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Exclusive: Pemex’s trading arm bans new business with Trafigura – sources
RIO DE JANEIRO, BRAZIL - (REUTERS) The commercial arm of Mexican state oil company Petroleos Mexicanos (Pemex) has temporarily banned new business with Trafigura...
A close look at the “betrayal” of the former head of Pemex in the Odebrecht case
RIO DE JANEIRO, BRAZIL - Journalist Mario Maldonado offers in a new book a close look at the "betrayal" of Emilio Lozoya, former head...
Mexico’s Pemex reports fourth-quarter profit of over US$6 billion
RIO DE JANEIRO, BRAZIL - Mexico’s state oil company Petroleos Mexicanos (Pemex) reported on Friday, February 26th, a fourth-quarter 2020 net profit of 124.28...
Mexico’s support for Pemex to drive widening fiscal deficit, Moody’s says
RIO DE JANEIRO, BRAZIL - Mexico’s fiscal deficit will widen to 4.1% of gross domestic product this year, with ongoing support for ailing state...
Mexico’s government readying roughly US$5 billion Pemex lifeline, source says
RIO DE JANEIRO, BRAZIL - (Reuters) Mexico’s government will inject between US$1.3 billion and US$1.6 billion into state oil company Petroleos Mexicanos (Pemex) this...
PEMEX Finances, Fiscal Performance Will Impact S&P’s Mexico Rating
RIO DE JANEIRO, BRAZIL - S&P Global Ratings said on Thursday, December 10th, its next rating decision on the Mexican sovereign debt will depend...
Mexico’s Oil Output Dips Amid Field Challenges
Mexico faces declining oil production, primarily from the Ku offshore and Quesqui terrestrial fields, both vital assets under state-run Petróleos Mexicanos (Pemex).
Recent figures from...
Mexico Grapples with Significant Fiscal Challenges Unseen Since the 1980s
As 2024 unfolds, Mexico confronts fiscal challenges reminiscent of the difficulties last seen in the 1980s.
The local economy's cooling has alarmed the Mexican Institute...
Mexico’s Budget Balloons as AMLO Prepares for Election
Mexico's President Andrés Manuel López Obrador (AMLO), known for his initial fiscal conservatism, has shifted gears dramatically.
He's increased government spending to levels not seen...
Bank of Mexico Cuts Interest Rate After Three Years
On Thursday, March 21, the Bank of Mexico (Banxico) announced a key interest rate cut, its first in three years.
This decision comes as the...
Mexico’s Stand Against Texas’ Immigration Law
Mexico asserts it won't accept repatriations from Texas, challenging the SB4 law termed anti-immigrant.
The Supreme Court's decision allowing Texas to detain and deport undocumented...
Sheinbaum Unveils Economic Plans for Mexico
On March 1, 2024, Claudia Sheinbaum began her presidential campaign in Mexico City's Zocalo, representing the Morena party and the "Let's Keep Making History"...
Mexico Sees Lowest Oil Production in a Year as 2024 Begins
At the start of 2024, Mexico experienced its lowest oil production in twelve months, with the National Hydrocarbons Commission reporting a daily output of...
New Rule Prohibits Pension Funds for the Ultra-Rich in Brazil
The Brazilian government has banned new exclusive pension funds, targeting tax loopholes favored by the rich.
This action aims to halt tax avoidance strategies that...