By MARK LORENZANA President Andrés Manuel López Obrador (AMLO) on Wednesday, Sept. 7, accused businessmen in Mexico of increasing their profits especially in times of crisis, claiming that the Mexican Treasury will now ask them for an explanation. In his Wednesday morning press conference, López Obrador said that private businesses should instead help control price increases. He specifically mentioned the
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By MARK LORENZANA Federal judges on Tuesday, July 12, put a stop to the order of Mexico’s federal government that forced private companies to buy natural gas from Mexico’s Federal Electricity Commission (CFE) and state oil giant Petróleos Mexicanos (Pemex). Through five amparo (habeas corpus) injunctions, the judges — who specialize in economic-competition cases — suspended the effects of the
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By RICARDO CASTILLO There’s an old Mexican adage that says that it is cheaper to make a poor deal than to fight a great fight. This might seem to be exactly what happened in the negotiations headed by Mexico’s Federal Electricity Commission (CFE) Director Manuel Bartlett Díaz and seven gas pipeline companies that signed contracts for gas ducts with the
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