Bloomberg From oil majors to trading companies to pipeline operators, US companies are jumping at the chance to supply a newly free Mexico fuel market. After years of preparation, Mexico finished liberalizing prices for gasoline and diesel across the country. Foreign companies were allowed to start moving fuels in April last year, but now consumers’ costs will be more closely ...

Bloomberg Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. Executives from three of the biggest independent US drillers say they won’t increase activity just because prices rise after the Organization of Petroleum Exporting Countries and its allies agreed to extend output curbs. The emphasis, instead, will be on maintaining spending discipline ...

What the Republicans are offering on taxes is a bad bargain for America’s future. They would borrow — roughly $1.5 trillion over a decade — to finance tax cuts that are pleasing for the present. Future Americans would pay the bill. There are at least three reasons why the Senate should reject its version of this self-serving deal. First, it’s ...

Infosys Ltd’s incoming CEO Salil Satish Parekh faces three choices: He can create a more valuable company, return cash to shareholders, or kick the can to a new set of owners. Unlike his predecessor, who got into a messy skirmish with the company’s still-powerful co-founders, Parekh will have some latitude to choose his strategy. For one thing, he has the ...

Akzo Nobel NV boss Thierry Vanlancker has the chance of a second stab at a jumbo chemicals deal with US peer Axalta Coating Systems Ltd. He should grab it. Axalta’s negotiating position has been weakened after it started talks with Japan’s Nippon Paint Holdings Co. Ltd. last month, having already entered into discussions with Akzo about a possible all-share merger. ...

Might this be China’s new Venezuela? Beijing’s frenzied drive to create a modern Silk Road puts Pakistan front and center, much as Venezuela was once a target of lending by China Development Bank as the nation sought to secure oil supplies. Of the $6 billion to $7 billion of current development projects in Pakistan as part of the China-Pakistan Economic ...

Almost daily, newspapers in the US, Europe and China release eye-catching headlines about China’s technological advances and economic prowess. The accomplishments are real. But they’re not necessarily evidence of Western failure or Chinese invincibility. In touting such achievements, commentators too often overlook the structural factors that have shaped them. Economists now recognize just how much of economic interaction is driven ...

“Why did the market go up today?” “There must have been more buyers than sellers.” That piece of circular logic is a sort of laconic joke among traders, equivalent to saying: “I have no idea.” Naturally, prices will only rise if the enthusiasm of buyers outweighs the fear of sellers. At the same time, it captures a worthwhile nugget of ...

By now, most people who read about economics have heard about the empirical revolution in the field. An economist used to be someone who spun theories out of reasonable-sounding assumptions to tell stories about why the world works the way it does. Nowadays, economists still have to understand theory, but their day-to-day work involves combing through data and crunching statistics. ...

Bloomberg Bank of America Corp. has been debating proposals from Chief Operating Officer Tom Montag’s subordinates to rapidly build out a European trading hub in Paris, according to people with knowledge of the talks. Montag and some of the firm’s most senior leaders recently discussed whether to alter a tentative plan to send a few hundred employees to the French ...