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  • Why investors shouldn't give up on Mexico Monday, 22 Dec 2014 | 1:49 PM ET
    Mexico's President Enrique Pena Nieto

    Mexico's image as an emerging-market star has taken a pounding in recent weeks but here's why investors shouldn't give up, says UBS's Jorge Mariscal.

  • Immigrants line up for Arizona driver's licenses Monday, 22 Dec 2014 | 3:04 AM ET

    PHOENIX— Young immigrants protected from deportation under an Obama administration policy began getting Arizona driver's licenses Monday for the first time. Arizona was one of the last states in the country where officials refused to issue driver's licenses to young immigrants who were brought to the U.S. illegally as children but allowed to remain under...

  • Rising anger as Nicaragua canal to break ground Sunday, 21 Dec 2014 | 9:31 AM ET

    RIO GRANDE, Nicaragua— As a conscripted soldier during the Contra War of the 1980 s, Esteban Ruiz used to flee from battles because he didn't want to have to kill anyone. Ruiz's property on the banks of Nicaragua's Rio Grande sits in the path of a $50 billion transoceanic waterway set to break ground on Monday. Whether or not landowners do actually take up arms,...

  • DETROIT, Dec 19- General Motors Co has developed contingency plans in case recalls of potentially lethal Takata- made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday. GM's plans include directing Takata to share with rivals TRW and Autoliv the No. 1 U.S. automaker's air bag specifications and data so...

  • MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...

  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • Questions and answers about traveling to Cuba Thursday, 18 Dec 2014 | 2:51 PM ET

    While the U.S. plans to restore diplomatic ties with the Caribbean island nation, globe-trotting tourists won't be able to hop on a plane to Havana anytime soon. Still, travel companies are salivating at the chance to set up shop in Cuba. Delta Air Lines, JetBlue Airways, Hilton Worldwide, Marriott International and the Carnival Corp. all expressed interest this...

  • Montana ex-billionaire jailed for contempt Thursday, 18 Dec 2014 | 9:49 AM ET

    BUTTE, Mont.— Embattled real estate mogul Tim Blixseth was taken away in handcuffs on Thursday after a federal judge ordered the onetime billionaire jailed until he accounts for millions of dollars he owes his creditors. The incarceration of the 64- year-old Blixseth marks a dramatic turn in his six-year legal struggle against accusations that he illegally...

  • Analysis: 53 years on, time right for US, Cuba Wednesday, 17 Dec 2014 | 2:21 PM ET

    MEXICO CITY— After 53 years of hostility between the United States and Cuba, the timing to make amends was perfect for both governments. The surprise moves come as President Barack Obama is turning his attention to legacy issues, and Raul Castro is trying to boost his nation's economic fortunes in the face of stalled reforms and falling oil prices that have hit...

  • Upgrades at US border crossing thrill commuters Wednesday, 17 Dec 2014 | 1:48 AM ET

    Waits to enter San Diego from Tijuana, Mexico, during the morning rush have dropped to less than 45 minutes from two hours since vehicle lanes were added in September. "I lost so much time that it made me cry," said Tijuana resident Alexandra Acua, driving a friend to the San Diego airport during a recent Monday morning rush. Shorter lines have fueled a 20 percent...

  • Chrysler renames itself as FCA US Tuesday, 16 Dec 2014 | 10:17 AM ET

    Dec 16- U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles NV. Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October. FCA US employs more than 77,000...

  • Restaurateur who moved Mexican food to masses dies Tuesday, 16 Dec 2014 | 1:26 AM ET

    LOS ANGELES— Larry J. Cano once said it was not his love of food so much as it was the way he was treated in a Mexican restaurant during a visit to his father's homeland that led him to help popularize Mexican food in the United States. He had been managing a Polynesian restaurant in Los Angeles in 1954 when the owner died and his widow asked Cano if he wanted to take the...

  • New Malick movie to debut at Berlin film festival Monday, 15 Dec 2014 | 9:46 AM ET

    BERLIN— New films from Terrence Malick and Peter Greenaway are among the first movies chosen to screen at the Berlin International Film Festival in February. Festival organizers said Monday that Malick's "Knight of Cups," starring Christian Bale, Cate Blanchett and Natalie Portman, will have its world premiere in the event's competition.

  • TOKYO, Dec 14- Takata Corp. has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air bags have caused five deaths and a recall of more than 20 million vehicles...

  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...

  • Mexico treasury chief bought house from contractor Friday, 12 Dec 2014 | 12:22 PM ET

    Finance Minister Luis Videgaray said Friday that the bought the house from a subsidiary of Grupo Higa in October 2012, more than a month before he took office. Grupo Higa has won contracts during Pena Nieto's time as president and previously when he served as governor of Mexico state. The transaction occurred in the window between his 2005-2011 term as Pena...

  • 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 opens bidding for outsider oil exploration Thursday, 11 Dec 2014 | 3:59 PM ET

    MEXICO CITY— The government announced on Thursday the start of bidding for oil exploration rights in 14 areas of the Gulf of Mexico being opened to domestic and international companies as Mexico ends a seven-decade state monopoly on the petroleum business. Mexico nationalized its oil industry in 1938. Prior to this year's reforms, the state company...