Mexican Senate committees are set today to discuss a bill to end the nation’s seven-decade oil monopoly and open the energy industry to more foreign investment in a bid to reverse declining crude production.
U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.
With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
President Barack Obama urged the Republican-led U.S. House to pass changes to immigration law, focusing on an issue that may benefit his party as the flawed rollout of his health-care law hurts his popularity.
DaVita HealthCare Partners Inc., Fresenius Medical Care AG and other dialysis companies received a break from U.S. regulators, who are scrapping a proposed 9.4 percent cut in Medicare payments to the companies next year.