Mexico

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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

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

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