Citigroup’s pivot away from the direct sale of Mexican bank Banamex to instead seek an IPO in 2025 was partially prompted by López Obrador’s continued demands surrounding the sale, financial experts say
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By MARK LORENZANA Expect economic turbulence this year on a global scale, with “obvious effects for Mexico,” according to José Domingo Figueroa, the new president of the Mexican Institute of Finance Executives (IMEF), in an interview with Mexican daily newspaper Reforma on Monday, Jan. 2. Two of the biggest factors that will directly affect Mexico’s economy, according to Figueroa, are
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XINHUA The growing geopolitical conflict resulting from Russia’s invasion into Ukraine has exacerbated uncertainty surrounding Mexico’s economy, the Mexican Institute of Finance Executives (IMEF) said on Tuesday, March 15. In its monthly analysis, the private-sector IMEF said that the global economic landscape changed notably due to the Russia-Ukraine conflict, the impact of which is still to early to gauge. IMEF
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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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XINHUA The Mexican economy faces a “faltering” recovery process with a tendency toward weakness, especially in the manufacturing sector, the Mexican Institute of Finance Executives (IMEF) said Tuesday, Dec. 1. In its monthly economic analysis, the private sector institute noted that the IMEF manufacturing index declined 1.1 points in November compared to the previous month, to settle at 48.5 units,
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By RICARDO CASTILLO Cienfuegos, Talk of the Town The release last week of former Mexican Defense Secretary Salvador Cienfuegos from an imminent trial in the United States by U.S. Attorney General William Barr continues to be the talk of the day in Mexico. The fact is is that nobody has the hard facts needed to have a sound opinion on
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XINHUA In the wake of the novel coronavirus pandemic, Mexico’s economic recovery has been “asymmetric,” with export-driven manufacturing bouncing back stronger than retail trade and services for the domestic market, the Mexican Institute of Finance Executives (IMEF) said on Monday, Nov. 2. The IMEF’s manufacturing indicator rose 3.2 points in October compared to the previous month, to reach 50.1, indicating
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By RICARDO CASTILLO Electoral Fraud at the INE? On Friday, Feb. 7, the 11 councilors of Mexico’s National Electoral Institute (INE) carried out the reelection of its executive secretary to serve for six more years, with eight votes in favor and three against. The reaction in Mexico to the surprise reelection of Jacobo Molina and against INE president Lorenzo Córdova
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