China—a low-cost maker of goods—is falling behind in the manufacturing race as wages and energy costs soar.» Read More
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— Mexico launched a special 5,000- strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions. In some cases, like the western state of Michoacan, the cartels and gangs cut down trade so much that "even the barbershops weren't serving customers.
Raised in California from the age of 5, he was deported to Mexico in 2011 and found himself in a land he barely knew. But the 34- year-old Tijuana native feels right at home as soon as gets to work at Call Center Services International, where workers are greeted in English.
Environmental authorities have ordered a full inspection of Grupo Mexico's Buenavista copper mine near the U.S. border and threatened possible fines of up to $3 million.
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.
HELENA, Mont.— The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings.
MEXICO CITY— Mexico's top environmental official said Tuesday that a mining company lied about a spill of millions of gallons of acids and heavy metals that contaminated two rivers and a dam downstream. "At the start, they told us it was excessive rain" that caused the containment pond to overflow, Guerra Abud said.
MEXICO CITY— Mexico says it expects to put out for bid $4.9 billion in electrical generation and natural gas pipeline projects as part of the opening of the nation's state-run energy sector. Mexico has high electricity rates, which officials say limits the growth of some businesses.
MEXICO CITY— Environmental authorities filed a criminal complaint Monday against a copper mine that spilled 10 million gallons of acids into two rivers that supply water to tens of thousands of people in northern Mexico.
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— Mexican environmental authorities have levied a $555,000 fine against a project to build a massive trade center south of Cancun to showcase Chinese products. It was unclear whether work on the project just south of Cancun could be closed, because the case is still before the courts.
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— Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves under the newly enacted opening of the energy business, although the company will form alliances with private firms in some of those fields, the government announced Wednesday.
MEXICO CITY— Mexico's central bank says the country's international tourism grew 19.6 percent in the first six months of 2014, compared to the same period last year. The Bank of Mexico says in a statement Tuesday that 14.2 million foreigners visited Mexico between January and June and spent $8.4 billion.
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— A civil defense official says a private mine in northern Mexico did not immediately report a massive acid spill, allowing it to flow into a river that supplies water to tens of thousands of people.
The Associated Press reviewed all 15 petitions filed by drivers with the National Highway Traffic Safety Administration since 2010 and found the agency missed the legal deadline to grant or deny the requests 12 times.