Article content (Bloomberg) — French President Emmanuel Macron delivered a pessimistic outlook for the European Union, warning that lack of investment and too much regulation would make the bloc uncompetitive. Speaking at the Berlin Global Dialogue, Macron said Washington and Beijing outstrip the EU in both economic output and investment, and Europe won’t be able […]
Breadcrumb Trail Links PMN Business Power Sustainable, an investment firm controlled by Canada’s billionaire Desmarais family, tapped Bruce Heyman as its chief executive officer with a mandate to attract more capital from global institutional investors. Author of the article: Bloomberg News Mathieu Dion Published Oct 02, 2024 • 2 minute read Bruce Heyman, right, and […]
Article content (Bloomberg) — OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group after an online monitoring meeting on Wednesday didn’t announce any alterations. Led by Saudi Arabia and Russia, OPEC+ plans a series […]
Breadcrumb Trail Links PMN Business Derek Kaufman, a former global head of fixed-income trading at hedge fund Citadel Securities, is starting an effort to try to break through the divisiveness in US politics. Author of the article: Bloomberg News Saijel Kishan Published Oct 01, 2024 • 3 minute read Article content (Bloomberg) — Derek Kaufman, […]
Article content (Bloomberg) — China’s world-leading clean energy companies are investing more abroad amid fierce domestic competition and trade tensions with rivals like the US, according to a report by Climate Energy Finance. From solar farms and battery factories to hydroelectric dams and transmission lines, Chinese firms have announced plans for an estimated $100 billion […]
Article content (Bloomberg) — A Russian liquefied natural gas carrier sanctioned by the US is currently heading to potential buyers in North Asia after sailing thousands of miles through the Arctic Ocean. Asya Energy passed the southern tip of the Kamchatka Peninsula in Russia’s Far East, carrying a shipment from the Arctic LNG 2 plant. […]
Article content (Bloomberg) — Libya is preparing to restore oil production as two rival governments in the North African country overcame differences that caused the flow of petroleum to be halted or disrupted last month. The nation’s oil sector is expected to receive orders to resume output in the coming hours and should start doing […]
Article content (Bloomberg) — Australia posted back-to-back budget surpluses for the first time in 16 years. The underlying cash surplus was A$15.8 billion ($10.9 billion) in the 12 months through June 30 this year, or 0.6% of gross domestic product, according to the Treasurer’s office. That exceeded a A$9.3 billion windfall predicted in the May […]
Breadcrumb Trail Links PMN Business Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already bracing for a shutdown. Author of the article: Bloomberg News Laura Curtis and Josh Wingrove Published Sep 29, 2024 • 5 […]
Breadcrumb Trail Links PMN Business Six of the seven battleground states expected to decide this year’s US presidential election saw faster growth than the US economy as a whole in the second quarter, adding to recent tailwinds for Vice President Kamala Harris close to a month out from the vote. Author of the article: Bloomberg […]