EXCLUSIVE-Mexico to hold off on possible new energy reform until next year – sources

By Adriana Barrera

MEXICO CITY, Sept 22 (Reuters)Mexico’s president asked regulators on Tuesday to help strengthen state oil firm Pemex and power company CFE using existing laws, but added he could seek energy reforms next year if required to meet his goals, two sources said.

The sources, who were at the closed-door meeting and spoke on condition of anonymity, said President Andres Manuel Lopez Obrador called on energy regulators to avoid issuing permits that would prevent private competitors to Pemex and CFE from expanding their footprint in the country.

During the session at the national palace, the leftist energy nationalist expressed his wish to provide tax breaks and refinance the massive debt loads of the state-run energy giants, formally known as Petroleos Mexicanos and Comision Federal de Electricidad, the sources said.

Pemex is the world’s most indebted oil company, with about $100 billion in financial debt.


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G7 finance heads seen backing extension of debt freeze for poorest nations: sources

By Andrea Shalal and Leika Kihara


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WASHINGTON/TOKYO (Reuters) – G7 finance ministers are expected on Friday to signal their support for extending a debt relief programme aimed at helping the poorest countries weather the coronavirus pandemic, three sources briefed on the issue said.

The ministers of the Group of Seven advanced economies are set to meet by video conference on Friday to discuss global economic developments and the continued impact of coronavirus, which has infected nearly 32 million people worldwide.

Although the International Monetary Fund has argued in favour of extending the debt relief programme’s year-end deadline by a year through 2021, the G7 ministers are likely to back an initial extension of six months, the sources said.

“There is backing for a six-month extension, and there will be discussion of the broader issue of debt restructuring,” one of the sources said.

The G7 finance ministers’ backing for

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Missouri’s Governor Parson approves money for 5 Ozarks school districts to provide shelters from storms

SPRINGFIELD, Mo. (Edited News Release/KY3) – The State Emergency Management Agency announced more than $9 million in grant funding has been approved to build tornado safe rooms in six Missouri school districts.

The federal grants for school districts in Henry, Ozark, Shannon, Texas, and Wright counties will pay for 90 percent of the cost of the safe rooms, which are designed to shelter a total of more than 4,500 students, staff, and area residents during severe storms.

“Our children are our most precious resource, and we must work to help ensure their safety against every type of risk, including severe weather while they’re in school,” Governor Mike Parson said. “Missourians know all too well the destruction tornadoes can bring to schools and communities. I applaud our districts for being proactive and taking advantage of these grants to improve facilities and expand educational opportunities.”

According to the approved safe room plans:

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This Is the Average Personal Loan Balance. How Does Yours Compare?

Do you owe more on your personal loan than the typical American, or less? New research will help you find out.

Personal loans are an affordable way to borrow money, and during the COVID-19 pandemic, they’ve no doubt been a lifeline to the millions of Americans grappling with income loss.

The upside of a personal loan is that you’re not limited in how you spend it. When you take out a mortgage, you must use that loan to buy a home. With an auto loan, you’re financing a car. A personal loan lets you borrow for any reason you want. Credit cards do the same, but personal loans tend to charge much less interest, and don’t drop your credit score unless you fall behind on payments.

If you have a personal loan, you may wonder how your balance compares to that of the average borrower. According to new research by

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Engineering giant Fluor records $1.7 billion loss for 2019 in delayed financial filing

Irving-based engineering firm Fluor Corp. lost $1.7 billion in 2019, according to financial filings disclosed Friday and delayed for months by internal and regulatory reviews.

a train on the tracks in a city: A joint venture between Fluor and Balfour Beatty rebuilt the northbound Interstate 35E bridge leading to downtown Dallas, a part of the massive Dallas Horseshoe Project.

© Tom Fox/Staff Photographer/The Dallas Morning News/TNS
A joint venture between Fluor and Balfour Beatty rebuilt the northbound Interstate 35E bridge leading to downtown Dallas, a part of the massive Dallas Horseshoe Project.

The full-year loss and write-downs reported by Fluor were “far worse” than expected, according to Bloomberg Intelligence analysts. The company reported a $9 million profit in 2018.


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Fluor closed out 2019 with $14.3 billion in revenue, down from $15.2 billion the year before.

The company halted its financial filings earlier this year when the U.S. Securities and Exchange Commission sought records about charges it recorded in 2019 on a fixed-price Army ammunition plant project in Radford, Va. In May, the Justice Department subpoenaed the company for additional information.

After the

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KBRA Releases Day Two Recap of Virtual Structured Finance Conference

Press release content from Business Wire. The AP news staff was not involved in its creation.


Kroll Bond Rating Agency (KBRA) releases a Day Two recap of its Structured Finance Virtual Conference: Credit & Covid-19: Is the Worst Behind Us?

The final day of conference, which attracted over 900 registrants, discussed the current state of play across the CRE CLO, Corporate CLO, and Whole Business Securitization markets. The report provides a recap of each virtual session.

Click here to view the report.

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National

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Berkley Accident & Health Launches Needlestick Insurance for Nurses and Other Healthcare Workers

HAMILTON SQUARE, N.J., Sept. 22, 2020 /PRNewswire/ — Berkley Accident & Health, a Berkley Company, announced the launch of Vigilance, an Occupational Accident Insurance product built for healthcare workers and students at risk of sharps injuries, bloodborne infections, and workplace assaults.

“Sharps injuries and workplace violence are some of the most common occupational risks that healthcare workers say they worry about most,” said Susan Clarke, President, Berkley Accident and Health, Special Risk Division. “Our goal was to create a product designed specifically for them that addresses these exact risks.”

Vigilance provides coverage for accidental needlesticks, felonious assaults, and occupational HIV, chronic Hepatitis B and chronic Hepatitis C acquired through a covered sharps injury or blood or bodily fluid exposure incident.

“Healthcare workers selflessly dedicate their lives to helping others, and this year, they faced unprecedented challenges as they battled COVID-19 on the frontlines,” Clarke continued. “Now, more than ever, it’s

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Newspaper toy fund starts raising money early for a challenging holiday season

The Portland Press Herald Toy Fund is facing unprecedented challenges as more Maine families struggle to make ends meet during the coronavirus pandemic and need help bringing their children a sense of normalcy during the upcoming holidays.

The toy fund is making an early appeal for financial support and forming new partnerships with other nonprofit organizations and two additional newspapers to meet that need. The economic pressures of the pandemic come after the charity spent much of its reserve fund in recent years as donations gradually declined and need remained high, according to organizers.

Last year, the toy fund raised about $120,000 and provided gifts for 3,200 children in York, Cumberland, Sagadahoc, Androscoggin, Lincoln and Knox counties. Director Kathleen Meade is anticipating the number of applications could rise 15 percent or more this year as families deal with job losses or decreases in income because of the pandemic.

Many of

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Best Personal Loans for Fair Credit of October 2020

How much will a personal loan cost?

As with most credit products, the rate you receive on a personal loan depends a lot on your credit score. Borrowers with fair or average credit will pay a higher rate — somewhere around 20%, according to a NerdWallet lender survey — than those with good credit. The interest rate also affects your total monthly payment, as does the term length; a longer term means lower monthly payments, but more interest.

How to qualify for fair-credit loans

Focus on your credit score. Even if lenders look at other factors, your credit score is a key consideration. Building your credit can mean better odds of qualifying and getting a lower rate.

Add a joint applicant or co-signer to your application. There are risks to co-signing, but it’s an option that can help you qualify for a loan that you wouldn’t be able to on

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Finance Secretary Kate Forbes blasts Westminster for ignoring Holyrood

Boris Johnson’s government is ignoring Holyrood, Scotland’s Finance Secretary claims.

Kate Forbes said she only learned the UK Budget had been cancelled on Twitter – which she fears could result in a delay to the Scottish budget.

And she told how “semi-regular” meetings between the Treasury and the devolved administrations at the start of the pandemic have fallen by the wayside in recent months.

Forbes said: “Unfortunately, in the last few months I would suggest that those open lines of communication have not been working as frequently as they should be.

a man wearing a suit and tie: Forbes said the lack of communication mirrors a similar situation around a cut in stamp duty announced by Chancellor Rishi Sunak

© Getty Images
Forbes said the lack of communication mirrors a similar situation around a cut in stamp duty announced by Chancellor Rishi Sunak

“It takes two to have a conversation and something as simple as giving us a heads up about scrapping the Budget doesn’t strike me as particularly difficult to do and it would make our lives

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