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  • 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, 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...

  • 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...

  • 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.

  • 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...

  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • MEXICO CITY, Jan 14- Mexican builder and transport infrastructure firm OHL Mexico said on Wednesday it has agreed to sell 24.99 percent stakes in two of its subsidiaries to a fund controlled by Australia's IFM Investors for 8.78 billion pesos. OHL Mexico said it would sell stakes in Organizacion de Proyectos de Infraestructura and the recently created OPCEM,...

  • UPDATE 1-Carlos Slim becomes top NY Times shareholder Wednesday, 14 Jan 2015 | 6:11 PM ET

    Jan 14- Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent. New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.. New York Times intends to use cash proceeds of about $101.1 million to buy back...

  • Carlos Slim becomes NY Times largest shareholder Wednesday, 14 Jan 2015 | 5:19 PM ET

    Jan 14- New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. The New York Times Co is controlled by the Ochs-Sulzberger family through...

  • MEXICO CITY, Jan 14- China Railway Construction Corp looks poised to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding. Mexico on Wednesday revealed fresh preliminary bid terms for the tainted train...

  • Mexico will on Wednesday reveal the fresh bid terms for the tainted train project linking Mexico City with the wealthy, industrial city of Queretaro, which was meant to be one of Mexican President Enrique Pena Nieto's flagship infrastructure investments. Since taking office in 2012, Pena Nieto has courted Chinese money to wean Mexico off its dependency on...

  • Jan 12- While General Motors Co's Chevrolet on Monday pulled the wraps off a tiny, environmentally friendly electric car called the Bolt, rival Ford Motor Co was showing off a 400- plus-horsepower pickup truck better suited to burning rubber than hauling hay. The new F-150 Raptor has racing shock absorbers, a 10- speed transmission and the word FORD splayed...

  • 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...