Edition:
United Kingdom

Abraham Gonzalez

Mexico's peso faces volatility spikes ahead of U.S. election

07 Oct 2020

MEXICO CITY, Oct 7 Mexico's peso is facing the highest volatility in five months, experts say, as markets grow nervous about the upcoming U.S. presidential elections and possible economic policy outcomes.

EXCLUSIVE-Pemex could tap Mexican debt market more

10 Sep 2020

MEXICO CITY, Sept 10 Mexican state oil company Petroleos Mexicanos should consider borrowing more on the local market to meet its vast financing requirements, a top official said after the finance ministry presented an austere 2021 budget.

Exclusive: Mexico's Pemex could look to Mexican borrowers for financing needs

10 Sep 2020

MEXICO CITY Mexican state oil company Petroleos Mexicanos should consider borrowing on the local market to meet its vast financing requirements, a top official said after the finance ministry presented an austere 2021 budget.

Exclusive: Mexico may extend relaxed bank credit rules to help economy grow

10 Sep 2020

MEXICO CITY Mexico's finance ministry is considering extending relaxed banking credit rules to help its battered economy recover, a top official said on Wednesday, after it presented an austere 2021 budget that leaves little room to maneuver.

UPDATE 4-Mexico government defends 2021 budget some deem 'optimistic'

09 Sep 2020

MEXICO CITY, Sept 9 Mexico's finance minister on Wednesday defended his 2021 budget, calling next year's growth estimate responsible, as ratings agency Moody's warned the government's austere approach to public finance "was not sustainable."

CORRECTED-UPDATE 3-Mexico government defends 2021 budget, Moody's says it is not sustainable

09 Sep 2020

MEXICO CITY, Sept 9 Mexico's finance minister on Wednesday defended his 2021 budget, calling next year's growth estimate responsible, as ratings agency Moody's warned the government's austere approach to public finance "was not sustainable."

UPDATE 1-Mexico raises gross debt limit to 70% for rest of president's term

08 Sep 2020

MEXICO CITY, Sept 7 Mexico has raised a non-binding limit for gross debt to 70% of gross domestic product (GDP), almost 20 percentage points above last year's level, for the remaining four years of the term of its fiscally conservative president.

Mexico raises gross debt limit to 70% for rest of president's term

08 Sep 2020

MEXICO CITY Mexico has raised a non-binding limit for gross debt to 70% of gross domestic product (GDP), almost 20 percentage points above last year's level, for the remaining four years of the term of its fiscally conservative president.

Latam FX in better mood despite local risks, watching U.S. vote run-up: Reuters Poll

03 Sep 2020

BUENOS AIRES Latin American currencies will pick up somewhat in the near term, as investors watch the U.S. presidential election campaign for any hints about Washington's future approach toward the region, a Reuters poll showed.

Mexico credit rating at risk if Pemex, CFE debt keeps rising: S&P

23 Jul 2020

MEXICO CITY Ratings agency S&P said on Thursday it would be difficult for Mexico to maintain its sovereign investment grade rating if debts keep rising at state-oil company Petroleos Mexicanos and the state power company, the Comision Federal de Electricidad.

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