Lazaro Cardenas News
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Mexican President Enrique Pena Nieto said he’s confident Congress will end the state oil monopoly this year, opening the way for companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc to tap the nation’s reserves.
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Kansas City Southern, the smallest of the major North American railroads, will be added to the Standard & Poor’s 500 Index, replacing Dean Foods Co. as it spins off its WhiteWave Foods Co. unit.
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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.
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The probe into a blast that tore the face off a building at Petroleos Mexicanos’s Mexico City headquarters and killed at least 33 people continued, with authorities saying they still don’t know what happened.
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A magnitude 6.5 earthquake shook Mexico’s capital and western coast yesterday without causing any major damage.
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The search for the cause of a blast that destroyed three floors of a building at Petroleos Mexicanos’s headquarters and killed at least 34 people entered a fourth day, as investigators toiled ahead of a self-imposed deadline for finding an answer.
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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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Petroleos Mexicanos is stepping up security at oil production facilities as authorities investigate a blast that killed at least 33 people at the state-owned company’s headquarters in Mexico City yesterday.
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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.
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In recent days a coalition of Mexican advocacy groups has been protesting in front of Televisa, the country’s largest TV network, to contest the legitimacy of President-elect Enrique Pena Nieto’s July 1 victory.
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