Venezuelan Sanctions Relief Is Set to Redirect Oil Flows
The resumption of unimpeded Venezuelan oil exports after the US eased sanctions will mark yet another major reshuffle to global crude flows in the past two years.
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Mexico Airport Operators to Boost Government Payment to 9%
Mexico’s three airport operators agreed to almost double the contributions they pay the government, adding hundreds of millions of dollars in costs, in a deal to placate President Andres Manuel Lopez Obrador after he criticized the industry’s profit margins.
L’Oreal Sales in North Asia Hit by Slump in Travel Retail
L’Oreal SA sales in the region that includes China unexpectedly fell in the third quarter as the cosmetics maker grappled with a challenging travel retail market.
Manchin Vows Mountain Valley Pipeline Completion After Delays Announced
West Virginia Senator Joe Manchin vowed the Mountain Valley Pipeline would be completed after the project’s owner Equitrans Midstream Corp. announced new delays and cost overruns for the controversial project.
Audemars Piguet Pulls Watch From Charity Auction Amid Governance Questions
Swiss watchmaker Audemars Piguet withdrew its donation of a unique timepiece from the upcoming Only Watch auction in Geneva after questions surfaced about the charity’s governance practices.
ESPN May Be Worth $22 Billion Based on First Look at Results
Walt Disney Co.’s sports division could attract outside investors at a valuation of up to $22 billion, according to analysts, based on financial results that were made public for the first time.
Israel Latest: Israel Is Planning for Wartime Economic Stimulus
Israeli Finance Minister Bezalel Smotrich said the government is planning a wartime stimulus program “larger and wider” than the support provided to the economy during the coronavirus pandemic, with the budget deficit possibly widening this year to 3.5% of gross domestic product
C4K Latest: Tudor Investment Corp. Manager Pitches Live Nation
Tudor Investment Corp. senior portfolio manager Emil Dabora pitched an investment in Live Nation Entertainment, citing explosive growth in music streaming and a boom in concert attendance.
Poland’s Tusk Will Head to Brussels for High-Level Talks
Poland’s opposition leader Donald Tusk will meet European Union leaders and officials in Brussels next week after winning a coalition majority on Sunday as expectations grow that the next government will seek to move fast to access billions of euros in suspended aid.
Mexico Airport Operators to Give Government 9% of Gross Revenue
Mexico’s three airport operators will now contribute 9% of their gross revenue to the government from the current 5%.