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  • MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...

  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • Cramer Remix: The most exciting stock I've seen Thursday, 18 Dec 2014 | 6:55 PM ET
    Jim Cramer on Mad Money.

    Is this breakout story on your radar? "Mad Money" host Jim Cramer is about to put it there.

  • Cramer: Time to tame the oil beast Wednesday, 17 Dec 2014 | 6:12 PM ET

    It's not the fact that oil prices are declining that alarms Jim Cramer, it's the velocity of the oil beast. He shared the upside to a slow decline.

  • 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...

  • 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...

  • 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 oil biz to foreign investment  Thursday, 11 Dec 2014 | 3:02 PM ET

    For the first time in 75 years, American business owners can invest in Mexico's oil patch, reports CNBC's Michelle Caruso-Cabrera.

  • 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...

  • Mexico Finance Minister: Crisis & corruption  Thursday, 11 Dec 2014 | 1:27 PM ET

    Mexico's Finance Minister admits the country is in "crisis," reports CNBC's Michelle Caruso-Caruso.

  • Oil is falling, but this big producer isn't worried Thursday, 11 Dec 2014 | 12:31 PM ET
    An engineer opens valves on the Petroleos Mexicanos (PEMEX) Bicentennial deep sea crude oil platform in the waters off Tamaulipas, Mexico.

    Despite drops in the price of oil, Mexico's finance minister, Luis Videgaray, said his country's revenues are protected.

  • 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...

  • 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...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...