MEXICO CITY (Reuters) – Mexico’s headline inflation is forecast to have rebounded in the first half of December after six fortnights of slowing, backing bets the Bank of Mexico will continue to hike interest rates, a Reuters poll showed on Tuesday. The median forecast of 17 participants sees annual headline inflation picking up to 7.80%…
By Rod Nickel and Kavya Guduru (Reuters) -TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years. The 622,000 barrel-per-day (bpd) pipeline…
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican private equity manager AINDA expects to raise $600 million for a new fund by early next year and will launch projects in Colombia, its top executive told Reuters, as the company seeks to grow its portfolio of public works investments. AINDA, which focuses on environmental, social and…
By Shankar Ramakrishnan and David French (Reuters) – Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their production, providing a funding avenue for producers and owners as traditional sources become more expensive or simply dry up. Known as PDP asset-backed securitizations (ABS), this product takes revenue…
By Dmitry Zhdannikov LONDON (Reuters) -Oil prices rose on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. Brent crude futures were up 34 cents, or 0.43%, at $80.14 a barrel by…
By Francesco Canepa FRANKFURT (Reuters) – Attacks by Italy’s new government on the European Central Bank over its plans to raise borrowing costs may be a sign of things to come for a euro zone struggling with inflation and debt. Top Italian ministers have lashed out at the ECB since it signalled a string of…
By Nell Mackenzie LONDON (Reuters) -World stocks slid on Tuesday after a policy tweak by Japan’s central bank rattled investors already worried about the economic fallout of rising interest rates and untameable inflation. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target,…
(Reuters) – The Bank of Japan has slightly loosened the shackles on its 10-year yield target and said it will review the operation of its yield-curve control policy, surprising financial markets and sending the yen sharply higher. Here are some comments from experts: TAKESHI MINAMI, CHIEF ECONOMIST AT NORINCHUKIN RESEARCH INSTITUTE, TOKYO: “It came as…
(Reuters) – Elon Musk said on Monday Twitter Inc will restrict voting on policy-related polls to paying Twitter Blue subscribers, on the same day that users voted decisively in a poll for Musk to step down as chief executive of the social media platform. Musk responded to a suggestion from a Twitter Blue subscriber, who…
By Paresh Dave OAKLAND, Calif. (Reuters) – Mark Zuckerberg considered saying in a 2017 speech that Facebook was looking into “organizations like Cambridge Analytica,” according to details from a deposition of him by the U.S. Securities and Exchange Commission. But he decided to remove reference to the political consultancy which harvested data on millions of…
