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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.