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Sharay Angulo

Mexico expects faster fuel transportation to drain inventories

Jan 14 2019

MEXICO CITY Mexico's freight transport association expects a contingency plan aimed at speeding up gasoline distribution that began over the weekend to help ease bottlenecks at terminals, where fuel inventories have been accumulating in recent weeks.

Mexico City's massive wholesale market quiets amid fuel shortage

Jan 12 2019

MEXICO CITY The mood at Latin America's largest wholesale market, the Central de Abastos in Mexico City, has morphed from typically cacophonous and bustling to cloudy and anxious as deliveries and sales grow sluggish amid a days-long fuel shortage.

Mexicans embrace bikes, scooters as fuel shortage drags on

Jan 10 2019

MEXICO CITY Mexicans faced with a fuel shortage are turning to bikes and scooters, generating business for startups that rent those alternative rides, but straining operations for ride-hailing service Uber in some cities.

Mexico fuel shortage worries industry as lines in capital grow

Jan 09 2019

MEXICO CITY Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. | Video

Mexican fuel shortage worries industry as lines grow in capital

Jan 09 2019

MEXICO CITY, Jan 9 Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at gas stations grew in the capital on Wednesday.

'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 not planning to improve airport bond offer: ministry

Dec 16 2018

MEXICO CITY Mexico does not plan to improve a Dec. 11 offer to repurchase bonds issued to fund a partly-built airport that the president is cancelling, the finance ministry said on Sunday, rejecting the complaints of a group of investors seeking a better deal.

Mexico new president vows to end 'rapacious' elite in first speech

Dec 02 2018

MEXICO CITY Veteran leftist Andres Manuel Lopez Obrador took office as Mexican president on Saturday, vowing to see off a "rapacious" elite in a country struggling with corruption, chronic poverty and gang violence on the doorstep of the United States. | Video

UPDATE 2-IMF trims Mexico credit line, welcomes new government's fiscal targets

Nov 27 2018

MEXICO CITY, Nov 27 The International Monetary Fund (IMF) on Tuesday reaffirmed Mexico's access to an emergency credit line, even as it trimmed the amount, and said the incoming leftist government had promised to stick to prudent economic policies.

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