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Mexico

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  • Mexico's Pemex says production to increase in 2015 Friday, 29 Aug 2014 | 4:14 PM ET

    MEXICO CITY— Mexico's state-owned oil company Petroleos Mexicanos estimates its crude production will increase to 2.4 million barrels per day in 2015, compared with the 2.35 million barrels per day it expects to produce this year, a company official said Friday.

  • Rescuers race to reach trapped miners in Nicaragua Friday, 29 Aug 2014 | 9:25 AM ET

    BONANZA, Nicaragua— Rescuers in Nicaragua raced Friday to reach at least 24 freelance gold miners trapped by a landslide, including 20 who have been located and have managed to communicate with emergency crews.

  • DETROIT, Aug 27- General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.

  • DETROIT, Aug 27- General Motors Co is shifting some production of the Cadillac SRX from Mexico to Tennessee, but will partly offset that by moving some Chevrolet Equinox manufacturing from Tennessee to Mexico, an industry source told Reuters.

  • South Korea's Kia to invest $1 billion in Mexico Wednesday, 27 Aug 2014 | 4:58 PM ET

    MEXICO CITY— South Korea's Kia Motors Corp. said Wednesday it will invest more than $1 billion to build a car factory in northern Mexico that is expected to begin production in 2016..

  • GM to move Cadillac SRX production to Tennessee Wednesday, 27 Aug 2014 | 11:36 AM ET

    SPRING HILL, Tenn.— General Motors announced Wednesday that it is moving production of its next-generation Cadillac SRX crossover SUV from Mexico to its plant in Tennessee, leading United Auto Workers leaders to chide Tennessee Republicans for their opposition to the union increasing its influence in the state.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.

  • MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.

  • WASHINGTON, Aug 26- The United States is set to slap import duties of up to 17.01 percent on the price of Mexican sugar after a preliminary decision on Tuesday, a source close to the case said.

  • COMMERCE DEPT SETS PRELIMINARY ANTI-SUBSIDY DUTIES ON MEXICAN SUGAR FROM TALA AT 2.99 PCT- SOURCE CLOSE TO CASE.

  • Hurricane Cristobal gains, heads toward Bermuda Tuesday, 26 Aug 2014 | 12:37 PM ET

    SAN JUAN, Puerto Rico— Hurricane Cristobal hurled heavy rains across Atlantic and Caribbean islands on Tuesday as it headed toward Bermuda, and officials said the storm already had caused at least five deaths. The storm had maximum sustained winds of 75 mph, but it was expected to strengthen slightly by Thursday after passing northwest of Bermuda.

  • The Monterrey- based company will also dramatically ramp up its electricity generation over the next five years in the wake of a major energy sector overhaul, Raul Millares, Alfa's energy director, said in an interview. "Alfa sees very favorably our ability to develop business here in Mexico in the areas of oil and gas," Millares said.

  • Mexico creates special force for economic crime Friday, 22 Aug 2014 | 2:17 PM ET

    MEXICO CITY— Mexico launched a special 5,000- strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions. In some cases, like the western state of Michoacan, the cartels and gangs cut down trade so much that "even the barbershops weren't serving customers.

  • Deported Mexicans find new life at call centers Friday, 22 Aug 2014 | 12:02 AM ET

    Raised in California from the age of 5, he was deported to Mexico in 2011 and found himself in a land he barely knew. But the 34- year-old Tijuana native feels right at home as soon as gets to work at Call Center Services International, where workers are greeted in English.

  • Mexican mining firm complains about probe of spill Thursday, 21 Aug 2014 | 10:48 AM ET

    Environmental authorities have ordered a full inspection of Grupo Mexico's Buenavista copper mine near the U.S. border and threatened possible fines of up to $3 million.

  • MEXICO CITY, Aug 20- Mexico's Congress on Wednesday urged the government to cancel Grupo Mexico's concession to operate one of the world's biggest copper mines after a toxic spill there earlier this month.

  • Reward offered for former billionaire's assets Wednesday, 20 Aug 2014 | 11:44 AM ET

    HELENA, Mont.— The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings.

  • Mexico says mine firm lied about chemical spill Tuesday, 19 Aug 2014 | 5:40 PM ET

    MEXICO CITY— Mexico's top environmental official said Tuesday that a mining company lied about a spill of millions of gallons of acids and heavy metals that contaminated two rivers and a dam downstream. "At the start, they told us it was excessive rain" that caused the containment pond to overflow, Guerra Abud said.

  • Mexico to offer $4.9 billion in electric projects Monday, 18 Aug 2014 | 4:29 PM ET

    MEXICO CITY— Mexico says it expects to put out for bid $4.9 billion in electrical generation and natural gas pipeline projects as part of the opening of the nation's state-run energy sector. Mexico has high electricity rates, which officials say limits the growth of some businesses.

  • Mexico files complaint against mine in acid spill Monday, 18 Aug 2014 | 7:00 AM ET

    MEXICO CITY— Environmental authorities filed a criminal complaint Monday against a copper mine that spilled 10 million gallons of acids into two rivers that supply water to tens of thousands of people in northern Mexico.