Breadcrumb Trail Links PMN Business Author of the article: Reuters Andrew R.C. Marshall and Peter Eisler and Jason Szep Publishing date: Oct 22, 2022 • 26 minutes ago • 13 minute read • Join the conversation Article content In June, a man and a woman turned up unannounced at the office of Catherine Roeske, the city […]
Article content Pfizer’s attempt to as much as quadruple its current U.S. prices for its COVID-19 vaccines going forward could spur revenues for years, analysts said. The drugmaker, which developed and sells the vaccine with Germany’s BioNTech said on Thursday evening that it is targeting a range of $110 to $130 a dose for the […]
Article content LONDON — Deutsche Bank on Friday said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of targets to help it meet its climate commitments. The announcement comes ahead of the next round of global climate talks […]
Article content FRANKFURT — Germany’s Steag gave details on Friday about the return and operation of 2,500 megawatts (MW) of coal-fired power station capacity to the wholesale market to help boost energy supplies this winter, while Uniper also delayed closure of one plant. The utilities’ extra capacity will help offset sky-high prices amid concerns about […]
Article content COLOMBO — Sri Lanka’s parliament on Friday passed a constitutional amendment to trim presidential powers, beef up anti- corruption safeguards and build a way out of the worst financial crisis in decades. The amendment was passed with the required two-thirds majority needed in parliament to pass such laws. A total of 174 members […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Amruta Khandekar Article content European shares dropped on Thursday after Liz Truss said she was resigning as UK’s prime minister, brought down by her economic program that wrecked havoc on markets. The region-wide STOXX 600 was down 0.2%, after rising as much as […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Ahmad Ghaddar Article content LONDON — Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures rose $1.15, or 1.2%, to […]
Article content WASHINGTON — U.S. Treasury Secretary Janet Yellen is set to resume her campaign-style promotion of President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semi-conductors, clean energy and other technologies. The Treasury said Yellen will deliver remarks and meet with entrepreneurs at the Virginia […]
Article content U.S. equities have priced in the most recession risk compared with other assets, Citigroup researchers said, warning that was not enough as further losses loom in the wake of an “unusual” time for economies. The benchmark S&P 500 index is firmly in bear market, down about 22% year-to-date, as investors worried over rising […]
Article content PARIS — Strikes have affected 11 French nuclear power plants, an FNME-CGT power union representative said on Tuesday, delaying maintenance at 17 different reactors. Power production was also reduced by 1.8 gigawatts (GW) at three other nuclear reactors, data from operator EDF showed. Article content Members of FNME-CGT have been staging rolling strikes […]