Mexico

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Mexico Delivers Unexpected Rate Rise With Eye On Inflation

Mexico’s central bank raised the key lending rate by half a point to 3.75 per cent at an extraordinary meeting on Wednesday in an attempt to nip in the bud the prospect of rising inflation, the Financial Times reported. The bank — which followed the ...

Daily Headline - global.abi.org - 02/17/2016 - 22:11 - 0 comments

Abengoa's Mexican Unit Misses Interest Payments to Noteholders

Abengoa SA, the Spanish renewable energy company that has filed for creditor protection, missed interest payments to noteholders in Mexico, Bloomberg News reported. Abengoa de Mexico SA investors were due 1.16 million pesos ($70,000) on Thursday, financi ...

Daily Headline - global.abi.org - 11/29/2015 - 18:13 - 0 comments

Mexican Homebuilder Homex Says Its Shares Can Trade Again

Mexican homebuilder Homex , which emerged from bankruptcy proceedings in July, said on Thursday that the national securities regulator CNBV has cleared its shares to trade again, Reuters reported. Homex shares were suspended last year, when a debt crisis ...

Daily Headline - global.abi.org - 10/15/2015 - 21:01 - 0 comments

Mexico’s Central Bank Cuts 2015 Growth Forecast

Mexico’s central bank on Wednesday cut its growth outlook for this year, putting pressure on the bank to keep interest rates low as long as possible despite a weak peso, The Wall Street Journal reported. In its quarterly inflation report, the Bank of ...

Daily Headline - global.abi.org - 08/12/2015 - 20:43 - 0 comments

Mexico Sees Poverty Climb Despite Rise In Incomes

Mexico, a middle-income but highly unequal country, is betting on sweeping structural reforms to catapult it into the big league of advanced economies. But it is not winning the battle against poverty and has not been for the past quarter of a century, d ...

Daily Headline - global.abi.org - 07/30/2015 - 22:23 - 0 comments

Mexican Homebuilder Homex Emerges From Bankruptcy Proceedings

Mexican homebuilder Homex on Thursday said it had emerged from bankruptcy proceedings and looked forward to resuming business operations, Reuters reported. A court in Culiacan approved the company's bankruptcy plan, the company said in a statement. ...

Daily Headline - global.abi.org - 07/09/2015 - 22:49 - 0 comments

Judge Approves Debt Restructuring Plan For Mexico Homebuilder Geo

A Mexican judge said on Monday he had approved the debt restructing plan for Mexican homebuilder Geo, which entered into bankruptcy protection in April 2014, Reuters reported. The judge said bankruptcy protection for Geo and four of its units was over, a ...

Daily Headline - global.abi.org - 06/15/2015 - 21:21 - 0 comments

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

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