Breadcrumb Trail Links PMN Business Hedge fund manager Bill Harnisch, who has scored a 29% return this year, credits most of the success to a prescient call on inflation 15 months ago. If his take on consumer prices turns out to be correct again, stocks may go nowhere in coming years. Author of the article: […]
Article content (Bloomberg) — Swiss National Bank President Thomas Jordan has voiced support for Credit Suisse Group AG doing less investment banking, as the lender struggles to recover from billions in losses over the past two years, recent client defections and asset outflows with a strategy revamp. Article content “We appreciate that Credit Suisse is […]
Breadcrumb Trail Links PMN Business Daniel Rice — a serial dealmaker and natural gas mogul — is set to take the reins of a clean-power technology company through a deal with a blank-check firm. Author of the article: Bloomberg News Crystal Tse and Matthew Monks Publishing date: Dec 14, 2022 • 0 minutes ago • 3 […]
Article content (Bloomberg) — After more than 50 years of false starts, nuclear fusion is finally taking a resolute step closer to becoming the world’s newest energy source. The US Department of Energy on Tuesday is slated to announce that scientists at a laboratory in California managed for the first time to generate more electricity […]
Article content (Bloomberg) — Hello. Well, the World Cup’s not coming home just yet. Article content The big letdown: The Three Lions fell short yet again to make it to the semifinals, as defending champions France were too good on the day and England’s tortured relationship with the penalty spot took another painful twist. As Gareth Southgate mulled his future […]
Article content (Bloomberg) — The UK’s move to open its first deep coal mine in more than three decades could make investors nervous about the country’s ambitions to hit clean energy goals. That concern was raised by the senior managing partner of Lombard Odier, Hubert Keller who called the decision “unfortunate.” Article content The green […]
Breadcrumb Trail Links PMN Business US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023. Author of the article: Bloomberg News Reade Pickert Publishing date: Dec 09, 2022 • 0 minutes ago • 2 minute read Join the […]
Article content (Bloomberg) — The performance of the Canadian and Australian dollars this week is a hint of what’s to come for policy makers who don’t keep pace with the Federal Reserve. Article content The loonie fell 1.1% against the US dollar since last Friday even as the Bank of Canada delivered a bigger hike […]
Breadcrumb Trail Links PMN Business The Bank of England’s jumbo rate hike failed to buttress the pound, which extended the biggest slump this week among major currencies as UK policy makers challenged the market’s view on the scale of future increases needed to tame inflation. Author of the article: Bloomberg News Alice Gledhill and Naomi […]
Article content (Bloomberg) — A rare late-year flurry of activity is adding to the boom in Middle Eastern initial public offerings this year, including a tech listing that nearly quadrupled in its debut. Article content Geospatial and data analytics firm Bayanat AI Plc closed 273% above its listing price in Abu Dhabi on Monday, the […]