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  • 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...

  • Southwest plans to begin flights to Belize Thursday, 11 Dec 2014 | 3:10 PM ET

    DALLAS— Southwest Airlines expects to begin flights to Belize City next year as it expands international service. Southwest said that it also plans to fly to four destinations in Mexico— Mexico City, Cancun, Puerto Vallarta and Los Cabos— and to San Jose, Costa Rica, from a new international concourse being built at Houston's Hobby Airport. Southwest has taken over...

  • 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...

  • Mexico vows to sell dollars to halt peso's slide Tuesday, 9 Dec 2014 | 3:17 PM ET

    MEXICO CITY— Mexico is ready to intervene in currency markets to fight the peso's fall against the dollar amid concerns over dropping oil prices and a possible increase in U.S. interest rates. Experts attribute the instability to fears that investment in Mexico could slide in coming years in the face of lower oil prices and the possible flight of dollars away...

  • Lima climate talks set for record carbon footprint Tuesday, 9 Dec 2014 | 12:16 PM ET

    LIMA, Peru— The current U.N. climate talks will be the first to neutralize all the greenhouse gas pollution they generate, offset by host country Peru's protection of forest reserves, organizers say. Now the bad news: The Lima conference is expected to have the biggest carbon footprint of any U.N. climate meeting measured to date. Eleven football fields of...

  • 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...