Pemex Bonds Surge as Mexico Mandates Debt Deal to Support It
The offering, announced in a filing Tuesday, will consist of a dollar-denominated debt maturing August 2030, in the form of amortizing pre-capitalized securities, or P-Caps, a type instrument used in asset-backed finance.
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Yahoo
20 minutes ago
- Yahoo
UK in 'debt doom loop', top investor Dalio warns
One of of the world's most successful investors has warned that the UK is stuck in a "debt doom loop". Hedge fund manager Ray Dalio, who founded Bridgewater Associates, was speaking as UK debt as a percentage of GDP (gross domestic product) rose to 101%. Long-term borrowing costs are higher than they have been at any point this century, giving the Chancellor Rachel Reeves little room to borrow more to fund spending, and thus requiring a focus on raising taxes instead. Mr Dalio told the 'Master Investor' Podcast with Wilfred Frost she risked alienating the very people who could help get the country out of its fiscal bind - mirroring concerns expressed by the boss of Goldman Sachs last week. Money latest: "The debt doom loop is affecting capital flows. So the necessity for creating taxations that then drive people away. "As the financial problems and the social problems worsen, having the effect of causing people with money to leave. "That's a problem because, I don't know the exact numbers in the UK, but they're analogous to the US, where 75 % of income taxes are paid by the top 10%. "So you have this financial deterioration, that precedes social and economic deterioration that has caused migrations all around the world and so on. And there is only one way to deal with that. Both of our countries need a strong leadership of a strong middle. They have to have the war between those of the left and those of the right begin to end because difficult choices are going to have to be made, you know, like our countries had in World War II. "The deficits for the central government, have to be lowered to about 3 % of GDP. That is what would be sustainable rather than having this compounding effect." The UK deficit is currently 5.1% of GDP, while in the US it is 6%. "They have to do it equally in spending cuts and taxation. And if that is done interest rates will come down not rise." Dalio outlines the process around the debt cycle in his new book How Countries Go Broke. And while many people are broadly aware of the debt problems advanced nations now face, he said that bond markets are complacent to the looming risks. "You get this complacency. So now the question for you or for your audience is, is it priced into the markets? Well, I'll answer the question and say, no, it is not priced into the markets." is available across multiple podcast platforms
Associated Press
an hour ago
- Associated Press
FINCA Canada Partners with Government of Canada to Support Youth Employment in Uganda
New $5 million CAD partnership, in collaboration with FINCA Uganda, will expand economic opportunities for youth, especially women. 'Young entrepreneurs in Uganda are brimming with potential. This partnership will equip them to realize that potential, improve their lives, and drive meaningful, lasting progress in their communities.'— FINCA Uganda Managing Director James Onyutta DODOMA, TANZANIA, July 28, 2025 / / -- Canada's Secretary of State for International Development, the Honourable Randeep Sarai, visited Dodoma, Tanzania, on July 21, 2025, to announce a new $5 million CAD, five-year partnership between the Government of Canada and FINCA Canada, in collaboration with FINCA Uganda. The initiative aims to expand economic opportunities for youth aged 30 and under in East Africa through financial inclusion and entrepreneurship. The project, 'Increasing Economic Opportunities for Youth in Uganda and Tanzania,' focuses on strengthening the socio-economic inclusion of young people, especially marginalized and vulnerable young women. By refining skills, enhancing financial inclusion, and improving employability, the initiative aims to support long-term economic growth and reduce poverty in the region. 'Canada has proudly partnered with FINCA Canada for more than eight years. Now, we are working together to support marginalized youth in Uganda and Tanzania,' said Hon. Randeep Sarai, Canada's Secretary of State for International Development. 'Through technical and vocational education and training, and skills development, young people—especially young women—will be empowered with competencies that meet current market demands. They will be better equipped to secure jobs, advance their careers, and expand or start new businesses. Inclusive opportunities will lead to a brighter future for all.' Youth socio-economic inclusion is vital for East Africa's sustainable development and economic growth, especially considering that youth comprise over 70 percent of the population in both Uganda and Tanzania, with median ages of 16 and 19, respectively. Despite their numbers, youth unemployment remains high—17 percent in Uganda and 11 percent in Tanzania—far above national averages. Additionally, young women face unemployment rates 50 percent higher than their male counterparts. The project will support youth through vocational training, entrepreneurship, and employment programs. To ensure sustainability and local impact, FINCA Canada will work closely with local organizations and businesses in both countries. These partners will provide job skills training to help young people secure employment. Through the Business Partnership Program, FINCA Canada will offer business skills development, mentorship, and connections to established enterprises within local communities. The initiative will also provide financial education, services, and capital to help young entrepreneurs start or grow their businesses. FINCA Uganda Managing Director James Onyutta expressed excitement about the opportunities this project presents. 'Young entrepreneurs in Uganda are brimming with potential,' Onyutta said. 'This partnership will equip them to realize that potential, improve their lives, and drive meaningful, lasting progress in their communities.' Over the next five years, FINCA Canada and the Government of Canada aim to support more than 40,000 youth in Tanzania and Uganda—particularly young women and girls—through vocational training, financial literacy programs, business placements, and mentorship opportunities. By increasing access to financial products and services for launching or expanding businesses, the project is expected to generate approximately 20,000 new jobs. About FINCA Uganda As part of the FINCA Impact Finance network, FINCA Uganda empowers customers by providing financial products, services, and education to help improve their standard of living and build financial health and resilience. A pioneer in financial inclusion, FINCA Uganda has served more than one million customers since its inception in 1992. About the FINCA Network FINCA Uganda and FINCA Canada are part of the global FINCA network. FINCA is committed to creating pathways out of poverty through sustainable, scalable solutions rooted in the needs of the people it serves. The organization's work is driven by the belief that all people should have the opportunity to leverage their wisdom, talent, and effort to determine their own destiny. Scovia N. Swabrah FINCA Uganda Limited email us here Visit us on social media: LinkedIn Instagram Facebook X Other Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
an hour ago
- Yahoo
Chevron's (CVX) Strong Asset Outlook Offsets Lower Oil Prices, Says UBS
Chevron Corporation (NYSE:CVX) ranks among the . UBS reaffirmed its Buy rating and price target of $177 on Chevron Corporation (NYSE:CVX) on July 11 in anticipation of the oil giant's 2025 second-quarter earnings report. Given the decline in oil prices, the investment bank expects Chevron to post reduced quarter-over-quarter profitability. However, it also expects its Permian Basin, Gulf of America, and Tengizchevroil (TCO) assets to perform well. Pixabay/Public Domain The planned acquisition of Hess Corporation was the main focus of Chevron Corporation (NYSE:CVX) investors, according to UBS, which predicted the transaction would conclude in the third quarter of 2025. The next major event after the Hess merger is Chevron's November Analyst Day, where, according to the investment bank, the company is likely to present its growth strategy. Chevron Corporation (NYSE:CVX), based in San Ramon, California, is a major American global energy company that specializes in the oil and gas industry. Founded as the Standard Oil Company of California, it is the second-largest direct descendant of Standard Oil. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
