World News: 21:59 GMT Monday 13th May 2019. [Yahoo Business News Feed via SPi World News]
Petroleos Mexicanos officials signed the financing agreement with JPMorgan Chase & Co., HSBC Holdings Plc and Mizuho Financial Group Inc. alongside President Andres Manuel Lopez Obrador at a morning news conference. Pemex bonds outperformed peers on Monday, defying a broad slump in emerging-market debt amid growing concerns about the outlook for global trade. Analysts have also cited the lack of a convincing turnaround plan from the Lopez Obrador administration since he took office late last year.
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