Edition:
International

Abraham Gonzalez

Mexico's Alsea says it could spend up to $167 million in capex in 2021

Feb 26 2021

MEXICO CITY Mexican restaurant operator Alsea said on Friday it could pour up to 3.5 billion pesos ($167 million) into capital expenditures this year, which would be close to double last year's spending, as it aims to bounce back from pandemic shutdowns.

Mexicans defy pandemic blues with record remittance surge

Feb 01 2021

JANTETELCO, Mexico Alberto Burgos is one of thousands of Mexican migrants living in the United States who dug deep and sent extra money to family back home last year to alleviate the devastating impact of the coronavirus pandemic.

UPDATE 1-Mexican watchdog fines seven international banks for bond rigging

Jan 25 2021

MEXICO CITY, Jan 25 Mexico's antitrust watchdog Cofece said on Monday that it has imposed fines totaling 35 million pesos ($1.75 million) on seven international banks and traders for market manipulation and collusion in the government bond market about a decade ago.

CORRECTED-Mexican watchdog fines seven international banks for bond rigging

Jan 25 2021

MEXICO CITY, Jan 25 Mexico's antitrust watchdog Cofece said on Monday that it has imposed fines totaling 35 million pesos ($1.75 million) on seven international banks and traders for market manipulation and collusion in the government bond market about a decade ago.

Investors warm to Mexico, lifting peso, despite battered economy

Dec 11 2020

MEXICO CITY Mexico in 2020 plunged into its steepest recession in decades and suffered a credit ratings downgrade, yet the peso currency and instruments that measure sovereign risk now tell a different story: that investors are again warming to the country.

Pemex finances, fiscal performance will impact S&P's Mexico rating

Dec 10 2020

MEXICO CITY S&P Global Ratings said on Thursday its next rating decision on the Mexican sovereign will depend on the evolution of the finances of the country's heavily indebted national oil company Petroleos Mexicanos and the government's fiscal performance.

Exclusive: Tax burden of Mexico's Pemex could be reduced further, top official says

Dec 09 2020

MEXICO CITY Mexico's government is weighing making further reductions to the tax burden on national oil company Petroleos Mexicanos (Pemex) to bring it closer to that of ordinary corporations, a top finance ministry official said on Wednesday.

EXCLUSIVE-Pemex tax burden could be reduced further, senior official says

Dec 09 2020

MEXICO CITY, Dec 9 Mexico's government is weighing making further reductions to the tax burden on national oil company Petroleos Mexicanos (Pemex) to bring it closer to that of ordinary companies, a top finance ministry official said on Wednesday.

Mexico's peso faces volatility spikes ahead of U.S. election

Oct 07 2020

MEXICO CITY, Oct 7 Mexico's peso is facing the highest volatility in five months, experts say, as markets grow nervous about the upcoming U.S. presidential elections and possible economic policy outcomes.

EXCLUSIVE-Pemex could tap Mexican debt market more

Sep 10 2020

MEXICO CITY, Sept 10 Mexican state oil company Petroleos Mexicanos should consider borrowing more on the local market to meet its vast financing requirements, a top official said after the finance ministry presented an austere 2021 budget.

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