MEXICO CITY Mexico's Femsa notched a 55% rise in third-quarter net profit to 7.27 billion pesos ($369 million), the bottler and retailer said on Monday, but its shares fell on growth concerns with its Oxxo convenience store chain.
MEXICO CITY Mexico's peso is headed for choppy waters in what remains of 2019 as the ongoing U.S.-China trade war and the uncertain fate of the new North American trade deal could cause the currency to fluctuate between 18.80 and 21 per dollar, analysts say.
MEXICO CITY, Oct 1 Faced with weak economic
growth and cooling inflation, Mexico's central bank has all the
tools to keep cutting rates in 2020. The question now is how far
the bank will go, analysts say.
MEXICO CITY The risks of betting on Mexico, with its staunchly leftist government, and Brazil, which is run by a hard-right administration, are more even now than they have been for six years - according to traders in credit default swaps (CDS).
MEXICO CITY Mexico's Pemex said on Thursday it had launched a tender offer to prepay around a third of $14.7 billion in bonds maturing between 2020-2023, in President Andres Manuel Lopez Obrador's latest effort to shore up the state oil firm.
MEXICO CITY Mexico's Pemex said on Thursday it had launched a tender offer to prepay up to $14.7 billion of its bonds, in the largest financial operation to shore up the state oil firm since President Andres Manuel Lopez Obrador took office.
MEXICO CITY, Sept 3 As central banks across the
globe cut interest rates, Mexico's policymakers still have room
to lower borrowing costs by as much as 100 basis points before
the peso becomes less attractive than other currencies, fund
managers and financial analysts say.
MEXICO CITY Dimming prospects for economic growth in Mexico are prompting local pension funds to shift their $194 billion holdings faster than ever to what they see as a safe bet: government bonds.
MEXICO CITY, July 22 Mexico's economy, the 2nd
largest in Latin America, has hit a rough patch, weighed down by
dwindling business confidence and an industrial slump.
MEXICO CITY Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.