© Reuters. Euro coins are seen in this photo illustration taken in Budapest January 6, 2012. REUTERS/Bernadett SzaboBy Mike Dolan LONDON (Reuters) - Almost a quarter of this week's inaugural European Union recovery fund bond sale went to foreign central banks - and yet the euro's gradual rebound as a world reserve currency still has many doubters. Ten...
Given the massive surge in commodity prices, notwithstanding the pullback in some areas of late, we decided to look at whether there are still opportunities to play this theme within the equity market. We normalized various equity indexes by their underlying commodity prices to ascertain which areas are most undervalued (or overvalued) compared to their long-term ratios. Read More
Article content FRANKFURT — Tougher climate targets have made it more urgent for Germany’s next government to revamp energy regulations to protect the stability of power supplies and encourage much-needed investments, grid operator 50Hertz said on Friday. “Bringing forward climate targets has become a game changer for transmission grid operators because we have to handle more system swings...
Article content TOKYO — Thirsty Tokyo residents are about to get a bit of a break just as the summer heat arrives with authorities in the Japanese capital preparing to relax a ban on alcohol in restaurants and bars when it lifts a coronavirus state of emergency. But don’t plan any parties. Tokyo will soon allow “solitary...
Article content OSLO — Norway’s oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday. Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD’s forecast for the month had stood at 1.591 million bpd. Norway’s output of...
Article content LONDON — The dollar was headed for its best week in nearly nine months on Friday, with rival currencies struggling to shake the pressure exerted by the Federal Reserve’s sudden hawkish shift in tone. With investors also scrambling to price in a sooner-than-expected tapering of extraordinary U.S. monetary stimulus, the euro and the yen failed to...
Breadcrumb Trail Links PMN Business Author of the article: Reuters Leika Kihara and Tetsushi Kajimoto Article content TOKYO — The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for...
© Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File PhotoTOKYO (Reuters) - Toshiba (OTC:) Corp Board Chairman Osamu Nagayama on Friday pledged to be "an agent of positive change, not a protector of the status quo," in a letter to shareholders ahead of the conglomerate's...
© Reuters. China’s Steel Inspections May Tighten Supplies as Commodity Prices Surge(Bloomberg) -- China began inspecting steel mills in an effort to rein in the emissions-heavy sector -- a move that could tighten supplies at a time when it’s trying to curb surging commodities prices.
The Chinese government has ordered nine groups -- consisting of officials from different cabinet ministries plus an...