Pemex reshuffles bonds to buy time for CEO’s turnaround plan

Pemex news
A worker checks a gauge on top of a tower at the Petroleos Mexicanos (Pemex) refinery in Cadereyta, Mexico, on Thursday, April 7, 2016. The Mexican government expects oil output of 2.12 million barrels per day this year, according to a Finance Ministry report to congress earlier this month. Photographer: Brett Gundlock/Bloomberg