Latest Mexico News
RSS-
EMERGING MARKETS-Latam stocks fall on China data Fed worries
* Weak Chinese manufacturing hurts commodities stocks * Global markets open lower after Bernanke's comments * Brazil's Bovespa down 1.5 pct; Mexico's IPC falls 0.27 By Danielle Assalve Sao Paulo, May 23 (Reuters) - Latin American stocks fell on Thursday on surprisingly weak economic data from key trade partner China and concerns the U.S. Federal Reserve will scale back stimulus ...
-
Mexican Consumer Prices Fall Less Than Expected in Early May
annual (MXCPYOY) inflation further above the central bank's target range. Prices slid 0.35 percent in the first two weeks of the month, the national statistics agency said today on its website, compared with the 0.42 percent drop that was the median estimate of 19 economists surveyed by Bloomberg. Annual inflation quickened to 4.72 percent from 4.65 percent in April, above the ...
-
Mexicos Pemex to add 30000 bpd capacity to top refinery
By David Alire Garcia and Adriana Barrera MEXICO CITY (Reuters) - State oil monopoly Pemex will boost capacity at its biggest refinery, Salinas Cruz, by 9 percent in a $4 billion expansion, its head of refining said, part of Mexico's aim to ...
More Mexico News
RSS-
UPDATE 1-Mexico annual inflation rises more than expected in early ...
* 12-month inflation rises to 4.72 percent * Above central bank 4 percent limit for third month in a row MEXICO CITY, May 23 (Reuters) - Mexico's annual inflation rate rose more than expected in early May, holding well above the central bank's ...
-
Mexican stocks fall to nearly 8-mo low hit key support
MEXICO CITY | Thu May 23, 2013 9:44am EDT MEXICO CITY May 23 (Reuters) - Mexican stocks fell sharply on Thursday, sinking for the fourth session in a row, hurt by concerns that the U.S. Federal Reserve could scale back its stimulus that has fed demand for riskier assets around the world. The IPC stock index shed as much as 1.62 percent to 39,468 points, hitting near a key support that ...
-
First-time jobless claims drop by 23000
The U.S. Labor Department said first-time jobless benefits claims dropped by 23,000 to 340,000 in the week that ended Saturday. The department revised last week's estimate from 360,000 to 363,000, meaning the prior week's gain in initial claims filed came to 35,000, not 32,000. The four-week rolling average for the week fell by 500 to 339,500. The largest increases in initial claims ...
-
REUTERS SUMMIT-Colombia to tweak tax rules hunt foreign investors
Thu May 23, 2013 9:21am EDT * Foreign participation in TES market is about 4.5 pct * Gov't hopes tax clarification will boost foreign interest * Official hopes Colombia reaches levels closer to Peru, Mexico By Helen Murphy and Nelson Bocanegra BOGOTA, May 23 (Reuters) - Colombia hopes to attract more foreign money to its local bond market when it clarifies the text of a recent tax reform ...
-
Retail sales recover in Mexico
In Brazil, inflation eased slightly in mid-May, although slightly less than we expected, and the current account widened to 3% of GDP. In spite of the moderation in inflation, the hardening tone of the BCB leads us to expect the Selic rate to rise by a total of 125bp by end-August. Meanwhile, in Mexico, retail sales recovered slightly in March. Today markets will focus on unemployment figures in ...
-
Motor racing-Formula One Monaco Grand Prix 1st free practice ...
May 23 (Infostrada Sports) - 1st Free Practice Session from the Formula One Monaco Grand Prix at Circuit de Monaco on Thursday 1. Nico Rosberg (Germany) Mercedes 1:16.195 2. Fernando Alonso (Spain) Ferrari ...
-
Deals of the day -- mergers and acquisitions
May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday: ** Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution ...
-
UPDATE 1-Caixabank may sell 10 pct of Mexicos Inbursa
MADRID, May 23 (Reuters) - Spain's Caixabank said on Thursday it was considering selling around 10 percent of Mexico's Grupo Financiero Inbursa, worth $1.6 billion, to reduce its stake by half. Spain's biggest domestic lender has close business ...
-
Mexico Germany vow to promote tourism
Mexico and Germany pledged on Wednesday to promote bilateral tourism, air connectivity and the flow of visitors, Mexico's Ministry of Tourism said in a ...
-
Mexican investigators seize boxes filled with cash at office of ex-aide to former governor
MEXICO CITY - Mexican authorities on Wednesday seized five boxes filled with cash as part of an investigation into alleged embezzlement by a former governor of southern Tabasco state, in what could become the latest test for President Enrique Pena Nieto to act against corruption. Tabasco state prosecutor Fernando Valenzuela said bundles of 500- and 1,000-peso bills were found in an office of ...
-
Protesters at Las Vegas tech show take aim at Mexican billionaires corrupt practices
Jessica Padron, left, and members of Two Countries One Voice protest against Carlos Slim, a Mexican businessman listed as the second richest man in the world by Bloomberg’s Billionaire Index, in front of the Venetian Wednesday, May 22, 2013. The group accuses Slim’s telecommunication companies of engaging in predatory and monopolistic practices. The protest coincides with CTIA, a ...
-
Mexican Museum site caught in shadow fight
A proposed 47-story condominium tower -- which also would be the long-awaited permanent home of the Mexican Museum -- faces the prospect of a lawsuit from residents of the Four Seasons on Market Street who want to stop it from casting a pall on sunny Union Square. The 510-foot tower would be built at 706 Mission St. by developer Millennium Partners. At that height, it would drop shadows on the ...
-
Mexican trainer predicts knockout win for Perea
Veteran Jimrex 'Executioner' Jaca (37-6-3, 21KOs) will face an old enemy he met eight years ago this Saturday night in one of the co-main events of Pinoy Pride XX: Laban Kung Laban at the Waterfront Cebu City Hotel and Casino. This, after his opponent Mexican Jose Emilio Perea brought in his trainer Ernesto Salgado Garcia who was beside WBO Welterweight champion Juan Manuel Marquez ...
-
Boxes of cash seized in Mexico corruption probe
MEXICO CITY -; Mexican authorities say they have seized five boxes filled with cash as part of an investigation into alleged embezzlement by a former governor of southern Tabasco ...
-
Mexican farmers standing up to drug cartels refuse to disarm
Mexican soldiers patrol the streets during an operation searching for criminals in the area called 'Tierra Caliente' (Hot Land) in the Coalcoman community,Michoacan State, Mexico on May 21, 2013. (Alfredo Estrella/AFP/Getty Images) COALCOMAN, Mexico - Farmers wearing bulletproof vests and toting assault rifles ride in pick-up trucks emblazoned with the word "self-defense" to ...
-
Mexico says US economy a worry for growth
By Michael O'Boyle and Krista Hughes MEXICO CITY (Reuters) - Mixed signals from the U.S. economy are clouding the growth outlook for Mexico and it needs to be ready for the shocks that could accompany a possible withdrawal of U.S. monetary ...
-
Mexico drug cartel dominates torches western state
LA RUANA, Mexico (AP) — The western Mexico state of Michoacan is burning. A drug cartel that takes its name from an ancient monastic order has set fire to lumber yards, packing plants and passenger buses in a medieval-like reign of terror.The Knights Templar cartel is extorting protection from all sorts of businesses, prompting a backlash in the western agricultural state. Some communities ...
-
U.S. acknowledges killing four Americans in drone strikes
Undated handout image courtesy of the U.S. Air Force shows a MQ-1 Predator unmanned aircraft. The U.S. government has authorized the killing of American citizens as part of its controversial drone campaign against al Qaeda even without intelligence that such Americans are actively plotting to attack a U.S. target, according to a Justice Department memo. ...
-
Coulter When did we vote to become Mexico
Pre-1965 immigrants were what made this country what it was for a reason: They were the pre-welfare state immigrants. From around 1630 to 1966, immigrants sank or swam. About a third of them couldn’t make it in America and went home — and those are the ones who weren’t rejected right off the boat for being sick, crippled or idiots. That’s why corny stories of ...
-
EMERGING MARKETS-Mexico stocks sink to 8-month low on Fed fears
By Gabriel Stargardter MEXICO CITY, May 22 (Reuters) - Mexican stocks plunged to their lowest level in more than eight months on Wednesday, after U.S. Federal Reserve Chairman Ben Bernanke said the Fed could scale back the pace of bond purchases at one of its "next few meetings." Early in the session, the release of minutes from the last Federal Reserve policy meeting seemed to suggest ...
-
Uninsured Texans Seek Health Care In Mexico As Their Governor Resists Medicaid Expansion
article from Tuesday shines a light on what, exactly, most Republican governors’ refusal to expand Medicaid will mean for real Americans by examining poor communities in a state headed by one of Obamacare’s most ardent critics: Gov. Rick Perry (R-TX). The piece centers on particularly destitute populations in southern Texas, where some uninsured residents are so poor, sick, and ...
-
Fitch ratifica la calificacion de Atizapan de Zaragoza Estado de Mexico en BBB-
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
Mexico Feature
-
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
News from around our Network
