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  • 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...

  • MEXICO CITY, Dec 11- Mexico's finance minister bought a home from a government contractor who is at the center of a conflict-of-interest scandal embroiling President Enrique Pena Nieto and his administration, the Wall Street Journal reported on Thursday. Property records show that the minister, Luis Videgaray, bought the house at an exclusive golf resort...

  • MEXICO CITY, Dec 11- Mexico's finance minister bought a home from a government contractor who is at the center of a conflict-of-interest scandal embroiling President Enrique Pena Nieto and his administration, the Wall Street Journal reported on Thursday. Property records show that the minister, Luis Videgaray, bought the house at an exclusive golf resort...

  • MEXICO CITY, Dec 11- General Motors will invest $5 billion in Mexico to double its production capacity at its plants around the country, Mexican Economy Minister Ildefonso Guajardo said on Thursday. The investment would be made through 2018, said Ernesto Hernandez, president and managing director for General Motors in Mexico. The investment will be directed...

  • TOKYO, Dec 11- Three Japanese automakers will recall more than half a million cars globally to replace air bag inflators made by Takata Corp, bringing the total tally of Takata- related recalls across all brands to around 20 million since 2008.. The recalls announced on Thursday by Honda Motor, Nissan Motor and Mitsubishi Motors correspond with a similar,...

  • BOGOTA, Dec 10- Bidding to build a long-awaited $6.9 billion subway system in Bogota, Colombia's capital city, will open in the second half of 2015, the mayor said on Wednesday, adding that the project has garnered interest from foreign companies. Now the city has plans to open a first 32 km line serving 27 stations by 2020, mayor Gustavo Petro- considered the...

  • VERACRUZ, Mexico, Dec 8- Mexican economic growth is likely to come in weaker than had been forecast for both this year and next after third-quarter gross domestic product missed expectations, the head of the Organisation for Economic Co-operation and Development said on Monday. Last month, Mexico's Finance Ministry downwardly revised its own 2014 growth...

  • VERACRUZ, Mexico, Dec 8- Peru's economy will likely grow less than the 5.5 percent forecast for 2015, but it still will expand by more than 5 percent, the country's finance minister, Alonso Segura, said on Monday. It could be less, but it should be above 5 percent, "Segura told Reuters on the sidelines of a conference in the Mexican city of Veracruz. Peru's economy grew...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • TOKYO, Dec 4- Toyota Motor Corp said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp, the latest in a long line of recalls for the embattled auto parts supplier. The move follows an unusual deployment of a Takata- made air bag inflator in a 2003- model Toyota Will Cypha subcompact at a...

  • Takata taps former US transport chiefs amid crisis Tuesday, 2 Dec 2014 | 7:18 PM ET
    A man arranges airbag cushions at a plant for Japanese car parts maker Takata Corp.

    Takata Corp, the Japanese air bag supplier at the center of a growing auto safety crisis, said on Tuesday that it is forming an independent quality panel.

  • DETROIT, Dec 2- Takata Corp, the Japanese air bag supplier at the center of a growing auto safety crisis, said on Tuesday that it is forming an independent quality panel headed by former White House chief of staff and U.S. Takata also appointed two other former U.S. transportation secretaries, Rodney Slater and Norman Mineta, to serve as special counsels as the...

  • *Takata faces Tuesday deadline for complying. *No decision yet on expanded recall- Takata. TOKYO, Dec 2- Takata Corp is preparing to comply with a U.S. order to expand a region-specific recall nationwide, the Nikkei said on Tuesday, a move that's likely to add millions more to the tally of cars called back to replace potentially deadly air bags.

  • SHANGHAI/ MEXICO CITY, Dec 1- China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly cancelled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said. Mexico revoked the contract awarded to the consortium made up of China Railway Construction...

  • TOKYO, Nov 28- Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions. Several automakers in the U.S. have issued regional recalls of certain models to investigate what is causing some Takata air bags to...

  • MEXICO CITY, Nov 21- Mexico's finance ministry. The weak data is the latest blow to President Enrique Pena Nieto, who faces rising protests over the apparent massacre of 43 trainee teachers as well as a conflict-of-interest scandal over a lucrative rail contract. Latin America's No. 2 economy has struggled to recover after shrinking last year in the second...

  • MEXICO CITY, Nov 21- Mexico's economy grew unexpectedly slowly in the third quarter due to weakness in domestic demand and uneven industrial output which have dragged on a recovery that is now also threatened by rising social unrest. The weak data is the latest blow to President Enrique Pena Nieto, who faces rising protests over the apparent massacre of 43...

  • MEXICO CITY, Nov 20- The leaders of Mexico's fourth largest bank Banorte resigned on Wednesday after a power struggle, and the board named a new chairman who analysts believe could push through a merger with a smaller Mexican bank. Grupo Financiero Banorte said on Thursday that its chairman and chief executive had resigned. "The changes determined by the board...

  • DETROIT, Nov 19- Takata plans to shift production of BMW air bag inflators from Mexico to Germany, the automaker said on Wednesday in a filing with U.S. safety regulators who have been probing questions about the quality of manufacturing at the plant. Automakers that use the Takata inflators, including Toyota Motor Corp, warned that it was not feasible to switch to...