Article content (Bloomberg) — Turkish inflation probably exceeded 60% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes. The pace of annual price gains accelerated to near 62% last month from almost 59% in August, according to the median forecast in a Bloomberg poll […]
Article content (Bloomberg) — Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $88 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders […]
Article content (Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, […]
Article content (Bloomberg) — PT Barito Renewables Energy, owned by Indonesian billionaire Prajogo Pangestu, is poised to raise 3.13 trillion rupiah ($203 million) through an initial public offering in Jakarta, according to a statement published on Monday. The company, which has Pangestu’s energy firm PT Barito Pacific as its main shareholder, priced the shares at […]
Article content (Bloomberg) — The slump in South Korean exports eased further in September in a positive sign for an economy that depends heavily on trade. Shipments adjusted for working-day differences decreased 2.1% from a year earlier, the customs office said Sunday. Headline exports fell 4.4% in September, compared with a 8.3% drop in the […]
Breadcrumb Trail Links PMN Business Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 30, 2023 • Last updated 2 minutes ago • 6 minute read Join […]
Article content (Bloomberg) — Oil edged higher after dropping the most in eight weeks on technical resistance and speculation Saudi Arabia will start restoring output if prices get too high. West Texas Intermediate was relatively subdued after a rollercoaster session on Thursday, when it rose above $95 a barrel before closing down 2.1%. Futures are […]
Article content (Bloomberg) — Oil rose as a tightening market outweighed gains in the dollar and a broader risk-off tone driven by the outlook for higher interest rates. West Texas Intermediate advanced to near $91 a barrel after ending 0.8% higher on Tuesday. The premium for near-term US barrels is near the highest in more […]
Article content (Bloomberg) — Indonesia opened its first carbon exchange as part of a bid to cap emissions and reap the benefits of keeping its tropical forests intact. The bourse, operated by the Indonesia Stock Exchange, saw 13 transactions covering 459,914 tons of carbon dioxide equivalent on its debut on Tuesday, according to a presentation […]
Breadcrumb Trail Links PMN Business China is considering compensating utilities for all the coal-fired power they’ve built, including plants that are likely to sit idle as Beijing accelerates its transition to clean energy. Author of the article: Bloomberg News Bloomberg News Published Sep 25, 2023 • 3 minute read Join the conversation e3iq3v0drf1odjwungpv4v8s_media_dl_1.png National Bureau […]