Mexico

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Mexico's Credit Risk Is the Highest Since Trump's Inauguration

Mexico’s credit risk is at the highest level since the days after Donald Trump’s inauguration. Five-year credit-default swaps that hedge against a drop in the value of Mexico’s sovereign debt have soared as the July 1 presidential election nears, Bloombe ...

Daily Headline - global.abi.org - 06/11/2018 - 23:58 - 0 comments

Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed

The Mexican peso sank to its weakest in more than a year on concern the U.S. may leave the Nafta agreement and try to negotiate two separate free-trade deals with Mexico and Canada, Bloomberg News reported. The currency slid for a fourth day, dropping 1. ...

Daily Headline - global.abi.org - 06/05/2018 - 22:38 - 0 comments

The Emerging Markets Restructuring Journal

This sixth issue is special in that it is published in anticipation of the International Bar Association’s Latin American Regional Forum in Mexico City and includes a diverse range of articles reflective of this region. A piece on the Oi restructuring sh ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:43 - 0 comments - 0 attachments

Calls for Probe of Mexico State Pension Fund Investment After Reuters Report

The head of a Mexican congressional committee on Tuesday called for an investigation of an investment by state workers’ pension fund PensionIssste, after Reuters reported it spent millions on shares in a company spiraling toward bankruptcy, Reuters repor ...

Daily Headline - global.abi.org - 03/14/2018 - 21:06 - 0 comments

Mexican State Pension Fund Spent Millions on Failing Builder

Mexico's state workers' pension fund plowed more than $20 million into ICA and became the largest shareholder as the builder spiraled toward insolvency, according to people familiar with the matter, with the fund's investment set to be wip ...

Daily Headline - global.abi.org - 03/12/2018 - 23:07 - 0 comments

Mexico's ICA Says Judge Approved Creditors Agreement

Mexican construction company ICA said on Monday that a judge had approved its creditors agreement, ending the group’s bankruptcy proceedings, Reuters reported. ICA suspended debt payments at the end of 2015 after a crash in the peso made its dollar-denom ...

Daily Headline - global.abi.org - 03/05/2018 - 21:21 - 0 comments

Deal Making Declines for Second Consecutive Year in Mexico

Deal making by Mexican companies declined for the second year in a row in 2017 on concerns about the future of free trade with the U.S. and uncertainty related to next year’s presidential elections, the Wall Street Journal reported. Mergers and acqui ...

Daily Headline - abi_admin - 12/27/2017 - 23:46 - 0 comments

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

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