CNBC's Michelle Caruso-Cabrera takes a look at why deep-water drilling may provide Mexico with the greatest energy opportunities.» Read More
MEXICO CITY/ PARIS, Oct 21- Mexican budget airline VivaAerobus has ordered 52 Airbus A320-family jets from Airbus, the European planemaker said on Monday, in a record-breaking deal worth $5.1 billion. The order includes 40 A320neo jets, said Rafael Alonso, Airbus executive vice president for Latin America and the Caribbean.
MEXICO CITY, Oct 21- Mexican budget airline VivaAerobus has ordered 52 Airbus A320-family jets from Airbus, an official at the European planemaker said on Monday, in a deal worth $5.1 billion. The order includes 40 A320neo jets, said Rafael Alonso, Airbus Executive Vice President for Latin America and the Caribbean.
Of the order, 40 are for the A320neo model, Rafael Alonso, Airbus Executive Vice President for Latin America and the Caribbean, told reporters in Mexico City. Airbus said VivaAerobus, which has previously used Boeing aircraft, had also ordered 12 A320ceo, with a combined list price of $1.1 billion.
Nissan Motor Co Existing Plants: Aguascalientes, Cuernavaca New Plants: Aguascalientes No.2 New Investment: $2 billion Future Products: Nissan Sentra, Infiniti Q30 Annual Capacity by 2020: 1,100,000. Volkswagen AG Existing Plant: Puebla New Plants: Silao, San Jose Chiapa New Investment: $1.85 billion Future Products: Audi Q5, Q6 Annual Capacity by 2020: 850,000.
DETROIT, Oct 20- The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation's rising economic challenge to rivals from the United States to China.
PARIS, Oct 17- A picture spoke volumes about the United States' loss of global prestige and influence due to the shutdown of its government in a partisan standoff over the federal budget and debt. For an administration that has focused its foreign policy on a "pivot" to Asia, the world's most economically vibrant region, this may be more than a momentary setback.
*Multinationals from China performed badly, India on top. BERLIN, Oct 17- The anti-corruption watchdog Transparency International has admonished Chinese companies for their opaque business practices while praising Indian firms' relatively high standards, in a survey of emerging market multinationals released on Thursday.
*Multinationals from China performed badly, India on top. *India's Tata Communications got top marks overall.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, on Wednesday said it would not go ahead with a plan to boost its stake in KPN, and has not yet decided whether to keep its current position in the Dutch telecom company.
MEXICO CITY, Oct 16- America Movil, the phone company controlled by billionaire Carlos Slim, said it would not go ahead with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid. America Movil had accumulated nearly 30 percent of KPN's stock and it was not clear what would happen with that.
TLAXCALA, Mexico, Oct 16- Mexican assembly plants have put expansion plans on ice pending a tax overhaul that threatens their perks, but low wages and proximity to the United States should deter any mass exodus to manufacturing rivals like China.
MEXICO CITY, Oct 16- Mexico dairy producer Lala's stock soared in its market debut on Wednesday, jumping more than 10 percent before easing in the latest in a record number of public offerings on the local market.
MEXICO CITY, Oct 15- Fiscal policy and politics risk undermining the efforts of central bankers to revive the global economy, top central bank officials warned on Tuesday, as a potentially devastating debt default loomed in the United States. While there was progress in talks, a deal was still far off, the White House said.
MEXICO CITY, Oct 15- Fiscal policy and politics risk undermining central bankers' efforts to revive the global economy, top central bank officials warned on Tuesday, as a potentially devastating debt default loomed in the United States. While there was progress in talks, a deal was still far off, the White House said.
MEXICO CITY, Oct 15- Unconventional monetary policy poses a small risk to central bank independence but a far larger threat comes from fiscal authorities if they insist on policies that harm the economy, a senior U.S.
DAEGU, South Korea, Oct 15- Mexico is producing 2.55 million barrels per day of crude oil and output is expected to rise further by the end of this year, state-run oil monopoly Pemex said on Tuesday. "Mexico has reversed the decline and now we are trending up in terms of production," Director General of Pemex Emilio Lozoya told Reuters in an interview.
WASHINGTON, Oct 14- Federal Reserve Chairman Ben Bernanke on Monday praised Mexico's central bank for reining in inflation and keeping financial crises at bay. "The improved monetary policy framework, together with other reforms, has thus far helped reduce Mexico's susceptibility to financial crises."
Central bankers in several advanced economies have opened a space for their governments to implement fiscal, financial and regulatory reforms that should be seized, Carstens told central bankers from Europe, the Americas and Asia gathered at a forum in Mexico City on Monday.
MEXICO CITY, Oct 14- Tropical Storm Octave drew closer to Mexico's Baja California peninsula on Monday, weakening slightly on its approach. The storm, about 175 miles south of the town of Cabo San Lazaro on the peninsula's western coast, was traveling north at about 13 miles per hour, Miami's National Hurricane Center said in its latest advisory.
MEXICO CITY, Oct 13- Tropical Storm Octave strengthened south of Mexico's Baja California peninsula on Sunday. The storm, about 315 miles south of the peninsula's tip, was traveling north-northwest at about 13 miles per hour, Miami's National Hurricane Center said. There were no hazards affecting land, according to the NHC advisory sent at 2100 GMT.