Bloomberg Petroleos Mexicanos replaced the head of its trading arm PMI with Ulises Hernandez, formerly an executive of Pemex Exploration and Production, after a mass exodus by former management. Hernandez, previously the head of resources, reserves and partnerships at Pemex, will replace Raul Enrique Galicia, according to a statement. PMI’s crude trading division will also have new management, as Armando ...

Bloomberg Afghanistan’s presidential polls closed on Saturday amid Taliban violence nationwide and complaints of wrongdoings in some polling centres. Millions of Afghans braved the militant threats and cast their vote for a new leader in the fourth democratic election since the Taliban regime was ousted by the US invasion in 2001. “Amid the challenges and threats, the presidential elections of ...

Bloomberg The same prosecutors who put former President Luiz Inacio Lula da Silva behind bars for corruption and money laundering are now willing to see him placed on house arrest. Prosecutors of the so-called Carwash task force said the former president has shown “good behaviour” and is now entitled to a semi-open regime, which would allow him to leave jail ...