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LatinNews Regional Monitor: Mexico - 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.
