Article content (Bloomberg) — Argentina’s inflation sped up more than expected in January as price controls prove ineffective, further complicating the government’s strategy ahead of presidential elections later this year. Article content Consumer prices rose 98.8% from a year earlier, more than the 98.6% median forecast from economists in a Bloomberg survey. Prices gained […]
Article content (Bloomberg) — The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June. Article content The non-emergency sale will amount to 26 million barrels of crude, according to people familiar with the matter, and is part the congressionally mandated sale lawmakers […]
Breadcrumb Trail Links PMN Business ChatGPT has taken the internet by storm, triggering a new wave of speculation surrounding how artificial intelligence can disrupt various industries and markets. Yet AI has already been at work for years on Wall Street, where State Street and other companies have grasped onto the concept to help put together […]
Breadcrumb Trail Links PMN Business A coalition of climate groups and academics is asking Finance Minister Chrystia Freeland to exclude projects derived from fossil fuels from the Canadian government’s hydrogen production tax incentive. Author of the article: Bloomberg News Brian Platt Published Feb 09, 2023 • 2 minute read Join the conversation Chrystia Freeland, right, […]
Article content (Bloomberg) — Solar power equipment maker Nextracker Inc. rose as much as 29% in its trading debut after raising $638 million in the biggest US initial public offering of the year. Article content Nextracker sold 26.6 million shares for $24 apiece in the upsized listing, after earlier marketing about 23 million shares for […]
Breadcrumb Trail Links Oil & Gas News Energy Commodities Latest of the Big Oil companies to report bumper profits Author of the article: The Associated Press Kelvin Chan Published Feb 02, 2023 • 3 minute read Join the conversation Global energy giant Shell reported on Feb. 2 that its annual profits doubled to a record […]
Breadcrumb Trail Links PMN Business (Bloomberg) — Chancellor of the Exchequer Jeremy Hunt told UK cabinet colleagues that getting inflation below 5% this year will be difficult, insisting the government has to hold the line on fiscal discipline at his budget in March. Author of the article: Bloomberg News Alex Wickham Published Jan 27, 2023 […]
Article content (Bloomberg) — Legislation that would tie the release of oil from US emergency stockpiles to more federal oil and gas production was passed by the House, as Republicans use their majority to highlight the Biden administration’s historic drawdown from the Strategic Petroleum Reserve. Article content The Strategic Production Response Act, which was approved […]
Breadcrumb Trail Links PMN Business Australian central bank chief Philip Lowe’s prospects for an extension of his role are far from clear-cut, according to economists, with some highlighting political hurdles to his reappointment. Author of the article: Bloomberg News Swati Pandey Published Jan 22, 2023 • 3 minute read Join the conversation e7tzs}tp7rz2b8dwhcwfg(nx_media_dl_1.png Bloomberg RSS […]
Breadcrumb Trail Links PMN Business Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies to make them more climate friendly. Author of the article: Bloomberg News Ania Nussbaum, Samy Adghirni and Michael Nienaber […]