Mexico News
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TP7L7SIHGBFQ3IFORLTIWX5KKE.jpg "Investors Optimistic, Yet Wary, as AMLO Undermines Mexico’s Safe Haven Appeal")
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/I6RG3UQF5ZEOVK3HMPTJW73QWQ.jpg "Who Is Germán Larrea, the Mexican Mining Tycoon Targeted by AMLO?")
Who Is Germán Larrea, the Mexican Mining Tycoon Targeted by AMLO?
German Larrea Mota Velasco, the elusive billionaire who inherited and expanded a mining fortune, is suddenly Exhibit A for the difficulties of doing business in Mexico under an unpredictable president
Citi Abandons Banamex Sale Plan That Bore AMLO’s Scrutiny, Eyes a 2025 IPO
Citigroup Inc. plans to sell shares of its Banamex unit in an initial public offering, ending talks for a potential $7 billion divestiture to a local buyer in a deal that faced complications from Mexico’s president
How a Chinese Immigrant’s Crypto Venture Has Amassed 300,000 Users In Latin America
Galactic Holdings’ TruBit, founded by Maggie Wu, raised a pre-Series A funding of $10 million, and operates in four countries in the region
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FO2DNTXY4JHJZIR46RTVXPMNZ4.jpg "AMLO’s Seizure of Germán Larrea’s Rail Line Is Making Investors Vigilant of Mexico")
AMLO’s Seizure of Germán Larrea’s Rail Line Is Making Investors Vigilant of Mexico
The president appears intent on forcing them to do business on his terms
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/WEHIK73XRBAMNA6E2BTS7DBTMU.jpg "Mexican Tycoon Germán Larrea Seeking Deal After AMLO Administration Seized Rail Line")
Mexican Tycoon Germán Larrea Seeking Deal After AMLO Administration Seized Rail Line
Mining magnate German Larrea’s rail unit said on Sunday that it was seeking an agreement with the government after the military seized a small stretch of a rail line that’s crucial to one of the president’s pet projects
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/XOWQ6VOVQJDAHAN6ERIZCN7UFM.jpg "AMLO Seizes Rail Line From Mexican Billionaire Germán Larrea’s Grupo Mexico")
AMLO Seizes Rail Line From Mexican Billionaire Germán Larrea’s Grupo Mexico
A section of track in the state of Veracruz was deemed “of public utility” and transferred to a government entity that’s building a line across the Isthmus of Tehuantepec
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AYJMO5WWYHYXLIW4Y7F4TSZHZI.jpg "AMLO Sees ‘No Issues’ If Mexican Billionaire Germán Larrea Buys Citi’s Banamex")
AMLO Sees ‘No Issues’ If Mexican Billionaire Germán Larrea Buys Citi’s Banamex
The Mexican president said conditions for the sale he set out last year have been met
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TTJK6PPL55DL3MISGYQELACGWA.jpg "Pemex in Talks to Pay KKR $320 Million for Fuel-Import Terminal in Veracruz")
Pemex in Talks to Pay KKR $320 Million for Fuel-Import Terminal in Veracruz
Houston-based Monterra Energy was founded by KKR to invest in Mexico’s fuel sector following the 2013 and 2014 energy reforms
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AMZXZZNVKBB6NNC6RFQIYNVHU4.webp "With Fentanyl Deaths on the Rise, US-Mexico’s Crackdown on Drugs Has Stalled")
With Fentanyl Deaths on the Rise, US-Mexico’s Crackdown on Drugs Has Stalled
The explosion of fentanyl has become a particularly pressing issue for Mexican President Andres Manuel Lopez Obrador, who has denied the narcotic is being produced in his country and frequently uses his daily press conferences to blame the US as an insatiable customer
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YBASQ4EVHFDIVOWZ72Z2EM4EOE.jpg "Why Does Bond Giant Pimpco Worry About Post-AMLO Pemex’s Debt Management?")
Why Does Bond Giant Pimpco Worry About Post-AMLO Pemex’s Debt Management?
The bond investor’s emerging-market debt head called the bonds “over-owned” and said the market should be prepared for Mexico to reduce its support for Petróleos Mexicanos after AMLO leaves office next year
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YNGY357PPRHHFHBWTBWJHLXX7M.jpg "Why Is Yucatán Experiencing a Real Estate Boom?")
Why Is Yucatán Experiencing a Real Estate Boom?
The state's low crime rate is helping to fuel a property development surge, luring outside investors
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PL4KWAEIURGVXJMBP5INPCZZHE.jpg "US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit")
US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit
Few investors doubt that the U.S. will make good on its debts
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/2HFIWAEA5NE65LD4WQIL36QN4M.jpg "World Trade Data Begin to Show Early Signs of ‘Reglobalization’")
World Trade Data Begin to Show Early Signs of ‘Reglobalization’
Despite talk of globalization’s demise, economic integration via cross-border commerce has shown remarkable resilience through war, famine and a pandemic
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JSK5SBZAXNDDLLLWSZ3HFXYTTE.jpg "WHO Says the Covid Pandemic is Over; Will TV Azteca Pay Its Bondholders Now?")
WHO Says the Covid Pandemic is Over; Will TV Azteca Pay Its Bondholders Now?
The World Health Organization declaration on Friday that the emergency phase of Covid-19 is over was largely symbolic. But, in a strange twist, the decision potentially has ramifications for creditors trying to collect on $400 million of defaulted bonds in Mexico City
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PUBNICKSX5B6TA4PTSJZWOINOU.jpg "Five Key Facts Highlighting the Economic Importance of 5 de Mayo In the US")
Five Key Facts Highlighting the Economic Importance of 5 de Mayo In the US
One-hundred million people celebrate this day in the US, eating, drinking and spending time with family and friends, the date which commemorates Mexico’s victory over the French in 1862