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Stefanie Eschenbacher

Mexican cartel operated with 'license' from previous government, current official says

12:18am BST

MEXICO CITY A violent Mexican cartel that stole vast amounts of fuel from state energy company Petroleos Mexicanos (Pemex) could operate for years because top government officials at the time looked the other way, a senior official from the current administration said.

Mexican cartel operated with 'license' from previous government, current official says

05 Aug 2020

MEXICO CITY, Aug 5 A violent Mexican cartel that stole vast amounts of fuel from state energy company Petroleos Mexicanos (Pemex) could operate for years because top government officials at the time looked the other way, a senior official from the current administration said.

Exclusive: Mexico moves to launch world's largest oil hedge - sources

24 Jul 2020

NEW YORK/MEXICO CITY Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal.

EXCLUSIVE-Mexico moves to launch world's largest oil hedge -sources

24 Jul 2020

NEW YORK/MEXICO CITY, July 24 Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while trading in crude oil options has increased this week ahead of the megadeal.

Exclusive: Mexico eager to lure firms from Asia under new trade deal

21 Jul 2020

MEXICO CITY Mexico has spoken to a host of foreign companies, particularly steelmakers, in an effort to lure business from Asia to capitalize on a new North American trade deal, Economy Minister Graciela Marquez said on Monday.

Mexico consulting with China, Oxford and AstraZeneca on coronavirus vaccine trials

30 Jun 2020

MEXICO CITY Mexico is in talks with the Chinese government and private Chinese laboratories, as well as the University of Oxford and company AstraZeneca about running trials for experimental COVID-19 vaccines, a senior Mexican official said on Monday.

Exclusive: Mexico's oil hedge to be pricier, but government likely doing it anyway

15 Jun 2020

NEW YORK/MEXICO CITY Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said.

Stumbling angel? Mexico risks losing investment grade credit rating

08 Jun 2020

MEXICO CITY Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rating relegated to "junk" territory as the COVID-19 pandemic rages on.

Why bond investors are willing to bet on money-losing Pemex after oil price crash

22 May 2020

MEXICO CITY/NEW YORK Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.

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