Latest Mexico City News
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Heineken Weighs New Brewery for Mexico Comeback in AB InBev Duel
Heineken NV (HEIA) may build a new brewery in Mexico as it wins back market share lost after its 2010 purchase of the nation's second-largest brewer, said Marc Busain, the company's top executive in the country. The Amsterdam-based brewer, the world's third-largest, boosted its Mexican market share last year to about 42 percent after a decline in 2011, Busain said last week ...
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Mexico Peso Pares Losses on Pena Nieto’s Pemex Monopoly Comments
Mexico's peso pared losses after President Enrique Pena Nieto said he's negotiating with lawmakers to break the state monopoly over oil and gas exploration and production this year. The currency declined 0.8 percent to 12.8201 per dollar at 2:13 p.m. in Mexico City after earlier falling as much as 1.3 percent. The peso rebounded as Pena Nieto's comments boosted confidence ...
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Mexico’s Pena Nieto plans end to 75-year Pemex monopoly in oil production
Mexican President Enrique Pena Nieto said he's negotiating support to break the state monopoly over oil and gas exploration and production this year to accelerate economic growth. In the model envisioned by Pena Nieto, state-owned Petroleos Mexicanos would develop certain fields, with others being tapped by foreign and private companies. He declined to discuss details of the proposal, or ...
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Im free Mexico drops drug charges against US mom
Yanira Maldonado, who was charged with smuggling drugs in Mexico, is reuniting with her family after a week in jail. She was released shortly before midnight. NBC's Miguel Almaguer ...
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UPDATE 1-Mexico can weather market volatility -central banker Sanchez
Mon Jun 17, 2013 1:41pm EDT (Recasts, adds background, details, quotes) MEXICO CITY, June 17 (Reuters) - Mexico is well placed to deal with a further bout of market volatility but investors should keep a close eye on their exposure to currency and interest rate risk, central bank board member Manuel Sanchez said on Monday. Mexico's peso fell more than 6 percent in May and 10-year bond yields ...
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Mexico inflation to start trending down -Central Banks Sanchez
MEXICO CITY, June 17 | Mon Jun 17, 2013 1:02pm EDT MEXICO CITY, June 17 (Reuters) - A recent spike in Mexican inflation is temporary and although upside price risks prevail, so far there are no signs of knock-on effects, central bank board member Manuel Sanchez said on Monday. "Given the temporary nature of recent pressures, it is likely that inflation will soon resume a downward ...
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Mexico Peso Volatility Rises to a Year High Before Fed Decision
Mexican peso volatility climbed to its highest level in a year on concern the Federal Reserve will reduce a stimulus program that has reduced U.S. yields. One-month historical volatility, a measure of the magnitude of the peso's fluctuations during the period, rose to 13.8 percent at 10:34 a.m. in Mexico City, the highest on a closing basis since June 2012, according to data compiled ...
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Mexico faces tough test in Confederations Cup
Following a 2-1 defeat to Italy on Sunday, Mexico needs a result against hosts Brazil on Wednesday to stand any chance of reaching the Confederations Cup semifinals. Far from the high-pressure environment of the Estadio Azteca, the Confederations Cup offers Mexico's young and talented squad a welcome break from the World Cup qualifying campaign that has begun so disappointingly. The ...
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Italy beats Mexico eyes Japan clash
Edward Snowden, the fugitive former CIA employee and NSA contractor who leaked secrets about America’s spying operations, often hung out online with foreigners in Japan who shared his interests in anime, video games, martial arts, the stock market and the expat lifestyle. Snowden, who ...
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Claims Seek Forest Service Payment For 2011 New Mexico Fire
The federal government is being asked to cough up more than $60 million for damages from the 2011 Las Conchas fire and subsequent flooding in northern New Mexico. According to the Santa Fe New Mexican, the Forest Service faces damage claims filed last week by the Cochiti and Jemez pueblos and four individuals who own a ranch. The claims allege losses due to burned timber, habitat loss and ...
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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