Latest Mexico News
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More Idaho wheat sold for feed exports to Mexico drop
SEAN ELLIS Capital PressBOISE -- After increasing significantly in 2012, Idaho wheat exports to Mexico dropped considerably during the first quarter of 2013. The drop was caused by very high corn prices last year that resulted in a lot of Idaho wheat being sent through feed channels, according to industry experts. "Because of the price of corn, we had millions of bushels of wheat go to ...
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B.C. relatives fear for man kidnapped in Mexico along with his business partner
The frantic family of a missing B.C. man feared kidnapped in Mexico is praying for his safe return.Diego Hernandez, 22, disappeared in Puerto Vallarta on May 8 along with his American business partner, Craig Silva, 31.Three days before the pair disappeared, Hernandez, a mixed martial arts instructor, had mounted a successful, high-profile MMA event."It was a very exciting time for ...
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Mexican Peso Pares Drop on Speculation Fed Will Sustain Stimulus
Mexico 's peso pared its decline as a Federal Reserve official supported maintaining a monetary stimulus program that has buoyed emerging-market assets. The currency slid 0.2 percent to 12.3264 per U.S. dollar at 11:15 a.m. in Mexico City after earlier falling 0.8 percent. The peso has risen 4.3 percent in 2013, still the biggest gain among major currencies tracked by Bloomberg. St. ...
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Philip Morris Intl to fully control Mexican unit
Philip Morris Mexico for about $700 million. The transaction, which is expected to get completed by the end of September, is subject to the approval of the Mexican antitrust authority. Slim is on Philip Morris International's board of directors. Its shares fell $1, or 1.1 percent, to $94 in morning trading Tuesday, and have traded between $81.10 and $96.73 in the last 52 weeks. The ...
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Mexico Hands-on kitchen and spa for $300
The Baja resort, an hour’s drive south of San Diego, is offering Saturdays at the Ranch, a one-day visit that includes fitness and spa activities, meals and a hands-on afternoon in a class at the culinary center. The ranch and spa, tagged World’s Best Destination Spa by Travel & Leisure readers in 2010 and 2011, is a 3,000-acre property that specializes in health and wellness ...
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Canadian man missing in Mexico previously charged with drug offences
5/21/2013 A Canadian man missing in Mexico had a troubled past. Diego Hernandez recently faced drug charges on Vancouver Island. Three years ago, the 22-year-old was arrested in Saanich and charged with possession for the purpose of trafficking. His trial was slated to start last October, but court officials in Victoria cannot yet be reached to confirm details of the outcome. Police say ...
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Mexicos Femsa shares sink after Credit Suisse cuts view
MEXICO CITY, May 21 (Reuters) - Shares in Mexican bottling and retail company Femsa fell more than 4 percent to 134.34 pesos on Tuesday after Swiss bank Credit Suisse cut its view to underperform. The bank on Monday night raised its price target ...
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Analysis US food labels seen heating up North America meat war
By Rod Nickel and Theopolis Waters WINNIPEG, Manitoba/CHICAGO (Reuters) - The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada ...
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Halliburton sees Mexicos Pemex reducing activity for 2013
May 21 (Reuters) - Halliburton Co, the world's second-largest oilfield services company, said on Tuesday that Mexican state oil company Pemex was delaying any significant activity at its Burgos and Chicontepec projects until next year. ...
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Mexcios peso weakens to lowest point in nearly seven weeks
MEXICO CITY, May 21 (Reuters) - Mexico's peso lost 0.67 percent to trade at 12.3779 per dollar in early trading on Tuesday, its lowest value in nearly seven weeks, on wider strength of the ...
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UPDATE 1-Philip Morris to buy out Carlos Slims stake in Mexican JV
Tue May 21, 2013 10:55am EDT May 21 (Reuters) - Marlboro maker Philip Morris International Inc said it will buy out billionaire Carlos Slim's Grupo Carso from their Mexican joint venture for about $700 million. Grupo Carso will sell its 20 percent stake in Philip Morris Mexico in a deal that the U.S. company said would add marginally to its earnings per share in the fourth quarter. Philip ...
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Philip Morris to Buy Rest of Mexican Unit
Carlos Slim 's Grupo Carso SAB for about $700 million. The deal, which the companies expect to complete by Sept. 30, will add to earnings per share in the fourth quarter, New York-based Philip Morris said today in a statement. The final purchase price will be determined by a pre-agreed formula that is subject to adjustment by the target's performance. Chief Executive Officer ...
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Mexico stocks fall more than 1 pct America Movil Femsa weigh
MEXICO CITY | Tue May 21, 2013 10:18am EDT MEXICO CITY May 21 (Reuters) - Mexico's IPC stock index fell more than 1 percent in early trading on Tuesday, as bottling and retail company Femsa and telecoms giant America Movil weighed. Shares in Femsa fell more than 4 percent after Swiss bank Credit Suisse cut its view to underperform. The IPC fell 1.38 percent to 40,502.49 points in ...
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Kimco sells Mexican shopping center properties
Kimco held a 47.6 percent interest in the portfolio, which included 2.6 million square feet and was 91 percent occupied. Its share of the proceeds was about $93 million, and it said it realized a gain on sale of about $26 million. With the sale of the nine properties, Kimco said its remaining Mexican shopping center portfolio covers 47 properties totaling 9.4 million square feet. Shares of ...
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Mexican Economy Continued To Weaken In Q1 2013
The weakness we began to see at the end of 2012 carried over into 2013, and deepened, with domestic demand joining the weakness in global economic growth. The economy posted a growth rate of only 0.8 percent in ...
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Cathie Anderson Fungus killing coffee plantations in Mexico Central America
Coffee lovers probably won't hear much about la roya in the United States, but this fungal disease is decimating thousands of coffee farms across Mexico and Central America.Pete Rogers isn't the average American coffee lover. He travels to Guatemala, Nicaragua, Costa Rica, Panama and other exotic locales to find and purchase green coffee beans for his family's company, Rogers ...
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Big jump in HIV among Navajo in New Mexico
A Navajo reservation near Gallup, N.M., had a 20 percent increase in HIV diagnoses in 2012 from 2011, a doctor says. Dr. Jonathan Iralu, an infectious disease specialist who runs an HIV clinic in Gallup, said he compiled the report for the federal Indian Health Service because he used to treat a small number of Navajo men with human immunodeficiency virus each year. However, the 47 new cases ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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