Central America
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Will Landers, BlackRock, explains why he believes investment prospects remain positive south of the border.
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May 11- Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday.
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Included are 2006- to 2010- model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees, of which about 295,000 are in the United States, 28,500 are in Canada and 4,200 are in Mexico.
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TOKYO, May 11- Sharp Corp, Japan's leading maker of liquid crystal displays, will rely on expanding supplies of small panels to Samsung Electronics Co while still shipping screens to rival Apple Inc, in a bid to raise factory output levels and remain viable, three sources said.
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CHICAGO-- Fitch Ratings on Friday cut Sherwin-Williams Co.' s ratings to "A-" from "A," citing the additional debt and risk related to its pending acquisition of a Mexican paint company. Fitch originally placed Sherwin-Williams' ratings under review in November after it announced plans to buy Consorcio Comex SA de CV in a deal worth about $2.34 billion, including debt.
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*Arabica dealers eye concerns over cold weather in Brazil. Cocoa on ICE Futures U.S. fell for the fifth straight day after falling below the 100- day moving average, while raw sugar trading was steady, with upside capped by harvesting in top grower Brazil.
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BRASILIA, May 10- Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission- pushing forward in global trade talks- looks for the moment like a lost cause.
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MEXICO CITY, May 10- Mexican industrial output dropped by the most in more than three years in March and central bankers pointed to downside risks to economic growth, backing bets on another interest rate cut.
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*Arabica dealers eye concerns over cold weather in Brazil. LONDON, May 10- Arabica coffee futures on ICE weakened on Friday after reaching three-month highs in the prior session, while raw sugar was steady, with upside capped by harvesting in top grower Brazil.
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*Biggest dip since October 2009; manufacturing down 5.8 pct. MEXICO CITY, May 10- Mexican industrial output dropped the most in over three years in March compared to a year earlier, pulled down by a strong contraction in manufacturing as Easter holidays cut into production, the national statistics agency said on Friday.
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*Lowest since October 2009; manufacturing down 5.8 pct. The annual figure came in below February's revised 1 percent contraction, originally reported as a 1.2 percent contraction, notching the biggest deceleration since October 2009. The figures followed on the heels of an easing in manufacturing growth in United States, Mexico's chief trading partner.
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MEXICO CITY-- The arrogant among Mexico's well-heeled got a sharp rebuke Thursday, when two women who crashed in a Porsche and injured a pedestrian were hauled off to jail while threatening police and proclaiming their political connections after what authorities said appeared to be an all-night drinking spree.
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AUSTIN, Texas-- A brother of two top leaders for one of the most powerful drug cartels in Mexico was convicted Thursday of buying racehorses to hide illegal drug profits. A federal jury that deliberated for about nine hours over two days found Jose Trevino Morales, 46, guilty of conspiracy to commit money laundering.
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NEW YORK/ BOSTON, May 9- In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.
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WASHINGTON, May 9- In the first legislative test for the U.S. Senate's bipartisan immigration bill, the Judiciary Committee defeated repeated efforts by Republicans on Thursday to significantly delay legalization for 11 million undocumented immigrants, a central focus of the bill.
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WASHINGTON, May 9- In the first legislative test for the U.S. Senate's bipartisan immigration bill, the Judiciary Committee rejected a Republican attempt to significantly delay the legalization process for 11 million undocumented immigrants, a central focus of the bill.
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MEXICO CITY, May 9- Mexico's annual inflation accelerated further past the central bank's ceiling in April but policymakers are unlikely to raise interest rates as they see the inflationary spike as temporary.
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AUSTIN, Texas-- Prosecutors told a federal jury on Wednesday that a man they say is the brother of leaders of Mexico's most blood-soaked criminal organization used the proceeds from their brothers' ill-gotten gains to bankroll his horse-racing stable.
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*Gas link with cheap U.S. is shattered as Mexico imports LNG. LONDON/ MEXICO CITY, May 9- Mexico is stepping up imports of liquefied natural gas as rising demand, falling domestic output and pipeline bottlenecks for cheap U.S. imports force it to pay at least four times more for added supplies.
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NEW YORK-- Shares of McKesson Corp. climbed Wednesday after the prescription drug distributor offered a solid outlook for the new year and said it is streamlining its business. THE SPARK: McKesson said Tuesday that it agreed to sell its 49 percent stake in Nadro SA, a drug distribution company in Mexico.
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MEXICO CITY, May 8- Mexico's overhaul of banking laws removes the single biggest obstacle for small and medium businesses to obtain loans by making it easier for banks to seize assets put up as collateral, Finance Minister Luis Videgaray said.