Article content LONDON — Euro zone bond yields climbed on Tuesday as investor focus returned to inflation and European Central Bank rate hikes. Investors are still analyzing the potential impact of the announcement from the OPEC+ group of oil-producing countries that it would further slash oil production, which caused oil prices to spike on Monday. […]
Article content LONDON — Copper edged higher on Tuesday as investors bet that demand will rise and the U.S. dollar weakened, making metals priced in the greenback cheaper for buyers with other currencies. The benchmark London Metal Exchange (LME) contract for the metal used in electrical wiring was up 0.4% at $8,950 a tonne at […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Nia Williams Published Apr 03, 2023 • 2 minute read Join the conversation Article content As Canada’s main oil-producing province Alberta prepares for an election next month, its combative Premier Danielle Smith is facing a series of controversies and resignations that could undermine support for […]
Article content LONDON — Standard Chartered has redeemed a $1 billion so-called additional tier one (AT1) bond in a move announced before holders of similar securities were wiped out in last month’s rescue of Credit Suisse. The Asia and Africa-focused bank exercised its option to redeem the securities on April 2, it said in a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Laurie Chen and Kiyoshi Takenaka and Sakura Murakami Published Apr 02, 2023 • Last updated 44 minutes ago • 2 minute read Join the conversation Article content BEIJING/TOKYO — Japanese Foreign Minister Yoshimasa Hayashi, meeting his Chinese counterpart on Sunday, urged Beijing to promptly release a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Hals Published Apr 01, 2023 • 2 minute read Join the conversation Article content When Donald Trump walks into Justice Juan Merchan’s courtroom on Tuesday to face criminal charges, it will be a first for a former U.S. president but familiar territory for the […]
Article content ISLAMABAD, April 1 (Reuters) – Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid. Article content The March inflation number eclipsed February’s 31.5%, the bureau said, as food, […]
Article content CERNOBBIO — The European Central Bank (ECB) is monitoring broad risks across the financial sector and will act to preserve stability in the euro area, ECB vice-president Luis de Guindos said in a speech on Saturday. De Guindos provided reassurance on the established banking sector in the single currency zone, saying banks had […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Victoria Klesty Published Mar 31, 2023 • 2 minute read Join the conversation Article content OSLO — Norway’s Yara and Canada’s Enbridge plan to invest up to $2.9 billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday. Blue ammonia, […]
Article content BRUSSELS — A hardening of China’s position from an era of reform and opening to one of security and control requires Europe to “de-risk” diplomatically and economically, European Commission President Ursula von der Leyen said on Thursday. Ahead of next week’s visit to China with French President Macron, von der Leyen delivered a […]