June, 2016

• 11 June

  Mexico to team up with firms for deep water oil

    Mexico / AFP In a historic first, Mexico’s struggling state-run Pemex energy company will team up with private firms for a deep-water oil project, officials said. Pemex will “farm out” the $11 billion Trion field in the Gulf of Mexico, which has potentially 480 million barrels of light crude, said company director general Jose Antonio Gonzalez Anaya. President Enrique …

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• 11 June

  GM’s Canada labs to develop self-driving car technology

    Canada / AFP General Motors announced plans to hire 1,000 engineers and software developers at its Canadian research facilities near Toronto over the coming years to design new self-driving cars. “With this expansion, GM Canada will play an important role in our evolution toward vehicles that are connected, autonomous, shared and electric,” Mark Reuss, GM executive vice president of …

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• 11 June

  Puerto Rico lawmakers mull bill to prevent water utility default

    Bloomberg Puerto Rico lawmakers may vote as soon as Monday on a bill intended to help the island’s main water utility avoid a July 1 bond default by selling new debt with stronger repayment pledges. A conference committee approved the measure, said Rep. Rafael ‘Tatito’ Hernandez, sponsor of the legislation and chair of the House Treasury Committee. It would …

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• 11 June

  Panama tests expanded canal with bigger cargo ship

  

    Agua Clara / AFP Panama has sent a giant, Neopanamax-class cargo ship through its canal to test expansion work costing billions of dollars and whose official opening is to be marked with a ceremony late this month. “The tests are going very, very well. We’re pleased,” Giuseppe Quarta, head of the Grupos Unidos por el Canal (GUPC) consortium behind …

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• 11 June

  Macho trends rule the ramp

  

    AFP Suits worn over fishnet tops, tiny tailored shorts, loafers and sunburnt noses — Topman Design went to the British seaside for its latest collection on Friday, kicking off four days of men’s fashion in London. J.W. Anderson, Christopher Kane, Barbour and some of Savile Row’s top tailors are among those showing at this season’s London Collections: Men, the …

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• 11 June

  Emilio Pucci channels chic for Resort collection

  

    Relaxnews The Italian fashion house is the latest luxury label to present its Resort 2017 collection, which gives the signature style of Emilio Pucci a contemporary and eccentric flavour. The result is a collection splashed with bright, colorful patterns — echoing the brand’s historic style — and with light, flowing silhouettes that capture the season’s effortlessly chic vibe. A …

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• 11 June

  Versace goes urban yet romantic

  

    Relaxnews The Italian fashion house has joined a host of luxury brands in unveiling the shape of its pre-spring 2017 collection. The Resort 2017 preview has a distinctly urban feel, laced with sportswear and romantic influences. The starting point for this new collection from Donatella Versace is an imaginary coast-to-coast road trip in the USA, traveling from city to …

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• 11 June

  Russia hosts Ballets Russes designer

  

    AFP The exotic stage and costume designs of Russian-born designer Leon Bakst, made famous at the Ballets Russes, are on display in a major retrospective in Moscow which examines his shock impact on fashion and theatre. The exhibition which opened this week at the Pushkin Musem of Fine Arts features around 250 works by the designer, born 150 years …

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• 11 June

  Bond investors losing faith in Central Banks turn to German debt

  

    Bloomberg Investors are showing little appetite for repeating the rebellion against record-low government bond yields in Europe that peaked this time last year. As faith in central bankers’ ability to boost economic growth and revive inflation diminished, German 10-year bund yields slid to a record this week. The previous low set in April 2015 was followed by a spike …

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• 11 June

  Fitch holds Britain’s rating stable but warns over Brexit

    Washington / AFP Credit agency Fitch left Britain’s rating unchanged at “AA+” but warned that if the country votes in favor of exiting the European Union, the rating could be lowered. Fitch said the country merits its second-highest credit grade due to its wealthy, diversified and flexible economy, its solid policy management and the global strength of the British …

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