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Business Central America

  • MEXICO CITY/ NEW YORK, May 24- The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The facelift reflects Citigroup Chief Executive Michael Corbat's ambition to turn the group's Mexican operation into a "state-of-the-art bank."

  • MEXICO CITY— A major commercial border crossing between the U.S. and Mexico will remain closed this week as a result of damaging winds and rain. U.S. Customs and Border Protection says in a statement that the World Trade Bridge connecting Nuevo Laredo, Mexico, and Laredo, Texas, will hopefully reopen on May 29. Strong winds Sunday afternoon ripped roofing off...

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilise oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • MEXICO CITY, May 22- Mexico revised its official 2017 growth estimate upward on Monday, shortly after government data showed the economy was largely shrugging off fears U.S. The election of Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement and pursue U.S. policies that could hurt the...

  • MEXICO CITY, May 22- Mexico on Monday revised upward its official 2017 growth estimate, shortly after government data showed the economy was largely shrugging off fears U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement and pursue U.S. policies that could hurt...

  • After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border— bound for Texas and U.S. feed lots beyond. On one of the three bridges connecting Reynosa with Texas, they might cross paths with the beef and chicken shipments that Lopez imports from the U.S. for his local chains of butcher shops and fried...

  • A cargo ship makes its way through the Miraflores locks as it crosses the Panama Canal on April 7, 2016 in Panama City, Panama.

    Pacific Alliance countries are in talks to expand the trade bloc outside Latin America and into high-growth Asia amid uncertainty over TPP.

  • VATICAN CITY— In a surprise announcement Sunday, Pope Francis named new cardinals for Spain, El Salvador and three countries where Catholics are a tiny minority: Mali, Laos and Sweden. The five churchmen chosen are Monsignor Jean Zerbo, archbishop of Bamako, Mali, where he has been involved in peace efforts amid Islamist extremism; Monsignor Juan Jose Omella,...

  • LOS ANGELES— The Latest on a collision between a plane and airport utility truck in Los Angeles:. Police say an Aeromexico plane taxiing toward a gate at Los Angeles International Airport was crossing a service road when it struck a supply truck, causing the vehicle to overturn and resulting in eight injuries. The Boeing 737 arrived in Los Angeles Saturday...

  • LOS ANGELES— Eight people were injured Saturday after an Aeromexico passenger jet clipped a supply truck shortly after landing at Los Angeles International Airport, authorities said. The Boeing 737 was taxiing to an arrival gate and was crossing a service road when the plane's right wing tip "acted like a hook," lifted the rear top of the high-profile truck and...

  • SAN DIEGO— Charges against a father-son partnership for allegedly smuggling more than $17 million worth of sea cucumbers to the United States and exporting them to Asia sheds light on a growing and lucrative illegal cross-border trade. David Mayorquin and his father, Ramon Torres Mayorquin, are accused of a scheme to buy the illegally harvested animals from...

  • SAN DIEGO— Charges against a father-son partnership for allegedly smuggling more than $17 million worth of sea cucumbers to the United States and exporting them to Asia sheds light on a growing and lucrative illegal cross-border trade. David Mayorquin and his father, Ramon Torres Mayorquin, are accused of a scheme to buy the illegally harvested animals from...

  • MEXICO CITY, May 18- Mexico's central bank unexpectedly hiked its key interest rate on Thursday as it sought to keep in check inflation that remains above its target, providing little evidence the tightening cycle was over and prompting the peso to briefly reverse losses. It will also keep an eye on the evolution of the relative monetary position between Mexico...

  • MEXICO CITY— Mexico's central bank has raised its benchmark interest rate by a quarter-point to 6.75 percent as inflation continues to outpace targets. The bank notes that investment has lagged due to uncertainty in the U.S.- Mexico relationship. Also Thursday, the Trump administration formally notified the U.S. Congress that it intends to renegotiate the...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • MEXICO CITY, May 17- Companies no longer fear the North American Trade Agreement will collapse and top U.S. multinationals in Mexico are committed to investing in the country going forward, the head of a global business lobby said on Wednesday. The CEEG represents a host of multinationals in Mexico including AT&T Inc, Coca-Cola Co, General Motors Co, Microsoft...

  • MEXICO CITY, May 17- Exxon Mobil Corp announced it will bring its Mobil-brand gas stations to Mexico, pumping $300 million in the coming decade as it seeks to gain a foothold in the country's retail fuel market. Exxon expects to open its first service stations in Mexico later this year and will offer motorists its Synergy gasoline and diesel fuels, the U.S.-based...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • MEXICO CITY, May 17- Exxon Mobil Corp announced it will bring its Mobil-brand gas stations to Mexico, pumping $300 million in the coming decade as it seeks to gain a foothold in the country's retail fuel market. Exxon expects to open its first service stations in Mexico later this year and will offer motorists its Synergy gasoline and diesel fuels, the U.S. oil...