(Reuters) - Mexico's Congress on Thursday overwhelmingly voted to open up the country's oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.
After a whirlwind final passage through Congress, President Enrique Pena Nieto's bill will offer companies the chance to operate oil wells, commercialize crude...
Read more
Gold futures settle near five-month low
SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday settled at their lowest level since early July, pressured by strength in the dollar as traders mulled the metal’s appeal against a backdrop of rising U.S. consumer sentiment as well as declines in durable-goods orders and a Chicago’s business gauge.
The precious metal lost most of its shine...
Read more
Daily outlook for USD/CAD
There is little on the domestic front (September Average Weekly Earnings) to drive the CAD so focus will remain on external issues and flows. USD/CAD traded heavily earlier in the week as the market backed off the upper 1.05 area but the lack of downside follow-through suggests the market is consolidating, rather than reversing the mid-November rally.
Bullish outlook...
Read more
Japan to spend about 1 trillion yen on public works for stimulus: sources
(Reuters) - Japan will spend around 1 trillion yen ($9.86 billion) on public works in a stimulus package to be finalized next month, sources said, to help offset the impact of an increase in the sales tax.
Prime Minister Shinzo Abe's cabinet is expected to approve the stimulus package, which will total around...
Read more