New Mexico finance minister named

Mexico’s finance minister quits abruptly sending peso tumbling

Body language and behavioral analyst Jesus Enrique Rosas at the Knesix Institute said Herrera's avoidance of eye contact and rapid blinking - some 60 blinks per minute versus a normal rate of 15 per minute - might reflect heightened nervousness. "I am not planning any changes at the ministry".

Citing deep differences over economic issues, Mexico Finance Minister Carlos Urzua resigned on Tuesday in a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

Investors have anxious about Lopez Obrador's policy direction since he cancelled a major airport project before taking office, and the government has clashed with businesses on a number of occasions. "It's a strictly personal decision", he said about Urzua.

"We already did, but now that we're developing next year's budget, we can establish the measure", Lopez Obrador said.

This was announced on Tuesday, the President of the Latin American countries, Andres Manuel Lopez Obrador.

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The Minister of Finance and public credit of Mexico Carlos Ursua filed a petition of resignation.

Budget parameters would be presented on September 8, he added.

Herrera played down the episode when he was quoted as saying a mega project to build a new refinery wouldn't go forward, only to have AMLO say the opposite hours later.

Lopez Obrador has pledged to revive Pemex, whose $106 billion debt is the largest for any oil company in the world.

In the unusually strongly worded resignation note made public on his Twitter account, Urzua said the government was forming economic policy without sufficient foundation.

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