White House: US condemns Ecuador’s armed raid of Mexico’s embassy
(Reuters) – The United States condemned on Tuesday Ecuador’s use of force against embassy officials after its police and soldiers raided Mexico’s embassy last week to arrest former Vice President Jorge Glas.…
Mexico’s BMV could exit main index in latest ‘symptom of deterioration’
By Valentine Hilaire and Noe Torres MEXICO CITY (Reuters) – Mexico’s stock exchange operator (BMV) is a top candidate to be bumped from the country’s main stock index in its next rebalancing,…
Mexico’s main stock index tips into bear market
MEXICO CITY (Reuters) – Mexico’s main stock index slid into a bear market Wednesday, falling to hit a 20% drop from its all-time closing high on April 1. The benchmark local stock…
Analysis-Lithium experts skeptical on success of Mexico’s state-run miner
By Sarah Morland and Noe Torres MEXICO CITY (Reuters) – Mexican officials hope a newly created state-run lithium company will catapult the country to the vanguard of the green energy revolution, but…
Mexico’s inflation expected to hit 8.51% in first half of August: Reuters poll
MEXICO CITY (Reuters) – Mexico’s inflation likely accelerated in the first half of August, a Reuters poll showed Monday, hitting the upper end of the central bank’s current forecast and reinforcing bets…
Mexico’s TV Azteca to appeal second ruling on tax dispute bill
MEXICO CITY – Mexico’s TV Azteca plans to appeal a court ruling ordering it to pay a further 2.62 billion Mexican pesos ($131 million) to the country’s tax office after a dispute…
Fitch downgrades Mexico’s Unifin on announced debt service cessation
MEXICO CITY – Fitch Ratings downgraded on Wednesday Mexican leasing firm Unifin’s long- and short-term foreign and local currency issuer default ratings (IDRs) to ‘C’ and ‘C’ from ‘BB-‘ and ‘B’ respectively,…
Exclusive: Mexico’s Pemex in talks with Vitol, eyes resuming business after bribery scandal
By Ana Isabel Martinez MEXICO CITY – Petroleos Mexicanos (Pemex) has made progress in talks with global energy trader Vitol about resuming trading ties that broke down last year during a bribery…
Mexico’s America Movil spins off Latin America tower business
MEXICO CITY – Mexican telecommunications giant America Movil said on Monday it had completed the planned spinoff of its Latin American cellular tower business, creating a company called Sitios Latinoamerica. The new…
Mexico’s July inflation seen at highest level since 2000: Reuters poll
MEXICO CITY – Mexican inflation in July likely sped up again to a near-22-year high, a Reuters poll showed on Monday, fueling bets the country’s central bank will continue to hike its…
Credit Suisse says it has no big exposure to Mexico’s Credito Real
ZURICH – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican newspaper El…
U.S. Paystand, Mexico’s Yaydoo merge, to offer blockchain platform
MEXICO CITY – Tech startups Paystand and Yaydoo announced on Wednesday a merger to make way for a blockchain platform focused on cash flow management and liquidity solutions to businesses in the…
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast,…
Mexico’s inflation higher than expected in early July
By Brendan O’Boyle MEXICO CITY – Mexican consumer prices rose higher than expected in early July, official data showed on Friday, boosting expectations of further interest rate hikes as the central bank…
Mexico’s Arrenda, aimed at making renting easy, raises $26.5 million in early round
By Kylie Madry MEXICO CITY – Mexican startup Arrenda, which offers advance payments to landlords upfront to lower barriers to renting in the country, raised $26.5 million in equity and debt financing…
Mexico’s Credito Real requests to enter U.S. Chapter 15 bankruptcy procedure
MEXICO CITY – Mexico’s Credito Real said on Tuesday it had requested to enter the U.S. Chapter 15 bankruptcy procedure as the company struggles to meet its financial obligations. In a securities…
Mexico’s Credito Real says commercial court ordered its judicial liquidation
MEXICO CITY – A commercial court recognized the dissolution of Mexico’s Credito Real and ordered its judicial liquidation, the troubled payroll lender said in a filing on Thursday. Credito Real, reeling from…
Moody’s cuts Mexico’s credit rating by one notch, but improves outlook
MEXICO CITY – Moody’s Investors Service on Friday cut Mexico’s credit rating by one notch as it expects weak investment prospects and increased structural rigidities to constrain activity in Latin America’s second-largest…
‘Lack Of Control’: Mexico’s President Slams US Border Policies After San Antonio Tragedy
‘Lack Of Control’: Mexico’s President Slams US Border Policies After San Antonio Tragedy Jennie Taer on June 29, 2022 Mexican President Andres Manuel Lopez Obrador criticized a “lack of control” at the…
Mexico’s new airport gets boost from Panama’s Copa Airlines
PANAMA CITY – Panama’s Copa Airlines announced on Friday it is launching a route from Panama City to Mexico’s recently inaugurated Felipe Angeles International Airport, becoming one of the first foreign airlines…
Leader of Mexico’s United Cartels Extradited to U.S. to Face Charges of Importing Over 1100 Pounds of Crystal Methamphetamine
Miami, Florida – Adalberto Fructuoso Comparan-Rodriguez, a/k/a “Fruto,” who is the former mayor of Aguililla, Mexico and, according to the allegations, a leader of the United Cartels in Michoacán, Mexico, made his…
Mexico’s Volaris aims to lure bus travelers with help from new airports
By Kylie Madry MEXICO CITY – Mexican discount airline Volaris plans to lure lower income travelers who have traditionally stuck to bus travel due to cost and convenience, using a wider variety…
Mexico’s Cemex to fully operate UK cement plant on alternative fuel
MEXICO CITY -Mexico’s Cemex, one of the largest concrete producers globally, said Monday it would fully operate a cement plant in the United Kingdom on a type of alternative fuel, as the…
Facing govt pressure, Mexico’s airlines return to forgotten airport
By Kylie Madry ACAPULCO, Mexico – Several Mexican airlines plan to resume operations at a little-used airport outside Mexico City after a decision to cap flights out of the capital’s crowded main…
Mexico’s factories contract for 26th straight month, inflation near four-year high
MEXICO CITY – Mexico’s manufacturing sector contracted for the 26th month in a row in April, as factories responded to shrinking demand with a further downward adjustment to output and input costs…
Business group blasts Mexico’s new lithium law as violating trade deal
MEXICO CITY – A Mexican law that nationalizes its future lithium industry violates its trade obligations and could prove costly to the government if mining companies seek to recoup losses, the local…
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