Article content (Bloomberg) — Oil was poised to eke out a modest weekly gain as futures remained in a narrow range, with the outlook for supply and inflation in focus. Brent traded above $83 a barrel after a two-day advance that saw futures add about 1%, while West Texas Intermediate was near $79. Lower US […]
Breadcrumb Trail Links PMN Business Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties. Author of the article: Bloomberg News Bloomberg News Published May 14, 2024 • 3 minute read m}sk3c3e1y08r9b{}eh3mph)_media_dl_1.png Bloomberg News Article content (Bloomberg) — Chinese buyers are temporarily shunning Russian aluminum, as […]
Article content (Bloomberg) — China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21% from the previous year, while coal purchases climbed 13%. The increase in coal in particular has defied […]
Breadcrumb Trail Links PMN Business China released a slew of disappointing economic data over the weekend, headlined by a surprise contraction in credit that adds pressure for authorities to speed up bond sales. Author of the article: Bloomberg News Bloomberg News Published May 12, 2024 • 3 minute read sf12u56}jp15d16w(bl4xdva_media_dl_1.png General Administration of Custom Article […]
Article content (Bloomberg) — The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. is looking to expand its commodities trading team in Singapore, as the industry turns increasingly bullish on copper, aluminum and other metals. The division, which handled about half of China’s silver exports last year, is aiming to […]
Article content (Bloomberg) — Oil declined as weak Chinese data raised concerns about demand, and traders looked ahead to an OPEC+ meeting on supply policy. Brent fell toward $82 a barrel after losing 1.3% on Friday, while West Texas Intermediate was below $78. Poor Chinese credit and inflation data showed the government is struggling to […]
Article content (Bloomberg) — Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said, describing the lucrative market as a “golden opportunity” just days ahead of releasing his annual fiscal blueprint. “The critical minerals space is one of the reasons why there is so much attention from global […]
Article content (Bloomberg) — A new boat the length of a football field, built to help operate US offshore wind farms, will be christened Saturday in New Orleans with Republican and Democratic lawmakers looking on — a show of bipartisan support for an industry that GOP presidential candidate Donald Trump frequently attacks. The 262-foot Eco Edison, bobbing in the muddy […]
Breadcrumb Trail Links PMN Business President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said. Author of the article: Bloomberg News Josh Wingrove, […]
Article content (Bloomberg) — The PGA Tour said Joe Gorder was elected chairman of PGA TOUR Enterprises, its commercial venture that secured up to $3 billion of funding in January from a group of US investors. Gorder, who is executive chairman of Valero Energy Corp., will also sit on a newly formed “transaction subcommittee,” which […]