América Latina

Noticias de Mercados

Mexico's Pemex will not invest in deepwater Gulf projects

Mexican national oil company Pemex has no plans to invest in deepwater Gulf of Mexico projects during the current government and instead will focus its exploration and production budget in shallow water and onshore areas, the firm's chief financial officer said on Thursday.

EMERGING MARKETS-Latam forex, stocks rise as dollar falls on Fed rate cut prospects

Latin American stocks and currencies rose on Thursday as the dollar fell after the U.S. Federal Reserve signaled it was read to cut interest rates as soon as July, while rallying oil prices also helped to lift Colombia's peso. Mexico's peso hit a seven-week high before trading flat against the dollar, which posted its biggest two-day drop in a year after the Fed's policy statement on Wednesday. The Fed joined global peers suc