Tag: energy

Oct 25

Mexico Senate Votes to Shield Judicial Reform From Top Court Scrutiny

Article content (Bloomberg) — Mexico’s Senate voted to prohibit courts from challenging or suspending constitutional changes approved by Congress, an attempt to shield a battery of reforms from Supreme Court scrutiny as it reviews a controversial overhaul of the country’s judiciary. The Senate approved a proposed constitutional amendment to protect such reforms by a vote […]
Oct 24

Mozambique’s Ruling Party Wins Vote Tainted by Fraud Claims

Breadcrumb Trail Links PMN Business Mozambique’s ruling-party candidate was declared the runaway winner of presidential elections as tensions over fraud claims put the southeast African nation on edge and sent its bonds plunging. Author of the article: Bloomberg News Matthew Hill and Borges Nhamire Published Oct 24, 2024  •  2 minute read Article content (Bloomberg) […]
Oct 23

Brazil Central Bank Very Worried About Inflation, Picchetti Says

Article content (Bloomberg) — Brazil’s central bank is very concerned about inflation estimates that remain “way above” their goal and will do what is necessary to bring cost-of-living increases to target, International Affairs Director Paulo Picchetti said Wednesday. Speaking at an event in Washington, Picchetti said that while inflation has been decelerating, it has stabilized […]
Oct 23

Latin American Oil Finds New Buyers as Pipeline Shifts Flows

Article content (Bloomberg) — Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows.  Signs of the shifting tides include Mexican state oil company Pemex recently buying Colombian oil for its refinery in Texas and American refiner Valero Energy Corp. […]
Oct 21

Canadian Pension Funds Ready €7 Billion Sale of Cubico

Article content (Bloomberg) — Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter.  The two pension funds are working with Bank of America Corp. and Canadian Imperial Bank of Commerce on a potential transaction, […]
Oct 19

Bitcoin Miners Take Divergent Paths Six Months After Revenue ‘Halving’

Breadcrumb Trail Links PMN Business Six months after rewards for validating transactions on the Bitcoin network were reduced by half, crypto mining companies are choosing between two divergent paths to remain viable. Author of the article: Bloomberg News David Pan Published Oct 19, 2024  •  3 minute read 60ymjqhryl{w4)1u}nvvacz6_media_dl_1.png Bloomberg Article content (Bloomberg) — Six […]