Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. Petroleos Mexicanos officials signed the financing agreement with JPMorgan Chase & Co., HSBC Holdings Plc and Mizuho Financial Group Inc. alongside President Andres Manuel Lopez Obrador at a morning news conference. The company will use $2.5 billion of the funds to refinance existing debt, while the remaining $5.5 billion will replace some credit lines. Pemex bonds rallied Monday, defying a broad slump in emerging-market debt amid growing concerns about the outlook for global trade. The company has seen more than a decade of production declines as it struggles under $106.5 billion of debt, generating concern that it’s due for a ratings downgrade that would […]