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  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • MEXICO CITY, Jan 14- Mexican builder and transport infrastructure firm OHL Mexico said on Wednesday it has agreed to sell 24.99 percent stakes in two of its subsidiaries to a fund controlled by Australia's IFM Investors for 8.78 billion pesos. OHL Mexico said it would sell stakes in Organizacion de Proyectos de Infraestructura and the recently created OPCEM,...

  • UPDATE 1-Carlos Slim becomes top NY Times shareholder Wednesday, 14 Jan 2015 | 6:11 PM ET

    Jan 14- Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent. New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.. New York Times intends to use cash proceeds of about $101.1 million to buy back...

  • Carlos Slim becomes NY Times largest shareholder Wednesday, 14 Jan 2015 | 5:19 PM ET

    Jan 14- New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. The New York Times Co is controlled by the Ochs-Sulzberger family through...

  • MEXICO CITY, Jan 14- China Railway Construction Corp looks poised to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding. Mexico on Wednesday revealed fresh preliminary bid terms for the tainted train...

  • Mexico will on Wednesday reveal the fresh bid terms for the tainted train project linking Mexico City with the wealthy, industrial city of Queretaro, which was meant to be one of Mexican President Enrique Pena Nieto's flagship infrastructure investments. Since taking office in 2012, Pena Nieto has courted Chinese money to wean Mexico off its dependency on...

  • Jan 12- While General Motors Co's Chevrolet on Monday pulled the wraps off a tiny, environmentally friendly electric car called the Bolt, rival Ford Motor Co was showing off a 400- plus-horsepower pickup truck better suited to burning rubber than hauling hay. The new F-150 Raptor has racing shock absorbers, a 10- speed transmission and the word FORD splayed...

  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • Which car won the title of Car of the Year? Monday, 12 Jan 2015 | 1:38 PM ET
    Volkswagen's Michael Horn, President and CEO of Volkswagen Group of America, holds the North American International Auto Show Car of the Year award given for their Golf model as he speaks next to a Golf at the North American International Auto Show in Detroit, January 12, 2015.

    Volkswagen's Golf snagged the North American Car of the Year, in a surprise win over Ford's completely redone Mustang. USA Today reports.

  • MEXICO CITY, Jan 8- Mexico's state oil company, Pemex, said on Thursday it has proposed an oil swap with the United States, potentially ushering in the first sustained crude imports by Mexico from its northern neighbor after years of self-sufficiency. Under the proposal, Mexico would in exchange provide the United States with heavier Mexican crude for...

  • MEXICO CITY, Jan 8- Mexico will probably have to raise interest rates this year, given the Federal Reserve's own expected hike in U.S. borrowing costs, central bank governor Agustin Carstens said on Thursday. In December, Mexico's central bank held rates steady at a record low 3 percent. "Facing the imminent increase in interest rates in the United States, there is a...

  • Immigrant rule to mean fewer—not more—farm workers Thursday, 8 Jan 2015 | 2:47 PM ET
    Mexican agricultural workers cultivate romaine lettuce on a farm in Holtville, Calif.

    President Obama's executive action on immigration may make it tougher for American farmers to fill labor needs.

  • MEXICO CITY, Jan 8- Plunging oil prices and an expected shift in U.S. monetary policy pose risks for Mexico's economy this year, Mexican central bank governor Agustin Carstens said on Thursday. Federal Reserve will hike interest rates this year have hammered Mexico's peso, which has fallen by more than 13 percent since June, threatening to push consumer prices...

  • *Poll details: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls. BRASILIA, Jan 7- Emerging market currencies will stay under pressure in 2015, a Reuters poll found, though they may not fall as much as last year as lower commodity prices and tighter monetary policy in the United States could be largely priced in already. "The dichotomy between the...

  • SYDNEY, Jan 6- Copper futures were mixed in early trading on Tuesday, with London contracts rebounding, while Shanghai metal came under pressure amid a policy shift by Beijing that could lift Chinese output. *The most-traded copper contract on the Shanghai Futures Exchange was down 1 percent to 44,810 yuan a tonne. *China has introduced a new export tax rebate for...

  • MEXICO CITY, Jan 5- Mexican miner Industrias Penoles said on Monday it had suspended operations at its Naica lead, zinc and silver mine after it flooded last week. The flooding on Jan. 1 caused no injuries, the company said in a statement to the bourse. The Naica mine, which is located in the northern state of Chihuahua, is Mexico's second-richest lead mine, according to...

  • MEXICO CITY, Jan 4- Mexico will publish preliminary terms on Jan. 14 for a $3.75 billion high-speed train contract that was abruptly canceled in November, Mexico's Transportation Ministry said on Sunday. Revelations that his wife was acquiring a home worth nearly $4 million from Grupo Higa, whose subsidiary was part of the consortium that initially won the...

  • *Hyundai-Kia sets global goal at 8.2 mln vehicles, up 2.5 pct. SEOUL, Jan 2- Hyundai Motor Co and affiliate Kia Motors Corp forecast sales this year to grow at the slowest pace since 2003, hampered by capacity constraints and a weaker yen that is likely to give Japanese rivals an edge in key markets. Hyundai and Kia, together the world's fifth largest automaker by...

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • 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.