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Daina Beth Solomon

UPDATE 4-Mexico gives struggling Pemex $5 bln to pay debt, refinancing planned

11 Sep 2019

* Pemex also plans to refinance short-term debt (Adds S&P statement, analyst comment)

Mexico gives struggling Pemex $5 bln to pay debt, refinancing planned

11 Sep 2019

MEXICO CITY Ratings agencies gave a cautiously positive assessment on Wednesday of Mexico's $5 billion cash injection into state oil company Pemex, but it did not dispel the risk of another downgrade of its bonds to speculative grade, or junk, in the next few months.

UPDATE 1-Mexico industrial production slips in July in weak start to Q3

11 Sep 2019

MEXICO CITY, Sept 11 Mexican industrial output slipped 0.4% in July from the previous month, data from the national statistics agency showed on Wednesday, a weak start to the third quarter after Mexico narrowly avoided recession in the first half of the year.

Mexico gets deal with final holdout firm in pipeline contract dispute

11 Sep 2019

MEXICO CITY Mexico's government has reached a deal with infrastructure firm Fermaca in its renegotiation of natural gas pipeline contracts signed under the last government, Mexican President Andres Manuel Lopez Obrador said on Wednesday.

Walmart's Mexico unit springs into same-day delivery, taking on Amazon

02 Sep 2019

MEXICO CITY Walmart Inc's Mexico unit has begun offering delivery within three hours for certain home and tech products ordered online, it said on Monday, taking another step to try to best e-commerce rival Amazon.com Inc at speedy shipping.

LatAm delivery app Rappi plans to double footprint by year-end

31 Aug 2019

MEXICO CITY Latin American delivery app Rappi plans to almost double the number of cities it operates in by year's end, its co-founder said on Friday, following a $1 billion injection from Japan's SoftBank that signals growing foreign interest in the region.

U.N. urges better protection of journalists, activists as Mexico murders climb

26 Aug 2019

MEXICO CITY A Mexican government program to protect journalists and activists is underfunded and cannot guarantee safety amid widespread impunity and threats, the United Nations High Commissioner for Human Rights in Mexico said on Monday.

Mexico president says budget hole probe only targets ex-minister so far

09 Aug 2019

MEXICO CITY Mexico's president said on Friday that a former cabinet minister who had been questioned over an alleged $250 million loss to taxpayers under the previous government was the only official being investigated in the case so far.

Japan's SoftBank chases more deals with Mexican startups

09 Aug 2019

MEXICO CITY Japan's SoftBank Group Corp is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company's interest in Mexico as it pours money into Latin America.

El Paso shopper, recently arrived from Mexico, took a bullet for his wife

05 Aug 2019

Juan de Dios Velazquez had only moved to El Paso, Texas, with his wife Estela Nicolasa from Ciudad Juarez, just across the border in Mexico, six months before they were caught in Saturday's mass shooting at a Walmart store.

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