Business Central America

  • President Donald Trump unless Mexico makes it clear it won't accept just anything in order to preserve the three-nation trade pact. Trump has pledged to renegotiate the pact between the U.S., Mexico and Canada and slap tariffs on imports. While Mexico runs a trade surplus with the United States, many sectors in the country also want greater restrictions on U.S....

  • Protesters in Mexico who are upset about gas prices have occupied inspection lanes several times this month for vehicles entering from the U.S. At the request of the Mexican government, U.S. authorities have been blocking vehicles from entering Mexico. It was the third straight weekend that freeway access into Mexico has been blocked at San Ysidro.

  • MEXICO CITY, Jan 23- Jose Cuervo, the world's biggest tequila producer, is planning a Feb. 8 pricing for its delayed initial public offering in a bid to raise up to $1 billion, two sources familiar with the matter said on Monday. Cristobal Mariscal, general counsel and corporate affairs director for Jose Cuervo, declined to comment. Started by Jose Antonio de Cuervo in...

  • MEXICO CITY, Jan 23- Mexico's President Enrique Pena Nieto said on Monday that he will aim to preserve tariff-free commerce under the North American Free Trade Agreement in talks with the new U.S. government. Mexico will also immediately seek bilateral deals with countries that formed part of the Trans-Pacific Partnership free trade deal, Pena Nieto said at an...

  • Pena Nieto gave a speech detailing what Mexico's baseline negotiating points would be, including economic integration, respect for the rights of migrants and the money they send home. Trump had originally suggested that the U.S. might retain some of that money to help pay for a wall between the two countries, a project he says Mexico will pay for but which Mexico...

  • MEXICO CITY, Jan 20- Mexico's president said on Friday he wanted to strengthen relations with his new U.S. counterpart Donald Trump, whose threats and barbs against the country raised fears of a major economic crisis, and battered its currency. The White House website said on Friday that Trump was committed to renegotiating the North American Free Trade...

  • MEXICO CITY, Jan 20- Mexico's president said on Friday he wanted to strengthen relations with his new U.S. counterpart Donald Trump, whose threats and barbs against the country raised fears of a major economic crisis, and battered its currency. President Enrique Pena Nieto, pilloried at home for meeting Trump in August after the New York businessman called...

  • MEXICO CITY, Jan 20- President Enrique Pena Nieto on Friday congratulated Donald Trump on his inauguration as U.S. president saying he would like to strengthen ties, but that sovereignty, national interest and protection of Mexicans would be paramount. Pena Nieto, criticized for meeting Trump last year even after the New York businessman had insulted Mexicans...

  • Last year, Chinese real estate conglomerate Dalian Wanda Group spent $3.5 billion to buy a controlling stake in U.S. film studio Legendary Entertainment, while Paramount worked with Alibaba Pictures Group Ltd in 2015 to promote "Mission: Impossible- Rogue Nation" in China. The studio could now use the latest partnership as an entry point into China, Paramount CEO...

  • MEXICO CITY, Jan 19- Mexico's peso could sink to a record low after Donald Trump assumes the U.S. presidency on Friday if he unveils any aggressive actions that could hammer the exports of Latin America's No. 2 economy, traders and analysts said. Trump threatened to rip up or renegotiate the NAFTA free trade deal with Mexico and Canada and impose tariffs on Mexican...

  • DETROIT— Thirteen automakers are recalling more than 652,000 vehicles in the U.S. in the latest round of dangerous Takata air bag inflator recalls. Automakers with recalls posted Thursday are Audi, Nissan, Jaguar-Land Rover, Subaru, Daimler Vans, Tesla, Mitsubishi, BMW, Ferrari, Mercedes, Mazda, McLaren and Karma. All the recalls are to replace front passenger...

  • LONDON, Jan 19- Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar. "Essentially the big part is how much they will actually hike this year- instead of two it could be three now," said Simon Quijano-Evans, emerging markets...

  • MEXICO CITY— Donald Trump's assumption of the U.S. presidency couldn't come at a worse time for Mexico. Even before his swearing-in, Trump has already hurt the country's economy by pressuring automakers to shift factories out of Mexico, threatening its most important manufacturing sector and status as a rising star in auto production. He has also threatened to...

  • BLOOMINGTON, Minn.— The Mall of America plans to continue showing movies, but in a renovated space that offers oversized reclining chairs, gourmet food and wines and cocktails. The Star Tribune reported Wednesday that CMX, a subsidiary of Mexico City- based Cinemex, is building a 64,000- square-foot movie theater at the Minnesota mall. Information from: Star...

  • MEXICO CITY, Jan 18- A deeply unpopular fuel price hike has pushed Mexican President Enrique Pena Nieto's approval rating to a record low of just 12 percent, the worst for any president in decades, a newspaper poll showed on Wednesday. Pena Nieto's government has been battered by a lackluster economy, corruption scandals, rampant violence, and most recently the...

  • BRASILIA, Jan 18- Mexico's economy is set to grow at the slowest pace in four years in 2017, a Reuters poll showed on Wednesday, after the election of Donald Trump to the White House upended relations with its biggest trade partner and foreign investor. Forecasts for economic growth elsewhere in Latin America were also revised down for most countries, the poll...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • At an investor day event, the Vancouver- based miner focused on the exploration potential at its mine sites and projects in the Americas, a turnaround from recent years when most miners' attention was on reducing costs, not growth. Goldcorp late on Monday said it expected to increase gold output by a fifth over the next five years to about 3 million ounces, driven by...

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...

  • MEXICO CITY, Jan 17- Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview. The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on...