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  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • MEXICO CITY, Feb 11- The Mexican peso slumped to a record low on Thursday while Colombia's peso also hit its weakest level ever as investors dumped riskier assets around the world. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods. Colombia's peso shed more than 1.4 percent to...

  • A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. "We did end up hitting that target," Kamdar said, and the Dominican Republic was chosen as the destination. "But we found out a couple of weeks after booking that the Zika virus was spreading very...

  • MEXICO CITY— Four families have sued global bank HSBC in federal court in Texas alleging that the bank permitted Mexican drug cartels to launder money and thereby provided material support to terrorists. Among the people represented are Jaime Zapata and Victor Avila, agents for U.S. Immigration and Customs Enforcement. HSBC did not immediately respond to a...

  • A close ally of Pena Nieto, Lozoya became Pemex CEO in December 2012, overseeing the company during a momentous energy reform that ended Pemex's decades-long monopoly over the country's oil and gas sectors. "I've given instructions to the new director to make the efficiency and profitability of all Pemex's activities his top priority, with an emphasis on its...

  • Gonzalez Anaya, who holds degrees in economics and mechanical engineering from MIT and a doctorate in economics from Harvard, was previously head of Mexico's Social Security Institute. He has also worked as an economist for the World Bank and at senior positions in Mexico's Treasury Department. He was replaced as social security chief by Mikel Arriola...

  • MEXICO CITY— Mexico's state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. Petroleos Mexico says via Twitter that the fire on the Abkatun A platform off the coast of the southern state of Campeche was brought under control Sunday morning and the installation was never abandoned.

  • Report: Ford to build auto plant in Mexico Sunday, 7 Feb 2016 | 6:26 PM ET

    NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.

  • MEXICO CITY— A Mexican court has issued an injunction blocking further work on a real estate project in the Caribbean coast resort of Cancun that activists say has almost killed a mangrove swamp at the site. But environmentalist Araceli Dominguez expressed hope after the order was announced Wednesday that the mangrove can be recovered now that a court has...

  • MONTERREY/MEXICO CITY, Feb 4- Mexico's Cemex on Thursday set ambitious asset sales and debt-cutting targets and reported a surprise fourth-quarter profit, triggering a rally in its beaten-down shares. Cemex, which plans to sell a further $1 billion to $1.5 billion in assets and cut debt by $2 billion by the end of next year, has been reaping rewards from a...

  • Once-stalled border bridge dedicated near El Paso Thursday, 4 Feb 2016 | 1:05 AM ET

    TORNILLO, Texas— An international bridge over the Rio Grande near El Paso opened for the first time Thursday after years of construction delays, giving officials hope it would be a boon for Texas- Mexico border commerce. In remarks, Pena Nieto noted incendiary remarks by some U.S. conservatives about security along the U.S.- Mexico border. Homeland Security...

  • MEXICO CITY— A Mexican court has issued an injunction blocking further work on a real estate project in the Caribbean coast resort of Cancun that activists say has almost killed a mangrove swamp at the site. But environmentalist Araceli Dominguez expressed hope after the order was announced Wednesday that the mangrove can be recovered now that a court has...

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...

  • Remittances were up 4.75 percent from 2014 when they totaled $23.6 billion, the Bank of Mexico said. Analysts pointed to slumping global prices for oil, which earned Mexico $23.4 billion in 2015, and improved economic conditions in the United States, home to more than 11 million Mexicans and the source of nearly all Mexico's remittances. "There is an advance in...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • Feb 2- U.S. natural gas futures were trading down over 6 percent for a second day in a row early Tuesday on forecasts for warmer than normal weather for the rest of the winter that is expected to keep heating demand light. Front-month gas futures on the New York Mercantile Exchange fell 14.5 cents, or 6.74 percent, to $2.007 per million British thermal units at...

  • One industry's shares try to recover from Zika Monday, 1 Feb 2016 | 12:47 PM ET
    A worker fumigates the Sambadrome ahead of Carnival celebrations in Rio de Janiero, Brazil, on Tuesday, Jan. 26, 2016. The operation is part of the Health Ministry's efforts to eradicate the Aedes aegypti mosquito, which is thought to spread the Zika virus being blamed for causing birth defects.

    Tourism and travel-related stocks have taken a hit from worries surrounding the Zika virus.

  • Feb 1- U.S. natural gas were trading down over 5 percent early Monday on forecasts for warmer weather over the next two weeks that should reduce heating demand. After ending up over 5 percent on Friday, front-month gas futures on the New York Mercantile Exchange fell 12.1 cents, or 5.27 percent, to $2.177 per million British thermal units at 8:35 a.m. EST.

  • Jan 29- U.S. natural gas futures climbed up 5 percent early Friday in a short covering rally on forecasts for colder weather through the middle of February that should boost heating demand. After trading within a few cents of unchanged for eight days in a row, front-month gas futures on the New York Mercantile Exchange rose 10.9 cents to $2.291 per million British...

  • MEXICO CITY, Jan 28- Mexico's ICA has filed a criminal complaint against employees of Deutsche Bank in a bid to prevent the bank from seizing the collateral for a now-defaulted loan to the embattled construction firm, according to three sources close to the matter and a document reviewed by Reuters. But in a previously unreported counterstrike, ICA subsidiary...