Mexico’s peso posted its biggest weekly drop since January as the country’s political parties wrangled over rules for opening up the energy industry, fueling concern that so-called secondary laws may be delayed.
Costa Rican opposition leader Luis Guillermo Solis won a landslide election victory yesterday after vowing to tackle the corruption that had fueled voter frustration with the government of President Laura Chinchilla.
It looked like the start to another fine year for one of Mexico’s most powerful bankers. Citigroup Inc. Co-President Manuel Medina-Mora held court last month at a Mexico City breakfast where colleagues talked shop over mango, melon and banana. He sat at the right arm of the nation’s president at another February meeting when Enrique Pena Nieto toasted the bank’s drive, charity and influence.
America Movil SAB, the phone giant controlled by billionaire Carlos Slim, tumbled on concerns that profits would suffer in its home market under a proposal sent to Mexico’s Congress by President Enrique Pena Nieto.
Malaysia’s handling of the search for missing Flight 370 has turned the official groomed to become the country’s next prime minister into a lightning rod for criticism, hurting his chances to lead the nation.
America Movil SAB and other Mexican phone companies would have to phase out long-distance charges and other fees under a bill proposed by President Enrique Pena Nieto, who is pushing ahead with a plan to boost competition.
Approval of bills to implement Mexico’s constitutional oil changes may be delayed beyond the current congressional session that ends April 30, according to a National Action Party senator on the energy committee.
Investigators stepping up scrutiny of the crew of the missing Malaysian Air passenger jet are piecing together a profile of the pilot, whose Facebook and YouTube postings show a man passionate about aviation, handy at repairs and supportive of the country’s political opposition.