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Stefanie Eschenbacher

Time for Pemex to step up to fend off downgrade, deputy finance minister says

12 Sep 2019

MEXICO CITY After a $5 billion government lifeline to pay off debt, Mexico's struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said.

UPDATE 2-Time for Pemex to step up to fend off downgrade, deputy finance minister says

12 Sep 2019

MEXICO CITY, Sept 12 After a $5 billion government lifeline to pay off debt, Mexico's struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said.

Mexico pushes back after top U.S. court favours Trump on shunning migrants

12 Sep 2019

MEXICO CITY The Mexican government protested and Central American migrants feared deportation back to their violent homelands on Thursday after the U.S. Supreme Court allowed President Donald Trump to slam the door on asylum-seekers at the U.S.-Mexican border.

Mexico defends budget plans as growth forecast comes under fire

10 Sep 2019

MEXICO CITY Mexico's finance minister defended the 2020 budget proposal on Monday, insisting that his tax revenue and spending projections are credible, despite concerns that the underlying forecasts for growth and oil output are overly optimistic.

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

05 Sep 2019

NEW YORK/MEXICO CITY Mexico has made the first moves to launch its annual $1 billion (811 million pounds) oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.

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

05 Sep 2019

NEW YORK/MEXICO CITY, Sept 5 Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.

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

05 Sep 2019

NEW YORK/MEXICO CITY, Sept 5 Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in recent days, consistent with the giant trade.

Mexico nearing $1 billion oil hedge program: sources

30 Aug 2019

NEW YORK/MEXICO CITY Mexico is close to executing its annual oil hedging program on Wall Street, three people familiar with the matter said this week, after oil price volatility and a coming change to marine fuel regulations slowed the process.

RPT-Senior Mexican lawmaker calls for tax on purchases from Amazon, Uber, other digital platforms

24 Jul 2019

MEXICO CITY, July 24 A senior Mexican lawmaker plans to present a bill in Congress to tax purchases on Amazon, Uber and AirBnB and other digital platforms to help fill a multibillion-dollar revenue hole after changes in how state oil company Pemex contributes to government finances.

Market braces for Mexico's annual oil hedge, trading surges: sources

22 Jul 2019

NEW YORK/MEXICO CITY Trading in crude oil options and futures surged last week as market participants prepared for Mexico's annual oil hedging program, in which the country buys as much as $1 billion in contracts to protect its oil revenues.

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