A Difficult Year in Review
By ANTONIO GARZA, former U.S. ambassador to Mexico
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Additional Interest Rate Increases Expected from Banxico
By THE PULSE NEWS MEXICO STAFF After Mexico’s Central Bank (Banxico) shocked financial markets with a surprise .25 interest rate hike on Thursday, June 24, analysts are now predicting that the bank will issue additional increases this year to combat surging inflation, which reached more than 6 percent in May.Banxico raised its key rate to 4.25 percent in a split
Read moreNorth America’s (Virtual) New Era
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreMexico News Roundup
By RICARDO CASTILLO Pemex Drops Fitch, But It’s Not Reciprocal The Mexican state-owned oil company Petróleos Mexicanos (Pemex) dropped the international ratings firm Fitch from its budget on Tuesday, March 2, saying that it “no longer needs” the New York-based company’s services. Fitch’s ratings of the humongous Pemex debt has been harsh, and in its latest move. Fitch downgraded
Read moreMexico News Roundup
By RICARDO CASTILLO The New Normal Has Arrived The political debate carried out last week in Mexico over how to go about bringing a solution to the economic standstill caused by the covid-19 pandemic posed a medical, political and economic quagmire. On the one side, there was the voice of Mexican Public Health Undersecretary epidemiologist Hugo López-Gatell announcing on Friday,
Read moreUS and Mexico: Reeling, but Moving to Reopen
By ANTONIO GARZA, former U.S. Ambassador to Mexico
Read moreMexico’s Favorite Sport Isn’t Soccer, It’s Tax Evasion
By RICARDO CASTILLO … A loophole in the Mexican tax system has allowed individuals and companies to avoiding having to pay their fair share…
Read moreInternational Financial Institutes Give AMLO’s Pemex Bailout Plan Thumbs Down
By THÉRÈSE MARGOLIS On the morning of Friday, Feb. 15, Mexican President Andrés Manuel López Obrador (AMLO) eagerly presented his four-punch bailout plan to save the country’s financially lethargicm state-run oil company Petróleos Mexicanos (Pemex) from economic collapse. By that same afternoon, at least three international financial institutions and one of the “Big Three” global credit rating agencies had declared
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