Mexico’s president takes many of his ideas from the 1960s and 1970s. Back then, Mexico had yet to embrace economic liberalization or democracy, and state-owned energy companies dominated the economy. As a young politician, Andrés Manuel López Obrador watched Pemex, the oil giant created by the nationalization of private companies in the 1930s, spread largesse […]
Tag: Mexico
Grim 2022 for Mexico’s economy as it disengages from the US
Mexico’s economy is likely to face a difficult year in 2022, as the boost it receives from US growth is being outstripped by the impact of strict policies and uncertainty surrounding the government’s agenda. Bank of America Corp. cut its growth forecast from 2.5% to 1.5%, analysts led by Mexico and Canada chief economist Carlos […]
The umpteenth gaffe by López Obrador about the pandemic after his second contagion
The president of Mexico, Andrés Manuel López Obrador, is crowned as one of the most controversial leaders for his management of the pandemic for his refusal to wear a mask, his mass baths and, now, test positive for COVID-19 after meeting with journalists and minimize the disease. “I woke up hoarse“The Mexican president without a […]
The president of Mexico tests positive for COVID-19 for the second time in almost a year
The President of Mexico, Andrés Manuel López Obrador (AMLO), 68, announced on Monday that he tested positive for COVID-19, for the second time in almost a year, after a test that was carried out this day after appearing flu in his usual daily press conference. “I inform you that I am infected with # COVID19 […]
Mexico, China and the US priorities of Ecuador’s new trade diplomacy
China, the United States and Mexico are among the first targets of the new “trade diplomacy”Which has been undertaken by the new Ecuadorian Foreign Minister, Juan Carlos Holguín, who will have to balance between the two great superpowers. The 38-year-old politician undertakes a diplomacy oriented towards the search for commercial agreements and founded on the […]
Titans bet on Latin American energy corporate debt
Bond market titans, including T. Rowe Price Group Inc. and Invesco Ltd. confident that Latin American corporate debt from the oil, gas and financial sectors will perform well this year, despite electoral risk and fiscal challenges region of. Samy Muaddi, Portfolio Manager, Debt Strategy emerging markets of T. Rowe, said that the best operation in […]
Heath says Mexico’s core inflation is ‘severe’
Updated on 10/01/2022 03:01 am Jonathan Heath, member of the board of the central bank of Mexico, activated the alarms regarding the acceleration of the inflation underlying, saying in a series of tweets that the situation is “serious” and may indicate a structural problem. Although annual inflation at the end of 2021 was slightly lower […]
Mexico gives new reasons to bet on its debt
Investors who have been bullish on Mexican bonds due to the government’s fiscal austerity just had one more reason to keep their bets. Less than a week before the beginning of the year, the Latin American nation has already covered more than half of its external financing needs by 2022 and deferred debt payments to […]
Mexico invokes TMEC panel to resolve differences with the US in the automotive sector
Mexico requested to establish a dispute settlement panel within the framework of the renewed trade agreement with United States and Canada (T-MEC), to resolve a “difference of interpretation” with Washington on rules of origin of the automotive sector, reported the Government. The panel requested by Mexico will seek to determine that the interpretation and application […]
The Government of Mexico agrees with the president-elect of Chile on a future “strategic alliance”
Updated on 06/01/2022 04:25 pm The government of Mexico announced that it agreed with the president-elect of Chile, Gabriel Boric, establish a “strategic alliance” between the two countries once the left-wing politician takes office in March. The announcement was made by the Foreign Ministry in a statement on the content of the visit of its […]