Article content (Bloomberg) — EON SE is exploring a sale of a UK unit supplying energy to large businesses, people with knowledge of the matter said, becoming the latest power company to seek an exit from a sector generating slim returns. Article content The German group is working with advisers to gauge buyer interest in […]
Breadcrumb Trail Links PMN Business High global borrowing costs are postponing construction of the $3 billion mill at the center of a massive wood-pulp project in Paraguay. Author of the article: Bloomberg News Ken Parks Published May 13, 2023 • 2 minute read Join the conversation Article content (Bloomberg) — High global borrowing costs are […]
Breadcrumb Trail Links PMN Business The European Union offered closer political and investment ties to some 20 countries from across the Indo-Pacific region, as the bloc seeks more influence despite ever-growing Chinese and US ambitions. Author of the article: Bloomberg News Ania Nussbaum and Niclas Rolander Published May 13, 2023 • 3 minute read Join […]
Breadcrumb Trail Links PMN Business In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel holdings. Author of the article: Bloomberg News Saijel Kishan and Martin Z. Braun Published May 12, 2023 • 2 minute read Join […]
Article content (Bloomberg) — Redefine Properties Ltd., South Africa’s second-largest real estate investment trust, said an oversupply of offices has kept rents under pressure. The company’s profit plunged 63% to 798.5 million rand ($43.5 million) in the six months ended Feb. 28. Rising interest rates and unprecedented power outages prompted the company to lower its […]
Breadcrumb Trail Links PMN Business Price of groceries has grown 50% faster than overall inflation since 2020 Author of the article: Bloomberg News Mike Dorning Published May 07, 2023 • 6 minute read Join the conversation Melissa Lopes has started going to the Boston Red Cross food pantry once, sometimes twice a week since her benefits were […]
Breadcrumb Trail Links PMN Business Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses. Author of the article: Bloomberg News Max Reyes Published May 06, 2023 • 2 minute read Join the conversation An attendee looks at books during a […]
Breadcrumb Trail Links PMN Business Germany is weighing a reduced power price of 6 cents per kilowatt-hour or less for certain energy-intensive industries to help ease costs after last year’s crisis shook the manufacturing-heavy economy. Author of the article: Bloomberg News Petra Sorge Published May 05, 2023 • 2 minute read Join the conversation Article […]
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Breadcrumb Trail Links PMN Business As the world’s major central banks near the end of their steepest rate-tightening campaign in decades, the harsh lessons of past policy errors will weigh heavily on decisions as to when and where borrowing costs peak. Author of the article: Bloomberg News Jana Randow, Craig Torres and Philip Aldrick Published […]