Breadcrumb Trail Links PMN Business Belgium’s almost unique wage-hike system is being put to the test as spiraling inflation pushes the country’s salaries above its neighbors, threatening its competitiveness. Author of the article: Bloomberg News Lyubov Pronina Article content (Bloomberg) — Belgium’s almost unique wage-hike system is being put to the test as spiraling inflation […]
Article content MUMBAI — Indian Oil Corp plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday. The state-run oil marketing company will offer a yield of 5.78% on these notes, and it has received commitments worth around 5 billion rupees ($62.92 million)so far, the bankers said. The […]
Article content SEOUL — At least eight people died in and around the South Korean capital of Seoul overnight, authorities said on Tuesday, after torrential rain knocked out power, caused landslides and left roads and subways submerged. The southern part of Seoul received more than 100mm (3.9 inches) of rain per hour on late Monday, […]
Breadcrumb Trail Links PMN Business British International Investment Plc will focus its funding in Kenya to companies in three industries critical to the East African nation’s economy. Author of the article: Bloomberg News Eric Ombok and Jennifer Zabasajja qruxohr)wzzefxx}6wbwpt09_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — British International Investment Plc will focus its funding in Kenya […]
Article content MOSCOW (AP) — A Russian rocket on Tuesday successfully launched an Iranian satellite into orbit. The Soyuz rocket lifted off as scheduled at 8:52 a.m. Moscow time (0552 GMT) Tuesday from the Russia-leased Baikonur launch facility in Kazakhstan. About nine minutes after the launch, it placed the Iranian satellite called Khayyam into orbit. […]
Article content Zinc prices in London slipped on Tuesday, as higher inventories in exchange warehouses raised concerns over tepid demand despite prospects of disrupted supply amid an energy crisis. Three-month zinc on the London Metal Exchange was down 0.7% at $3,420.50 a tonne, as of 0540 GMT, retreating from a six-week high scaled on Aug. […]
Article content MUMBAI — India’s NTPC Ltd plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Monday. The state-run power company will offer a yield of 5.79% on this issue, and it has received commitments worth around 15 billion rupees ($188.41 million), they said. The notes are […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Florence Tan Article content SINGAPORE — Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel […]
Article content TOKYO — Japan’s Nikkei index ended at a more than four-month high on Monday, as investors scooped up stocks that reported robust outlook, while caution ahead of the release of U.S. consumer prices report limited gains. The Nikkei share average rose 0.26% to 28,249.24, its highest close since March 29. The index, which […]
Article content ISTANBUL — Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports. The United Nations and Turkey brokered the agreement last month […]