National Action Party

National Action Party News

  • Mexico Peso Posts Weekly Decline Amid Energy Law Rules Impasse

    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.

  • 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.

  • America Movil Faces Fee Cuts in Follow-Up Mexico Telecom Law

    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.

  • 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.

  • Subway Snafu Irking Commuters Sinks ICA Shares: Corporate Mexico

    A service halt on a new $2 billion subway line built in partnership with billionaire Carlos Slim is making Empresas ICA SAB Mexico’s worst performing stock.

  • Televisa Grapples With Pena Nieto’s Push for Competition

    When Enrique Pena Nieto ran for president in 2012, opponents nicknamed him the Televisa candidate for what they described as favorable coverage from Mexico’s largest broadcaster. Now as president he’s pushing for more competition that will hurt Grupo Televisa SAB’s revenue growth.

  • 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.

  • Mexico’s Opposition PAN Party to Seek Fuel Price Deregulation

    A Mexican opposition party that was key to passing the country’s energy overhaul last year will seek to have the market, not the government, set gasoline prices, said a member of the party on the Senate energy committee.

  • 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.

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