July 9, 2019 / 5:40 PM / 9 days ago

Mexican finance minister's resignation 'unexpected, negative,' says Goldman Sachs

MEXICO CITY (Reuters) - The resignation of Mexico’s finance minister is “an unexpected and negative development,” Goldman Sachs wrote in a note to investors on Tuesday, adding that the move hinted at “significant policy and inter-personal frictions” in the government.

Mexican Finance Minister Carlos Urzua, a moderate and widely respected figure, resigned on Tuesday, citing deep differences over economic issues. The move dealt a blow to Mexican President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

Reporting by Anthony Esposito; Editing by Julia Love

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