Market News

Morning News Call - India, September 9

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Mexico and Pemex will hedge oil output -2020 budget plan

Mexico will maintain a strategy of hedging its oil output against lower prices, the government said in its 2020 budget proposal unveiled on Sunday, adding that state oil company Pemex would also continue a similar but separate hedging program.

PRESS DIGEST-British Business - Sept 9

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Britain at risk of losing leading edge in maritime services

Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.

Mexico's 2020 budget sees a 0.7% primary fiscal surplus

Mexico's government expects a 0.7% primary fiscal surplus in its 2020 budget, a blueprint released on Sunday shows, as President Andres Manuel Lopez Obrador aims to balance spending priorities with a slowing economy.

Money

Powell's speech support U.S. rate-cut bets

U.S. interest rates futures rose on Friday as Federal Reserve Chair Jerome Powell said the central bank will do what it can to preserve the longest U.S. economic expansion on record, supporting bets...