Edition:
United States

Abraham Gonzalez

Mexico's Femsa posts jump in profits, Oxxo outlook hits shares

Oct 28 2019

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 peso headed for choppy waters on back of trade uncertainty

Oct 22 2019

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's central bank has room to cut rates; How low will it go?

Oct 01 2019

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.

Losing the edge: Mexican leftist's risk levels near Brazilian rightwinger

Sep 26 2019

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's Pemex offers to prepay chunk of $14.7 billion in bonds

Sep 12 2019

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's Pemex launches offer to prepay up to $14.7 billion of bonds

Sep 12 2019

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's peso seen remaining attractive even with more rate cuts

Sep 03 2019

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.

As Mexico's economic prospects dim, pension funds pile into bonds

Aug 05 2019

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.

RPT-'I've got other numbers!' Debate rages over recession in Mexico

Jul 23 2019

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.

'I've got other numbers!' Debate rages over recession in Mexico

Jul 22 2019

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.

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