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Sharay Angulo

Mexico's Pemex to hire service firms for oil rebound, industry doubtful

10 Sep 2019

MEXICO CITY Mexican national oil company Pemex will offer a new set of oilfield service contracts to interested firms, the finance minister said on Tuesday, as it embarks on the challenge of ramping up production by 17% to meet 2020 budget targets.

UPDATE 2- Mexico's Pemex to hire service firms for oil rebound, industry doubtful

10 Sep 2019

MEXICO CITY, Sept 10 Mexican national oil company Pemex will offer a new set of oilfield service contracts to interested firms, the finance minister said on Tuesday, as it embarks on the challenge of ramping up production by 17% to meet 2020 budget targets.

Mexico's truck makers delay investment amid doubts on new clean diesel rules

27 Aug 2019

MEXICO CITY Mexico's truck manufacturers have not started making the investments they need to assemble and import vehicles that use clean diesel ahead of new rules that will restrict the use of high-sulfur diesel, an industry association said on Tuesday.

LatAm's big two central banks warn of weakening growth, inflation outlook

21 Aug 2019

BRASILIA/MEXICO CITY The heads of the Mexican and Brazilian central banks said separately on Wednesday that sluggish global and domestic economic growth is putting downward pressure on inflation, suggesting that interest rates in both countries will be cut again soon.

Surprise rate cut in Mexico 'no use' for growth in short term

16 Aug 2019

MEXICO CITY The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.

Mexican former minister detained, deepening president's anti-graft quest

13 Aug 2019

MEXICO CITY A judge ordered a former Mexican Cabinet minister to be detained pending a trial over suspected losses to taxpayers, her lawyer said on Tuesday, opening a new front in President Andres Manuel Lopez Obrador's campaign to eradicate corruption.

Mexico's dependence on U.S. demand spells trouble for weak economy

01 Aug 2019

MEXICO CITY Under the threat of U.S. trade tariffs, Mexico's president has pledged to make his country less reliant on U.S. demand. But exports to its northern neighbor have been one of the few things driving Latin America's second-largest economy this year.

Last Volkswagen Beetle drives into the sunset

11 Jul 2019

PUEBLA, Mexico Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes towards SUVs. | Video

Top Mexico business lobby seeks to lift private sector investment

14 Jun 2019

MEXICO CITY An influential Mexican business lobby on Thursday said it is aiming to increase private investment in the next two years to 20% of gross domestic product, up from 17.5%, signaling a shift towards better collaboration with the leftist president.

UPDATE 1-Mexico must boost Pemex creditworthiness -central bank chief

12 Jun 2019

MEXICO CITY, June 12 Mexico should reinforce Pemex's creditworthiness after recent downgrades given the state oil company's importance for the economy, public finances and the financial system, Central Bank Governor Alejandro Diaz de Leon said on Wednesday.

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