Financial and Banking News


Mexicans Return to Hardline Debt Position 

Mexico's foreign bank creditors have been reminded after a four-month pause that the likelihood of prompt repayments for the rest of the year remains low. After some tough statements by Mexican President Miguel de la Madrid in February, negotiations with the IMF have dragged on with little apparent progress, with the Mexicans adopting a non-confrontational approach. However, on 17 June...