Breadcrumb Trail Links PMN Business Author of the article: Reuters Paul Sandle and Kate Holton Article content LONDON — British energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October, regulator Ofgem said on Friday, calling it a “crisis” that needed to be tackled by urgent and decisive government […]
Article content LONDON — Oil prices rose as much as $1 on Friday as fresh U.S. data lowered recession fears, although an upcoming speech from the U.S. Federal Reserve chairman capped further gains. Brent crude futures climbed 73 cents, or 0.73%, to $100.07 a barrel by 0825 GMT, while U.S. West Texas Intermediate (WTI) crude […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Carolyn Cohn and Stella Qiu Article content LONDON/SYDNEY — World stocks were flat on Friday and the dollar edged up as traders and investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the gradient of the U.S. central bank’s rate-hike path. […]
Article content Lending to euro zone companies continued to surge in July, beating expectations for a slowdown due to rising recession fears and plans by lenders to tighten access to fresh credit, European Central Bank data showed. Lending to businesses in the 19-country euro area expanded by 7.7% in July after 6.9% a month earlier, […]
Article content PARIS — Car production in Stellantis’ Sochaux car plant will be suspended until Saturday, a local Article content union said, citing semiconductor supply bottlenecks. (Reporting by Gilles Guillaume; Editing by Tassilo Hummel and Edmund Blair)
Breadcrumb Trail Links PMN Business Author of the article: Reuters Byron Kaye and Jaskiran Singh Article content SYDNEY — Australia’s companies are split, as big miners and airlines expect higher profits on soaring commodities prices and a rebound from COVID-19, while supermarkets, banks and manufacturers are hurt by inflation and stagnant wages. Annual business results […]
Article content Australia’s Ramsay Health Care Ltd said on Thursday it received an alternate proposal from a group led by KKR & Co, which includes an option for Ramsay shareholders to retain a majority stake in 52%-owned Ramsay Generale De Sante. The offer is an alternate option to the near $15 billion unsolicited takeover offer […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Natalie Grover and Silke Koltrowitz Article content ZURICH/LONDON — Novartis plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines, the Swiss group said on Thursday, acknowledging it had not received any formal offers for the […]
Article content TOKYO — Honda Motor Co said on Thursday it would slash production plans by up to 40% in Japan early next month due to persistent supply chain and logistical issues. Its assembly plant in Saitama prefecture, north of Tokyo, will cut production by about 40% early next month. Article content Two lines at […]
Article content SEOUL — For the first time a South Korean general is commanding annual joint drills with American forces, the U.S. military said on Wednesday, a step toward Seoul’s long-delayed goal of gaining command of allied forces in the event of a war. The allies began on Monday their largest joint military drills in […]