Bloomberg Mexico’s finance minister said the country’s oil income is completely covered by its sovereign oil hedge. The timing couldn’t be better for the Latin American producer amid the biggest plunge in oil prices in almost three decades as Saudi Arabia and Russia vowed to pump more oil in a battle for market share. Mexico’s oil income is 100% covered ...

Bloomberg Tesla Inc. will build its in-development Cybertruck at a new plant in the US, Chief Executive Officer Elon Musk tweeted, likely triggering a state-by-state competition similar to one he set off six years ago. The factory will build both the electric pickup and the Model Y crossover for customers on the East Coast, the chief executive officer wrote. He ...

Bloomberg Italian Prime Minister Giuseppe Conte’s government is ready to spend as much as 25 billion euros ($28.3 billion) on stimulus measures to shield the economy from Europe’s worst outbreak of the coronavirus. Finance Minister Roberto Gualtieri said the cabinet is likely to approve a first package worth about 12.5 billion euros by Friday. The rest will be a reserve ...