Mexico

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Mexico's ICA Says Filed Pre-Packaged Bankruptcy Plan

Mexican construction company ICA said late on Friday it and its subsidiaries had filed a pre-packaged bankruptcy plan that had been subscribed to by the majority of its creditors, Reuters reported. ICA, which has been struggling under a high dollar-denom ...

Daily Headline - global.abi.org - 08/27/2017 - 21:05 - 0 comments

U.S. Protectionism Poses Sizable Risk to Mexico Growth

Mexico’s economy faces “sizable” risks as the U.S. considers renegotiation of the Nafta free-trade agreement and other protectionist policies, the Organisation for Economic Cooperation and Development said in a report. Latin America’s second-largest econ ...

Daily Headline - global.abi.org - 06/07/2017 - 22:55 - 0 comments

Mexico’s Multiplying Problems Threaten to Undermine Nafta Talks

When President Enrique Peña Nieto called Donald Trump and persuaded him not to scrap the North American Free Trade Agreement on his 100th day in office, it was a reminder that Mexico has not lost its touch in managing international crises. Debt default, ...

Daily Headline - global.abi.org - 05/08/2017 - 22:36 - 0 comments

Bank of Mexico Sells Dollars as Peso Reaches New Lows

The Bank of Mexico stepped into the exchange market Thursday for the first time in almost a year to support the peso, which hit new lows against the U.S. dollar on fears that protectionist measures by the incoming administration of U.S. President-elect D ...

Daily Headline - global.abi.org - 01/05/2017 - 22:13 - 0 comments

Mexicans Block Roads, Stations to Protest Gasoline Hikes

Small groups of protesters blockaded some roads and gasoline stations in Mexico on Monday to protest a government price deregulation that sent the price of fuel up by as much as 20 percent over the weekend, the International New York Times reported. ...

Daily Headline - global.abi.org - 01/02/2017 - 22:15 - 0 comments

Mexicans Face New Year Shock At Petrol Pumps

Mexico’s government has announced the biggest increases in petrol prices in almost two decades in a move that risks a backlash against its efforts to liberalise the country’s energy market, the Financial Times reported. The average prices across Mexi ...

Daily Headline - global.abi.org - 12/27/2016 - 22:28 - 0 comments

Bank of Mexico’s Agustín Carstens Leaving to Lead Bank for International Settlements

Bank of Mexico Gov. Agustín Carstens will step down in July to become general manager of the Switzerland-based Bank for International Settlements, The Wall Street Journal reported. Mr. Carstens will assume the post, which carries a five-year term, in ...

Daily Headline - global.abi.org - 12/01/2016 - 23:24 - 0 comments

Debt-Laden Mexican Builder ICA Names New CEO Tasked With Restructuring

Mexico's embattled construction firm ICA said on Thursday it has named Guadalupe Phillips as its new chief executive officer, tasked with its ongoing financial restructuring. ICA, struggling under a high dollar-denominated debt load and a dwindling ...

Daily Headline - global.abi.org - 11/03/2016 - 21:33 - 0 comments

Mexico Finance Head Assured on Debt Plan Even With Rate Rise

Ratings and Moody’s Investors Service, given its plan to have a primary surplus of 0.4 percent of gross ...

Daily Headline - abi_admin - 09/30/2016 - 14:42 - 0 comments

Mexico's America Movil Eyes Acquisition Of Brazil Rival Oi

America Movil SAB is interested in acquiring some or all of the operations run by struggling Brazilian rival Oi SA, the chief executive of the Mexican telecom giant said in a newspaper interview published on Wednesday. Brazilian paper Valor Economico rep ...

Daily Headline - global.abi.org - 09/21/2016 - 23:05 - 0 comments

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