Article content (Bloomberg) — Partners at the UK arm of accounting giant PricewaterhouseCoopers LLP will see their pay drop below £1 million ($1.27 million) this year, as it reported a decline in profit. PwC will pay its UK partners an average of £906,000 for the latest financial year, less than the record £1.02 million its […]
Article content (Bloomberg) — BHP Group Ltd., the world’s biggest miner, missed analysts’ forecasts as its full-year profit slumped, with China’s struggling economy weighing on demand for iron ore and other commodities. Twelve months after posting its highest-ever profit as prices soared, the deteriorating economic outlook in the world’s biggest metals consumer has seen BHP’s […]
Article content (Bloomberg) — Woodside Energy Group Ltd., Australia’s biggest oil and gas producer, said first-half profits rose as record output from its expanded portfolio helped to offset a downturn in oil and gas prices. Underlying earnings rose 4% to $1.9 billion in the six months to June 30, the Perth-based producer said Tuesday in […]
Breadcrumb Trail Links PMN Business The biggest agricultural trader in the world turns to an old-tech solution as commercial shipping looks for ways to clean up its act. Author of the article: Bloomberg News Jack Wittels and Gerson Freitas Jr Published Aug 20, 2023 • 4 minute read Join the conversation wxjw2m9pk}05uk[aao8rv3br_media_dl_1.png Source: DNV using S&P […]
Breadcrumb Trail Links PMN Business When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, and the state’s largest utility was driven into bankruptcy. Author […]
Article content (Bloomberg) — Japan’s consumer inflation slowed in July in line with the central bank’s view that price growth has peaked, an outcome that supports its case for retaining a stimulative policy stance. Consumer prices excluding fresh food rose 3.1% from a year ago, decelerating from 3.3% in the previous month, the internal […]
Breadcrumb Trail Links PMN Business North Dakota Governor and long-shot Republican presidential candidate Doug Burgum said the massive stimulus from the $1.2 trillion infrastructure package that President Joe Biden signed will far outstrip the ability of the US Federal Reserve to curb inflation through higher interest rates. Author of the article: Bloomberg News Gregory Korte […]
Breadcrumb Trail Links PMN Business Shares in Asia are primed for declines Thursday after a selloff in US stocks and bonds following hawkish comments in minutes of the Federal Reserve’s last meeting. Author of the article: Bloomberg News Richard Henderson Published Aug 16, 2023 • Last updated 19 minutes ago • 3 minute read Join the […]
Breadcrumb Trail Links PMN Business The energy think tank says the Australia’s largest pure-play coal producer is underestimating its methane emissions from mining. Author of the article: Bloomberg News Aaron Clark Published Aug 16, 2023 • 2 minute read Join the conversation An excavator at a working coal mine in the Port of Newcastle. Photographer: […]
Breadcrumb Trail Links PMN Business The Philippine central bank is widely expected to keep its policy rate steady for a third straight meeting after economic growth sputtered while the peso slumped and rice prices rose. Author of the article: Bloomberg News Andreo Calonzo and Ditas Lopez Published Aug 16, 2023 • 3 minute read Join […]