Latest Mexico News
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The Deal Philip Morris Inhales Mexican JV
said Tuesday, May 21, it will acquire the remaining 20% stake in its joint venture Philip Morris Mexico SA de CV it does not own for about $700 ...
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Mexican peso erases gains stocks turn negative
MEXICO CITY | Wed May 22, 2013 11:44am EDT MEXICO CITY May 22 (Reuters) - Mexico's peso and stocks pared gains on Wednesday that stemmed from comments by U.S. Federal Reserve chairman Ben Bernanke, who hinted it was not time to rein in monetary stimulus that supports appetite for risky assets. The IPC Index dipped 0.69 percent to 40,251 points while the peso fell 0.238 percent to ...
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Mexicos peso firms after US Fed hints at continued stimulus
MEXICO CITY, May 22 (Reuters) - Mexico's peso strengthened in early trading on Wednesday, after testimony revealed U.S. Federal Reserve chairman Ben Bernanke does not think it is time to rein in monetary stimulus. Mexico's peso firmed 0.79 ...
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Mexicos Homex says arguably in default on some debt
MEXICO CITY, May 22 (Reuters) - Failure to meet payments due on derivatives "arguably" constitutes an event of default on debt owed by Mexico's second-largest homebuilder Homex , the company disclosed in a filing on Wednesday. Barclays' Mexico ...
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Abertis keen on USMexico buys but no rush
MADRID (Reuters) - Spanish infrastructure group Abertis (ABE.MC) is seeking acquisitions in the Americas, particularly the United States and Mexico, but is in no rush after its 2012 spending spree, its chief executive told Reuters. Abertis became ...
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Mexico stocks rise after Bernanke hints at steady stimulus
MEXICO CITY | Wed May 22, 2013 10:39am EDT MEXICO CITY May 22 (Reuters) - Mexican stocks jumped on Wednesday after Federal Reserve chairman Ben Bernanke suggested in a speech that it is not yet time to rein in U.S. monetary stimulus, which has boosted demand for riskier assets around the world. The IPC stock index rose just over 1 percent to 40,969 before hitting resitance and pulling ...
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Mexican Retail Sales Unexpectedly Fall for Second Month in a Row
sales (MXWRTRYO) surprised analysts in March by contracting for a second straight month for the first time since 2009, bolstering bets policy makers will cut interest rates again this year. Sales fell 2.4 percent from a year earlier, the national statistics agency said today, more than forecast by any of the 19 analysts surveyed by Bloomberg. The median estimate was for an increase of 0.3 ...
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Sugar prices risk further decline as China eyes import curbs
* High Chinese domestic prices stimulate imports - trade * Several dealers doubt China will raise import duty * Authorities could step up efforts against smuggling By David Brough and Dominique Patton LONDON/BEIJING, May 22 (Reuters) - A slide ...
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UPDATE 1-US not respecting WTO ruling on meat labeling -Mexico
(Updates with agriculture minister's quotes) By Adriana Barrera MEXICO CITY, May 21 (Reuters) - The United States is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez ...
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Family of B.C. man missing in Mexico frustrated with police probe
The family of a Canadian man who went missing in Mexico two weeks ago fear they are unable to trust the local police who are leading the investigation. Diego Hernandez, a 22-year-old martial arts instructor from British Columbia, and his American friend Craig Silva, disappeared from the Mexican resort city of Puerto Vallarta on May 8. The two were in the country to organize a mixed martial ...
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RPT-Fitch Revises BPs Outlook to Stable IDR Affirmed at A
May 22 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has revised the Outlook on BP plc's (BP) Long-term Issuer Default Rating (IDR) to Stable from Positive. A full list of rating actions is at the end ...
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Soccer-Moses out of Nigerias matches Obi Mikel wants a rest
May 22 (Reuters) - Victor Moses has withdrawn from Nigeria's squad for next month's World Cup soccer qualifiers and Confederation Cup tournament while Chelsea team mate John Obi Mikel has asked to be rested for a friendly against Mexico next ...
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TABLE-Indias April Iran oil imports drop 34.2 pct vs March -trade
May 22 (Reuters) - India's oil imports from Iran fell about 34.2 percent in April from March to about 117,3000 barrels per day (bpd), while shipments in the first four months of the year declined 46.3 percent, tanker arrival data made available ...
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UK Stocks-Factors to watch on Weds. May 22
LONDON, May 22 (Reuters) - Britain's FTSE 100 is seen opening mixed on Wednesday with financial bookmakers calling the index to open between down by 11 points and up by 13 points. For more on the factors affecting European stocks, please click on ...
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Mexicans lose all hope in their impotent authorities
In Mexico, people take arms in their hands. Residents of south-eastern states of the country, tired of incessant wars of drug cartels, create armed militia to defend themselves and their streets. Mexican authorities fear the fighters of Mexican self-defense - the authorities actually surrendered to criminal ...
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Gas station Mexican restaurant opens as standalone Las Cazuelas Grill
When a little Mexican lunch counter in a gas station becomes something of a dining destination, it says something very good about the talents of the proprietors. Maria Cristina Aldana, encouraged by her husband, Sergio Orozco, opened her first restaurant in that modest setting on ...
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Chinas President to Visit Mexico
Mexico, May 22 (Prensa Latina) President of the Popular Republic of China, Xi Jinping, will visit Mexico from June 4 to 6, informed the Foreign Affairs Secretary. According to the statement, the Chinese head of state will have a private meeting with Mexican president, Enrique Peña Nieto, and another with the official commissions of both countries. The agenda includes his participation in ...
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Ford adds production in North America to meet new car demand
F.N ) is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market ...
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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