Petroleos Mexicanos is in talks to extend its deferral of profit-sharing payments it’s required to make to the Mexican government next year as the state-owned oil giant struggles under a staggering debt load.
Here are the key takeaways from the Federal Open Market Committee’s interest-rate decision and Chair Jerome Powell’s news conference Wednesday.
Tesla Inc. has resumed taking orders for its Model 3 Long Range edition with a starting price of $47,240, according to its website.
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount.
Recent banking failures shows how regulators are overwhelmed by too many institutions, causing them to overlook regional banks, Todd Lemkin, Canyon Partners’ chief investment officer said.
Oil fell for the third straight day as weak demand data from the US added to concerns that the global economy is heading toward recession.
Federal Reserve Chair Jerome Powell said the failure to raise the US government debt limit would be unprecedented and have highly uncertain and negative effects on the economy.
The US economy is vulnerable to China’s “lock” on critical mineral processing, a senior adviser to President Joe Biden said, likening the situation to the risk Europe faced from its reliance on Russia’s oil and gas amid its invasion of Ukraine.
The Biden administration would support speeding up disbursements from Argentina’s $44 billion program with the International Monetary Fund, if the nation’s authorities can successfully negotiate a new schedule with the lender, according to US officials familiar with the matter.
Sprott Inc.’s former top executive, Peter Grosskopf, has acquired the firm’s Canadian investment banking business in a bid to help mining companies make deals as industry consolidation heats up.
