Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move…
Canada’s Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi
FILE PHOTO – Canada’s Minister of Foreign Affairs Chrystia Freeland attends the annual Munich Security Conference in Munich, Germany February 15, 2019. REUTERS/Andreas Gebert OTTAWA (Reuters) – Canadian Foreign Minister…
Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
NEW YORK (Reuters) – As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a…
Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade,…
Analyst View: Investors divided over Mexico’s bailout of state oil company
MEXICO CITY (Reuters) – The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of…
Thyssenkrupp employees will not support Tata JV at any price
DUESSELDORF, Germany (Reuters) – Labor leaders, who hold half the seats on Thyssenkrupp’s supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust…
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries…
Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply cut supply in January and as U.S. sanctions hit Venezuela’s…
Venezuela pressures foreign partners on oil venture commitments: sources
(Reuters) – Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following…
Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela
SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets…