Mexico

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Mexico's Urbi Sees Income Of $103 Million In 12 Months, $1.57 Billion In 5 Years

Mexican homebuilder Urbi said on Monday it expects to generate income worth roughly 1.9 billion pesos ($103.08 million) in the 12 months following its latest cash injection, and 29 billion pesos ($1.57 billion) over the next five years, Reuters reported. ...

Daily Headline - global.abi.org - 07/04/2016 - 22:50 - 0 comments

The Emerging Markets Restructuring Journal Debut Issue

The Emerging Markets Restructuring Journal, founded by Cleary Gottlieb lawyers and featuring contributions from colleagues and advisors around the world, focuses on emerging markets restructuring law and practice. The publication aims to gather cutti ...

Resource Article - twallace@abiwor... - 06/28/2016 - 13:30 - 0 comments - 0 attachments

Mexico’s ICA Obtains Loan, Unveils Downsizing Plan

Struggling Mexican construction company Empresas ICA SAB said Friday it has secured a $215 million loan to fund current and future work as it outlined a plan to become a much leaner company, The Wall Street Journal reported. ICA, which has $1.35 bill ...

Daily Headline - global.abi.org - 06/19/2016 - 22:11 - 0 comments

Mexico’s ICA Obtains Loan, Unveils Downsizing Plan

Struggling Mexican construction company Empresas ICA SAB said Friday it has secured a $215 million loan to fund current and future work as it outlined a plan to become a much leaner company, The Wall Street Journal reported. ICA, which has $1.35 bill ...

Daily Headline - global.abi.org - 06/19/2016 - 22:08 - 0 comments

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

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