Bloomberg Mexican President Andres Manuel Lopez Obrador vowed to restore the national oil company to its former glory. Instead, Petroleos Mexicanos is drowning in debt, its oil output is declining, and now it appears to be losing fuel market share in its own backyard. In the past 21 months of the Lopez Obrador administration, Pemex has lost roughly 13% of ...

Most years, the end of the retail industry’s sales calendar is defined by a tidy succession of seasonal events: back-to-school, Halloween and Christmas. With the pandemic, this isn’t an ordinary year. The result? Those shopping rituals are poised to converge into a super season of sorts in October, creating a tricky balancing act that is bound to trip up some ...

India’s worst economic slump is no time for the government to sow doubts about the credibility of its institutions. The Reserve Bank of India (RBI) postponed its three-day, rate-setting meeting without giving a reason. It was probably cancelled because the panel didn’t have enough people to convene; the six-person committee requires four officials to proceed. The terms of three members ...