Lazaro Cardenas

Lazaro Cardenas News

  • Forecasters Watch Potential Tropical System in Atlantic

  • Mexico Oil Opening May Release Gusher for Foreigners

    When Mexican President Enrique Pena Nieto arrived at the March 18 rally, he was greeted like a rock star. Hundreds of local residents and employees of Petroleos Mexicanos had gathered in the eastern state of Veracruz for the annual celebration of the 1938 expropriation of foreign oil wells and the founding of Pemex. The workers, all dressed in white shirts and guayaberas bearing the Pemex logo, leaned over waist-high barriers to try to touch the photogenic president. They cheered and sang, breaking frequently into a chant normally reserved for the national soccer team, Bloomberg Markets will report in its June issue.

  • 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’s Capital, Pacific Coast Shaken by 6.5-Magnitude Quake

    A magnitude 6.5 earthquake shook Mexico’s capital and western coast yesterday without causing any major damage.

  • Mexico Housing Hits U.S. Investors as Plan Collapses

    Three years into her home-ownership dream, Martha Orozco has had enough. Stuck in a government- sponsored complex called Parque San Mateo that’s two hours away from her $8,000-a-year job as a hospital secretary in Mexico City, Orozco sees only broken promises and blight all around her.

  • Mexico Leader Said to Seek Changes to Break Oil Monopoly

    Mexican President Enrique Pena Nieto will seek to amend several articles of the constitution to break Petroleos Mexicanos’s monopoly in the state-run oil industry, ruling party President Cesar Camacho said.

  • Hurricane Hilary Moves Away From Mexico

    Pacific Hurricane Hilary moved away from Mexico’s southwestern coast as Atlantic Tropical Storm Ophelia gained strength east of the Leeward Islands, the U.S. National Hurricane Center said.

  • Mexico’s Peso Rises for Third Day on Pena Nieto, U.S. Optimism

    Mexico’s peso advanced for a third day on speculation U.S. politicians will reach a budget deal and President Enrique Pena Nieto’s policies will boost economic growth in the Latin American country.

  • Mexican Constitutional Oil Change Achievable, PAN Senator Says

    Mexico’s National Action Party supports a possible constitutional change to open the state- controlled oil industry to more private investment and will work with other parties to pass such legislation, according to the PAN’s top senator on the energy commission.

  • Mexico’s Peso Advances in Pena Nieto’s Second Week as President

    Mexico’s peso headed for its second weekly advance as speculation grew that President Enrique Pena Nieto will persuade the nation’s lawmakers to rally behind his plans to boost growth and fiscal stability.

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