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Latin America Business News

July 2014 Archives

PEMEX Reports Lower Trade Surplus

PEMEX Reports Lower Trade Surplus

Mexican state-owned oil company Petroleos Mexicanos posted an $8.2 billion trade surplus in the first half of 2014, down 20.42 percent from the same period of last year. continue reading »

Argentina Pays $642 Million on Foreign Debt

Argentina Pays $642 Million on Foreign Debt

Argentina on Monday made an initial payment of $642 million to the wealthy nations of the Paris Club, as per the debt refinancing agreement with that entity signed last May, authorities said. continue reading »

Court Urges Argentina and Its Creditors to Reach Debt Agreement

Court Urges Argentina and Its Creditors to Reach Debt Agreement

A U.S. federal judge said here Tuesday that Argentina and creditors who boycotted Buenos Aires' debt restructurings must negotiate "continuously until a settlement is reached" to avoid another default. continue reading »

Mexican President Enacts Sweeping Telecom Reform Laws

Mexican President Enacts Sweeping Telecom Reform Laws

President Enrique Peña Nieto on Monday signed into law the telecommunications reform legislation approved last week by Mexico's Congress. continue reading »

Mexico Oil Revenue Decline First Half of 2014

Mexico Oil Revenue Decline First Half of 2014

Mexico's oil revenues totaled 491.04 billion pesos ($37.8 billion) in the January-May 2014 period, down 0.50 percent from the same period last year, the Finance Secretariat said. continue reading »