Breadcrumb Trail Links PMN Business The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. Author of the article: Bloomberg News Anthony Di Paola Published Sep 12, 2023 • 3 minute […]
Breadcrumb Trail Links PMN Business Welcome to the world of China’s lithium auctions, where vast numbers of bids are placed, firms end up spending over a thousand times the opening price, and buyers promising hundreds of millions of dollars have walked without paying. Author of the article: Bloomberg News Annie Lee Published Sep 12, 2023 […]
Breadcrumb Trail Links PMN Business The abrupt resignation of BP chief Bernard Looney marks the loss of an executive who pushed for a transition to clean energy more aggressively than any of his industry peers, with mixed results. Author of the article: Bloomberg News Laura Hurst Published Sep 12, 2023 • 4 minute read Join […]
Article content (Bloomberg) — South Korean battery maker LG Energy Solution Ltd. is considering an expansion of its production in the US in a bid to triple sales from energy storage systems, according to a senior executive. LG is reviewing further investment in the US, after unveiling a $2.3 billion spending plan in March to […]
Article content (Bloomberg) — Oil declined after rallying almost 10% over the past two weeks, with technical indicators suggesting recent gains may have been overdone. West Texas Intermediate fell below $87 a barrel after a 2.3% advance last week. Technical gauges including the relative strength index suggest futures remain overbought. Oil has surged by almost […]
Breadcrumb Trail Links PMN Business Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast. Author of the article: Bloomberg News Monica Raymunt, William Wilkes and Stefan Nicola Published Sep 10, 2023 • 9 minute read Join the conversation Article content (Bloomberg) — Shortly after taking the most important job in German […]
Article content (Bloomberg) — Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to an […]
Breadcrumb Trail Links PMN Business Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy system, as extreme heat becomes a threat to fuel supply. Author of the article: Bloomberg News Serene Cheong, Sharon Cho and Yongchang Chin Published Sep 09, 2023 • 3 minute […]
Article content (Bloomberg) — Prime Minister Rishi Sunak said British welfare claimants saw a “huge” rise in their benefits this year, and signalled that real-terms cut could be on the cards ahead of the general election. Sunak said he wanted to “reassure families” who receive benefits that he was “always going to make sure that […]
Article content (Bloomberg) — Mexican opposition presidential candidate Xochitl Galvez said she doesn’t plan to privatize the state-owned oil company Petroleos Mexicanos, contradicting recent comments by President Andres Manuel Lopez Obrador. Galvez said she also won’t privatize the utility Comision Federal de Electricidad. Her plan is to modernize both companies and protect the planet with […]