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Mexico

Mexico Faces Energy Crisis Amid Scorching Heat Wave

Mexico grapples with an energy crisis as scorching heat waves drive electricity consumption to unprecedented levels. Rolling blackouts now disrupt life in both bustling cities...

Banxico Holds Interest Rate Steady at 11% Amid Inflation Concerns

The Bank of Mexico (Banxico) decided to keep its interest rate unchanged at 11%, halting its recent easing cycle. This move aligns with the expectations of many analysts surveyed by Citibanamex. Banxico's monetary policy committee...

Tensions Rise as Mexico Faces Inflation Spike Before Central Bank’s Rate Decision

In April 2024, Mexico's markets buzzed with activity as inflation unexpectedly rose for a second month, just before Banxico's key rate decision. The National Consumer...

Challenges Ahead: Pemex’s Declining Oil Production

As 2024 approaches, Petróleos Mexicanos (Pemex), led by CEO Octavio Romero Oropeza, braces for...

Pemex Hits Historic Low in Oil Exports

Petróleos Mexicanos (Pemex), Mexico's state-run oil giant, dramatically reduced its crude exports to unprecedented levels. This strategic shift supports the...

Xóchitl Gálvez’s Decisive Moment in Mexico’s Presidential Debate

As the presidential debate on April 28 looms, Xóchitl Gálvez, the opposition candidate, prepares to challenge frontrunner Claudia Sheinbaum. Trailing significantly in the polls, Gálvez...

Mexico Records Remarkable Trade Surplus in March

In March, Mexico showcased a notable turnaround in its economic performance, registering a significant trade surplus of $2.098 billion. This...

Pemex Profits Plummet 92% in Early 2024

In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from...

Mexico’s Oil Output Dips Amid Field Challenges

Mexico faces declining oil production, primarily from the Ku offshore and Quesqui terrestrial fields,...

The Decline of Latin America’s Currency Rally

The Colombian peso's rally, mirroring the 15% increase seen in Mexico's peso in 2023, might...

América Móvil Seizes Growth Opportunity in Chile Amid Industry Shake-Up

América Móvil, a dominant force in Latin American telecommunications, is strategically positioning itself to capitalize on the turmoil surrounding...