Mexico

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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

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

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