Article content (Bloomberg) — BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management, according to people familiar with the matter. Article content In a […]
Article content (Bloomberg) — Indonesia will channel $20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday. Article content The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food […]
Breadcrumb Trail Links PMN Business The Bank of Korea is widely expected to resume its easing cycle this week in the absence of early fiscal stimulus, supporting the economy against Donald Trump’s tariff war that has already weighed on business and consumer confidence dented by political turmoil. Author of the article: Bloomberg News Sam Kim […]
Breadcrumb Trail Links PMN Business The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival. Author of the article: Bloomberg News Bloomberg News Published Feb 23, 2025 • Last updated 16 minutes […]
Breadcrumb Trail Links PMN Business The Trump administration began sending emails to more than 2 million federal workers on Saturday, asking them to report on what they did last week or be forced to resign. Author of the article: Bloomberg News Gregory Korte and Victoria Cavaliere Published Feb 22, 2025 • Last updated 5 hours ago […]
Breadcrumb Trail Links PMN Business President Donald Trump told Republican governors that implementing his agenda was key to their own political futures, arguing that embracing it could mitigate or even prevent losses in the midterm elections. Author of the article: Bloomberg News Stephanie Lai and Akayla Gardner Published Feb 20, 2025 • 3 minute read […]
Article content (Bloomberg) — South Korea has scaled down its plans for nuclear power after the impeachment of President Yoon Suk Yeol, an atomic energy advocate, gave the opposition party greater influence over the country’s long-term energy policy. Article content The Asian nation expects to add a total of 3.5 gigawatts of nuclear capacity […]
Article content (Bloomberg) — Vietnam and India are among fast-growing Asian steel producers at risk of being hurt if President Donald Trump goes ahead with blanket tariffs on all US imports of the metal. Article content The global steel industry is braced for the impact of Trump’s planned 25% levies, due to start on March […]
Breadcrumb Trail Links PMN Business BHP Group Ltd. said first-half profit slumped 23% as China’s faltering economy dampened demand for iron ore, prompting the miner to cut its interim dividend to an eight-year low. Author of the article: Bloomberg News Paul-Alain Hunt Published Feb 17, 2025 • 3 minute read The BHP Group Ltd. logo […]
Article content (Bloomberg) — Federal Reserve Governor Christopher Waller said recent economic data support keeping interest rates on hold, but if inflation behaves as it did in 2024, policymakers can get back to cutting “at some point this year.” Article content “If this wintertime lull in progress is temporary, as it was last year, then […]