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  • MEXICO CITY, Nov 20- The leaders of Mexico's fourth largest bank Banorte resigned on Wednesday after a power struggle, and the board named a new chairman who analysts believe could push through a merger with a smaller Mexican bank. Grupo Financiero Banorte said on Thursday that its chairman and chief executive had resigned. "The changes determined by the board...

  • DETROIT, Nov 19- Takata plans to shift production of BMW air bag inflators from Mexico to Germany, the automaker said on Wednesday in a filing with U.S. safety regulators who have been probing questions about the quality of manufacturing at the plant. Automakers that use the Takata inflators, including Toyota Motor Corp, warned that it was not feasible to switch to...

  • The big, immediate threat for a foreign oil giant Wednesday, 19 Nov 2014 | 2:15 PM ET
    A tugboat (R) approaches a Petrobras oil platform in Guanabara Bay, offshore from Niteroi, Brazil.

    Brazilian Petrobras shares stabilized for the first time in months, after falling 45% since late August. Is it time for investors to jump in or out?

  • Mexican First Lady defends reputation  Wednesday, 19 Nov 2014 | 1:15 PM ET

    CNBC's Michelle Caruso-Cabrera reports on Mexico First Lady Angelica Rivera's comments regarding the Mexican mansion scandal.

  • Mexico's First Lady to sell controversial mansion  Wednesday, 19 Nov 2014 | 7:53 AM ET

    CNBC's Michelle Caruso-Cabrera has the latest details on the Mexican mansion scandal.

  • Mystery Mexican mansion  Monday, 17 Nov 2014 | 1:27 PM ET

    CNBC's Michelle Caruso-Cabrera shares an update on the scandal involving Mexico's First Lady and her homes.

  • UPDATE 1-Mexico finmin sees economic impact from unrest Thursday, 13 Nov 2014 | 5:15 PM ET

    MEXICO CITY, Nov 13- Mexican Finance Minister Luis Videgaray on Thursday said that there would likely be some impact on Latin America's No. 2 economy from protests over the apparent massacre of 43 students abducted by police seven weeks ago. Anger has deepened since the government said last week that evidence suggests the 43 trainee teachers missing since Sept....

  • MEXICO CITY, Nov 13- Mexico's Energy Minister Pedro Joaquin Coldwell and Saudi Arabian Oil Minister Ali al-Naimi have held talks in which both agreed that all efforts should be made to stabilize international oil markets, Mexico's government said on Thursday. Mexico's energy ministry issued a brief statement summing up the participation of the officials at...

  • ACAPULCO, Nov 12- Saudi Arabia, the world's top oil exporter, will double its natural gas output by 2030 but plans to keep all of it at home to fuel domestic growth, the country's oil minister said on Wednesday. "Within the next decade, Saudi Arabia will more than double its gas production," the country's oil minister Ali al-Naimi told a gathering of energy ministers and...

  • Mansion-gate: Mexican leader hit by house scandal Wednesday, 12 Nov 2014 | 3:42 PM ET
    Mexico's President Enrique Pena Nieto

    A scandal is engulfing Mexico's president, but it's not likely to disrupt energy auctions scheduled for next year.

  • Scandal engulfs Mexican president  Wednesday, 12 Nov 2014 | 1:16 PM ET

    There are a lot of questions surfacing about a multi-million dollar mansion and its ties to Mexico's president and a construction company that won the contract to build Mexico's first high-speed train. CNBC's Michelle Caruso-Cabrera reports the latest details.

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence on Wednesday to reaffirm the kingdom's longstanding policy of seeking stable global markets, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no...

  • TOKYO/ DETROIT, Nov 12- Takata Corp has modified the composition of an air bag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters. A Takata official, who did not want to be named but spoke on behalf of the company, did not specify how the recipe has changed, but said ammonium nitrate remained a...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia Oil Minister Ali al-Naimi broke months of silence to reaffirm the kingdom's longstanding policy of seeking stable global markets on Wednesday, dismissing talk of a "price war" but offering no insight on his response to tumbling crude prices. He made no mention of position ahead of a pivotal meeting of the Organization of the...

  • ACAPULCO, Mexico, Nov 12- Saudi Arabia wants stable oil markets and prices and talk of an oil price war is a sign of misunderstanding and has no basis in reality, Saudi Oil Minister Ali al-Naimi said during a visit to Mexico on Wednesday. Naimi said that Saudi oil policy has been stable for decades and is not changing today, and that Saudi Arabia was doing its best with...

  • ACAPULCO- SAUDI OIL MIN NAIMI SAYS STEADY PRICES GOOD FOR CONSUMERS AND INVESTORS, HELPS LONG TERM ECONOMIC GROWTH.

  • ACAPULCO- SAUDI OIL MIN NAIMI SAYS WANTS STABLE OIL MARKETS AND STEADY PRICES.

  • ACAPULCO- SAUDI OIL MIN NAIMI SAYS SAUDI MARKETING PROCEDURES TAKE INTO ACCOUNT HOST OF SCIENTIFIC, PRACTICAL FACTORS, INCLUDING STATE OF MARKET.

  • ACAPULCO- SAUDI OIL MIN NAIMI SAYS PRICES OIL ACCORDING TO SOUND MARKETING PROCEDURES, NO MORE, NO LESS.

  • ACAPULCO- SAUDI OIL MIN NAIMI SAYS MARKETS SET OIL PRICES, NOT SAUDI ARABIA.