Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.» Read More
DETROIT, Aug 27- General Motors Co is shifting some production of the Cadillac SRX from Mexico to Tennessee, but will partly offset that by moving some Chevrolet Equinox manufacturing from Tennessee to Mexico, an industry source told Reuters.
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.
WASHINGTON, Aug 26- The United States is set to slap import duties of up to 17.01 percent on the price of Mexican sugar after a preliminary decision on Tuesday, a source close to the case said.
COMMERCE DEPT SETS PRELIMINARY ANTI-SUBSIDY DUTIES ON MEXICAN SUGAR FROM TALA AT 2.99 PCT- SOURCE CLOSE TO CASE.
The Monterrey- based company will also dramatically ramp up its electricity generation over the next five years in the wake of a major energy sector overhaul, Raul Millares, Alfa's energy director, said in an interview. "Alfa sees very favorably our ability to develop business here in Mexico in the areas of oil and gas," Millares said.
MEXICO CITY, Aug 20- Mexico's Congress on Wednesday urged the government to cancel Grupo Mexico's concession to operate one of the world's biggest copper mines after a toxic spill there earlier this month.
Chief Executive Emilio Lozoya said in an interview late on Thursday that Pemex was very likely to start importing light crude from the United States in the next few months, to generate more value from the Mexico's six domestic refineries.
MEXICO CITY, Aug 14- Mexican state-owned oil company Pemex expects to lift output to 2.8 million barrels a day by 2018 and is likely to start importing light crude from the United States in the next few months to refine, Chief Executive Officer Emilio Lozoya said on Thursday.
MEXICO CITY, Aug 13- Mexico's energy ministry announced on Wednesday that the country expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic oil sector opening next year that will begin with a first round of contracts.
MEXICO CITY, Aug 13- Mexico's central bank trimmed its 2014 growth forecast on Wednesday, blaming a sluggish economy that bodes for steady borrowing costs well into next year. Mexico's economy is on track to post weaker than expected growth for the second year in a row.
MEXICO CITY, Aug 13- Mexico will assign oil and gas exploration and production contracts to foreign and private companies between next May and September under a major sector overhaul, prioritizing areas that boost output quickly and leaving trickier deep water for later, the country's energy regulator said on Wednesday.
MEXICO CITY, Aug 12- Mexico expects to double the amount of investment in oil and gas projects to $60 billion per year by 2018 as private companies rush into the previously state-run energy industry, a top finance ministry official said on Tuesday.
MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.
HOUSTON/ NEW YORK, Aug 5- Mexico has begun structuring its oil hedging program for next year, market sources said on Tuesday, citing one of the world's biggest sovereign hedging programs as weighing on crude prices. Some traders said a pick-up in options volatility was likely tied to anticipated hedging activity from Mexico.
DETROIT, Aug 5- Subaru of America said it is recalling about 5,000 older model cars with passenger-side air bag inflators made by Takata Corp that may rupture and break into metal fragments that could harm passengers, the automaker and U.S. safety regulators said on Tuesday.
SAO PAULO, Aug 4- Itaú BBA hired former Citigroup Inc banker Francisco Salas to head its investment banking unit in Mexico, as the Brazilian wholesale and investment bank seeks to expand financial advisory services in Latin America's second-largest economy.
Aug 1- South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.
*Q2 revenue falls 13 pct, but Brazil improves. The cosmetics maker said in June it would cut about 600 jobs, largely in its North America unit, and said it expected restructuring efforts to save about $50- $55 million a year.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss as small business customers spent more on advertising. Yelp shares fell as much as 3 percent in extended trading, before recovering most of the lost ground.