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Business Central America

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  • MEXICO CITY, June 17- Ride-hailing service Uber Technologies Inc is open to being regulated in Mexico City, a company spokesperson said on Wednesday, as the rapidly growing start-up seeks to cement its expansion in one of the largest cities in the Americas. Uber entered Mexico City in 2013, and says it has grown to around 300,000 users. On Wednesday, Ana Paula...

  • MEXICO CITY, June 17- Mexico's Supreme Court on Wednesday ruled in favor of airport operator Grupo Aeroportuario del Pacifico in a four-year dispute with mining and railroad company Grupo Mexico. A source with knowledge of Grupo Mexico's thinking said the decision in favor of GAP was a surprise for the Grupo Mexico and that it would now have no other option but...

  • *Daimler closing profitability gap with BMW, Audi. Markus Schaefer said in an interview the analysis was at the heart of the luxury carmaker's drive to improve productivity, and in turn boost profit margins in its battle with German rivals BMW and Audi. In the first quarter of 2015, it made a return on sales of 9.2 percent, only just below the 9.5 and 9.7 percent at BMW...

  • MEXICO CITY, June 14- Mexico's National Electoral Institute on Sunday confirmed that President Enrique Pena Nieto's ruling party emerged as the strongest force in elections last weekend, which INE forecasts say will enable it to retain control of the lower house. A preliminary INE estimate seen by Reuters showed that Pena Nieto's Institutional...

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • MEXICO CITY, June 12- BlackRock Inc, the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock announced its deal to buy Infraestructura Institucional, also known as I Cuadrada, on Friday, but gave no...

  • MEXICO CITY, June 12- BlackRock, the world's largest asset manager, plans to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. BlackRock's purchase of the fund would make it a partner with Hinojosa in one of the projects, a hospital in the State of Mexico,...

  • Mexico, EU aim for deeper trade ties with new accord Friday, 12 Jun 2015 | 7:18 AM ET

    BRUSSELS, June 12- The European Union and Mexico agreed on Friday to launch negotiations towards a new free-trade agreement, as Mexico seeks to avoid being sidelined by Europe's bigger trade deals with the United States and Canada. "Mexico has to align with them," he said of the United States and Canada, with which Mexico signed the North American Free Trade...

  • GUADALAJARA, Mexico, June 10- Mexican state oil company Pemex said on Wednesday it had made one of its biggest discoveries in years, unveiling new shallow water oil fields in the southern Gulf of Mexico that could produce 200,000 barrels per day by mid-2018. The total proven, probable and possible reserves of the fields could be as high as 350 million barrels of...

  • NEW YORK/ MEXICO CITY, June 9- Almost a year after Mexico opened its energy market to private investors, North American firms are rushing south to decide which pipeline or power plant to invest in. Though the money tap could eventually open, given the promise afforded by Mexican natural gas, oil and renewable energy projects, some of the reluctance to ink deals may be...

  • MEXICO CITY, June 8- Mexican President Enrique Pena Nieto was close to retaining a slim majority in the lower house of Congress on Monday despite losing support in mid-term elections marked by anger over corruption, gang violence and weak economic growth. By Monday morning, with 85 percent of polling station returns in, preliminary results showed Pena Nieto's...

  • MEXICO CITY, June 8- Mexican President Enrique Pena Nieto's slim working majority in the lower house of Congress hung in the balance on Monday after mid-term elections held amid widespread anger over corruption, gang violence and weak economic growth. By early Monday morning, with nearly three-quarters of polling station returns, preliminary results showed...

  • MEXICO CITY, June 8- Mexican President Enrique Pena Nieto's slim working majority in the lower house of Congress sat in the balance early on Monday after mid-term elections held amid widespread anger over corruption, gang violence and weak economic growth. Early forecasts from Mexico's electoral authority INE showed his Institutional Revolutionary Party...

  • *Hyundai squeezed by limited SUV range& capacity. *Hyundai to discontinue Veracruz, its biggest SUV. There is no certainty Hyundai will bring the new vehicle to market, one of the people said, given concerns about its lack of brand power in the higher-priced SUV segment, and whether oil prices could surge again and erode the market for gas-guzzlers.

  • MEXICO CITY, June 4- Hurricane Blanca weakened slightly off Mexico's Pacific coast on Thursday but could restrengthen as it continues moving toward tourist resorts at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 435 miles south of...

  • MEXICO CITY, June 4- Hurricane Blanca weakened to a category 2 storm off Mexico's Pacific coast on Thursday but it is forecast to strengthen as it heads toward tourist resorts at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 465 miles...

  • MEXICO CITY, June 3- Hurricane Blanca strengthened to a category 4 storm off Mexico's Pacific coast on Wednesday and was expected to bear down on a tourist hub at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 420 miles south-southwest...

  • Police met U.S. Airways flight 648, with 88 passengers and five crew on board, when it landed at Philadelphia International Airport due to a "possible security threat," said Victoria Lupica, a spokeswoman for U.S. Airways' parent company, American Airlines Group Inc. NBC and CNN reported that other U.S. commercial flights received bomb threats on Tuesday: a United...

  • Opposition lawmakers from left and right have demanded that Pena Nieto make a full declaration of his assets, which total at least $3 million. The new declaration added notes explaining why Pena Nieto had described the purchased property, as well as another 24,000 square meter plot of land, as donations from his father. A public registry document that Reuters...

  • Hong Kong- based HK Nicaragua Canal Development Investment Co Ltd, which is controlled by Wang Jing, a Chinese telecom mogul well connected to China's political elite, owns the concession to build and operate the canal. After a chiefly symbolic groundbreaking ceremony in Managua last year, from which members of the international media were barred, Wang Jing...