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 […]
Breadcrumb Trail Links PMN Business Japan’s households cut spending again as sticky inflation weighed on sentiment and government subsidies capped costs for utilities, with policymakers looking for historic wage hikes to be a catalyst for a recovery in coming months. Author of the article: Bloomberg News Yoshiaki Nohara Published May 09, 2024 • 3 minute […]
Article content (Bloomberg) — Oil edged higher after a mixed snapshot of US inventories that included an unexpected drop in nationwide crude holdings. Brent crude rose toward $84 a barrel after climbing by 0.5% in the previous session, with West Texas Intermediate above $79. Overall stockpiles of crude declined by 1.36 million barrels last week, […]
Article content (Bloomberg) — Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida. “Foreign exchange rates make a significant impact on the economy and inflation,” Ueda […]
Article content (Bloomberg) — Oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus. Brent dipped below $83 a barrel, after dropping to the lowest since March 13 on Tuesday, while West Texas Intermediate declined toward $78. Crude stockpiles at the […]
Article content (Bloomberg) — Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war began. More than 2 million barrels of Russian naphtha, a building block for plastics, have been […]
Article content (Bloomberg) — Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets. Global benchmark Brent rose toward $84 a barrel after a 0.5% gain on Monday, while West Texas Intermediate was […]
Article content (Bloomberg) — The pace of merger and acquisitions is picking up as global markets’ confidence returns and the path for interest rates becomes clearer, Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said. Opening the bank’s Australian investment conference in Sydney, Wikramanayake was upbeat about the economic and investment outlook. She told delegates […]