Article content European shares fell on Tuesday for the first time in three sessions in a broad-based retreat, with some declines being offset after commentary from U.S. Federal Reserve Chair Jerome Powell and gains in shares of German drugmaker Bayer. The pan-European STOXX 600 closed 0.6% lower, after hitting its highest level in eight months […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Amruta Khandekar and Ankika Biswas Published Jan 09, 2023 • 2 minute read Join the conversation Article content The Nasdaq rose more than 2% on Monday with Big Tech and growth stocks spearheading gains as recent signs of a cooling labor market supported […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Liz Hampton and Mrinalika Roy Published Jan 05, 2023 • 2 minute read Join the conversation Article content The Organization of the Petroleum Exporting Countries (OPEC) will likely take steps to boost oil prices, which started the year in free-fall, the chief executive […]
Article content PARIS, Jan 4 (Reuters) – Car maker Stellantis will help build Archer Aviation’s electric aircraft Midnight eVTOL and increase its stake in the U.S. company, the two firms said on Wednesday. Article content Industrial firms and new startups are flocking to invest in air taxis, which can take off and land vertically to […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Bansari Mayur Kamdar Published Jan 02, 2023 • 2 minute read Join the conversation Article content The Brazilian real fell in the first trading session of the year after Luiz Inacio Lula da Silva was Financial Post Top Stories Sign up to receive […]
Article content Canada’s main stock index slipped on Wednesday, as a drop in oil prices knocked energy stocks lower and heavyweight cannabis stocks came under pressure from a report about U.S. regulation of popular cannabis compound CBD. At 10:15 a.m. ET (1515 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 90.97 points, or […]
Article content MOSCOW — Russia’s dominant lender Sberbank will be forced to close its office in the United Arab Emirates (UAE) early next year, First Deputy Chairman Alexander Vedyakhin said on Monday, blaming sanctions pressure. Sweeping Western sanctions targeted Russia’s financial system after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. […]
Article content NEW YORK — Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the G7 price cap on Russian exports, putting the market on track for a second week of gains. Brent crude was up by $2.02, or 2.5%, to $83 a barrel […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Andy Home Published Dec 20, 2022 • 4 minute read Join the conversation Article content LONDON — Where has all the zinc gone? London Metal Exchange (LME) warehouse stocks of the galvanizing metal total 36,525 tonnes, the lowest amount this century. Financial Post […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Lewis Krauskopf Published Dec 18, 2022 • 3 minute read Join the conversation Article content Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal. The S&P 500 banks […]