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Michael O'Boyle Profile
Michael O'Boyle

@michaelob_mex

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Covering finance and emerging markets in Mexico @business Opinions are my own. Eres Mexican@? Hasta el gorro con algo? Quiero saber

Joined December 2008
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@michaelob_mex
Michael O'Boyle
4 years
Mexico's bank regulator issued 50% less fines last year after the impact of President Lopez Obrador's austerity measures. Former regulators are worried about potential bank failures as the country sinks into its deepest recession in nearly a century
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@michaelob_mex
Michael O'Boyle
3 years
The bad news on Mexico's stock market won't stop
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@michaelob_mex
Michael O'Boyle
3 years
In a rare sign of confidence in restructuring deals, banks agreed to inject $200m more into @Cinepolis , after the controlling family ponied up $100m, to help get one of the world's biggest cinema chains back on its feet after the pandemic shut downs
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@michaelob_mex
Michael O'Boyle
3 years
After five days out of sight with Covid-19, and growing hysteria and rumors, Mexico's president is live from Palacio Nacional
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@michaelob_mex
Michael O'Boyle
3 years
While the rest of the world gushes a fountain of IPOs, Mexico's pipeline has been running dry for years.
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@michaelob_mex
Michael O'Boyle
4 years
'The Bank of Mexico is one of the country’s institutions that has to adapt to the changes that the country needs.' A top lawmaker says Mexico's ruling party won't back down in their bid to make @banxico become the country's dollar buyer of last resort.
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@michaelob_mex
Michael O'Boyle
3 years
Drawn by a stronger U.S. recovery from the Covid-19 economic crash, more Mexicans are heading north. In the Mezquital Valley in central Mexico, the second generation of the region's first migrants are deciding if the time is now. With @mayaaverbuch
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@michaelob_mex
Michael O'Boyle
4 years
Mexico's central bank looks like it may have won the battle with @RicardoBSalinas over making @banxico become a dollar buyer of last resort. Yet, you don't become Mexico's third richest man by losing wars
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@michaelob_mex
Michael O'Boyle
3 years
Mexico's stock market is caught in a downward spiral and no one knows how to stop it.
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@michaelob_mex
Michael O'Boyle
3 years
From the miserable non-internationally recognized refugee camp on the banks of the Rio Grande, Central Americans who have been waiting for more than a year to plead their asylum cases are hearing that others are making it across. With @mayaaverbuch
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@michaelob_mex
Michael O'Boyle
3 years
Mexican securities regulator @cnbvmx has backed away from an initial proposal to force brokerages to send more bids to the country's upstart, second exchange @BIVAMX after top trading houses filed critical comments on the draft
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@michaelob_mex
Michael O'Boyle
2 years
Mining tycoon German Larrea has put together a top notch finance team, backed by Barclays, to make his bid for Citi's Banamex
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@michaelob_mex
Michael O'Boyle
3 years
Lopez Obrador's push to replace one program to reduce deforestation with his own has created 'perverse incentives' to cut down jungle in Mexico's Yucatan @MddeH reports
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@michaelob_mex
Michael O'Boyle
1 year
In 2021, amid the collapse of US-Mexico drug cooperation, DEA agents thought they were on the verge of a breakthrough to crack down on fentanyl precursor trafficking to Mexico. They weren't.
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@michaelob_mex
Michael O'Boyle
4 years
After four years of big potential fines looming over global banks for allegations of rigging peso bond prices, Mexico's antitrust commission @cofece has imposed total penalties of just $1.5 million on seven banks
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@michaelob_mex
Michael O'Boyle
4 years
”Mexican staples companies have become some of the most profitable in the world, but that success came with a very high cost in terms of the health of the Mexican population" with @andreanavarror and @justin_villamil
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@michaelob_mex
Michael O'Boyle
3 years
El Financiero’s Susana Saenz had me on to talk about @banxico ’s new dollar plan
@ElFinancieroTv
El Financiero TV
3 years
. @Banxico financiará a bancos locales que no puedan repatriar dólares a EU. Al respecto, @michaelob_mex , corresponsal de @business , señaló que esto puede ser una solución sin exponer al Banco Central al riesgo de tomar dólares físicos. En #GanadoresyPerdedores con @SuSaenz .
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@michaelob_mex
Michael O'Boyle
3 years
Mexico's President @lopezobrador_ agreed to cap the profit sharing obligations in Mexico that pushed many to use subcontracting schemes, paving the way for business leaders to support his bill to limit outsourcing
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@michaelob_mex
Michael O'Boyle
4 years
Wal-Mart de Mexico shamed itself in a newspaper ad and called on other companies not to break tax laws following its landmark settlement
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@michaelob_mex
Michael O'Boyle
2 years
Me invito @SuSaenz para hablar de la postura de Inbursa sobre la venta de Banamex
@ElFinancieroTv
El Financiero TV
2 years
Grupo Inbursa se muestra interesado en la compra de Citibanamex, pero no irían solos puesto que buscan hacer el procedimiento junto con otros empresarios: corresponsal Michael O'Boyle ( @michaelob_mex ), en #GanadoresyPerdedores con @SuSaenz .
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@michaelob_mex
Michael O'Boyle
3 years
The U.S. and Mexico have been working on a probe into 50 companies allegedly involved in fentanyl precursor trafficking. The joint action comes after relations hit a low late last year over drug trafficking allegations against a Mexican general
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@michaelob_mex
Michael O'Boyle
4 years
Wait, there is a discrepancy between what Mexican airlines tell the market and the government? Regulators can't be missing anything else. @andreanavarror reports
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@michaelob_mex
Michael O'Boyle
4 years
Mexico's Fourth Transformation is on a roll! Senators from @lopezobrador_ 's Morena passed bills last night that would strip immunity from U.S. agents in the country, hike business contributions to pension funds, and, also, a little tweak @banxico
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@michaelob_mex
Michael O'Boyle
1 year
Will the battered ‘super peso’ make a comeback? @symmaki and myself take on the topic in the latest What’s Happening in EM
@markets
Bloomberg Markets
1 year
What’s Happening in EM: Mexico’s Bellwether Peso (Podcast)
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@michaelob_mex
Michael O'Boyle
2 years
Gracias a @SuSaenz por invitarme a platicar de la colocación de bonos de Pemex para pagar proveedoras. No fue ‘no a mas deuda’ la idea de @lopezobrador_ ?
@ElFinancieroTv
El Financiero TV
2 years
#PEMEX tiene una deuda financiera de más de 108 mil millones de dólares y debería de tener más efectivo por el precio del barril; causa incertidumbre a los inversionistas, comentó Michael O'Boyle ( @michaelob_mex ), corresponsal de @business , en #GanadoresyPerdedores con @SuSaenz .
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@michaelob_mex
Michael O'Boyle
3 years
Busted: El Chapo's wife is detained in the U.S. - after a series of flaps undermining U.S.-Mexico cooperation on justice issues
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@michaelob_mex
Michael O'Boyle
4 years
The party founded by Mexico's anti-corruption crusader president has been riven by an internal scandal over misuse of funds
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@michaelob_mex
Michael O'Boyle
4 years
No tests, no cases, right? #Trump @andreanavarror reports Mexico may not know where it is at on the curve
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@michaelob_mex
Michael O'Boyle
4 years
Data Scoop: @chrissiemurray reports @lopezobrador_ migration authorities @INAMI_mx inflated the number of migrants who were aided in trafficking or smuggling cases during first year in office
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@michaelob_mex
Michael O'Boyle
3 years
Use it before you lose it. @lopezobrador_ pushed through a dizzying legislative blitz through congress in the past two weeks ahead of elections where his party's majority in the lower house is at stake
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@michaelob_mex
Michael O'Boyle
4 years
Got extra pallets of dollars lying about your Mexican bank no one will take? Lost your last correspondent account? No one trusts you anymore? Mexico's Senate may force @Banxico to come to the rescue
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@michaelob_mex
Michael O'Boyle
4 years
Reforma’s @carloselizondom warns the crazy congressional week that just was in Mexico is a sign of the times to come: a push of populist bills ahead of 2021 elections
@carloselizondom
Carlos Elizondo MS
4 years
A pesar de que México enfrenta muy serios problemas sanitarios y económicos, nuestros legisladores están ocupados en reformar el sistema de pensiones y la ley del Banxico.
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@michaelob_mex
Michael O'Boyle
1 year
Otro villano favorito de la mañanera del Presidente esta cerca de lograr una trato para vender un proyecto energetica en Mexico Search https://www.bloomberg.com/news/articles/2023-05-15/pemex-pagaria-a-kkr-us-320m-por-terminal-almacenamiento-tuxpan
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@michaelob_mex
Michael O'Boyle
4 years
@amystillman reports Covid 19 deaths at Mexico's state run oil company Pemex outpaced other essential industries with more workers
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@michaelob_mex
Michael O'Boyle
4 years
Looks like pressure on Mexican lawmakers may be slowing the potential approval of a contentious law to force @banxico to buy U.S. cash that policymakers fear could force the central bank to take illicit funds
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@michaelob_mex
Michael O'Boyle
3 years
Mexico is always stranger than fiction, so after a week that surpassed telenovela drama, Lopez Obrador is back @mayaaverbuch and @DaleQuinn report
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@michaelob_mex
Michael O'Boyle
3 years
Banorte CEO @MarcosRamirez_M said it would be “irresponsible” to say already if Mexico’s biggest locally-owned bank was going to bid for @Citibanamex
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@michaelob_mex
Michael O'Boyle
4 years
Is it cancel culture if it seems the president ordered it?
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@michaelob_mex
Michael O'Boyle
4 years
The Mexican Bolsa's Oct. 9 stock trading outage was caused by a failure at Maria Asuncion Aramburuzabala's @kionetworks , a BMV official told Bloomberg News. The company, which @business previously reported is looking to sell assets, declined to comment
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@michaelob_mex
Michael O'Boyle
4 years
Bottom line of scoop: @FlacsoMx 's Rodolfo Casillas says Mexico attending "insignificant" number of victims
@chrissiemurray
Christine Murray
4 years
Mexico's government falsely claimed it helped 601 migrants who were trafficked & smuggled in its first year in office. The real number was less than 1/3 that, a freedom of information request shows. INM official said it was an “imprecision” @TRF_Stories
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@michaelob_mex
Michael O'Boyle
8 years
@carlosslim busca contratos para construir dos pistas aeropuerto Ciudad de México fuentes @Reuterslatam @alexalper
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@michaelob_mex
Michael O'Boyle
3 years
Casa Mazatlan, a pawn shop chain, is preparing to list on @BIVAMX exchange after 16 months without a company IPO in Mexico
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@michaelob_mex
Michael O'Boyle
4 years
@JonathanHeath54 long a rare independent voice in Mexico and a @lopezobrador_ @banxico appointee, says one firm is set to benefit from a push by AMLO's party to make the central bank take potentially illicit U.S. cash
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@michaelob_mex
Michael O'Boyle
2 years
Germán Larrea contrató a Barclays para realizar su oferta por Banamex
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@michaelob_mex
Michael O'Boyle
4 years
About face! U.S prosecutors are now moving to dismiss drug trafficking charges against the former head of Mexico’s army due to “sensitive” foreign policy issues
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@michaelob_mex
Michael O'Boyle
4 years
Who will AMLO name to replace one of Banxico’s most hawkish board members? @MddeH reports who is on the short list
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