Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.
Analyst View: Investors divided over Mexico’s bailout of state oil company
The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade.
Fed policymakers see one U.S. rate hike, or none, as growth slows
When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.
TSX rises 0.91 percent
* The Toronto Stock Exchange’s S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24.
Citigroup CEO gets $24 million as compensation in 2018
Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million.
Mattel shares plunge as 2019 forecast disappoints
Mattel Inc on Friday issued a disappointing 2019 forecast, barely a week after posting a surprise quarterly profit, triggering an 18 percent drop in its shares.
Wall Street rallies on trade optimism
Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.
Oil rises over 2 percent to 2019 highs on tightening supplies
Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.
Mattel shares plunge on 2019 forecast
Mattel Inc said on Friday 2019 gross sales were expected to be flat, with weakness in Thomas & Friends and American Girl offseting comparatively stronger sales of its Barbie and Hot Wheels brands, sending the toymaker’s shares down 14 percent.
Big U.S. exchanges to sue SEC over ‘overreaching’ fee experiment
The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.
