After a year and a half of negotiating with Mexican firms for the sale of Banamex, New York financial firm Citigroup announced that Banamex will instead be sold via initial public offering in 2025
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López Obrador has already successfully expropriated a total of 2,038 hectares for his priority railway project
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Pressed for time, and with a plan to inaugurate this new train route in December of this year to funnel passengers to the hard-to-get AIFA, AMLO has resorted to the expropriation of land
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As a result of the railways expropriation, Grupo México shares on the Mexican Stock Exchange (BMV) fell by 4.29 percent
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PULSE NEWS MEXICO Mexican billionaire Carlos Slim’s Inbursa financial group announced on Wednesday, Nov. 23, that it was withdrawing from its former commitment to purchase Banamex, Citigroup’s consumer and corporate banking business in Mexico. “After the presentation of a nonbinding proposal for the acquisition of said businesses, the parties have mutually agreed that Imbursa will not continue in the following
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By JUAN DE JESÚS BREENE One of the first topics in most high school world geography classes is, “Why are some countries rich while other countries are poor?” The answer is a relatively simple one: a combination of its level of corruption, its geography, climate, whether it is landlocked, security of property rights, economic flow and, one of the most
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By RICARDO CASTILLO Women March Nationwide From A and B to Y and Z, Mexican women will protest in Monday, March 8, International Women’s Day, against macho violence in the nation. Though in the past, much of the attention of previous demonstrations has been centered around the Mexico City main square Zócalo, this year the programming for the protests will
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By RICARDO CASTILLO Wind and Solar Energy Thwarted The publication in the Mexican government’s Official Gazette on Friday, May 15, of a change in federal electricity policies, titled the Policy of Trustworthiness, Security, Continuity and Quality in the National Electricity System has irked many a foreign corporation that has invested in renewable electricity. Mexican Energy (Sener) Secretary Rocío Nahle has
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By RICARDO CASTILLO Mexican Army Grooves to Music and Dance The Mexican Armed Forces (Army, Navy and Air Force) took a two-day-long recess to commemorate the 107th anniversary of its foundation on Feb. 19, 1913. The celebration began on the night of Tuesday, Feb. 18, with the National Defense Secretariat (Sedena) Symphony and Choir delivered a spectacular concert, mostly for officers,
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By RICARDO CASTILLO Mexican Constitution Day Though officially sessions for both houses of the Mexican Congress kicked off on Saturday, Feb. 1, the first gathering to discuss legal issues will be on Mexico’s Constitution Day, Feb. 5. By now, 14 months after he was sworn in, President Andrés Manuel López Obrador (AMLO) has most of his campaign legislative agenda laid
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