pemex had a monopoly in mexico over the last 80 years. during that time some analysts would shutting pemex is behind the curve in terms of investing in technology. an analyst said that pemex is a company that in the u.s. would be bankrupt. in a time where oil prices are going to be long lower for longer, what is your greatest challenge right now in a period when other companies have to slash cap exand it seems like you may need to increase cap exto catch up? >> well, our biggest challenge in the very near future is as i have said in the spanish language interviews, we have announced a cut of 100 billion pesos, which is a very substantial cut in expenditures. again, like all the other companies in the word are adjusting to this price. and this is the beauty. i think this issue of the capital expenditures in the future and technologies, that's why we're here. we're trying to form partnerships and we're trying to find people so we can do these things together. again, like all the other oil companies in the world do, in which, you know, she s

oil company pemex says the fire started in a compression area. all of the people who were hurt were airlifted for medical treatment. pemex say they quickly got the fire under control and the platform did not have to be evacuated. 3 ((jen developing this morning: world leaders are condemning north korea's rocket launch. 3 ((jen)) the u-n security council held an emergency meeting sunday to talk about it... ((walter)) but, as fox's kristin fisher reports: they couldn't decide what to do. 3 3 at this emergency meeting... the u.n. security council unanimously condemned this long-range missile launch. but they didn't agree on any new sanctions against north korea. that could come as early as next week... according to the council's president. the white house wants serious consequences. and today -- the u.s. ambassador to the u.n. called for a swift and aggressive response. power says: "we are looking forward to expeditiously consulting with our colleagues in the coming days and we will be looking to all council members to unite around a swift and this

they -- pemex. pemex has not shown a profit since two dozen 12.tors are coming to the end of a 15-year dispute over debt. the deal is subject to argentine congressional approval and the repealing of several debt laws. debtd that is -- several laws. and that is your business flash update. scarlet: now let's go to the markets desk where julie hyman has been tracking the losers, including valeant. julie: yes, it has been a frequent visitor. giving -- the chairman up his title and the company is withdrawing guidance while it reviews accounting. awaiting its latest earnings report as well. and the company is -- remember, pearsonlly built by through acquisitions, has also come under fire for its drug pricing practices, which is a hot topic. we are also looking at today.rton the u.s. justice department is beyond halliburton to go its plan -- in other words it has a plan to sell outfits and the doj is saying it will perhaps have to do more. speaking of oil and gas companies, looking at eog resources. that stock is being downgraded from a hold to a buy. at

take vo --el presidente de mxico enrique peÑa nieto, anunci quien sera la nueva cabeza de la compaÑa pemexez... quien llega a la empresa en un momento de incertidumbre con los precios del combustible por el piso. ---el presidente tambin reemplaz al ministro de salud... todo viene despus de la confirmacin de 34 casos de zika reportados en el pas azteca. take vo cesar ---la organizacion mundial de la salud no tiene planeado dar a conocer ninguna recomendacion especifica para quienes viajen a paises donde prevalece el virus del zika... ---lo que si dijeron es que si usted planea viajar a esos paises debe consultar con las autoridades de salud sobre todo si esta embarazada... ---a inicio del mes, la "oms" declaro emergencia internacional ante el brote del virus. nat sound blanca-vo --las autoridades peruanas en el poblado de "comas" continuan con las fumigaciones como parte del esfuerzo por prevenir la proliferacion de mosquitos transmisores del virus del zika. --se esta exhortando a los residentes a no usar floreros con agua en los panteones y quedo prohibido usar albercas inflables por que e

driven by international low oil prices and have to overcome them through smart financial decisions and pemex to focus on cutting expenses and greater efficiencies and have to prioritize investment. >> reporter: houston alone lost 60,000 jobs since prices began to crash. the best that oil executives and leaders of oil producing countries can hope for now is a long-term plan to return oil prices from 30 a barrel range to something nearing 100 but some forecasters predict prices could fall further in the 20 range and analyst say the perfect storm that caused prices to plunge and a surge of oil in the global market and weak efforts to restrict production show no sign of ending soon, john with al jazeera, houston. >>> now indonesia is the world's second biggest plastic polluter after china and it's following the example of some other countries imposing an extra charge on plastic bags and we are in dakarta and saying why this is so urgently required. >> reporter: they found nearly 10 million plastic bags are handed out to indonesia shoppers everyday and these plastic bags even find their ways to p

coming up on power lunch at the top of the hour, exclusive interview with the ceo of mexican oil giant pemexinvestment advice coming your way and the one chart that could be a big buy signal for your money. it all kicks off at the top of the hour in power lunch. in the meantime, halftime is back after this quick break. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ frank abagnale. convicted felon and con man. that was a long time ago. you know, they made a movie about it. you were shown to be quite skilled at fraud. times change. now i help catch the bad guys. me too. i help banks detect fraud by applying cognitive analytics to public financial records and social media. so if somebody said, "catch me if you can...?" we can. let's do a sequel. it could be a buddy movie. i would like to have a buddy. >>> welcome back to the halftime report. i'll phil lebeau with the consumer reports annual auto guide. this is one of the most heavily anticipated reports of the year in terms of ranking auto brands, predicted reliability, road tests done by consumer reports. let's look at the

pemex has named a new ceo.onzales is a harvard trained economist and former deputy finance minister. the former ceo resigned after he failed to reverse falling output, and presided over 12 straight quarterly losses. 150 oil and gas companies tracked by energy consultant ihs may go dead. ihs says a further shakeout would have to stimulate deals that had been on hold, because buyers and sellers have disagreed on asset value. the world's largest producer of platinum says it will place all expansion projects on hold, as it expects prices to remain low. anglo-american platinum has written down mines and operation. we have pretty much placed all of our growth capital projects on hold until 2017. one of the things we have is the one project in execution. we took a look at that, at the cash outflow, and said in the current environment, given the , the market does need additional nuance. we said we will put it on hold. caroline: that is your bloomberg business flash. jonathan: thanks, caroline. the global stock rout con

pemix it -- pemex is in need of cash.ncould sell stakes pipelines and oil terminals that have been off-limits. the acid sale would represent the latest attempt by mexico to laura private investment and spore growth and latin america's second-biggest economy. alix: anheuser-busch inbev posting fourth-quarter profits that missed estimates. the company is trying to complete its acquisition of sab miller and that would allow it increase earnings in africa. those responding to a bloomberg survey say that leaving that eu would triple the chance of the u.k. falling into recession. >> we've been quite unambiguous, say that if britain leaves the eu, the sovereign rating would go down. remember, it is aaa with a negative outlook. the u.k. has benefited from eu membership. it has been a magnet for inbound investment, not only from the rest of the crew -- the eu, but globally. it is therefore an interval part of the largest trading area in the world. alix: lloyds banking group barely met earnings estimates but it is still giving inve