An involuntary bankruptcy against Mexico’s TV Azteca has been dismissed, with a bankruptcy-court judge saying that the multimedia conglomerate and its bondholders are involved in a dispute that must play out in U.S. district court, WSJ Pro Bankruptcy reported. TV Azteca had been sued over missed payments to bondholders in a case in district court, and then earlier this year an involuntary bankruptcy petition was filed by a group of bondholders in bankruptcy court.

Mexico's central bank governor said in a newspaper interview published on Monday that easing inflationary pressure meant the Bank of Mexico could start looking at gradually cutting its key interest rate, but that it was unlikely to happen this year, Reuters reported.

Petroleos Mexicanos’ losses deepened and production dropped, complicating the oil explorer’s efforts to whittle down its hefty debt burden, Bloomberg News reported. Pemex’s net loss widened to 79.13 billion pesos ($4.4 billion) from 25.44 billion pesos in the prior period, the company reported Friday, the worst result since the end of 2022. Crude and condensate production fell to 1.85 million barrels a day from 1.88 million in the second quarter. Light crude production fell by 83,000 barrels a day from a year ago, while condensate rose by 192,000 barrels a day.

Mexico's economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official said on Wednesday, as one central banker flagged a "long battle ahead" to better corral creeping consumer prices, Reuters reported. In testimony before lawmakers, Deputy Finance Minister Gabriel Yorio talked up the expected expansion of the country's gross domestic product (GDP), and largely dismissed concerns that the gaining value of the local currency was bad for shipments to foreign markets.

Mexico’s annual inflation slowed past all forecasts in early October as the central bank pledges to hold interest rates at a record high in Latin America’s second-largest economy, Bloomberg News reported. Consumer prices rose 4.27% in the first half of the month compared to the same period a year earlier, down from 4.47% in late September, the national statistics institute reported Tuesday. The print was below all analyst forecasts in a Bloomberg survey that had a 4.37% median estimate.

Mexico's economic activity exceeded expectations in August driven by a strong performance of primary activities, including agriculture, and a rebound in the services sector, data from statistics agency INEGI showed on Monday, Reuters reported. In Latin America's second-largest economy, activity grew 0.4% in August from July and expanded 3.7% on an annual basis, INEGI said, despite the country's restrictive monetary policy with benchmark interest rates at 11.25% to tame high inflation.

Mexico’s new state-owned airline has no planes or scheduled flights registered under its name a little more than a month before it’s supposed to start operations, Bloomberg News reported. Creating the carrier has been a pet project of President Andres Manuel Lopez Obrador, who has promised prices 20% below commercial airlines on 20 routes serving big cities and beach destinations. The plan, announced in dribs and drabs over the past few months, was to initially lease 10 Boeing 737-800 jets, with three deliveries scheduled for late September and the rest for late October.

Mexico's lower house moved to cut a profit sharing rate owed by state-owned oil giant Pemex to 30%, from its current 40%, as part of a sweeping 2024 tax bill passed by lawmakers early Friday morning, amid attempts to control Pemex's soaring debt, Reuters reported. Pemex's profit sharing rate (DUC), which is effectively a tax paid to the government, has been gradually lowered during President Andres Manuel Lopez Obrador's administration from a high of 65%. The bill, passed after a marathon overnight session, will be sent on to the senate for approval.

Mexico’s central bank is open to starting interest rate cuts in mid-2024, later than analysts expect, as a strong local economy complicates its inflation fight, a prominent board member said in an interview, Bloomberg News reported. Analysts are correct in penciling in the start of Banco de Mexico’s monetary easing no earlier than the first quarter of 2024, Jonathan Heath said in an interview on Friday.

Credito Real filed a prepackaged insolvency agreement in a Mexican federal court on Friday, people familiar with the matter said, in a bid to resolve the collapse of what had been the country’s biggest payroll lender, Bloomberg News reported. The company filed a so-called concurso mercantil with a plan that is backed by more than 50% of holders of its $1.9 billion of dollar bonds, said the people, requesting anonymity since they were not authorized to speak with media.