Nacha Cattan
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Articles by Nacha Cattan
Joby's Blade to Provide 12-Minute Trips From Suburbs to NYC
Business Technology Fuel Logistics Pilot Service Starting Dec. 1 on Weekdays Will Connect Manhattan to Westchester County Airport A Blade helicopter with the Manhattan skyline in the background. (Blade via YouTube) November 5, 2025 4:28 PM, EST [Stay on top of transportation news: Get TTNews in your inbox.] Traffic’s back, train delays are all too common and city politics have been boiling over. A new commuter helicopter route is aimed at offering New Yorkers a quick escape hatch.
New York City mayor Eric Adams abandons bid for re-election
Outgoing mayor said campaign was hampered by legal problems and a lack of money Article content New York City Mayor Eric Adams ended his re-election bid amid sagging poll numbers and a push from political and business leaders looking for a more potent challenge to Democratic nominee Zohran Mamdani.
New York City mayor Eric Adams abandons bid for re-election
Outgoing mayor said campaign was hampered by legal problems and a lack of money Article content New York City Mayor Eric Adams ended his re-election bid amid sagging poll numbers and a push from political and business leaders looking for a more potent challenge to Democratic nominee Zohran Mamdani.
New York City, Trump's Elusive Prize, Hunkers Down as Polls Shut
(Bloomberg) — As the sun set over Manhattan on Tuesday, the lights of the Empire State Building began to glow red, white and blue. We apologize, but this video has failed to load. tap here to see other videos from our team.
NYC residents flip registration to vote in tight Hamptons race
Jill Lafer has owned a home in the Hamptons for 40 years but never voted there. This year is different. The Democrat, a former chair of Planned Parenthood Federation of America, recently switched her registration from Manhattan to New York-1, a congressional district on the eastern end of Long Island that encompasses the playgrounds of Wall Street’s elite, bucolic villages and blue-collar towns.
#It’sNoJoke: Frugal Mexican president says he will raffle off $130M presidential jet, if he can’t find a buyer
When Andres Manuel Lopez Obrador first floated the idea of raffling off the luxurious presidential plane he never uses, most Mexicans laughed it all off as a joke. Three weeks later, it seems he was serious — maybe. AMLO, as he’s known, has said he’ll announce on Friday if he really will sell 6 million lottery tickets, for about $27 each, to people eager to get in on what is called the Presidential Airplane Jackpot for the country’s version of Air Force One.
USMCA Could Runs Into Trouble as Mexican Reform Comes Up Short
A worker stands next to a Cemex SAB cement truck at a construction site in Mexico City. (Susana Gonzalez/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] It was a historic moment for Mexico: the first time workers were given the right to vote on a labor contract negotiated by their union under a new law.
Mexico’s Senate Ratifies USMCA Amid Trump Tariff Cease-Fire
June 19, 2019 4:45 PM, EDT Mexican President Andres Manuel Lopez Obrador speaks during a rally in Tijuana, Mexico, on June 8. Lopez Obrador and U.S. President Donald Trump struck a deal on migration earlier this month.
As Trump tariffs loom, Mexico may send National Guard to southern border to stem migrant flow
(Bloomberg) — Mexico is proposing to send national guard troops to its southern border with Guatemala as it seeks to stem the flow of undocumented migrants and reach a deal with the U.S., Foreign Minister Marcelo Ebrard said. The proposal is to send 6,000 troops, Ebrard said as he ended meetings with U.S. officials on Thursday, confirming earlier reports. The minister had said previously in the day that there were unspecified “advances” after meeting with U.S. counterparts at the State Department.
Pemex could receive $7 billion to pay ballooning debt
By Nacha Cattan on 3/24/2019 Photo: Banco de Mexico. MEXICO CITY (Bloomberg) -- Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nation’s ailing oil company, Pemex, and a new plan to try and save it. It began with news reports that Mexico would dip into a stabilization fund to pay some Pemex debt.
S&P lowers Mexico soverign outlook to negative on AMLO oil plan
S&P lowers Mexico soverign outlook to negative on AMLO oil plan By Nacha Cattan on 3/3/2019 MEXICO CITY (Bloomberg) -- S&P Global Ratings lowered its outlook for Mexico’s sovereign debt to negative from stable, saying the nation’s shift to limit private sector involvement in energy could lower economic growth prospects.
AMLO's attack on energy regulator stirs concern dissent being silenced
By Nacha Cattan and Amy Stillman on 2/24/2019 MEXICO CITY (Bloomberg) -- Mexican President Andres Manuel Lopez Obrador has called the Supreme Court dishonest, lambasted Fitch Ratings as hypocritical and accused prior leaders of leaving a pigsty of corruption. But since taking office, he’s never gone after someone the way he has the nation’s energy regulator.
Mexico Factories Plead for AMLO to Intervene in Border Strikes
A group representing maquiladora owners is calling on President Andres Manuel Lopez Obrador to intervene in widespread strikes that followed his decree to double minimum wages at the Mexican border with the U.S. Index, as the group is known, published full-page newspaper ads and took to Twitter after workers demanding a 20% raise and a 32,000-peso (US$1,662) bonus walked off their jobs since January in the border city of Matamoros. Since the leftist president took power Dec.
Canceling Mexico City's New Airport Will Be Very Expensive
In the euphoria over the deal Mexican President Andres Manuel Lopez Obrador struck this week with bondholders in an aborted airport project, one key fact garnered little attention: The move will only further swell the losses that the cancellation is heaping on the government. By one conservative estimate, the number — once you factor in the amount already spent on the project, plus contractors’ cancellation fees, plus the cost to raze what’s been built — comes to almost $5 billion.
Lopez Obrador sworn is as Mexico’s president
MEXICO CITY ––Andres Manuel Lopez Obrador’s decades-long road to the presidency of Mexico culminated with his inauguration Saturday as he received the presidential sash in a ceremony at the nation’s lower house of Congress. Lopez Obrador took office five months after cruising to victory in July’s election. He promises to fight corruption, tackle Mexico’s soaring violence, and reconsider a rush to privatization. His victory followed failed candidacies in 2006 and 2012.
Lopez Obrador sworn in as Mexico’s president
By Nacha Cattan and Eric Martin, Bloomberg News MEXICO CITY — Andres Manuel Lopez Obrador’s decades-long road to the presidency of Mexico culminated with his inauguration Saturday as he received the presidential sash in a ceremony at the nation’s lower house of Congress. Lopez Obrador took office five months after cruising to victory in July’s election. He promises to fight corruption, tackle Mexico’s soaring violence, and reconsider a rush to privatization.
Lopez Obrador sworn is as Mexico’s president
MEXICO CITY ––Andres Manuel Lopez Obrador’s decades-long road to the presidency of Mexico culminated with his inauguration Saturday as he received the presidential sash in a ceremony at the nation’s lower house of Congress. Lopez Obrador took office five months after cruising to victory in July’s election. He promises to fight corruption, tackle Mexico’s soaring violence, and reconsider a rush to privatization. His victory followed failed candidacies in 2006 and 2012.
Lopez Obrador sworn is as Mexico’s president
MEXICO CITY ––Andres Manuel Lopez Obrador’s decades-long road to the presidency of Mexico culminated with his inauguration Saturday as he received the presidential sash in a ceremony at the nation’s lower house of Congress. Lopez Obrador took office five months after cruising to victory in July’s election. He promises to fight corruption, tackle Mexico’s soaring violence, and reconsider a rush to privatization. His victory followed failed candidacies in 2006 and 2012.
Mexico’s AMLO takes office with attack against energy overhaul
Andres Manuel Lopez Obrador announced his arrival as Mexico’s president after a decades-long wait with an attack on the energy industry overhaul passed under his predecessor, saying it had raised gasoline prices. Speaking at the lower house of Congress after taking the oath of office for a six-year term on Saturday, AMLO, as the leftist is known, said the energy opening failed to attract significant foreign and private investment.
Mexico’s AMLO Will Work to Calm Markets
Andres Manuel Lopez Obrador has a clear message to investors: the leftist presidential candidate who looks poised for a landslide victory in the July 1 election won’t rip up the country’s laws.
Trump administration strikes gentler tone on NAFTA renegotiation
U.S. President Donald Trump's top trade negotiator came out of the gate sounding like he wants to fine-tune the North American Free Trade Agreement, not blow it up as some feared.During the election campaign, Trump called the trade deal with Mexico and Canada a "disaster" that cost millions of U.S. jobs and hollowed out the manufacturing sector.
Train robberies in Mexico hark back to days of Jesse James - but with contemporary losses
Head southeast from Mexico City for about four hours and you will come upon Acultzingo, an impoverished, dusty town nestled against the rugged peaks of the Sierra Madre. Most inhabitants work the land for a living, growing corn and avocados and raising cattle and pigs. They also rob trains. Lots of trains. So many, in fact, that Acultzingo is the train robbery capital of not only Mexico but arguably the world. Over the past year alone, 521 crimes were committed against cargo trains in the town.
Growing Headache for Corporate Mexico: Robberies of Cargo Trains
Head southeast out of Mexico City for about four hours or so and you will come upon the town of Acultzingo. It is an impoverished, dusty little place nestled up against the rugged peaks of the Sierra Madre. Most inhabitants work the land for a living. They grow corn and avocados and raise cattle and pigs. They also rob trains. Lots of trains. So many, in fact, that Acultzingo (pronounced ah-coolt-ZEEN-go) is not only the train robbery capital of Mexico but, arguably, of the world.
Train robberies lead to rising insurance, freight costs
Grupo Mexico Transportes SA Ferrocarril Mexicano (Ferromex) trains sit parked at a yard in Tepic, Nayarit State, Mexico, on Thursday, Oct. 26, 2017. (Photo: Cesar Rodriguez/Bloomberg) (Bloomberg) – Head southeast out of Mexico City for about four hours or so and you will come upon the town of Acultzingo.
Mexico's New President Won't Stop a $13 Billion Airport for Now
Andres Manuel Lopez Obrador, Mexico’s next president, is no longer seeking an immediate suspension of Mexico City’s new $13 billion airport, according to a member of his economic transition team. Abel Hibert, who attended a planning meeting with Lopez Obrador and about 100 aides from the transition team on Tuesday evening, said it was clear that there’ll be no immediate demand to President Enrique Pena Nieto to suspend construction of the airport, at least until a review of the contracts.
Landmark Mexico oil reform is set to stay: AMLO’s chief of staff
Landmark Mexico oil reform is set to stay: AMLO’s chief of staff Rest assured, President-elect Andres Manuel Lopez Obrador won’t use his congressional muscle to overhaul Mexico’s landmark oil reform that allowed foreign companies back into the industry, the head of his transition team said.
Obrador Ahead by 23 Points in Poll a Week Before Mexican Vote
Mitofsky’s results exclude almost 22 percent of non-respondents. They were divided into two camps: more than 21 percent who said they wouldn’t vote for any of the options, and fewer than 1 percent who said they didn’t want to respond or didn’t know who they’d vote for, according to Mitofsky.
Mexico Raises Rate as Peso Weakness Spurs Inflation Concerns
The biggest risk to the peso, and therefore inflation, is Nafta. The currency has been in a free-fall since a Nafta deadline was missed in May, and continued to sink as the Trump administration threatened to impose sweeping new tariffs on imported automobiles. The peso kept depreciating after steel tariffs took effect in June, and economists began reversing their forecasts for rate cuts to a hike in Mexico.
Mexico's Gaping Deficit Shows Signs of Election-Year Splurge
Alicia Reyes brought a shopping trolley, and has time to chat. She said her government-supplied package of rice, tuna, lentils and oil is twice the size it was three months earlier. She also noticed that officials in charge of the monthly distribution showed more interest than usual in her voter ID card, even jotting down a few details. Reyes, who’s 64, suspects that both changes have something to do with the elections due in less than two weeks.
Mexico's Obrador Will Work to Calm Markets, Campaign Chief Says
The campaign chief of Mexico’s Andres Manuel Lopez Obrador has a clear message to investors: the leftist presidential candidate who looks poised for a landslide victory in the July 1 election won’t rip up the country’s laws.
Mexico's Obrador Will Work to Calm Markets, Campaign Chief Says
Lopez Obrador wouldn’t aim for an overhaul of the energy sector, nor any other major constitutional reform in the first three years of his government because he needs to focus on cutting the budget, Clothier said. The only exception, she conceded, would be changes to the education system that are nearly consensual among two of three major parties.
Mexico's Godfather: A Survivor Who'll Likely Do Fine Under AMLO
It’s easy to see how Beltrones, or someone like him, could be useful to an AMLO administration. One aide describes him as an octopus, with tentacles in every party. As PRI leader in the lower house, he played a key role reaching across the aisles to get Pena Nieto’s energy and education reforms through. His personal assistant in Congress, Canek Vazquez, has since joined Lopez Obrador’s Morena bloc, which may need allies to push through an ambitious economic agenda.
No México, outsider da política é favorito para Presidência
López Obrador enfatiza que, à exceção de alguns casos especiais ou em andamento, ele não terá como alvo membros do governo do atual presidente, Enrique Peña Nieto, e de seu partido, o PRI. Ele se concentrará na prevenção da corrupção no futuro. "Ele está ampliando conscientemente seu público para receber membros do PRI que estão insatisfeitos", disse Andrew Selee, do Instituto de Políticas de Migração, em Washington.
No Nafta Better Than Bad Nafta for Mexico's AMLO: Top Aide
No Nafta agreement is better than a bad one for Mexico’s presidential front-runner, Andres Manuel Lopez Obrador, who would insist on being part of the trade talks as soon as next month if he’s elected, a top economic adviser said.
No Nafta Better Than Bad Nafta for Mexico's AMLO, Top Aide Says
Asked to clarify the mixed messages from Lopez Obrador’s campaign on the nation’s landmark oil reform, Esquivel said private drilling contracts already won at auction would be respected, unless corruption is found during an auditing process. He said the pace of future auctions would slow, but most likely continue for deep water blocks since Mexico doesn’t have the resources or technology to carry those out. "So far, with the contracts we’ve been reviewing, the agreements are fine for us.
Mexico’s AMLO Is Said to Consider Adding Tequila Crisis Veteran
Ortiz, 69, who holds a doctorate in economics from Stanford University, had served as transportation minister for less than a month in December 1994 when President Ernesto Zedillo tapped him as finance minister to stabilize the economy amid a peso devaluation and capital flight sparked by U.S. rate hikes. Ortiz saw Mexico through one of the worst recessions since the 1930s and a U.S. bailout, helping return the nation to growth in 1996.
Expect Lopez Obrador, foe of Mexico's energy reforms, to win presidency
His poll lead is commanding, and it's been around a while, so investors have been forced to come to terms with the likelihood that Andres Manuel Lopez Obrador will be Mexico's next president -- however much they hate the idea. What's not priced into most calculations is that the leftist front-runner could also enjoy a congressional majority after the July 1 vote, making it easier for him to reset Mexican economic policy.
Mexican Banks Are Said to Have Been Targeted in Cyber Attack
Three banks experienced “incidents” in recent days when operating the SPEI, Mexico’s interbank electronic transfer system, and will be connecting to the central bank’s network under “contingency schemes,” Banco de Mexico said in a statement Friday evening. That could cause delays in money transfers, according to the statement, which noted that the central bank’s SPEI infrastructure and client money haven’t been affected.
Mexican banks are said to have been targeted in cyber attack
Cyber attackers attempted to penetrate Mexico’s electronic payment systems Friday, forcing three banks to enact contingency plans, according to people familiar with the matter.Three banks experienced “incidents” in recent days when operating the SPEI, Mexico’s interbank electronic transfer system, and will be connecting to the central bank’s network under “contingency schemes,” Banco de Mexico said in a statement Friday evening.
Mexican Banks Are Said to Have Been Targeted in Cyber Attack
Cyber attackers attempted to penetrate Mexico’s electronic payment systems Friday, forcing three banks to enact contingency plans, according to people familiar with the matter.
Mexico's Obrador Keeps His Cool as Rivals Slam Him in Debate
Lopez Obrador may not have responded as well as others in the debates -- he said leading by example will be a key policy in fighting corruption -- but controlling his temper went a long way in preventing his rivals from gaining ground, said Carlos Petersen, an analyst at Washington-based Eurasia Group. In the 2006 presidential election, Lopez Obrador’s lead began to close after he failed to show up to the first debate, and after he’d called then President Vicente Fox names in public.
Mexico Central Bank Head Sees No Need of Extra Peso Intervention
The peso’s retreat in the past few days hasn’t been marked by the kind of liquidity shortage that would dictate additional intervention beyond what’s already happening, according to Mexico’s central bank governor.
Mexico Central Bank Head Sees No Need of Extra Peso Intervention
In its statement this month, the board reiterated that it expects the annual inflation rate to slow to near its 3 percent goal in the first quarter of 2019, while cautioning that this outlook faces risks from peso weakness that could be spurred by the Nafta talks, moves by the Fed, and Mexico’s election.
Mexico’s Obrador Threatens Probes If Airport Not Halted in July
"If we aren’t allowed to do this during the transition because they say they’re still in government and don’t allow it, we won’t start a war. Do what you please, but assume responsibility," Jimenez Espriu said in an interview in Mexico City. "On the first of December, we’ll open a complaint into those who may be found responsible."
NAFTA has `absolute support' of Mexican presidential frontrunner
Mexico’s leading presidential candidate, Andres Manuel Lopez Obrador, pledges “absolute support” for the North American Free Trade Agreement, his pick for finance minister said, as negotiators edge closer to a deal to renew it.The candidate would also respect the Trans-Pacific Partnership, said Carlos Urzua, picked by Lopez Obrador to be his finance minister if he wins the July 1 election.
Nafta Has `Absolute Support' of Mexican Presidential Frontrunner
While oil tenders will be reviewed to ensure companies that the winning bid offered the best returns for the government, he said it was highly probable no contract will be revoked. Going forward, however, oil auctions would be suspended to asses whether it makes sense to keep expanding drilling for a non-renewable energy source given the fields that are available in Mexico.
Narcos agree to stop murdering candidates in Mexico, bishop says
Narcos agree to stop murdering candidates in Mexico, bishop says (Bloomberg) -- A Mexican bishop says he’s reached a truce with drug traffickers in the state of Guerrero to stop a killing spree of candidates ahead of elections July 1st, an indication of how weak the state has become in the face of rising violence.
Narcos Agree to Stop Murdering Candidates in Mexico, Bishop Says
His actions aren’t an isolated incident, coming after the leading presidential candidate, Andres Manuel Lopez Obrador, floated the idea of an amnesty for some criminals in the form of shortened prison terms. Pacts with criminals have also taken place in other crime-ridden countries in the region such as El Salvador. Still, it is highly unusual for the church to intervene in the face of rising violence in Mexico.
Mexico Opinion Poll Suggests Presidential Race Tightening
Mexico will elect in just over three months the largest number of officials in the nation’s history. The race is gearing up to be highly contentious as violence grows and a spate of corruption scandals rock the ruling Institutional Revolutionary Party. Lopez Obrador, a leftist who’s pledged to halt Mexico’s oil reform, has maintained a consistent lead, while Anaya has promised to investigate President Enrique Pena Nieto on graft allegations.
2 Mexican independent candidates forced out of presidential election
MEXICO CITY — Mexico’s electoral regulator said millions of signatures gathered to put independent candidates on the presidential ballot are unverifiable, disqualifying two candidates and providing a lift to leftist front-runner Andres Manuel Lopez Obrador. More than 3 million signatures couldn’t be verified, leaving left-leaning Armando Rios Piter and former Gov.
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