Wall Street 'hates Pemex business plan'
Wednesday, July 24, 2019
Mexico was already going to have it tough. With a U.S. president blaming its friendly neighbor on doing nothing to stop the flow of illegal immigration through the border, coupled with threats to upend a decades-old trade deal, Mexico has been on edge since November 2016, the month Trump was elected.
But now there is something more tangible gnawing away at Mexico: its state-owned oil firm Pemex. Wall Street kind of hates the latest rescue plan, Forbes reports.