Breadcrumb Trail Links PMN Business Hello, it’s been a scorching week, both literally and in markets. Here’s something to help you catch up while you try and cool off. Author of the article: Bloomberg News Shiyin Chen Published Jul 29, 2023 • 3 minute read Join the conversation 4r)d6tvm5[(o6k211qnga5xv_media_dl_1.png Source: Climate Central Article content (Bloomberg) — […]
Article content (Bloomberg) — Dockworkers on Canada’s west coast raised the possibility of a renewed labor disruption at the country’s busiest port after rejecting a negotiated contract for the second time this month. Article content Members of the International Longshore & Warehouse Union turned down a deal that would have raised wages by 19.2% over […]
Article content (Bloomberg) — Canadian National Railway Co. cut its earning outlook for 2023 because of weakening demand for consumer goods and other products, another clear signal that the economy is slowing. Article content The railway expects earnings per share will be flat or slightly down this year compared with 2022. In April, it said […]
Article content (Bloomberg) — BC Partners has agreed to sell a minority stake in PetSmart to Apollo Global Management Inc., having shelved plans to take the North American pet retailer public last year. Article content London-based BC Partners will retain a majority holding in PetSmart alongside Singaporean sovereign fund GIC Pte and the company’s management, […]
Breadcrumb Trail Links PMN Business Cinemas finally have something to celebrate. Author of the article: Bloomberg News Thomas Buckley Published Jul 23, 2023 • 3 minute read Join the conversation mw({sfd{fnbcsct5nhtjdc0e_media_dl_1.png Source: Comscore Inc. Article content (Bloomberg) — Cinemas finally have something to celebrate. Advertisement 2 Story continues below This advertisement has not loaded yet, […]
Breadcrumb Trail Links PMN Business The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around. Author of the article: Bloomberg News Lorretta Chen Published Jul 15, 2023 • 4 minute read Join the conversation pz{onl6at)}zvievie6dl}bi_media_dl_1.png Source: […]
Breadcrumb Trail Links PMN Business China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture. Author of the article: Bloomberg News Nasreen Seria Published Jul 15, 2023 • 6 minute read Join the conversation oqkaide(wl{(rxz7e3cot{rs_media_dl_1.png Source: Office for National Stat Article content (Bloomberg) — […]
Article content (Bloomberg) — Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. Article content About 900 active fires were reported as of Saturday, most of which remain out of control, according to […]
Breadcrumb Trail Links PMN Business The corporate bond market seems surprisingly blase about the risk of an economic downturn now. Author of the article: Bloomberg News Neil Callanan, James Crombie and Olivia Raimonde Published Jul 08, 2023 • 3 minute read Join the conversation pf0)k[7prrp7ts{cus77sk31_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — The corporate bond market […]
Breadcrumb Trail Links PMN Business Inflation in the US likely continued to soften in June but a key measure of underlying price pressures is still running at an uncomfortable pace that keeps the Federal Reserve tilted toward resuming interest-rate hikes this month. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jul […]