Bloomberg Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just 34 percent of capacity. In the next five days, yields on the company’s bonds maturing in ...

Bloomberg Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion in Chinese goods, and said retaliation by Beijing would prompt the US to boost support to its farmers. “Our biggest goal will be for China not to retaliate and stay at the table to negotiate ...

Bloomberg A unit of China Mobile Ltd said the US government should stop putting “unreasonable pressure” on Chinese companies and provide them with a non-discriminatory investment environment, pushing back after its bid to provide phone service in the US was denied. China Mobile International said the Federal Communications Commission’s (FCC) rejection after almost eight years of applications was “without apparent ...