HLED Set the Stage, Now Comes the Haggling
By ANTONIO GARZA, former U.S. ambassador to Mexico
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IMF Calls on Mexico to Reform Fiscally
By KELIN DILLON According to the International Monetary Fund’s (IMF) External Sector Report, Mexico drastically needs to reform its fiscal practices and implement increased monetary support to its inhabitants if it wants to fully recover from the economic effects of covid-19. “More domestic fiscal support is needed in the short term to ease the tensions of the pandemic, reduce scars
Read moreWhat the Moody’s Downgrade Means for Pemex…and Mexico
By THÉRÈSE MARGOLIS When the international rating agency Moody’s Analytics downgraded Mexico’s state-run oil giant Petróleos Mexicanos credit again earlier this week — this time to out-and-out “junk” with a “negative outlook” — it should have set alarm bells ringing nationwide as to the country’s credibility with investors and lenders. Moody’s new rock-bottom Ba3 rating — based mostly on the
Read moreChina Invests $14 Billion in Mexico Over Past Two Decades
By KELIN DILLON New reports have revealed that Chinese firms have invested a staggering $14 billion in Mexico over the past two decades, with 42 percent of this investment occurring in 2019 and 2020. In an analysis from the Academic Network of Latin America and the Caribbean, Chinese companies have put $5.81 billion of capital into Mexico in the last
Read moreDiplomatic Tiff with Israel May Prevent Zerón Extradition
By THÉRÈSE MARGOLIS Back in May, Israel registered a formal complaint against Mexico for voting in favor of the creation of a United Nations special commission to investigate allegations of Israeli war crimes against Palestinians during the 11-day Guardian of the Walls operation in which Israel defended itself from thousands of rockets being sent into its territory by the terrorist
Read moreInvestment in Mexican Mining Falls 43 Percent in Two Years
By THE PULSE NEWS MEXICO STAFF Political uncertainty, excessive bureaucracy and growing insecurity have caused Mexico to drop 13 places on the international mining attractiveness index in just two years, and investment in the sector to fall 42.8 percent in that same period. According to the Canadian Fraser Institute research center, while in 2018 Mexico ranked 29th out of 83
Read moreMexico-Hong Kong Investment Agreement Set to Kick In
XINHUA The Investment Promotion and Protection Agreement (IPPA) between Hong Kong and Mexico will enter into force on Wednesday, June 16, the Hong Kong Special Administrative Region (HKSAR) government announced on Sunday, June 6. The HKSAR government said the accord will enhance the confidence of investors, expand investment flows between Hong Kong and Mexico, and further strengthen bilateral economic and
Read moreMexican Economy Recovering in Fits and Starts
XINHUA The Mexican economy is recovering at different “two speeds” from the collapse caused by the covid-19 pandemic, with exports growing at a steady pace and consumption gradually increasing with fits and starts, the Organization for Economic Co-operation and Development (OECD) said on Monday, May 31. During a virtual press conference, OECD economist for Costa Rica and Mexico Alberto González
Read moreMoody’s Downgrades Deer Park Refinery to ‘Junk’
By KELIN DILLON Following Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) acquisition of the Deer Park refinery in Texas, Moody’s Analytics, one of Big Three financial ratings agencies, downgraded the refinery’s evaluation to “junk” status. Moody’s devalued Deer Park from Ba3 to Baa2, meaning it is “in the lower ranking of its generic category,” with the potential to further downgrade
Read morePrivate Investment In Mexico Hits Lowest Levels in 25 Years
By THE PULSE NEWS MEXICO STAFF Private investment in Mexico sank 19.89 percent in 2020, its biggest decline in 25 years. The decrease in fresh investment, measured as the Gross Formation of Private Fixed Capital (GFCF), represents the deepest slide since the 1995 financial crisis, when investment dropped by 38.51 percent, according to seasonally adjusted figures from the National Institute
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