Mexico will do whatever it takes to prevent Pemex downgrade
Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said on Friday, promising to do whatever it takes to strengthen its finances and prevent a further credit downgrade.
Sputtering auto production sinks U.S. manufacturing output
U.S. manufacturing fell sharply in January, led by the biggest drop in motor vehicle production since the recession, the latest indication that the economy was losing momentum.
London bankers will need ‘chaperones’ for EU clients under no-deal Brexit: sources
Investment banks have warned M&A teams in Britain they cannot pitch business to clients in the European Union if there is a no-deal Brexit without an EU “chaperone” sitting in on their meeting, sources familiar with the matter told Reuters.
Amazon places big bet on aspiring Tesla rival Rivian
Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector.
Wall Street gains as trade talks advance; Trump to declare emergency
U.S. stocks posted broad-based gains on Friday, led by a rebound in financials, as investors were optimistic about the ongoing trade talks to resolve a bruising tariff dispute between the United States and China.
Trump says may extend March 1 deadline for China trade deal
U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.”
Alphabet unit wants share of property taxes for Toronto smart city: report
Alphabet Inc’s Sidewalk Labs unit is seeking a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, a report in Toronto Star newspaper.
Wells Fargo’s Tim Sloan set to appear twice before House panel: WSJ
Wells Fargo & Co’s Chief Executive Officer Tim Sloan is expected appear before the House Financial Services Committee alone in March this year, and then in April with several other banking heads, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Hundreds of Chinese protest against BBVA in Madrid
Hundreds of Chinese citizens waving Spanish and Chinese flags took to the streets of Madrid on Friday to protest against BBVA, saying the bank had blocked their accounts.
Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed
Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said Friday, promising to do “whatever is takes” to strengthen its finances and prevent a further credit downgrade.
