Pemex is the most indebted oil company in the world and the ninth most indebted company in the world considering all sectors, according to an OECD report. Its debt currently stands at around 10% of Mexican GDP. Contingent liabilities for pensions are also important, since they amount to
Mexico captured 299 million Foreign Direct Investment (FDI) in the oil and gas extraction industry during the first quarter of 2022, according to data from the Ministry of Economy. FDI flows in this industry have shown the following trajectory, considering complete years: in 2019 they were 1,031 million
The alcoholic beverages in the United States are subject to federal and state excise taxes that affect the competitive landscape. In addition to federal taxes, all states tax alcohol in some way. According to the Urban Institute, state and local governments collected $7.5 billion in alcohol taxes in
Mexico has had a rapid expansion of electronic commerce driven by the Covid-19 pandemic, a BBVA report indicated. Online commerce has seen a quantum leap during the pandemic, according to bank estimates: from 1-2% to 5-8% of sales for retailers and from 5-6% to 20-25% of sales for
The closing of an FTA between Mexico and Ecuador is approaching after both governments concluded the ninth round of negotiations, reported the Ministry of Economy. At the end of January, both countries agreed to pre-close negotiations on an FTA during the seventh round of negotiations held in Mexico
A Treasury Department report ranked 10 of the top spirits and wine companies in the US market. Both wine and spirits products vary dramatically in price, from products under $10 for a standard 750ml bottle to hundreds and even thousands of dollars for specialty products. The lowest priced