Breadcrumb Trail Links PMN Business Author of the article: Reuters Rowena Edwards Article content LONDON — Oil prices were stable on Tuesday as the market balanced supply concerns with fears that an inflation-induced weakening of global economies would soften fuel demand. Brent crude futures for October settlement fell 9 cents, or 0.09%, to $105 a […]
Article content Taiwan’s China Airlines Ltd said on Tuesday it would buy 16 Boeing Co 787 widebody Article content planes worth $4.6 billion at list prices to replace its aging fleet of Airbus A330s, in a win for the U.S. planemaker. (Reporting by Jamie Freed in Sydney; Editing by Kirsten Donovan)
Article content PARIS — Consultancy Agritel on Tuesday increased slightly its estimate of this year’s French soft wheat crop but warned the European Union’s top grain producer was heading for its worst maize harvest this century. In a cereal market update, it put the 2022 soft wheat crop at 33.63 million tonnes, up from 33.44 […]
Article content STAVANGER — The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Monday. “Realistically I think we need to use oil and gas in the short-term, because otherwise […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Scott Murdoch and Tom Westbrook Publishing date: Aug 29, 2022 • 10 minutes ago • 3 minute read • Join the conversation Article content HONG KONG — Investors have cheered a breakthrough deal that promises U.S. regulators access to Chinese companies’ accounting paperwork but say markets […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters John Mccrank and Samuel Shen and Xie Yu Publishing date: Aug 29, 2022 • 12 minutes ago • 4 minute read • Join the conversation Article content NEW YORK/SHANGHAI — There was much relief for investors in U.S.-listed Chinese firms after Beijing and Washington […]
Article content European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession. The STOXX 600 index fell 0.9% to a more than one-month low, with interest rate-sensitive tech stocks tumbling 1.8%. Germany’s 10-year yield rose […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Howard Schneider and Ann Saphir and Cynthia Kim Article content JACKSON HOLE — The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the U.S. Federal […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Patrick Werr Publishing date: Aug 28, 2022 • 21 minutes ago • 3 minute read • Join the conversation Article content CAIRO — Egypt’s new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Aditya Kalra Publishing date: Aug 27, 2022 • 25 minutes ago • 2 minute read • Join the conversation Article content NEW DELHI — India’s top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to […]