Mexico gives $4.2-billion boost to struggling oil firm Pemex The Mexican government announced more than $4 billion in aid Wednesday for state oil company Pemex, whose finances, production and exploration projects have been hit by the fall in crude prices. “The adverse economic conditions that the hydrocarbons sector is going through on an international level and the depletion of different wells have weakened Pemex’s financial situation,” the Treasury Department said. ABC News reports. Peru’s economy to grow 4 percent this year: Moody’s Peru’s economy will grow 4 percent this year and 4.5 percent next year, according to Moody’s Investors Service Sovereign Risk Group Vice-President Jaime Reusche. The forecast is more optimistic than the World Bank and International Monetary Fund’s projections […]
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