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Anonymous ID: e4f1de Feb. 15, 2019, 5:24 a.m. No.5187335   🗄️.is 🔗kun

S&P Futures Reverse Overnight Losses As Trade Talks Optimism Returns

After a lackluster start to global markets on the last day of the week following the conclusion of yet another indecisive round of trade talks between the US and China where nothing was resolved aside from reports of a possible MOU to lay out "next steps" in the ongoing negotiations, global markets rebounded as ye olde "trade deal optimism" returned after China's president said trade talks would continue in Washington DC next week (as if there was any other option with the March 1 deadline looming). This helped reverse overnight stock losses, with US equity futures jumping almost 20 points from session lows, just as Europe opened for trade, with the Stoxx 600 rising 0.8% on "hope."

 

https://www.zerohedge.com/news/2019-02-15/sp-futures-reverse-overnight-losses-disappointing-trade-talks-head-washington

 

https://www.dailyfx.com/crude-oil?ref=TopRates

 

https://www.bloomberg.com/markets/stocks/futures

Anonymous ID: e4f1de Feb. 15, 2019, 5:30 a.m. No.5187383   🗄️.is 🔗kun

Visa, Mastercard mull increasing fees for processing transactions: WSJ

 

(Reuters) - Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to increase certain fees levied on U.S. merchants for processing transactions that will kick in this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.

 

Some of the changes relate to so-called interchange fees, the report said. Interchange fees are what merchants pay to banks when consumers use a credit or a debit card to make a purchase from their store.

 

https://www.marketscreener.com/news/Visa-Mastercard-mull-increasing-fees-for-processing-transactions-WSJ–28016614/?countview=0

Anonymous ID: e4f1de Feb. 15, 2019, 5:40 a.m. No.5187452   🗄️.is 🔗kun

Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

 

MEXICO CITY (Reuters) - Mexico's government will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes paid, company officials said on Friday, a move aimed at improving the firm's balance sheet and preventing a further downgrade to its credit rating.

 

Formally known as Petroleos Mexicanos, the firm holds roughly $106 billion in financial debt, the highest of any national oil company in Latin America.

 

Pemex will receive $1.8 billion in pension liability monetization as part of the new fiscal assistance plan for company, officials said, but the Mexican government will not take on new debt for Pemex.

 

Mexico's finance minister Carlos Urzua said if Pemex requires more capital injection, the government will provide it. The capital injection will allow debt refinancing over the course of this year, he said.

 

Rating agency Fitch downgraded debt issued by Pemex by two steps last month, leaving it just barely within its investment grade category.

 

The move weakened Mexico's peso currency and stoked fears that further downgrades by Fitch or other credit ratings agencies could significantly raise the oil company's financing costs and result in dire fiscal consequences for the government.

 

Mexico's peso currency was down 0.5 percent against the U.S. dollar on Friday.