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  • MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global prices hurt public finances, and it is shelving a tainted $3.75 billion high-speed train tender as part of its austerity measures. Finance Minister Luis Videgaray said the cuts were intended to reassure global investors that Mexico will keep its...

  • UPDATE 2-Mexico cuts spending, shelves rail project Friday, 30 Jan 2015 | 1:55 PM ET

    MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances and announced austerity measures that included shelving a tainted $3.75 billion high-speed train tender. A slump in oil prices has battered Mexico's peso, which blew past the 15- per dollar level on Friday for the first...

  • MEXICO CITY— Mexico said Friday it will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices. Mexico has seen prices for its oil fall in recent months from around $100 to $38.42 per barrel. They were the only bidders for the proposed railway, which would connect Mexico City with the nearby city of Queretaro.

  • MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances and austerity measures that included shelving a tainted $3.75 billion high-speed train tender. Videgaray said the government was suspending a project to build a rail link between Mexico City and the central city of...

  • SANTA URSULA, Mexico— People in the hamlet of Santa Ursula began to worry when the logging started. In Santa Ursula, some 1.5 miles away, the ground shook and cracks formed in homes, some residents say. "For us, the arroyo is life," said Federico Cohetero, a farmer in Santa Ursula, a hamlet in Oaxaca state six hours southeast of Mexico City.

  • MEXICO CITY— A Mexican party isn't complete without a piñata, and Melesio Vicente Flores and Cecilia Albarran Gonzalez have spent the last 25 years making high-end versions of the papier-mache figures to later be stuffed with candies and broken open with a stick or club. At their four-story house built into a hillside on the east side of Mexico's sprawling...

  • Branson AirExpress to fly from Cincinnati-area airport Wednesday, 28 Jan 2015 | 2:05 PM ET

    CINCINNATI— Branson AirExpress is set this spring to start flights from the Cincinnati/Northern Kentucky International Airport to destinations including New Orleans and cities in Missouri and Mexico. They say the airline operated by Orange Air will start flights to New Orleans and to Branson, Missouri, and Cancun, Mexico, on May 7. The airline says it will...

  • US govt tells agents to ID immigrants not to deport Wednesday, 28 Jan 2015 | 12:24 AM ET

    WASHINGTON— The Obama administration has ordered immigration agents to ask immigrants they encounter living in the country illegally whether they might qualify under President Barack Obama's plans to avoid deporting them, according to internal training materials obtained by The Associated Press. The directives from the Homeland Security Department...

  • MEXICO CITY— The number of Monarch butterflies that reached wintering grounds in Mexico has rebounded 69 percent from last year's lowest-on-record levels, but their numbers remain very low, according to the World Wildlife Fund. The orange-and-black butterflies are suffering from loss of milkweed habitat in the United States, illegal logging in Mexico and...

  • The Jan. 2 disappearance of Moises Sanchez had sparked protests in Veracruz state, where at least 11 journalists have been killed since December 2010, making it one of the most dangerous states in Mexico for reporters. Sanchez was a social activist and journalist in the town of Medellin de Bravo who published a weekly, " La Union," which covered local government...

  • WATFORD CITY, N.D.— Police chief Art Walgren knew how much the oil boom had changed this once-sleepy town when he spotted something that would have been unheard of not long ago: license plates from Sinaloa, Mexico, home to one of the world's most violent drug cartels. Before, there was little chance police would see cars here from nearly 2,000 miles away.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • MEXICO CITY, Jan 21- The Latin American Integrated Market, or MILA, which comprises the bourses of Chile, Colombia, Peru and Mexico, plans to include debt instruments in 2016 and indexes for sectors such as mining and energy, top bourse officials said on Wednesday. Jose Oriol Bosch, chief executive of Mexico's stock exchange, said on the sidelines of an event at the...

  • Mexico president faces new questions about personal assets Wednesday, 21 Jan 2015 | 11:58 AM ET

    According to the Wall Street Journal, Pena Nieto bought the country-club house in Ixtapan de la Sal, about 70 miles south of the capital, from Roberto San Roman shortly after becoming governor of the state of Mexico in 2005.. It reported that San Roman's construction company won more than $100 million in state government contracts between 2005 and 2011, and at...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • ATLANTIC CITY, N.J.— A restaurant in an Atlantic City casino intended to honor Martin Luther King Jr. on his birthday by offering fried chicken, collard greens and macaroni and cheese, a casino official said Tuesday. Joe Lupo, senior vice president of the Borgata, told The Associated Press that The Metropolitan restaurant chose menu items that were among King's...

  • MEXICO CITY, Jan 17- China Telecommunications Corporation, the parent of China's third-largest carrier, is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that the subsidiary is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China...

  • China Telecom studying Mexico investment - spokesman Saturday, 17 Jan 2015 | 1:21 PM ET

    MEXICO CITY, Jan 17- China's third-largest carrier China Telecom is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that it is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China Telecom Corporation Ltd. did not comment directly on the...

  • OTTAWA, Jan 15- Canada has postponed a summit with the leaders of the United States and Mexico, officials said on Thursday, amid persistent tensions over the construction of TransCanada Corp's Keystone XL pipeline and other issues. "It's my understanding that... has been postponed from early this year to later in the year," White House spokesman Josh Earnest said in...

  • OTTAWA, Jan 15- Canada has quietly postponed a summit with the leaders of the United States and Mexico amid tensions over the construction of TransCanada Corp's Keystone XL pipeline and other issues, sources indicated on Thursday. If Obama did come to Canada he would no doubt face a raft of pointed questions about the proposed Keystone XL pipeline, which would...