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Pemex expects drop in oil exports over next three years

Bloomberg Petroleos Mexicanos expects a drastic drop in oil exports over the next three years as the company faces the twin challenges of declining output and supplying crude to a controversial new $8 billion refinery championed by the country’s President Andres Manuel Lopez Obrador. Pemex, as the state oil company is also called, is forecasting a reduction of almost 70% ...

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No Democrat speaks to Tories quite like Trump

The barbs being traded across the Atlantic, between British Conservatives and American Democrats, are a reminder of how this US presidential race is an awkward one for Boris Johnson’s Tories. Whisper it, but Donald Trump has been almost as influential in reshaping the means and mien of the UK’s Conservative Party as he has the Republican Party. Many Tories quite ...

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Toyota or pakora? India must choose

Narendra Modi says, “Make in India.” Toyota Motor Corp says, stop treating cars as though they were like objectionable items. The Japanese carmaker has a point about the tax structure being unviable for the industry, and Shekar Viswanathan, vice chairman of the India unit, made it forcefully in an interview to Anurag Kotoky of Bloomberg News. However, instead of trying ...

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