Article content MILAN — Former Italian prime minister Silvio Berlusconi sent a video message to his Forza Italia party on Saturday in his first appearance since being hospitalized a month ago, saying he is ready to return to work. Wearing a blue shirt and suit and heavy make-up, Berlusconi, 86, appeared sitting at a desk […]
Article content Ramping up renewable power production rather than subsidies is the key to lower electricity prices for Germany’s energy-hungry industry, Chancellor Olaf Scholz said on Saturday, in an apparent dig at proposals by his government’s economy minister. Industrial companies in Germany say electricity prices are too high compared with other countries, putting Germany’s heavy […]
Article content TORONTO — The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Friday as investors dialed back bets for interest rate cuts by the Bank of Canada in the coming months following stronger-than-expected domestic jobs data. The Canadian economy gained 41,400 jobs in April, exceeding expectations for an increase of […]
Article content Carvana Co’s shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak demand over affordability […]
Article content Lyft Inc shares tumbled nearly 20% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns about a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. Article […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Published May 04, 2023 • 2 minute read Join the conversation Article content Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jennifer Rigby and Emma Farge Published May 04, 2023 • 2 minute read Join the conversation Article content LONDON — A panel of global health experts will meet on Thursday to decide if COVID-19 is still an emergency under the World Health Organization’s rules, a […]
Article content NEW YORK/WASHINGTON — The U.S. Treasury Department said on Wednesday it plans to keep coupon issuance across all maturities through July amid uncertainty surrounding the debt limit, announcing total quarterly refunding of $96 billion. The refunding would raise new cash of $20.8 billion and refund approximately $75.2 billion in privately held Treasury notes […]
Breadcrumb Trail Links PMN Economy PMN Business Article content U.S. natural gas futures slid about 2% to a one-week low on Wednesday as drillers keep pulling record amounts of gas out of the ground, mild weather keeps demand low and the amount of gas flowing to liquefied natural gas (LNG) Financial Post Top Stories Sign […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lucia Mutikani Published May 03, 2023 • Last updated 7 minutes ago • 2 minute read Join the conversation Article content WASHINGTON — U.S. private employers boosted hiring in April amid strong demand for workers in the leisure and hospitality industry, but a slowdown in wage […]