Mexico to slash Pemex budget

Mexico's government on Thursday set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a 100 billion peso ($5.36 billion) reduction in funding.

Budget cuts: Pemex CEO Jose Antonio Gonzalez Anaya
Budget cuts: Pemex CEO Jose Antonio Gonzalez Anaya
Published 9 September 2016, 17:25Updated 25 October 2016, 15:17