Institutional Revolutionary Party

Institutional Revolutionary Party News

  • Citigroup Fraud Stings Mexico Star as Medina-Mora Chased

    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 Drops as Fee-Cut Proposal Threatens Profits

    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.

  • Mexico Oil Laws May Be Delayed Beyond April, PAN Senator Says

    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.

  • Chapo Capture Remakes Chicago Drug Market, His Home Port

    Joaquin “El Chapo” Guzman, the alleged head of the Sinaloa drug cartel, once referred to Chicago as his “home port,” a hub of a narcotics empire he built by filling a power vacuum left by the imprisonment of the city’s gang leaders.

  • Obama Heads to Mexico Amigos Meeting Strained by Keystone

    Canadian Prime Minister Stephen Harper’s frustration with U.S. President Barack Obama’s failure to approve the Keystone XL pipeline may make this installment of the North America summit, known as the “Three Amigos,” the frostiest since the annual meetings began almost a decade ago.

  • Mexico Institutional Revolutionary Party Aims to End Company Tax Loopholes

    The largest party in Mexico’s lower house aims to eliminate loopholes that allow businesses to claim tax exemptions that lawmakers say are equivalent to 4 percent of gross domestic product, congressman Sebastian Lerdo said.

  • Mexico Senate Approves Energy Bill Aimed at Production Boom

    Mexico’s Senate approved an energy bill that supporters say will make the country the world’s fifth-largest oil producer in about a decade, spurring growth in Latin America’s second-biggest economy.

  • Mexico Passes Oil Bill Seen Luring $20 Billion a Year

    Mexico’s Congress approved a bill to end a 75-year state oil monopoly and generate as much as $20 billion in additional foreign investment a year.

  • Mexico Telecommunications Bills Said to Face Debate Before Oil

    Mexico’s Congress will take up bills to implement last year’s telecommunications overhaul at the start of its session next week, with legislation to build upon constitutional oil-industry changes set for later in the month, according to two people with knowledge of the plans.

  • Big Oil to Get Brazil-Like Terms in Mexico Energy Plan

    Global oil majors from Exxon Mobil Corp. to Chevron Corp. are about to get the clearest indication yet of how far Mexican lawmakers will go to lure them into the largest unexplored crude area after the Arctic Circle.

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