Article content (Bloomberg) — Oil extended an upswing as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero. Global benchmark Brent advanced above $94 a barrel after a three-week run of gains that boosted prices […]
Breadcrumb Trail Links PMN Business How long can the world’s borrowers hold on as higher interest rates bite? Author of the article: Bloomberg News Lucy White, Catarina Saraiva and Swati Pandey Published Sep 17, 2023 • 6 minute read Join the conversation dp}y{y8]peyjmz2xl]r){k{7_media_dl_1.png Source: Office for National Stat Article content (Bloomberg) — Ligaya Kelly worries her […]
Breadcrumb Trail Links PMN Business Asian equities retreated following tech-led declines on Wall Street as investors looked ahead to a week that includes Federal Reserve and Bank of Japan meetings. Author of the article: Bloomberg News Tassia Sipahutar and Toby Alder Published Sep 17, 2023 • Last updated 45 minutes ago • 4 minute read Join […]
Breadcrumb Trail Links PMN Business Commodity trading giant Trafigura Group has been exploring a range of potential deals involving its metals business, as it grapples with the unit’s future following a string of missteps. Author of the article: Bloomberg News Jack Farchy, Dinesh Nair, Alfred Cang and Archie Hunter Published Sep 16, 2023 • 3 […]
Breadcrumb Trail Links PMN Business Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors is placing bets on the economy hitting a wall — and a sharp policy reversal in short order. Author of the article: Bloomberg News Michael Mackenzie and Edward Bolingbroke […]
Breadcrumb Trail Links PMN Business A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world. Author of the article: Bloomberg News Jeanny Yu and Charlotte Yang Published Sep 15, 2023 • 4 minute read Join the conversation […]
Article content (Bloomberg) — Oil headed for a third weekly gain as the market continued to tighten on the back of supply curbs from Saudi Arabia and Russia. West Texas Intermediate advanced on Friday after crossing the $90 a barrel mark for the first time since November on Thursday. The International Energy Agency and Organization […]
Article content (Bloomberg) — Taiwan’s stock exchange is focusing on attracting a new crop of innovation and technology companies in an effort to build investor interest and diversify the country’s equity market, according to the head of the exchange. Trading on the Taiwan Stock Exchange TWSE is dominated by Taiwan Semiconductor Manufacturing Co., which accounts […]
Article content (Bloomberg) — David McCormick, the former Bridgewater Associates chief executive officer, will likely seek the Republican nomination for US Senate in Pennsylvania, the Associated Press reported Thursday. He would be looking to take the seat now held by Bob Casey, a three-term Democrat and son of a former governor, as Republicans aim to […]
Article content (Bloomberg) — Liquefied natural gas workers at key Chevron Corp. sites in Western Australia have begun ramping up a campaign of industrial action in a dispute that has roiled global energy markets. Staff started a program of escalated action Thursday after beginning partial strikes on Sept. 8, a union official confirmed. Chevron has […]