Back

LatinNews Daily - 27 February 2018

In brief: Mexico

* Mexico’s state-owned oil firm Pemex has reported net losses of M$352bn (US$18bn) in the fourth quarter of 2017, compared with profits of M$72.2bn during the same period in 2016. These losses were explained by a weaker peso/US dollar exchange rate and higher financing costs. Pemex CEO, Carlos Treviño Medina, has undertaken a working tour in New York to meet with investors and financial institutions, including Bank of America and Credit Suisse, “to continue improving Pemex’s placement as a globally profitable company”, according to a Pemex press release.

End of preview - This article contains approximately 92 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.