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Newest Texas refineries plan to turn shale into fuel for Mexico

  Bloomberg The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry. Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin that will process ample local supplies of light crude into gasoline and diesel. The fuel will be shipped on existing rail ...

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Stada CEO holds out on offering timeline for takeover talks

  Bloomberg Stada Arzneimittel AG Chief Executive Officer Matthias Wiedenfels played for time to complete negotiations with private equity firms on a proposed $3.9 billion takeover, offering little reprieve to investors seeking an end to weeks of jostling among the suitors and the drugmaker’s management. “This is about getting the best result for the company and its stakeholders” including employees ...

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UK borrowing slowdown may not be enough to allay concerns

  Bloomberg UK consumers are borrowing less freely as inflation bites and Britain prepares for Brexit, though the slowdown may not be enough to dispel concerns over the level of personal debt. Unsecured lending growth slowed to 1.4 billion pounds ($1.7 billion) in February, below the 1.6 billion pounds averaged over the previous six months, data published by the Bank ...

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