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Yahoos $2.75 billion Mexican ruling overturned
A Mexican appellate court has thrown out a $2.75 billion ruling against Yahoo Inc. and Yahoo Mexico, Reuters reports. The ruling late last year was reported to equal as much as 40 percent of Yahoo's 2012 cash balance. The case involves two Mexican companies that allege Yahoo (NASDAQ: YHOO) breached a contract related to an online yellow pages ...
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YOUR MONEY How to see the world and arbitrage your retirement
(The writer is a Reuters contributor. The opinions expressed are his own) By Chris Taylor NEW YORK, May 17 (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By ...
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Record trades as emerging markets go mainstream
By Paul Kilby Fri May 17, 2013 10:15am EDT NEW YORK, May 17 (IFR) - By raising a combined US$14.25bn in one day, Brazil's Petrobras and Indonesia's Pertamina underscored the enormous bid for emerging market credits. The two oil trades generated nearly US$60bn in demand between them, endorsing the asset class's place in a global credit market that was once the sole domain of G7 ...
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Travel Picks Top 10 quirky museums around the world
LONDON, May 17 (Reuters) - Hear the word museum and odds are you conjure up an image of portrait halls and sculpture gardens - the traditional home of traditional art. However, the world is a huge, creative and even quirky place. So to satisfy those offbeat tastes online travel adviser Cheapflights.com (www.cheapflights.com) has come up with its Top 10 quirky museums. Reuters has not endorsed ...
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RPT-INTERVIEW-Payout official set for surge in BP spill claims
(Repeats to reach more customers) By Kathy Finn NEW ORLEANS, May 16 (Reuters) - The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said ...
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Slim comes second Is Mexicos president a monopoly buster
Mexican mega-mogul Carlos Slim just lost the world's richest man title to Bill Gates. Will President Enrique Pea Nieto's reform agenda whittle down other ...
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OECD warns Mexico on oil dependence
Mexico is too dependent on oil and environmental degradation has accounted for a drop in gross domestic production, the OECD said. Mexican President Enrique Pena Nieto said overhauling the country's energy sector is a top priority for his administration. Reforms under consideration include letting national oil companies partner with their foreign counterparts to open the country to new ...
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UPDATE 1-Mexicos Pemex makes another oil find in ultra deep ...
MEXICO CITY, May 16 (Reuters) - Mexico state oil monopoly Pemex said on Thursday it has found "clear indications" of light crude at its ultra-deepwater Maximino well. The 9,515-foot well makes the third such find in the Perdido Fold Belt, located ...
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Mexican FM to visit China
Mexican Foreign Minister Jose Antonio Meade Kuribrena will visit China from May 19 to 20, Chinese Foreign Ministry spokesman Hong Lei announced at a regular press conference Friday in Beijing.According to Hong, the visit paid by Kuribrena, Mexico's Secretary of Foreign Relations, is at the invitation of the Chinese Foreign ...
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New Mexico mom chases down man who grabbed 4-year-old daughter suspect arrested
Albuquerque police officers search for a suspect who apparently kidnapped a five year old near Near Indian School Wednesday afternoon, May 15, 2013. The mother of the kidnapped victim chased the kidnapper to Southeast Albuquerque where she struck his car near the corner of Kathryn and Ortiz. The man had pushed the girl out of the car shortly after grabbing her. The girl was not injured. (AP ...
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Mexico has new plan to tackle drug violence
Mexico City - A Mexican general took over all police and military operations in a chaotic western state on Thursday in a test run of President Enrique Pena Nieto's new security strategy to tame raging drug ...
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RPT-COLUMN-Enhanced recovery will anchor oil prices below $100 Kemp
Fri May 17, 2013 4:14am EDT By John Kemp LONDON May 16 (Reuters) - Enhanced oil recovery (EOR) techniques could boost U.S. domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 large coal-fired power plants, at a price of just $85 per barrel, according to an estimate published by the U.S. Department of Energy. By injecting carbon dioxide (CO2) ...
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Spanish stocks - Factors to watch on Friday
The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: BANKS The Bank of Spain reports the March's non-performing loans ...
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Mexican Drug Cartels Bring More Crime Violence To Oklahoma
Unlike the small, clandestine labs we see in Oklahoma, Mexican meth is made in super labs, where they don't produce grams or pounds, but tons of ...
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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