Breadcrumb Trail Links PMN Business Policymakers on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth. Author of the article: Bloomberg News Molly Smith and Craig Stirling Published Sep 23, 2023 • 6 minute read Join the conversation aw1k3hue1wmnskru52130)td_media_dl_1.png Sources: […]
Breadcrumb Trail Links PMN Business Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates. Author of the article: Bloomberg News Michael Mackenzie, Ye Xie and Liz Capo McCormick […]
Article content (Bloomberg) — Foreign investors sold the most Japanese equities since March 2019 last week as the Topix index reached a fresh multi-decade high. They offloaded a net ¥1.58 trillion ($10.7 billion) of stocks, almost double the amount the previous week, data from the Ministry of Finance showed. Article content “Investors who bought Japanese […]
Article content (Bloomberg) — Japan’s leaders are standing by to address any sharp moves in the yen as the currency remains in focus ahead of the central bank’s policy decision later Friday. While the yen has edged away from the 150 level to the dollar that some analysts see as a trigger for intervention, the […]
Article content (Bloomberg) — Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market. West Texas Intermediate edged toward $90 a barrel on Friday, but was down about 1% […]
Article content (Bloomberg) — China’s booming coal imports include more high-grade cargoes from Australia and Russia, as users offset the worsening quality of coal mined at home with fuel from abroad. Australia’s exports of thermal coal for power plants and coking coal for steelmaking rose to 6.69 million tons last month, the highest since July […]
Article content (Bloomberg) — B.Grimm Group is considering selling a minority stake in its gas-fired power portfolio in Thailand that could be valued at about $2 billion in a deal, according to people familiar with the matter. The oldest conglomerate in Thailand is working with an adviser to identify potential investors for the assets, said […]
Article content (Bloomberg) — Oil fell after a breakneck rally as wider markets held a cautious tone ahead of a Federal Reserve meeting, and crude’s metrics continued to signal that prices may have risen too far, too fast. West Texas Intermediate for November dropped toward $90 a barrel, after closing almost level on Tuesday. Its […]
Article content (Bloomberg) — Oil traded near a 10-month high as the physical market showed fresh signs of tightness driven by supply cuts from OPEC+ leaders. Global benchmark Brent edged toward $95 a barrel, advancing for a fourth straight day. Premiums for physical barrels are surging as refiners struggle to make enough diesel ahead of […]
Breadcrumb Trail Links PMN Business The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come. Author of the article: […]