Summer Nears, but No Vacation in Sight
Political temperatures are also rising, and potential conflicts and near-miss economic catastrophes are coming to a head in the Western Hemisphere and around the globe
Read moreTag Archives: Grupo México
Citigroup Ends Direct Sale of Banamex, Announces IPO
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
Read moreOver 2,000 Hectares Expropriated for Tren Maya
López Obrador has already successfully expropriated a total of 2,038 hectares for his priority railway project
Read moreAMLO Expropriates EdoMéx Plots to Expand Suburban Train
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
Read moreAMLO Administration Expropriates Private Railroads from Grupo México
As a result of the railways expropriation, Grupo México shares on the Mexican Stock Exchange (BMV) fell by 4.29 percent
Read moreSlim Pulls Out of Banamex Purchase
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
Read moreNavigating Mexico: Protecting Your Pesos
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
Read moreMexico News Roundup
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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