Mexico could pay Pemex debt from $15 billion stabilization fund

ACAPULCO, Mexico (Reuters) - Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state...

Asian shares hold near 6-1/2-month high, fresh Sino-U.S. trade talks awaited

Hideyuki Sano, Tomo Uetake TOKYO (Reuters) - Asian shares held near 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector helped calm some of the jitters sparked by the Federal...

Dark clouds forming over Big Tech: RT’s Boom Bust looks at why Europe is...

The EU has slapped tech giant Google with a massive €1.5 billion ($1.7 billion) fine for blocking rivals’ ads. Boom Bust talked to Adam Mesh, CEO at the Adam Mesh Trading Group, who said that...

Volkswagen CEO Diess’ future in doubt over Nazi-era blunder

Independent investors have been raising questions about the future of Volkswagen’s (VW) chief executive Herbert Diess after he evoked a Nazi phrase in a management meeting last week. The CEO reportedly told the company’s managers...

Building bridges: Last steel beam linking Russia-China railway bridge connected

The first cross-border railway bridge between China and Russia over the Amur River has been connected from both sides. The bridge, which will be operational this year, is expected to take bilateral trade to...

Brexit uncertainty forces European company to stockpile toilet paper

German-owned paper company Wepa has hoarded 600 tons of toilet paper in its UK warehouses to avoid disruption of supplies in the case of a no-deal Brexit scenario. Wepa has also opted to charter ship...

Goldman Sachs raises chances of no-deal Brexit after UK PM’s late reprieve

LONDON (Reuters) - Goldman Sachs on Friday lowered its expectations of UK Prime Minister Theresa May’s Brexit deal getting ratified, and hiked its estimate of the chances of a “no-deal” exit from the European...

Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote

Hyunjoo Jin, Ju-min Park SEOUL (Reuters) - Hyundai Motor Group companies’ shareholders rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign...

Tesla Lagging Behind Competitors In European EV Markets

By Jon LeSage CEO Elon Musk and the Tesla team have succeeded in making their company the most widely used electric vehicle brand name, but this has not yet led to global EV sales dominance. Competitor BMW just...

Rumors Of Chinese Subsidy Cuts Send Shockwaves Through Solar Markets

By Tsvetana Paraskova Last year, China sent a shockwave through the global solar market after it cut subsidies and stopped approving new solar installations in the middle of 2018, aiming to curb a huge renewable subsidy...

U.S. corporate breakups could be catalyst to change Dow index

Lewis Krauskopf NEW YORK (Reuters) - Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents...

A Paradigm Shift In The Permian

By Nick Cunningham The U.S. shale industry is increasingly dominated by the oil majors, with small and medium-sized drillers under financial pressure. Shareholders, banks and other analysts are losing patience with unimpressive performances of a large swathe...

Big Pivot In Energy Is Gaining Momentum

By Nick Cunningham For years, the oil and gas industry has boasted about the longevity and durability of oil and gas reserves despite growing signs that peak oil demand is around the corner. Many companies shrugged...

Oil Is Set To Rise, But The Rally May Not Last

By Arthur Berman The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward. An unexpected 9 million barrel (mmb) crude...

Iran Says It Exports First Condensate From New South Pars Phase

By Tsvetana Paraskova Iran has delivered for export the first shipment from a new development phase of the giant gas field South Pars, including 300,000 barrels of condensate, Iranian media report, quoting the operator of the South...

Turkey extends tax cuts on cars, other goods in face of recession

Turkey took another step to boost consumption and its lira in the face of recession by extending on Thursday the deadline for tax cuts on cars and other goods and raising the withholding tax...

Turkey’s Çimsa to buy cement plant in Spain

Çimsa Çimento, one of Turkey’s largest cement producers, has announced that it has agreed to buy a white cement plant from Spain-based Cemex. The company said in a filing with Borsa Istanbul that it will pay...

Consumer confidence rises in March

Consumers’ confidence in the economy surged in March, the Turkish Statistics Institute (TÜİK) announced on March 21. On a monthly basis, the consumer confidence index climbed 2.7 percent to stand at 59.4 this month. The index...

Turkish Airlines dismisses stake sale

The country’s flag carrier Turkish Airlines (THY) has dismissed reports regarding the saleof a stake of the company. “There have been rumors recently that the Sovereign Wealth Fund of Turkey plans to sell its 49 percent shares of Turkish Airlines to a foreign airline....

Tariff on China to continue till deal is reached

By Lalit K Jha Washington, Mar 22 (PTI) The United States will continue to impose additional import tariff on Chinese products till the time a trade deal is reached with the country, President Donald Trump...