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  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • MEXICO CITY, Jan 8- Mexico's state oil company, Pemex, said on Thursday it has proposed an oil swap with the United States, potentially ushering in the first sustained crude imports by Mexico from its northern neighbor after years of self-sufficiency. Under the proposal, Mexico would in exchange provide the United States with heavier Mexican crude for...

  • MEXICO CITY, Jan 8- Mexico will probably have to raise interest rates this year, given the Federal Reserve's own expected hike in U.S. borrowing costs, central bank governor Agustin Carstens said on Thursday. In December, Mexico's central bank held rates steady at a record low 3 percent. "Facing the imminent increase in interest rates in the United States, there is a...

  • MEXICO CITY, Jan 8- Plunging oil prices and an expected shift in U.S. monetary policy pose risks for Mexico's economy this year, Mexican central bank governor Agustin Carstens said on Thursday. Federal Reserve will hike interest rates this year have hammered Mexico's peso, which has fallen by more than 13 percent since June, threatening to push consumer prices...

  • *Poll details: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls. BRASILIA, Jan 7- Emerging market currencies will stay under pressure in 2015, a Reuters poll found, though they may not fall as much as last year as lower commodity prices and tighter monetary policy in the United States could be largely priced in already. "The dichotomy between the...

  • SYDNEY, Jan 6- Copper futures were mixed in early trading on Tuesday, with London contracts rebounding, while Shanghai metal came under pressure amid a policy shift by Beijing that could lift Chinese output. *The most-traded copper contract on the Shanghai Futures Exchange was down 1 percent to 44,810 yuan a tonne. *China has introduced a new export tax rebate for...

  • MEXICO CITY, Jan 5- Mexican miner Industrias Penoles said on Monday it had suspended operations at its Naica lead, zinc and silver mine after it flooded last week. The flooding on Jan. 1 caused no injuries, the company said in a statement to the bourse. The Naica mine, which is located in the northern state of Chihuahua, is Mexico's second-richest lead mine, according to...

  • MEXICO CITY, Jan 4- Mexico will publish preliminary terms on Jan. 14 for a $3.75 billion high-speed train contract that was abruptly canceled in November, Mexico's Transportation Ministry said on Sunday. Revelations that his wife was acquiring a home worth nearly $4 million from Grupo Higa, whose subsidiary was part of the consortium that initially won the...

  • *Hyundai-Kia sets global goal at 8.2 mln vehicles, up 2.5 pct. SEOUL, Jan 2- Hyundai Motor Co and affiliate Kia Motors Corp forecast sales this year to grow at the slowest pace since 2003, hampered by capacity constraints and a weaker yen that is likely to give Japanese rivals an edge in key markets. Hyundai and Kia, together the world's fifth largest automaker by...

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • Doubts deepen over Chinese-backed Nicaragua canal Friday, 26 Dec 2014 | 10:45 PM ET
    Thousands of demonstrators march against the 173-mile Interoceanic Grand Canal that they say will negatively impact the environment, communities and Nicaraguan sovereignty, in Managua, Nicaragua December 10, 2014.

    Skepticism is growing over a $50 billion project to build a canal across Nicaragua, a project spearheaded by a little-known Chinese businessman.

  • A year and a half after the $50 billion project to build a canal across Nicaragua was launched by President Daniel Ortega, a former Marxist guerrilla, the doubts have only grown. So far the company, the HK Nicaragua Canal Development Investment Co Ltd, or HKND Group, of telecoms entrepreneur Wang Jing, has identified only $200 million in funding.

  • Nicaragua canal developer HKND plans IPO -CEO Tuesday, 23 Dec 2014 | 12:11 PM ET

    MANAGUA, Dec 23- The Hong Kong- based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering. Wang Jing, Chairman and Chief Executive of the HK Nicaragua Canal Development Investment Co Ltd, told reporters in Managua that he hoped the listing would take place in the stock...

  • DETROIT, Dec 19- General Motors Co has developed contingency plans in case recalls of potentially lethal Takata- made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday. GM's plans include directing Takata to share with rivals TRW and Autoliv the No. 1 U.S. automaker's air bag specifications and data so...

  • MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...

  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • Chrysler renames itself as FCA US Tuesday, 16 Dec 2014 | 10:17 AM ET

    Dec 16- U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles NV. Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October. FCA US employs more than 77,000...

  • TOKYO, Dec 14- Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air bags have caused five deaths and a recall of more than 20 million vehicles...

  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...

  • Dec 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast as it expects a weak rouble to hit sales in Russia, sending its shares down as much as 17 percent to a record low. It has manufacturing plants in the United States, Canada, Mexico and Europe. BRP, spun off from Bombardier Inc in 2003, cut its full-year...