

Despite Donald Trump’s habitual barbs targeting trade deals and Mexico, business leaders south of the border have largely refrained from talking about the U.S. election. Their lawyers and advisers say it’s time to speak up.
The race, the Republican candidate and his Democratic rival, Hillary Clinton, are increasingly popping up as key risk factors in Mexican bond and share-sale prospectuses, Bloomberg News reports. They’re appearing alongside run-of-the-mill warnings that have long been staples in such documents, like recession and an unforeseen drop in demand. The disclosures to investors, which companies are legally required to make, highlight concern that this quirky and contentious election will upend a global economy built on two decades of free-trade deals.
“I don’t recall ever having risk factors that called out individual U.S. major party figures,” said Jorge Juantorena, a partner at law firm Cleary Gottlieb Steen & Hamilton who advises on securities sales and other corporate actions in Mexico. “It definitely says something about the situation right now.”

Since July, at least five Mexican companies with plans to sell bonds or shares have mentioned the outcome of the Nov. 8 election as a risk factor that could throw their business models for a loop. RLH Properties SAP, the operator of the Four Seasons Hotel in Mexico City that raised 1.34 billion-pesos ($71 million) in an add-on share sale, warned that the vote could have “negative impacts” on U.S.-Mexico relations. Cement producer Grupo Cementos de Chihuaha said the race injects “uncertainty” about future cross-border trade, and tequila maker Jose Cuervo said the victor of the elections and possible overhaul of the North American Free Trade Agreement could have a “significant” impact on its activities.
To read complete article click here.
Source: bloomberg.com
Comments
more recommended stories
Xcaret postpones the 14th edition of the Sacred Maya Journey
The return of the traditional Sacred.
A woman is crushed to death when a tree falls on top of her car on the Mérida-Valladolid highway
A strange accident happened on Thursday,.
With these local flowers, you help prevent the loss of bees in Yucatan
Every May 20, World Bee Day.
US government officials talk about UFOs publicly for the first time in 50 years
Two senior U.S. defense intelligence officials.
The US Embassy to invest 30 million USD in the “South of Mexico Generating Employment and Sustainability” program
In alliance with seven governments from.
Face-to-face courses return to La Ibérica de Mérida; they will celebrate a big event on Sunday
On Sunday, May 22, the Centro.
Construction worker arrested for sexual abuse against a maid inside a hotel in Tulum, Quintana Roo
The municipal police of Tulum, in.
Yucatan is about to receive the first cloud of dust from the Sahara desert in 2022
A cloud of dust from the.
Yucatecans seek to sell one ton of Cochinita Pibil and 6 thousand panuchos in Mexico City
With the “Yucatán Expone” program, Yucatecan.
Mérida Municipal Police officer returns wallet to owner with more than 5 thousand pesos
The Mérida Municipal Police agent Roberto.
Leave a Comment