Breadcrumb Trail Links PMN Business Author of the article: Reuters Bernardo Caram and Rodrigo Viga Gaier and Sabrina Valle Article content BRASILIA — Brazil’s newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras if he pushes to remove import costs from the state-run oil company’s fuel price calculations, according to people […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Publishing date: May 17, 2022 • 13 minutes ago • 1 minute read • Join the conversation Article content Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Michelle Nichols Article content UNITED NATIONS — The United States supports efforts by U.N. Secretary-General Antonio Guterres to get Ukrainian grain back into the international marketplace amid the war, the U.S. ambassador to the United Nations said on Monday. “He has spoken to us about […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Herbert Lash Article content NEW YORK — U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note’s yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes. […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ross Kerber and Simon Jessop Publishing date: May 16, 2022 • 14 minutes ago • 4 minute read • Join the conversation Article content BOSTON/LONDON — Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run […]
Article content NEW YORK — Tiger Global Management, Winslow Capital Management, and Scopus Asset Management were among funds that sold all of their shares of streaming company Netflix Inc before the company reported its first loss of subscribers in over a decade in March, according to securities fillings released Monday. The move away from Netflix, […]
Article content Donerail Group is close to reaching a settlement with Turtle Beach Corp that will give the activist investment firm representatives on the U.S. gaming gear company’s board of directors, people familiar with the matter said on Sunday. Donerail, which has beneficial ownership of 7.4% of Turtle Beach’s outstanding shares, has criticized the maker […]
Article content CAIRO — Egypt outlined on Sunday a wide array of state assets that it will offer to private investors, part of a government plan to fully withdraw from certain sectors of the economy as it seeks to attract $40 billion in investment over the next four years. Egyptian Prime Minister Moustafa Madbouly said […]
Article content CAIRO — Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister […]
Article content India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday. Asia’s richest person Gautam Adani’s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC […]