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Fitch Ratings announced a revision of its credit rating on Petróleos Mexicanos (Pemex), lowering it to B+ from BB-. This decision is due to operational struggles and significant financial demands the state-run firm is experiencing. Fitch also put the rating on negative watch, expressing uncertainty about the Mexican government’s ability to enhance Pemex’s liquidity and […]
Brazil’s Senate President Rodrigo Pacheco (PSD-MG) has introduced a proposal to update the country’s Civil Code. This plan might change how family, abortion, and property rights are viewed. A commission suggests changes that could let landless people claim rural land without paying owners. The proposal updates laws on personal, family, and business rights. Yet, it […]
Inflation in Mexico surged to 4.69% during the first half of October, marking a notable shift after five consecutive weeks of decline. This information comes from the National Institute of Statistics and Geography (INEGI). The Consumer Price Index (CPI) recorded a 0.43% increase compared to the previous fortnight. This annual rate is slightly above market […]
