US economy

Venezuelan Oil Supplies Hit Five-Year High as Buyers Become Elusive

Feb.21 (Dow Jones) -- Venezuela’s oil inventories have climbed to their highest levels in five years, according to satellite data, a sign that U.S. sanctions are stifling sales and could continue to drive up global prices.

Business Investment Falters Amid Growing Global Economic Uncertainty

Feb.21 (Dow Jones) -- A widely-watched measure of how much businesses are investing fell for the fourth time in five months at the end of 2018, signaling firms are feeling less confident in light of domestic and global economic uncertainty.

Global Economy

AMLO Sounds Death Knell for Oil Reforms With Pemex Farm-out Halt

Feb.21 (Bloomberg) -- Mexico President Andres Manuel Lopez Obrador has suspended future Petroleos Mexicanos farm-out bids, putting one of the final nails in the coffin for the 2014 energy reforms that promised to reverse years of oil-production declines with private companies’ involvement.

Pope Denounces Sex-Abuse 'Plague' Amid Pressure for Reforms

Feb.21 (Dow Jones) -- Pope Francis denounced a "plague of sexual abuses perpetrated by men of the church to the harm of minors," and called on Catholic bishops to "listen to the cry of the little ones who plead for justice," as he opened a four-day summit on preventing clerical sex abuse.

The Global Trade Slowdown Will Get Worse Before It Gets Better

Feb.21 (Dow Jones) -- A week is a long time in global trade, apparently. Weak data from Japan and Korea this week suggest stronger-than-expected January trade numbers from China released last week were a blip. For investors focused on the outcome of U.S.-China trade talks, the message is clear: Pay more attention to the global slump that’s already under way.


Disney Is Said to Accept Divesting Fox Sports in Brazil, Mexico

Feb.21 (Bloomberg) -- Walt Disney Co., on the brink of sealing its $71 billion takeover of 21st Century Fox Inc. entertainment assets, will agree to sell the Fox Sports channels in Brazil and Mexico to win regulatory approval there, according to people close to the discussions.

Warren Buffett Can't Find Anything Big to Buy

Feb.21 (Dow Jones) -- Warren Buffett is always on the hunt for "elephants," as he calls large acquisitions. But three years have passed since he bagged a new one.

U.S. Campaign Against Huawei Runs Aground in an Exploding Tech Market

Feb.21 (Dow Jones) -- Washington has hit an unlikely roadblock in its extraordinary global push to sideline China's Huawei Technologies Co.: the world's biggest democracy, India.


Trump's Atlantic Oil Search Runs Aground in Trump-Loving State

Feb.21 (Bloomberg) -- More than half the registered voters in Republican-controlled South Carolina supported Donald Trump in a poll last month, but there’s at least one area where state leaders are ditching the president to join rival Democrats: a fight against oil exploration off the Atlantic coast.

BlackRock Sees Pension Reform as 'Cherry on Top' for Brazil

Feb.21 (Bloomberg) -- There’s more underpinning Brazil’s rally than just the hope the government will fix its finances, according to BlackRock Inc.’s Axel Christensen.