debt

In Mexico, there are no institutions providing psychological assistance to those unable to pay their debts; experts agree it's necessary to promote a financial culture since childhood

The oil-rich Mexican state of Veracruz, whose administration has been mired in corruption allegations, will require a financial bailout because of its excessive debts.

ICA has struggled under a high dollar-denominated debt load and a dwindling stream of projects.

The ratings agency said it expects government debt to rise to an average of 4 percent of gross domestic product per year over the next three years.

It was not clear why Cemex amortized more than it had previously contemplated.

Banxico plans to repurchase up to US$5.86 billion in government bonds.

Mexico's finance ministry on Friday said it would reduce debt issuance by US$1.02 billion in the second quarter after announcing plans to cut its overall program for this year.

The Monterrey-based firm said in a statement the offer was for its 2018 floating rate notes, its 2019 notes bearing a 6.5 percent coupon and the 9.375 percent notes falling due in 2022.

The weekend killings in the Apodaca suburb of the northern city of Monterrey shocked area residents.

ICA is trying to restructure a hefty debt load outside of court.