David Riedel, President & Founder of the Riedel Research Group, describes the opportunities available in Mexican and Southeast Asian markets.» Read More
Prices at the pump head below $3 in much of US. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. The gap is 20 cents or more in seven states, including California, Kansas, South Dakota and Connecticut, according to AAA.
CIUDAD MIER, Mexico— Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. So far this year, thieves across Mexico have drilled 2,481 illegal taps into state-owned pipelines, up more than one-third from the same period of 2013. Pemex estimates it's lost some 7.5 million barrels worth $1.15 billion.
MEXICO CITY/ RIO DE JANEIRO, Sept 23- Mexico is emerging as the preferred choice for investors in Latin American steel making as a landmark energy reform and exposure to a U.S. recovery help outshine regional rival Brazil, where the gloom of recession has taken hold.
TUCSON, Ariz.— Authorities are testing water from the San Pedro River in southern Arizona that may be contaminated with toxic waste that traveled north after a massive copper mine spill in Mexico this summer.
CANANEA, Mexico— Authorities in northern Mexico have issued a new alert of a toxic spill in the Sonora River basin from a copper mine operated by Grupo Mexico, the state director of civil protection said Sunday.
MEXICO CITY, Sept 19- One of Mexico's richest men has resigned from broadcaster Televisa's board over a potential conflict of interest because he wants to acquire his own television network, the company said on Friday.
TORONTO, Sept 19- Canadian precious metals miner Primero Mining Corp said on Friday an employee of one of its contractors was killed in an isolated underground accident at its flagship San Dimas mine in Mexico on Thursday night.
Sept 16- FedEx Corp, the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. 5, 2015. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said.
*Japan production capacity at 28- year low. TOKYO, Sept 17- Mazda Motor Corp has returned to profit as the falling yen has rewarded the carmaker's export-heavy strategy. "Companies are not that interested in expanding capacity in Japan," said Kaori Yamato, senior economist at Mizuho Research Institute.
MEXICO CITY, Sept 16- Tropical storm Polo could become a hurricane off Mexico's Pacific Coast on Thursday the U.S. National Hurricane Center said on Tuesday. On Tuesday morning Polo was about 275 miles south of Mexico's famous beach resort of Acapulco and moving in a northwest direction at 12 miles per hour, the NHC said.
BEIJING/ NAGOYA, Japan, Sept 16- Toyota Motor Corp is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said.
America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera
With wind speeds reaching 125 miles per hour, Hurricane Odile on Monday hit upscale resort city Cabo San Lucas in Mexico. The Category 3 storm forced authorities to evacuate coastal areas and prepare shelters for 30,000 people.
MEXICO CITY, Sept 12- Mexican President Enrique Peña Nieto said on Friday limits on companies making dollar deposits in cash would be scrapped in a bid to spur trade in the border region near the United States.
Many shale-rich countries face a dilemma, says a new report. It might mean a choice between fracking for energy or having enough water to drink.
*Fresnillo says it may hedge some gold output. BANGALORE/ LONDON Sept 12- Silver miner Fresnillo Plc has agreed buy Newmont Mining Corp's 44 percent stake in Penmont, their Mexican gold mining joint venture for $450 million in cash.
MEXICO CITY, Sept 11- Mexico's government will present a bill to stop using the minimum wage to calculate fines, levies and contributions Finance Minister Luis Videgaray said on Thursday, paving the way for a possible increase in base pay levels.
MEXICO CITY, Sept 9- Mexican construction companies, including Grupo Ica and billionaire Carlos Slim's Grupo Carso, have formed a consortium to bid on contracts to build a new airport for Mexico City, construction industry group CMIC said on Tuesday.
Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.
MEXICO CITY, Sept 4- Mexico is likely to pick an experienced, foreign construction company, working in partnership with local firms, to build a new $9 billion international airport in Mexico City, Telecoms and Transport Minister Gerardo Ruiz Esparza said on Thursday.