Edition:
India

Abraham Gonzalez

As Mexico's economic prospects dim, pension funds pile into bonds

06 Aug 2019

MEXICO CITY Dimming prospects for economic growth in Mexico are prompting local pension funds to shift their $194 billion holdings faster than ever to what they see as a safe bet: government bonds.

RPT-'I've got other numbers!' Debate rages over recession in Mexico

23 Jul 2019

MEXICO CITY, July 22 Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.

'I've got other numbers!' Debate rages over recession in Mexico

23 Jul 2019

MEXICO CITY Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.

Mexico recession would hasten annual ratings review, S&P warns

20 Jul 2019

MEXICO CITY Ratings agency Standard & Poor's could accelerate its annual review of Mexico's sovereign bonds and state oil company Pemex if the economy enters a recession and growth estimates fall for 2020, an S&P analyst said on Friday.

Pemex's credit default swaps rise after Mexico finance minister's surprise resignation

17 Jul 2019

MEXICO CITY Following the surprise resignation of Mexican finance minister Carlos Urzua last week and doubts over what the business plan for state oil company Pemex would entail the cost of insuring Pemex bonds rose to the highest level in three years.

Pemex's credit default swaps rise after Mexico finmin's surprise resignation

17 Jul 2019

MEXICO CITY Following the surprise resignation of Mexican finance minister Carlos Urzua last week and doubts over what the business plan for state oil company Pemex would entail the cost of insuring Pemex bonds rose to the highest level in three years.

Foreign bond buyers lift Mexico peso despite trade threats, downgrades

05 Jul 2019

MEXICO CITY Mexico's peso, which swung wildly in early June after a Fitch downgrade and brief U.S. threat to impose tariffs, has steadied as the country's high interest rates attracted foreign buyers of bonds using borrowed money, analysts and economists said.

Mexico power utility seeking $899 million in pipeline dispute; firms to talk

03 Jul 2019

MEXICO CITY Mexican national power company CFE said on Tuesday it is seeking $899 million in a dispute with natural gas pipeline firms and talks with Canada's TC Energy Corp and billionaire Carlos Slim's Grupo Carso would start within days.

UPDATE 3-Mexico power utility seeking $899 mln in pipeline dispute; firms to talk

03 Jul 2019

MEXICO CITY, July 2 Mexican national power company CFE said on Tuesday it is seeking $899 million in a dispute with natural gas pipeline firms and talks with Canada's TC Energy Corp and billionaire Carlos Slim's Grupo Carso would start within days.

Mexican peso will dance in July to rhythm of USMCA and Trump

28 Jun 2019

MEXICO CITY, June 28 Mexico's currency is expected to fluctuate between 18.5 and 20 pesos to the dollar in July as the market awaits U.S. ratification of a trade deal with Mexico and Canada and threats of tariffs from U.S. President Donald Trump linger, analysts say.

World News