Business Central America

  • MEXICO CITY, Dec 7- A consortium including billionaire Carlos Slim's building unit submitted the lowest bid on Wednesday in a tender for the terminal project at Mexico City's new $13 billion airport as the telecoms tycoon looks to edge out two rivals for the deal. The construction arm of Slim's Grupo Carso and his majority-owned FCC, submitted a bid of 84.8...

  • MEXICO CITY— Wal-Mart's Mexico unit has announced plans to invest $1.3 billion dollars and create 10,000 jobs in expanding its logistics and distribution network in Mexico. The company stressed that the investment "was generated by profits we have obtained in Mexico," appearing to quell any doubts about any transfer of jobs or investment from the United...

  • SHARES OF MEXICO'S ICA RISE MORE THAN 14 PCT FOLLOWING PRESENTATION OF BID FOR NEW MEXICO CITY AIRPORT TERMINAL.

  • MEXICO CITY, Dec 7- Billionaire Carlos Slim's Carso and FCC presented a joint bid on Wednesday with Spanish firm Acciona and cash-strapped builder ICA to build the terminal of Mexico City's new $13 billion airport. Reuters reported on Tuesday that the group, which includes Mexican firms Constructora Y Edificadora GIA+ A, Promotora y Desarrolladora Mexicana,...

  • BRASILIA/ MEXICO CITY, Dec 7- Brazilian shares will probably extend their rise to approach all-time highs in 2017, outperforming Mexican stocks, as inflation and interest rates fall, a Reuters poll showed. The median forecast of 13 strategists in the poll taken between Nov. 28 and Dec. 6 showed Brazil's benchmark Bovespa stock index gaining 18 percent to 72,000 by...

  • WASHINGTON— Winning praise from President-elect Donald Trump for being a "great man of industry," Japanese tech billionaire Masayoshi Son promised to invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs. Last week, the president-elect spoke at the Carrier furnace plant in Indianapolis after the company announced...

  • SANTIAGO CUAUTLALPAN, Mexico— Mexicans have been brewing pulque from the juice of cactus-like maguey plants for centuries, but the viscous, beer-like beverage fell out of favor starting in the 1970 s as pulque got a bad reputation as a peasant's drink. The Aztecs of Mexico's central highlands revered pulque, pronounced POOL-kay, reserving it for the highest...

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • WASHINGTON— After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs over an unspecified time period. Last week, the president-elect spoke at the Carrier furnace plant in Indianapolis after the company announced plans to...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on U.S. officials on Tuesday not to let Taiwanese President Tsai Ing- wen pass through the United States en route to Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • BEIJING/ GUATEMALA CITY, Dec 6- China called on the United States on Tuesday not to let Taiwan President Tsai Ing- wen transit there when she visits Guatemala next month, days after President-elect Donald Trump irked Beijing by speaking to Tsai in a break with decades of precedent. China is deeply suspicious of Tsai, whom it thinks wants to push for the formal...

  • MEXICO CITY, Dec 5- Fresh off a historic tie-up with Australia's BHP Billiton Plc, Pemex is aiming for more than five additional joint ventures with other major producers over the next two years, the chief executive officer of the Mexican state oil firm said on Monday. Pemex already plans four shallow water and onshore tie-ups next year, and Pemex CEO Jose Antonio...

  • MEXICO CITY— Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso's devaluation. Since then, Mexico's peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. Manufacturing wages in Mexico average about $2.10 an hour in Mexico, compared to $20.60 per hour in the U.S.

  • MEXICO CITY— Mexico's state-owned oil company Pemex said Monday that it has awarded its first contract with a private firm for a joint operating agreement in deep-water oil drilling. The Trion field is near Mexico's maritime boundary with the United States in the Gulf of Mexico and is believed to hold the equivalent of 485 million barrels of oil.

  • LA PARADA, Colombia, Dec 5- Women from crisis-hit Venezuela are crossing the border in droves and selling their hair in a Colombian border town in order to afford scarce basic necessities such as food, diapers or medicines. Dozens of middlemen, known as "draggers," stand on a bridge linking San Antonio, Venezuela, to Colombia's La Parada, calling out: "We buy hair!"

  • US seeing surge of Central American migrants

    Customs and Border Protection officials deal with a sudden influx of families seeking asylum.

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • MEXICO CITY, Dec 5- A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great proven frontier." "What they're doing is literally rewriting the geological model of the Gulf of Mexico," Juan...

  • San Antonio Fire Department spokesman Woody Woodward says that when the plane landed Sunday afternoon its nose gear collapsed. Skywest Airlines said Skywest Flight 5588 operating as United Express from Houston to Monterrey, Mexico, diverted to San Antonio after the crew got a gear indication. Skywest says there were 51 passengers and four crew members...