(MENAFN - AFP) Mexico's state-run energy giant Pemex reported losses of $14.3 billion for 2016 on Monday, halving its losses from the previous year and saying "austerity" measures were starting to pay off.
Pemex, which has not posted a profit since 2012, has struggled through a period of low oil prices and sweeping energy reforms launched by President Enrique Pena Nieto.
(MENAFN - AFP) US President Donald Trump's pick to serve as commerce secretary, Wilbur Ross, faces tough questions about his possible ties with Russian oligarchs through his position on the board of the Bank of Cyprus.
The Senate is expected to confirm Ross late Monday, and several Democratic senators have raised concerns about the 79-year-old billionaire who specializes ...
(MENAFN - AFP) President Donald Trump's tough new immigration measures are sending shudders through the US farming industry, which largely employs a low-wage foreign workforce.
Since taking office on a "America first" agenda, Trump has made immigration a policy cornerstone. Among other measures, he has broadened authorities' powers to detain and deport unauthorized immigrants.
(MENAFN - AFP) It's goodbye for now to the grand Art Deco lobby and celebrities crossing paths en route to "The Towers" at the Waldorf Astoria: one of the world's most luxurious hotels is closing for renovation.
The legendary establishment opened at its Park Avenue location in midtown Manhattan in 1931 with more than 1,400 rooms, the largest -- and tallest -- anywhere at ...
(MENAFN - AFP) New orders for US manufactured goods rose in January after two straight months of declines, bolstered by a large monthly swing in aircraft orders, the Commerce Department reported Monday.
Excluding the volatile transportation sector, however, the trend went in the opposite direction, with January seeing a decline of 0.2 percent rather than the expected increase. ...