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reuters.com

Chevron takeover of Hess resurrects multi-billion dollar tax shield (www.reuters.com)

The tax shield is a little-known advantage to Chevron’s mega-takeover of Hess struck last month. The tax benefits are expected to provide the No. 2 U.S. oil and gas producer hundreds of millions of dollars in extra annual cash flow over the next several years....

Mexican peso hits 7-1/2 year high vs dollar, further gains eyed (www.reuters.com)

MEXICO CITY, July 28 (Reuters) - Mexico’s peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest rate hikes....

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