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  • MEXICO CITY, April 1- At least four people died after a fire broke out on an oil platform in the Gulf of Mexico early on Wednesday, leading to the evacuation of 302 workers, Mexican state-run oil company Pemex said. Local emergency services said as many as 45 people were injured in the blaze, which erupted overnight on the Abkatun Permanente platform in the oil-rich...

  • MEXICO CITY, April 1- Mexican state-run oil company Pemex said at least four people died after a fire broke out on a production platform in the Gulf of Mexico early on Wednesday, sparking the evacuation of around 300 workers. Local emergency services said as many as 45 people were injured in the blaze, which erupted overnight on the Abkatun Permanente platform in...

  • MEXICO CITY, April 1- Mexican state-run oil company Pemex said at least four people died after a fire broke out on a production platform in the Gulf of Mexico early on Wednesday, sparking the evacuation of around 300 workers. Local emergency services said as many as 45 people were injured in the blaze, which erupted overnight on the Abkatun Permanente platform in...

  • First-quarter deal-making activity was more robust in Mexico than anywhere else in Latin America for only the second time in a decade. Thomson Reuters data shows the value of announced mergers and acquisitions in Mexico reached $8.64 billion, above Brazil's $8.51 billion. Illustrating how the tables have turned, $13.93 billion worth of M&A deals were...

  • MEXICO CITY, March 31- Mexico is trying to get Chinese state-run companies involved in the construction of a new $11 billion airport as it seeks to make up for a tainted rail tender that soured relations with Beijing, a source with knowledge of the government plan said. Mexico announced in September it would build the new Mexico City airport to relieve congestion...

  • WASHINGTON, March 27- Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan to the United Nations ahead of a climate summit in Paris in December. After 2026, Mexico greenhouse gas emissions would become decoupled from economic growth, leading to a 40 percent...

  • *Southern Copper CEO, Grupo Mexico say Tia Maria going ahead. *Southern Copper shares down 5.6 pct. LIMA, March 27- Conflicting statements about whether Southern Copper Corp would cancel development of its $1.4 billion Tia Maria copper mine in Peru's Arequipa region have battered the company's share price and left investors wondering about the project's...

  • WASHINGTON, March 27- Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the United Nations ahead of a key climate summit in Paris in December. The White House praised Mexico for being the first major emerging economy to submit its national strategy to the...

  • That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years. In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters said the bulk of the rise in the global gold hedge book last year was driven by Fresnillo and...

  • March 25- BlackRock Inc, the world's largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation. As Mexico has opened up to foreign capital in recent years, BlackRock's infrastructure investment group sees an opportunity and is setting up a team of specialists to work out of its Mexico City...

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • MEXICO CITY, March 23- General Motors Co will build its next-generation Chevrolet Cruze small car in Mexico, the company said on Monday. It is the first time the Cruze will be made in Mexico, according to a GM spokeswoman in Mexico, and production will be mainly for the domestic market. The Cruze is currently imported to Mexico from GM's plant in South Korea, she said.

  • TOKYO/ MEXICO CITY, March 22- Toyota Motor is finalising plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. Toyoda last year asked planners scouting for a site in Mexico to hit' pause' and review the rationale for the project, executives familiar...

  • Economic downturn pushes Brazilians into informal economy Thursday, 19 Mar 2015 | 11:12 AM ET

    BRASILIA, March 19- Mounting job losses are pushing more and more Brazilians into the informal economy as self-employed workers, leaving them vulnerable to what could be the country's worst recession in 25 years. Self-employed workers, most of them earning no more than about $450 a month, now represent 19.5 percent of employees in Brazil's main cities- the...

  • MEXICO CITY, March 18- Mexican Finance Minister Luis Videgaray said on Wednesday he does not expect the recent plunge in oil prices to be temporary and that Mexico's public finances will face major difficulties next year as a result. Mexico is a major oil exporter and the drop in crude prices has pushed its peso currency to record lows, leading it to slow the pace of...

  • In an interview, Vazquez Aldir acknowledged the threat posed to free-to-air TV by new technologies including Netflix, and said the company might at some point follow in the footsteps of Televisa, by looking to move into the more lucrative telecoms market. Vazquez Aldir said he had not spoken with Slim or any other telecom companies. Grupo Imagen expects to...

  • PUEBLA, Mexico, March 9- German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday. As of December, investment in the auto sector in Mexico totaled $19 billion under President Enrique Pena Nieto, who took...

  • PUEBLA, Mexico, March 9- German carmaker Volkswagen will invest around $1 billion to expand its plant in Mexico's Puebla to produce the new Tiguan compact, the company said on Monday. As of December, total investment in the auto sector in Mexico had reached $19 billion under President Enrique Pena Nieto, who took office two years earlier, the government says.

  • MEXICO CITY, March 6- Four workers at a Mexico mine owned by Goldcorp Inc. have gone missing and were possibly kidnapped, the state attorney general's office said in a statement on Friday. Goldcorp, the world's biggest gold producer by market value, owns the Los Filos mine in the violent southern Mexican state of Guerrero. Guerrero state has the highest homicide...

  • MEXICO CITY, March 6- Mexico's peso tumbled on Friday despite central bank intervention, hitting a six-year low as investors fled emerging markets and fixed-income investors bet that higher interest rates are in store on both sides of the border. "With the weak peso and the higher probability that Fed goes in June, that all means that we should think of a...