Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.» Read More
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.
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 it won more small businesses customers. Yelp, which listed almost three years ago, competes with internet search engines from Google Inc, Yahoo Inc and Microsoft Corp's Bing.
LIMA, July 29- Southern Copper Corp's net income fell 9.5 percent in the second quarter from the same period a year earlier because of rising costs, the global miner said in a statement on Tuesday.
LIMA, July 29- Southern Copper Corp's net income fell 9.5 percent to $337.3 million in the second quarter from the same period a year earlier on rising costs, the global miner said in a statement on Tuesday.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for increased U.S. imports at a time of a supply shortage.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would relax restrictions on pork imports from certain areas of Mexico, potentially allowing for larger U.S. imports.
WASHINGTON, July 29- The U.S. Department of Agriculture has proposed a change in regulations that would allow pork to be imported from certain areas of Mexico that have been defined as having a low risk of classical swine fever.
NEW YORK, July 25- A former middle manager at Citigroup's Banamex unit in Mexico denied he was involved in abetting a corporate loan fraud involving oil pipeline maintenance company Oceanografia.
MEXICO CITY, July 25- State-owned Mexican oil company Pemex reported a wider second-quarter loss on Friday and said average crude oil output this year will fall to its lowest level in more than two decades.