Scott Squires

Former Pemex Chief Executive Officer Victor Rodríguez was detained by authorities in Mexico City’s Benito Juarez borough on Tuesday, outlet El Universal reported citing the National Registry of Detentions.

Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks to attract private partners, boost flagging output and slash its massive debt load.

(Bloomberg) -- Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks

Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas.

(Bloomberg) – Mexico's government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on U.S. natural gas.

Latin America’s two biggest oil companies are betting big on a high-risk effort to unlock a vast trove of crude from rocks that haven’t seen the light of day in 160 million years.

In search of Bonanza. By Scott Squires, Bloomberg ·

Long the poster child of fiscal probity in emerging markets, Mexico was, at its peak, an A-rated borrower in the bond market just a few years ago. Today, the country finds itself teetering on the cusp of junk status and paying interest rates that are higher than those offered by tiny neighbors with lower credit ratings, like Guatemala and Panama.

México fue durante años un referente de disciplina fiscal entre los mercados emergentes y, hasta hace poco, ostentaba una calificación “A” en el mercado de bonos. Hoy está a un paso del grado especulativo y paga tasas de interés más altas que países vecinos más pequeños y con calificaciones crediticias inferiores, como Guatemala y Panamá.

Colombia’s government moved to officially end talks with some of the nation’s armed rebel groups, effectively halting the peace process that began under former President Gustavo Petro.