By THE PULSE NEWS MEXICO STAFF Despite the fact that one day earlier his government’s Finance Undersecretary Arturo Herrera told the Financial Times in London that construction of the Dos Bocas refinery in the southeastern state of Tabasco had been put on hold, Mexican President Andrés Manuel López Obrador (AMLO) on Wednesday, March 13, said that the project would proceed
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By RICARDO CASTILLO Mexican President Andrés Manuel López Obrador(AMLO) is currently preparing his report on his first 100 days in office. The precise day will be Sunday, March 10, but he’s already announced that he will instead blow his own horn on Monday, March 11, during his daily morning press conference at the National Palace in Mexico City. Last Wednesday,March
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By RICARDO CASTILLO Is the Damocles sword a mythical tale? Surely not for Mexican President Andrés Manuel López Obrador (AMLO), who now sees it swinging over his political neck like a pendulum in the form of international rating agencies Fitch, Moody’s and S&P. The awesome rating threesome has lashed out against Mexico, putting the nation’s economy not on a downward
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By RICARDO CASTILLO It seems that about once a week, U.S. ratings are playing an old racist version of the Whac-A-Mole carnival game with Mexican President Andrés Manuel López Obrador (AMLO). In these now-defunct fairs, pitchers would be given three balls to throw at a black man – a real person – in an attempt to hit him. Behind the
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By RICARDO CASTILLO There’s no question about it: Mexico’s once-prolific cash cow has run dry. The country’s economic national pride, the state-run oil giant Petróleos Mexicanos (Pemex), is now in financial straits, with its latest corporate report showing that just in the last quarter of 2018, it “lost” over 2 billion pesos. That definitely makes Pemex the only oil company
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By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide
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By THE PULSE NEWS MEXICO STAFF Two months after the start of his nationwide program to curb fuel theft, Mexican President Andrés Manuel López Obrador (AMLO) said on Thursday, Feb. 21, that the amount of stolen gasoline has dropped from 56,000 barrels a day to just 8,000 a day. “We experienced some difficult moments and about a week of fuel
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By RICARDO CASTILLO Among the myriad of events the Mexican Senate hosts on a practically daily basis, last Wednesday, Feb. 6, one of them did not garner much attention, at first. But as time went by, many eyebrows are beginning to be raised and people are starting to wonder what a bunch Russian politicos were doing in Mexico. The meeting
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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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By RICARDO CASTILLO What was the political gossip this week in Mexico? Definitely, the “denunciations” President Andrés Manuel López Obrador (AMLO) made of nine past officials for stealing money from the near-bankrupt, still-government-run electricity monopoly, the Federal Electricity Commission (CFE). As we covered in Pulse News Mexico, on Monday, Feb. 11, the president, during his daily press conference at the National Palace in downtown Mexico City,
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