Article content (Bloomberg) — Ocado Group Plc shares surged as the provider of robotic warehouses narrowed its losses, even after delays from some key customers. The British company nearly halved its pretax loss for the first half of the year to £154 million ($200 million), a better result than analysts expected, and said cash flow […]
Breadcrumb Trail Links PMN Business Canadian Finance Minister Chrystia Freeland denied that there’s growing friction between her office and that of Prime Minister Justin Trudeau. Author of the article: Bloomberg News Brian Platt Published Jul 12, 2024 • 3 minute read Chrystia Freeland, Canada’s deputy prime minister and finance minister, during an interview in New […]
Article content (Bloomberg) — Two units of Singapore-based Royal Golden Eagle, owned by Indonesian tycoon Sukanto Tanoto, are in the midst of obtaining sustainability-linked loans as the group aims to shift its fundraising to environmentally-friendly options. The firm’s palm oil unit, Apical Group, is in discussions with lenders for financing that comes with commitments from […]
Breadcrumb Trail Links PMN Business The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jun 22, 2024 • […]
Article content (Bloomberg) — James K. Irving, the Canadian billionaire who expanded his family’s forest products business into a conglomerate and founded a record tree-planting program, has died. He was 96. Irving died in Saint John, New Brunswick, his family announced on Friday. He is survived by four children, Jim, Robert, Mary-Jean and Judith, 14 […]
Breadcrumb Trail Links PMN Business Australia’s central bank kept interest rates at a 12-year high and highlighted that inflation is proving sticky, suggesting it will be some time before policymakers are ready to signal easing. Author of the article: Bloomberg News Swati Pandey Published Jun 18, 2024 • 3 minute read 0fvy2kn2h0awrh[[}ejv[sz)_media_dl_1.png ABS, UK Office […]
Article content (Bloomberg) — They couldn’t be farther apart in the family photo of Group of Seven leaders, nor in real life. Brazil’s Luiz Inacio Lula da Silva and Argentina’s Javier Milei crossed paths for the first time on Friday at the G-7 summit in Italy, part of a diverse cast of characters brought together […]
Article content (Bloomberg) — The sky is calling. With the total solar eclipse in North America, geomagnetic storms making the northern lights visible in unexpected US locations from Alabama to California, plus an aurora borealis that’s predicted to be at its most active now until 2026, travelers are increasingly taking inspiration from what feel like once-in-a-lifetime natural phenomena. Some […]
Breadcrumb Trail Links PMN Business The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Author of the article: Bloomberg News Irina Anghel Published Jun 12, 2024 • 3 minute read tqb2hct0r9sc886fk2lhnkid_media_dl_1.png […]
Breadcrumb Trail Links PMN Business Indian Prime Minister Narendra Modi’s new cabinet will see the return of several old faces from his earlier administration, although there’s no clarity on the positions they’ll hold, including the key finance post. Author of the article: Bloomberg News Ruchi Bhatia, Shruti Srivastava and Swati Gupta Published Jun 10, 2024 […]