Pound Fights for Reprieve as Economy Flails: UK Weatherwatch

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Alice Gledhill Article content By Alice Gledhill (Bloomberg) — The pound has pulled off a fighting comeback from a two-year low against the dollar yet the UK’s markets are looking more bruised as evidence of a sharp economic slowdown mounts. The currency has gained … Read more

UK North Sea Sees Chance for Political Reprieve in Energy Crisis

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Laura Hurst Publishing date: May 14, 2022  •  16 minutes ago  •  5 minute read  •  Join the conversation Article content (Bloomberg) — Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on … Read more

Analysis-Big Oil gets investor reprieve as energy worries trump climate concerns By Reuters

3/3 © Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above the company’s building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson 2/3 By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) – Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of … Read more

Shanghai’s lockdown delays dollar buying, gives falling yuan reprieve

Breadcrumb Trail Links PMN Business Author of the article: Reuters Winni Zhou and Tom Westbrook Article content SHANGHAI/SINGAPORE — Shanghai’s COVID-19 lockdown is wreaking havoc on companies’ dividend-payment paperwork and bankers say it is delaying summertime dollar buying as some firms are unable to collect the signatures and company seals needed to process FX contracts. … Read more