Pemex Ekes Out Tiny Profit as Oil Production Decline Resumes
Mexico’s state oil giant posted a slight profit in the first quarter as production slipped, with government support helping to prop up the debt-saddled company.
Mexico’s state oil giant posted a slight profit in the first quarter as production slipped, with government support helping to prop up the debt-saddled company.
Argentina’s Central Bank President Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to meet with People’s Bank of China Governor Pan Gongsheng in Beijing as soon as Monday, amid negotiations over an $18 billion swap line, according to a person with direct knowledge.
Cava Group Inc. is planning to further expand its footprint in the Chicago area and other areas of the Midwest, making a contrarian bet that the region will reverse population declines that have plagued it in recent years.
Paramount Global’s board is considering removing Chief Executive Officer Bob Bakish and putting the company under a committee of top executives while it weighs a possible sale, the Wall Street Journal reported, citing people familiar with the matter.
The US shale-oil sector experienced the biggest plunge in drilling activity in more than five months as explorers keep a tight hold on spending.
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