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ACACHAPAN Y COLMENA, Mexico (Reuters) - Mexico’s government will absorb regular debt payments this year for Petroleos Mexicanos (Pemex), as President Andres Manuel Lopez Obrador intensifies his efforts to prop up the heavily-indebted state-run oil company.
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Those so-called debt amortization payments will total over $6 billion in 2021, Chief Executive Officer Octavio Romero said Thursday at an event in southern Mexico in the president’s home state Tabasco, one of the country’s biggest oil producers.
“The president of the republic has offered, since the campaign, to rescue Pemex, and he is demonstrating that with actions,” Romero said, standing alongside Lopez Obrador.
Argentine President Alberto Fernandez has tested positive for the new coronavirus and is in good spirits despite a light fever, the first-term Peronist leader said on Saturday.
Brazil's national debt rose to a new all-time high of 90% of GDP in February, central bank figures showed on Wednesday, as a rise in net borrowing and nominal interest payments in the month outpaced broader economic growth.
By Reuters Staff
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BUDAPEST, March 24 (Reuters) - Hungary’s banks will face no systemic risk after a loan repayment moratorium for companies and retail borrowers expires later this year, central bank rate-setter Gyula Pleschinger said on Wednesday.
“When the moratorium expires, there will be players both in the corporate and the retail segment facing repayment difficulties, however, this will not be a substantial share,” he told an online forum. “The expiry of the moratorium will cause no systemic risk.” (Reporting by Gergely Szakacs; Editing by Alex Richardson)
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ZHUOZHOU, China (Reuters) - In Zhuozhou, a small city in China’s north, Zhu has stopped making mortgage payments on her apartment after its developer did not build a promised rail line that would have allowed residents to commute to Beijing for work.
People walk inside the apartment compound Taoyuan Xindu Kongquecheng developed by China Fortune Land Development, in Zhuozhou, Hebei province, China March 19, 2021. REUTERS/Lusha Zhang
The accountant is one of some 1,000 home owners in the housing project who ceased payments in anger last year, according to Zhu and two other buyers campaigning for compensation who spoke with Reuters.