg News Swati Pandey Published Jul 02, 2023 • 3 minute read […]
Article content (Bloomberg) — Australian coal exports are set to rise for at least the next three years on growing demand for the dirtiest fossil fuel in India and Southeast Asia, according to a new report from Canberra. Article content Thermal and metallurgical coal shipments — used for power generation and steelmaking, respectively — will […]
Breadcrumb Trail Links PMN Business A strike at Pacific coast ports threatens to disrupt millions of dollars of trade and add inflationary pressures to the Canadian economy. Author of the article: Bloomberg News Randy Thanthong-Knight Published Jul 01, 2023 • 2 minute read Join the conversation The Port of Vancouver and the Vancouver Centerm Terminal […]
Breadcrumb Trail Links PMN Business President Emmanuel Macron postponed a long-planned state visit to Germany as France braces for a potential fifth night of riots and looting triggered by the police killing of a teenager. Author of the article: Bloomberg News Tara Patel Published Jul 01, 2023 • 3 minute read Join the conversation Article […]
Article content (Bloomberg) — Federal Reserve Bank of Chicago President Austan Goolsbee said it’s too soon to say whether policymakers should raise rates or hold them steady in July, but said inflation remains well above target and has proved more persistent than expected. While some measures of inflation have improved, other categories aren’t coming down […]
Breadcrumb Trail Links PMN Business Republicans leading two powerful House committees are accusing Federal Trade Commission Chair Lina Khan of giving “misleading testimony” before Congress in April over her participation in the agency’s Meta Platforms Inc. probe. Author of the article: Bloomberg News Emily Birnbaum and Leah Nylen Published Jun 28, 2023 • 2 minute […]
Article content (Bloomberg) — Smoke from Canadian wildfires will obscure the skies in New York and across the Mid-Atlantic starting Wednesday, just weeks after the blazes blanketed the region in a polluted haze. Article content Air quality could reach unhealthy levels in western and central New York Wednesday into Thursday, Governor Kathy Hochul said in […]
Breadcrumb Trail Links PMN Business The Biden administration on Tuesday outlined its plan for ensuring oil companies have enough money set aside to clean up old offshore platforms, as costs mount for decommissioning decades-old infrastructure in the Gulf of Mexico. Author of the article: Bloomberg News Jennifer A. Dlouhy Published Jun 27, 2023 • 2 […]
Breadcrumb Trail Links PMN Business Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Author of the article: Bloomberg News Lucia Kassai Published Jun 26, 2023 • 2 minute read Join the conversation An oil pump jack at the New Harmony Oil Field in Grayville, Illinois. Photographer: […]
Breadcrumb Trail Links PMN Business Having struggled to reduce its trade reliance on China, New Zealand is now trying to diversify within it. Author of the article: Bloomberg News Matthew Brockett and Tracy Withers Published Jun 25, 2023 • 2 minute read Join the conversation m8yrnqumn08hc84vr{4j5gob_media_dl_1.png Source: Statistics NZ Article content (Bloomberg) — Having struggled […]