Edition:
United States

Michael O'Boyle

'Do more with less:' Mexico president defends budget cuts

Dec 17 2018

MEXICO CITY Mexican President Andres Manuel Lopez Obrador on Monday defended deep cuts to several ministries' budgets, saying savings investors described as prudent were made by trimming wasteful expenditure to allow extra cash for welfare and infrastructure.

Mexico's new budget: fiscal miracle or a December disaster?

Dec 14 2018

MEXICO CITY Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt.

RPT-Mexico's new budget: fiscal miracle or a December disaster?

Dec 14 2018

MEXICO CITY, Dec 13 Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt.

Mexico's new budget: fiscal miracle or a December disaster?

Dec 13 2018

MEXICO CITY Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt.

Mexico flags 'delicate' Pemex finances, plans tight budget

Dec 12 2018

MEXICO CITY Mexico's government on Wednesday flagged state oil giant Pemex's 'delicate' finances as it prepared to present the 2019 budget, seeking to reassure markets by saying that the company should not be saddled with more debt to fund upcoming projects.

Mexico's new government takes aim at drug cartel finances

Dec 07 2018

MEXICO CITY Mexican President Andres Manuel Lopez Obrador is taking aim at the finances of the powerful Jalisco cartel in what a top anti-money laundering official said was an opening salvo in the fight to stop criminal gangs from flourishing with impunity.

Mexico central bank warns economy faces risk of 'loss of confidence'

Nov 28 2018

MEXICO CITY Mexico's central bank on Wednesday warned the economy could suffer long-lasting damage if new policies spark a "loss of confidence" in the country, and the bank's chief pleaded for "clarity" from the incoming leftist government.

Mexican Congress may ease Pemex tax burden, says senior lawmaker

Nov 14 2018

MEXICO CITY The head of the budget committee in Mexico's lower house said lawmakers were looking at including tax changes in next year's budget for state-run oil company Pemex [PEMX.UL] to give the company more control over its finances.

Mexico fines global banks for inflating bond trading volumes

Nov 14 2018

MEXICO CITY, Nov 14 Mexico's securities regulator has fined top banks, traders and brokers for simulating bond trades to pump up volumes, according to a government document and source, in one of the country's widest probes into the industry since the financial crisis.

UPDATE 5-Mexico president elect rules out bank changes after plan sinks shares

Nov 09 2018

MEXICO CITY, Nov 9 Mexican President-elect Andres Manuel Lopez Obrador signaled on Friday he would not support a bill proposed by his party to limit bank commissions, providing some reassurance to investors after stocks had sunk to their lowest level in over 2-1/2 years.

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