Breadcrumb Trail Links PMN Business President Andres Manuel Lopez Obrador’s big projects are a driving force behind the Mexican government’s plans to boost spending and widen the budget gap in 2024, consolidating his legacy before the next presidential election. Author of the article: Bloomberg News Alex Vasquez Published Sep 09, 2023 • 3 minute read […]
Article content (Bloomberg) — China’s deflationary pressures eased slightly in August as consumer prices rose and producer price declines moderated, adding to signs the worst may be over for some parts of the economy. The consumer price index rose 0.1% last month from a year earlier, the National Bureau of Statistics said Saturday. The increase […]
Breadcrumb Trail Links PMN Business As the world’s most powerful leaders descend on New Delhi for the Group of 20 summit, India is pulling out all the stops, deploying fighter jets around the capital, painting murals on underpasses and chasing away packs of monkeys from government buildings. Author of the article: Bloomberg News Ruchi Bhatia […]
Breadcrumb Trail Links PMN Business China’s new premier is taking his first steps into the global spotlight this week, in part thanks to President Xi Jinping’s surprise snub of a key gathering of world leaders in India. Author of the article: Bloomberg News Bloomberg News Published Sep 05, 2023 • 4 minute read Join the […]
Article content (Bloomberg) — Oil held near the highest since November after OPEC+ leaders Saudi Arabia and Russia announced that they would extend supply curbs through the end of the year, tightening the global market. West Texas Intermediate traded near $87 a barrel after the twin announcements on Tuesday, which drove a 1.3% gain. While […]
Article content (Bloomberg) — Africa may need an almost tenfold increase in climate adaptation funding to $100 billion a year if it’s to buttress its infrastructure, improve weather early warning systems and shield its agriculture from climate change, the Global Center on Adaptation said. Current adaptation finance flows of about $11 billion a year in […]
Article content (Bloomberg) — Oil traded near the highest level this year after a surge driven by supply cuts from OPEC+ that have tightened the market. Global benchmark Brent was little changed below $89 a barrel after a five-day advance that lifted futures by more than 5%. US crude counterpart West Texas Intermediate, meanwhile, held […]
Article content (Bloomberg) — China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant in […]
Breadcrumb Trail Links PMN Business The South Korean government started marketing its first-ever Samurai bond Monday, in the latest sign of how President Yoon Suk Yeol is spearheading a transformation in relations with Japan. Author of the article: Bloomberg News Finbarr Flynn Published Sep 03, 2023 • 2 minute read Join the conversation Article content […]
Article content (Bloomberg) — Asian stocks edged higher as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday. Stocks rose at the open in South Korea and Australia, while holding on to small gains in […]