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Mexico's Pemex CEO says Mexico expects to invest 93 billion Mexican pesos in the petrochemical sector by 2030.

2026-06-05

Mexico's Pemex CEO says Mexico expects to invest 93 billion Mexican pesos in the petrochemical sector by 2030.

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2026-06-05

White House National Economic Council Director Hassett: The Federal Reserve should not raise interest rates; there is room for rate cuts. The Fed has consistently lagged behind, and there is still significant room for rate cuts.

White House National Economic Council Director Hassett: The Federal Reserve should not raise interest rates; there is room for rate cuts. The Fed has consistently lagged behind, and there is still significant room for rate cuts.
2026-06-05

Emerging-market assets fell for a third straight session, led by South Korea after Broadcom reported AI-chip sales that missed overheated expectations. The MSCI Emerging Markets index dropped 1.7% to 1,728.66; the KOSPI plunged as much as 7% intraday

Emerging-market assets fell for a third straight session, led by South Korea after Broadcom reported AI-chip sales that missed overheated expectations. The MSCI Emerging Markets index dropped 1.7% to 1,728.66; the KOSPI plunged as much as 7% intraday on Friday. Samsung Electronics and SK Hynix were among the heaviest decliners; the two accounts for more than half of KOSPI market value. After two weeks of gains, EM equities and currencies look set to post a weekly loss. Saxo Markets strategist Charu Chanana said Broadcom is a trigger that exposed oversized AI expectations and warned small disappointments can prompt sharp re‑ratings; a stronger-than-expected U.S. nonfarm payrolls print could provide another pretext for investors to trim AI positions.
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