Mexico unveils Pemex business plan, but banks underwhelmed

Mexico City — Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world’s most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade. Octavio Romero, CEO of Petroleos Mexicanos, or Pemex, presented the broad outlines […] More »