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Business Central America

  • MEXICO CITY, Jan 25- Mexican cement company Cemex SAB de CV said on Wednesday it was forging ahead with its plan to sell its 23 percent stake in Grupo Cementos de Chihuahua SAB de CV, a move that could raise more than $400 million. After Donald Trump's election as U.S. president, various Mexican companies have postponed stock offerings due to uncertainty over his...

  • 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...

  • 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...

  • 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, 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...

  • *Hyundai Motor Group agonising over Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to...

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.