Article content The Kremlin on Monday repeated its assertion that Western sanctions are to blame for a complete shutdown in the Nord Stream 1 gas pipeline between Russia and Germany. In a conference call with reporters, Kremlin spokesman Dmitry Peskov said sanctions were “causing chaos” in terms of maintenance work on the pipeline and rejected […]
Article content BERLIN — Porsche’s potential stock market listing is central to funding Volkswagen’s electrification plans, the carmaker’s chief financial officer said on Monday ahead of a board meeting to discuss whether the listing will go ahead. Volkswagen’s management and supervisory boards will meet later on Monday to discuss whether the long-anticipated listing of Porsche […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Brijesh Patel Article content Gold prices held above the key $1,700 per ounce level on Monday, as hopes that the Federal Reserve might Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. […]
Article content CERNOBBIO — A buyout of Italian infrastructure group Atlantia by the Benetton family and U.S. fund Blackstone Inc could be completed by the end of the year, Atlantia’s chairman said on Sunday. The bidders proposed a 58 billion euro ($57.7 billion) offer in April to take the airport and motorway operator private but […]
Article content LONDON — Foreign minister Liz Truss is a “great believer” in the independence of the Bank of England and its responsibility to determine policy on inflation, she said on Sunday. Truss, favorite to be named leader of the governing Conservative Party and Britain’s next prime minister on Monday, had raised concerns in a […]
Article content CERNOBBIO — The European Union expects Russia to respect energy contracts it has agreed but is prepared to meet the challenge if it fails to do so, Economic Commissioner Paolo Gentiloni said on Saturday. Asked about the halt to the Nord Stream 1 gas pipeline, Gentiloni told reporters: “We expect Russia to respect […]
Article content BERLIN — Volkswagen’s management and supervisory boards will discuss at a meeting on Monday whether the long-anticipated listing of sportscar brand Porsche in late September or early October should go ahead, the carmaker said on Saturday. A decision will also be taken on whether Volkswagen approves of the sale of 25% and one […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Fransiska Nangoy Publishing date: Sep 03, 2022 • 15 minutes ago • 3 minute read • Join the conversation Article content JAKARTA — Indonesian President Joko Widodo on Saturday raised some fuel prices by around 30% to contain ballooning spending on energy subsidies in Southeast Asia’s […]
Article content Russia’s Gazprom said on Saturday that Siemens Energy is ready to help repair broken equipment for the Nord Stream 1 gas pipeline, but there was nowhere available for them to carry out the work. In a statement, Gazprom said Siemens Energy was taking part in repair work in accordance with an existing contract […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Stanley Widianto and Gayatri Suroyo Publishing date: Sep 03, 2022 • 50 minutes ago • 3 minute read • Join the conversation Article content JAKARTA — Indonesia has raised subsidized fuel prices by about 30% on Saturday, top officials said, as the government moves to rein […]