Article content (Bloomberg) — Mexico is planning to carry out a “cleaning” operation across the country to combat the flow of illegal merchandise entering the country mainly from China, according to the Economy Ministry. Article content The ministry will lead searches across all 32 Mexican states, including ports and airports, Economy Minister Marcelo Ebrard said […]
Breadcrumb Trail Links PMN Business Canadian satellite operator Telesat Corp. is preparing to kick off talks with lenders over at least $1.7 billion in debt that currently trades at distressed levels, its chief executive officer said. Author of the article: Bloomberg News Thomas Seal and Curtis Heinzl Published Nov 28, 2024 • 3 minute read […]
Article content (Bloomberg) — Ghana’s creditors have agreed to an early repayment of all outstanding energy bonds, following a meeting this week. Article content The bondholders present at a Nov. 26 special meeting “unanimously proposed and resolved to authorize the modification of the final maturity or redemption date and interest payment dates of all the […]
Breadcrumb Trail Links PMN Business China released three Americans as part of a prisoner swap between the Biden administration and the Chinese government, according to people familiar with the matter, a rare moment of cooperation between the adversaries. Author of the article: Bloomberg News Courtney McBride Published Nov 27, 2024 • 3 minute read Article […]
Breadcrumb Trail Links PMN Business Direct Line Insurance Group Plc rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, rebuffing the second suitor this year. Author of the article: Bloomberg News Eyk Henning, Dinesh Nair and Jan-Henrik Förster Published Nov 27, 2024 • 2 minute read The Direct Line logo displayed on a […]
Article content (Bloomberg) — Auto insurance is poised to become even more expensive under President-elect Donald Trump’s plan to impose new tariffs on top US trading partners. Article content About 60% of replacement parts used to repair cars in the US are imported, mainly from Mexico, China and Canada, said Bob Passmore, a vice president […]
Article content (Bloomberg) — Venezuelans are bracing for severe cooking-gas shortages after a blast knocked out a plant serving almost half the country. Propane production has plunged 97% since the Nov. 11 explosion at the Muscar gas complex in Monagas state, according to data seen by Bloomberg. Repairs are expected to take four months, imperiling […]
Breadcrumb Trail Links PMN Business Donald Trump’s return to the White House is forcing one of Wall Street’s more jargon-filled corners to rethink its talking points. Author of the article: Bloomberg News Frances Schwartzkopff Published Nov 24, 2024 • 3 minute read The Environmental Protection Agency headquarters in Washington, DC. Photographer: Stefani Reynolds/Bloomberg Photo by […]
Article content (Bloomberg) — A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives. The US International Development Finance Corp. hasn’t reached a final […]
Article content (Bloomberg) — Egypt, which recently diverted a number of incoming liquefied natural gas shipments, is reviewing its energy import needs amid a fall in domestic power demand and a drive to trim spending. The North African nation’s decision to not receive the cargoes came amid efforts in “updating production and consumption models according […]