Tag Archives: investment

AMLO: Moscow’s (Faithful) Man in Mexico

OPINION By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador’s (AMLO) lukewarm response to Russia’s flagrant invasion of Ukraine on Thursday, Feb. 24, really shouldn’t come as any great surprise. After all, Russia is a longtime backer of AMLO’s leftist National Regeneration Movement (Morena) government, having allegedly financed at least part of López Obrador’s 2018 presidential campaign, according to some

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Korea Seeks to Renew Free-Trade Agreement Talks with Mexico

By THÉRÈSE MARGOLIS The underlying message at the Mexico-Korea Commercial Forum (Mexco) in Mexico City on Monday, Dec. 6, was loud and clear: Korea wants to reactivate long.-protracted talks to establish a bilateral free-trade agreement with Mexico. During the conference, which was cosponsored by the South Korean Embassy in Mexico and Mexico’s Council for Foreign Trade, Investment and Technology (COMCE)

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Capital Flight from Mexico up 1,147 Percent in Third Quarter

By THE PULSE NEWS MEXICO STAFF During the third trimester of 2021, portfolio investment in Mexico registered nearly $14.6 billion in capital flight, both foreign and national, representing a 1,147 percent increase compared to the $1.17 billion that left the country during the same period of 2020. The 2021 third quarter figure is the largest capital exodus recorded for any

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GM: Without Clean Energy, Mexico Isn’t a Viable Investment Destination

By THE PULSE NEWS MEXICO STAFF Unless the Mexican government commits to clean, renewable energy sources, the country will cease to be an investment option for General Motors (GM) and other transnational corporations, GM president and CEO in Mexico Francisco Garza said Saturday, Nov. 20. Speaking during the annual Mexican Institute of Finance Executives (IMEF) national convention, Garza said that

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CFE to Need Higher Budget if Electric Reform Passes

By KELIN DILLON If Mexico’s controversial proposed reform to give carbon-based energy priority to the state-owned Federal Electricity Commission (CFE) reaches passage, the CFE will be required to heighten its budget and subsequently “charge a bill” to the Mexican government or the shift will likely result in blackouts, revealed a study by the Mexican Institute for Competitiveness (IMCO). The reform

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Moody’s Says Electricity Reform Would Lower Rating

By THE PULSE NEWS MEXICO STAFF Moody’s Analytics, one of the three top credit rating agencies in the world, said Wednesday, Oct. 6, that Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform initiative would have negative implications for the country’s credit rating. “The initiative would be negative for the Mexican power sector because it would decrease its operational

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Mexico Leads Hemisphere in Human Trafficking

By KELIN DILLON According to a new report published by the ​​Global Initiative against Transnational Organized Crime, Mexico is the fourth-most crime-ridden country in the world for illicit trades like drug and weapon trafficking, and takes the position of possessing the most intricate human trafficking network throughout North and South America. In its overall ranking, the Global Organized Crime Index

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