Noticias sobre Mexico News
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Pemex Bonds Fall Amid Downgrade Warnings and Accidents
The world’s most-indebted oil major has given traders plenty to worry about as it struggles to grow production and questions loom over how much government support it will receive going forward
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Mexico’s Economy Shrinks in May as Tight Monetary Policy Dampens Growth
The central bank halted its steepest-ever series of interest rates in May with the policy rate at 11.25%
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Why Are Japanese Mom-and-Pop Traders Hooked on Mexican Pesos?
Net longs in Mexico’s peso, which is the most popular emerging-market currency with Japanese retail investors in publicly available data from Tokyo Financial Exchange, reached a record high this month in figures going back to 2017
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Prices in Mexico Keep Falling but Still Fall Short of Banxico’s Inflation Target
The peso has been one of the most profitable currency trades of the last 12 months, with accumulated gains of roughly 21%
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Pemex’s Debt to Contractors Spawns a Shadow Business for ‘Coyotes’
In a muggy cafe near the boardwalk of Mexico’s Ciudad del Carmen, a ship company manager unlocks his phone to show a list of 26 firms owed money by the state-owned oil company. The screenshot was followed by a WhatsApp message: “I can help them get paid, in case you know of any who are interested.
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Opposition Senator Xóchitl Gálvez Surges in Polls Ahead of Mexico’s Election
Opposition parties, which include the National Action Party, or PAN, Institutional Revolutionary Party, or PRI, and Party of the Democratic Revolution, known as PRD, have lost ground in recent years to the president’s Morena party
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Pemex Bonds Fall After Fitch Downgrade Highlighted Risks
Some of the world’s largest money managers, including Pimco, have shunned Pemex debt as President Andres Manuel Lopez Obrador, a staunch supporter of the driller, is set to leave office next year
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International LatAm Bond Issuers On the Rise Again as High Rates Persist
For this year, bankers at Citigroup Inc. forecast close to $100 billion in international bond sales from the region
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Montage, Dine Plan Punta Mita Beach Resorts in $500 Million Development
The luxury lodging company plots out its next projects as CEO Alan Fuerstman pushes the brand’s global expansion
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Nearshoring, E-Commerce Push Vesta’s Industrial Park Plans In Mexico, CEO says
The company is now planning to complete a pipeline of $1.1 billion of projects by 2025, two years earlier than initially planned
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Russia Displaces Mexico as China’s Top Market for Vehicles
State-owned Chery Automobile Co., Zhejiang Geely Holding Group Co. and Great Wall Motor Co. are the top three Chinese brands in Russia, accounting for a third of new car sales in the first half of this year
Otras noticias sobre Mexico News
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US, Mexico Face Major Heat Wave That’s Set to Burden Electric Grid
Near record heat will spread from the US Southwest across Texas and the Great Plains this week, with temperatures of 100F (38C) or more straining electricity networks
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Mexico’s Low-Cost Carrier Viva Signs Initial Deal for 90 Airbus Jets
Viva had a fleet of 70 Airbus aircraft at the end March, consisting of a variety of A320 and longer A321 models, according to the carrier’s website
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Global Economy: US Jobs Seen Growing; Inflation Expected to Fall In Mexico, Brazil
The jobs report will be front and center in a holiday-shortened week
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Mexico’s Exports Boom Due to Nearshoring Despite Risk of Potential Recession In the US
The good performance of the automotive sector may not be sustained considering the risk of a US recession, says Andres Abadia, chief Latin America economist at Pantheon Macroeconomics
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Nationalist Policies Lead Trafigura to Cut Oil-Trader Jobs In Mexico
Private energy companies more broadly are struggling to do business in Mexico as President Andres Manuel Lopez Obrador, who took office in 2018, reverses policies that ended 75 years of state monopoly and opened the country to the private sector
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Russia Lobbies Mexico, MidEast to Stave Off New FATF Restrictions
A Russian state agency warned counterparts in Mexico of “serious difficulties” in joint development projects involving Lukoil and the roll-out of Moscow’s Mir card payment system if action by the FATF isn’t averted
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Mexico’s Ruling Party to Announce Presidential Candidate September 6
Mexico City Mayor Claudia Sheinbaum, Foreign Secretary Marcelo Ebrard, Senator Monreal, and Interior Minister Adán Augusto López are likely candidates
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Tesla Is Looking for Local Parts Suppliers as It Builds Plant in Nuevo Leon, Mexico
Tesla’s decision to build a facility in Mexico has been seen as part of the so-called “nearshoring” trend