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Business Central America

  • Soon afterward, carmaker Ford canceled a planned $1.6 billion plant in central Mexico, causing widespread alarm that Trump's interventions and threats to tear up the NAFTA trade agreement would lead to a collapse in investment in Mexico. But Fernando Turner, the economy minister of Nuevo Leon, said U.S. companies still were committed to the state and that there...

  • firms@ June 8- Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer. The peso advanced as far as 18.1625 per dollar, its strongest level since Nov. 9, when Trump's surprise victory drove the currency to a record low on fears he would rip...

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • CANCUN, Mexico, June 7- Boeing has looked at options "from mild to wild" for the design of a proposed mid-market jet, a senior executive said, hinting at a breakthrough that industry sources say will create building blocks for future models. Marketing Vice President Randy Tinseth said Boeing would leapfrog reported plans by Airbus to update its hot-selling...

  • CANCUN, Mexico, June 7- Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Norwegian Air Shuttle and Icelandic rival Wow have grabbed headlines with fares as low as $69 and $55 this summer, although Wow's...

  • CANCUN, June 6- Less than a year after passenger flights restarted between the United States and Cuba, the future of Cuban travel is once again up in the air. The Trump administration is reviewing the Obama administration's moves to ease restrictions on travel and investment in Cuba. "Restricting the network of aviation and access to Cuba would be bad news for...

  • MEXICO CITY, June 7- Mexican sugar producers still want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.- Mexico deal on access to the U.S. sugar market, the head of the Mexican sugar industry group said on Wednesday. Mexico on Tuesday conceded to U.S. demands for changes in the terms of Mexican access to the lucrative...

  • *Indonesia says Muslim pilgrims diverted from Qatar Airways. Several Middle Eastern countries, including Saudi Arabia, Egypt and the UAE, cut ties with Qatar on Monday over what they say is its support for terrorism, an accusation the Gulf state vehemently denies. The travel curbs add to the woes of Qatar's flagship airline Qatar Airways which has now lost access...

  • DUBAI/ SYDNEY, June 7- Qatari nationals will not be allowed to board flights to Dubai or Abu Dhabi because the United Arab Emirates has banned them from passing through its airports after Arab powers cut ties with Qatar, Etihad Airways said on Wednesday. Foreigners living in Qatar with residence visas will no longer be eligible for visas on arrival into the United...

  • *Qatar airspace blockade overshadows global airline meeting. *Qatar Airways forced to divert routes to fly over Iran. Saudi Arabia, Egypt, UAE and Bahrain severed diplomatic ties with Qatar on Monday over its alleged support for militants.

  • CANCUN, Mexico/ SYDNEY, June 7- Qatari nationals will not be allowed to board Qantas flights to Dubai because the United Arab Emirates has banned them from passing through its airports after Arab powers cut ties with Qatar, an executive at the Australian airline has said. Several Middle Eastern countries, including Saudi Arabia, Egypt and the United Arab Emirates,...

  • WASHINGTON/ NEW YORK, June 6- Mexico on Tuesday conceded to U.S. demands for changes in the terms of Mexican access to the lucrative U.S. sugar market, striking a deal with Washington that will likely lift prices of the sweetener to U.S. food processors and consumers. Sugar producers in the United States refused to endorse the agreement in principle between the two...

  • WASHINGTON/ NEW YORK, June 6- Mexico agreed to significant concessions on Tuesday to maintain its access to the lucrative U.S. sugar market, but U.S. sugar producers refused to endorse the deal between the governments, raising the risk that it could collapse. Commerce Secretary Wilbur Ross and Mexican Economy Minister Ildefonso Guajardo aims to aims to avoid...

  • MONTREAL/ CANCUN, June 6- U.S. airlines on Tuesday affirmed their support for a plan to curb emissions from flights, under review by the administration of President Donald Trump who recently decided to take the country out of Paris climate change accord. Air Transport Action Group told reporters at an industry gathering in Cancun, Mexico, on Tuesday that the deal...

  • NEW YORK, June 6- International travel to the United States in the month of April rose four percent year over year, an industry group reported on Tuesday, however the group cautioned that a strong dollar and uncertainty about the Trump Administration's policies could discourage foreign visitors in the months ahead. Data released on Tuesday by the U.S. Travel...

  • RPT-MEXICAN ECONOMY MINISTER GUAJARDO SAYS AGREEMENT IN PRINCIPLE WILL ALLOW MEXICAN SUGAR THE SAME ACCESS TO U.S.

  • Commerce Secretary Wilbur Ross said the "agreement in principle" with Mexican Economy Minister Ildefonso Guajardo calls for Mexico to reduce the share of refined sugar in its exports to the United States, while increasing the share of raw sugar. He said Mexico met nearly every request by the U.S. sugar industry to fix problems with a 2014 sugar trade agreement.

  • WASHINGTON, June 6- The United States and Mexico are close to announcing a sugar trade deal that will avert steep U.S. duties on Mexican sugar imports and clear a major obstacle from renegotiation of the NAFTA trade agreement, Mexican Economy Minister Ildefonso Guajardo said on Tuesday. The deal, which was still coming together on Tuesday morning, will reduce the...

  • CANCUN, Mexico/ JAKARTA, June 5- Indonesian budget carrier Lion Air may be an inaugural customer for a new Boeing Co plane that will become the largest member of its 737 medium-haul jet family, expected to be launched at the Paris Airshow, three people familiar with the plans said. Lion Air will be a launch customer for the 737 MAX 10, Lion Air Group President Director...

  • CANCUN, Mexico/ JAKARTA, June 5- Indonesian budget carrier Lion Air may be an inaugural customer for a new Boeing Co plane that will become the largest member of its 737 medium-haul jet family, expected to be launched at the Paris Airshow, three people familiar with the plans said. United Airlines Chief Executive Officer Oscar Munoz, contacted at an airlines...