Mexico

Results for Mexico

Mexico's Geo Says Creditors Approve Debt Restructuring Plan

Mexican homebuilder Geo said on Monday its main creditors have approved its debt restructuring plan, which the firm hopes will allow it to exit bankruptcy proceedings. Shares in the company, formerly Mexico's no. 1 homebuilder, have been suspended s ...

Daily Headline - global.abi.org - 04/28/2015 - 21:56 - 0 comments

Mexico Homebuilder Geo Sets Meeting To Present Debt Restructuring

Mexican homebuilder Geo has called a meeting to present a debt restructuring plan, which it hopes will be approved by the majority of its creditors, the company said on Tuesday, Reuters reported. The meeting will be on May 6 in Mexico City, Geo said in a ...

Daily Headline - global.abi.org - 04/21/2015 - 21:02 - 0 comments

Mexican Builder Homex Renews Relationship With Infonavit

Debt-saddled Mexican homebuilder Desarrolladora Homex said Monday that it is back in the good graces of Mexican mortgage institution Infonavit, which extends the majority of home loans in the country, The Wall Street Journal reported. Homex said it h ...

Daily Headline - global.abi.org - 04/13/2015 - 22:26 - 0 comments

In Mexico Oil Market, Mood Moves From Excited to Anxious

Mexico kicked off the opening of its oil industry to great fanfare. At a packed event at the Technology Museum here seven months ago, maps flashed on a giant screen showing dozens of oil fields that would be put up for bid to private companies for the fi ...

Daily Headline - global.abi.org - 03/15/2015 - 21:21 - 0 comments

AT&T To Buy NII Holdings' Wireless Business In Mexico

AT&T Inc said on Monday it would buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion in a move to create a larger Mexican wireless player that will have a better chance of competing with No. 1 America Movil, Reuters re ...

Daily Headline - global.abi.org - 01/26/2015 - 23:12 - 0 comments

Latin American Default Wave Just Getting Started: Credit Markets

Latin America is turning into the world leader in corporate-bond defaults, Bloomberg News reported. Four companies in the region have skipped dollar-denominated debt payments this month, more than any other area and almost half the total in all of 2014. ...

Daily Headline - global.abi.org - 01/22/2015 - 23:35 - 0 comments

Mexico’s Ahmsa Reaches Exit Accord After 15 Years in Bankruptcy

Altos Hornos de Mexico SA, the steelmaker known as Ahmsa, said it asked a judge to end its 15-year bankruptcy following an agreement with a majority of creditors that calls for repayment of $1.7 billion. Creditors will be called to a meeting to confirm t ...

Daily Headline - global.abi.org - 12/17/2014 - 22:51 - 0 comments

Mexico's Urbi Files For Bankruptcy To Restructure Debt

Mexican homebuilder Urbi has filed for bankruptcy protection to restructure its debt, the company said on Tuesday, Reuters reported. The creditors which have so far signed the restructuring plan held some 21.9 billion pesos ($1.55 billion) in debt, equiv ...

Daily Headline - global.abi.org - 12/02/2014 - 23:53 - 0 comments

Mexico’s Bold Move on Debt Restructuring Contracts

No one expects Mexico to restructure its debt anytime soon. But if it ever does, so-called vulture investors like Mr. Singer’s Elliott Management will find it much harder to crash the debt restructuring party – as they have done so successfully in Argent ...

Daily Headline - global.abi.org - 11/12/2014 - 21:48 - 0 comments

Mexico Looks to Raise Wages

Mexico is attracting record levels of foreign investment, boasts a stable economy, and is becoming an export powerhouse in areas like cars and aerospace. But when it comes to one economic measure—its minimum wage—the country lags behind only Haiti in the ...

Daily Headline - global.abi.org - 08/28/2014 - 21:35 - 0 comments

Syndicate content