Tag: energy

Jan 25

US Economy on Solid Footing Set to Back Fed’s Interest-Rate Hold

Breadcrumb Trail Links PMN Business The US economy remained at a comfortable cruising speed in the final stretch of 2024, powered by healthy consumer spending and creating even more separation from its global counterparts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jan 25, 2025  •  6 minute read 7}jn1memu8xl74[ub{3t8kjj_media_dl_1.png Bloomberg […]
Jan 20

Australia Plans $1.2 Billion Credit for Green Aluminum Industry

Article content (Bloomberg) — Australia will introduce a new green aluminum production credit to assist aluminum smelters to switch to renewable electricity by 2036, the latest move by the center-left Labor government to bolster investment in domestic manufacturing. Article content Prime Minister Anthony Albanese announced the outlay on Monday, saying it would cost about A$2 […]
Jan 19

Asian Stocks Advance as Trump and Xi Discuss Trade: Markets Wrap

Breadcrumb Trail Links PMN Business Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. Author of the article: Bloomberg News Catherine Bosley and Matthew Burgess Published Jan 19, 2025  •  Last updated 29 minutes ago  •  4 […]
Jan 17

Oil Heads for Fourth Weekly Advance as Market Girds for Trump

Article content (Bloomberg) — Oil headed for a fourth straight weekly gain ahead of President-elect Donald Trump’s second term, with traders seeking clarity on far-reaching sanctions and trade policies. Article content West Texas Intermediate traded below $79 a barrel, up about 3% this week, while Brent closed above $81. Trump’s advisers are crafting a wide-ranging […]
Jan 16

China Heads for Trump Showdown With Yuan, Stocks Under Threat

Breadcrumb Trail Links PMN Business For investors in China, fighting another trade war with the US will feel like anything but been there and done that. Author of the article: Bloomberg News Bloomberg News Published Jan 16, 2025  •  4 minute read k3jag6kaiwvy41l5ift3t9iz_media_dl_1.png Bloomberg Article content (Bloomberg) — For investors in China, fighting another trade […]