Pemex in the Eye of the Storm With AMLO Ruling Mexico’s Economy

The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails.

Carlos Urzua resigned Tuesday, citing conflicts of interest and policy disagreements within Andres Manuel Lopez Obrador’s administration. That sent the peso plunging as much as 2.3%, and stocks sliding. Yields on both sovereign and Petroleos Mexicanos bonds surged, reflecting the tight link between the nation and the oil giant.

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