Grupo Cemza subsidiaries Marinsa and Enermar were recently granted 160 million pesos worth of contracts by Petróleos Mexicanos despite allegations of money laundering and non-compliance against the parent company’s leadership
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By THE PULSE NEWS MEXICO STAFF U.S. Ambassador to Mexico Ken Salazar — who in February stirred diplomat waters by contradicting the Joe Biden administration when he said that Mexican President Andrés Manuel López Obrador (AMLO) “is right” about his country’s energy sector requiring reforms — said Friday, March 18, that the president’s reform will discourage investment in Mexico. Salazar
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By JORGE ANTONIO ROCHA According to a recent U.S. multi-agency investigation, Ramón García Gibson, a current high-ranking official at Mexico’s Treasury Secretariat (Hacienda) and a former employee of HSBC Bank in Mexico, was responsible for allowing that financial institution to become the country’s leading bank of choice for organized crime. HSBC, a British-based multinational investment bank, allegedly allowed Mexican and
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By RICARDO CASTILLO The 2020 Census Is On On Monday, March 3, over 151,000 employees of the National Geography and Statistics Institute (Inegi) took to the task of visiting approximately 45 million homes throughout the nation to conduct the 2020 national population census. The resulting figures will be used by federal, state and municipal governments for planning and decision-making. The
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By RICARDO CASTILLO Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader
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