The world’s most-indebted oil major has given traders plenty to worry about as it struggles to grow production and questions loom over how much government support it will receive going forward
Net longs in Mexico’s peso, which is the most popular emerging-market currency with Japanese retail investors in publicly available data from Tokyo Financial Exchange, reached a record high this month in figures going back to 2017
In a muggy cafe near the boardwalk of Mexico’s Ciudad del Carmen, a ship company manager unlocks his phone to show a list of 26 firms owed money by the state-owned oil company. The screenshot was followed by a WhatsApp message: “I can help them get paid, in case you know of any who are interested.
Opposition parties, which include the National Action Party, or PAN, Institutional Revolutionary Party, or PRI, and Party of the Democratic Revolution, known as PRD, have lost ground in recent years to the president’s Morena party
Some of the world’s largest money managers, including Pimco, have shunned Pemex debt as President Andres Manuel Lopez Obrador, a staunch supporter of the driller, is set to leave office next year
State-owned Chery Automobile Co., Zhejiang Geely Holding Group Co. and Great Wall Motor Co. are the top three Chinese brands in Russia, accounting for a third of new car sales in the first half of this year
Near record heat will spread from the US Southwest across Texas and the Great Plains this week, with temperatures of 100F (38C) or more straining electricity networks
The good performance of the automotive sector may not be sustained considering the risk of a US recession, says Andres Abadia, chief Latin America economist at Pantheon Macroeconomics
Private energy companies more broadly are struggling to do business in Mexico as President Andres Manuel Lopez Obrador, who took office in 2018, reverses policies that ended 75 years of state monopoly and opened the country to the private sector
A Russian state agency warned counterparts in Mexico of “serious difficulties” in joint development projects involving Lukoil and the roll-out of Moscow’s Mir card payment system if action by the FATF isn’t averted
