Business Mexico

  • MEXICO CITY— A fuel tanker carrying gasoline and diesel continued to burn off the Gulf coast of Mexico on Sunday, a day after it erupted in flames. Firefighting boats were battling the blaze aboard the Burgos, which is owned by state oil company Petroleos Mexicanos, or Pemex. A large plume of smoke from the burning ship could be seen from the port of Veracruz.

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.

  • MEXICO CITY— Mexico's state-owned oil company says it is working to extinguish a blaze aboard a loaded tanker ship in the Gulf of Mexico. Mexico's Navy rescued 31 crew members and no injuries were reported. The Veracruz Port Authority said the Burgos was scheduled to dock Sunday morning.

  • MEXICO CITY, Sept 24- A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet.

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • Treasury Secretary Jack Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico next week to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. He will be the first Treasury secretary to visit Buenos Aires since 2002, recognizing efforts by President Mauricio...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • Mexican Economy Minister Ildefonso Guajardo

    Despite Donald Trump's inflammatory comments, a key Mexican official says the country is prepared to negotiate if the GOP nominee wins.

  • MEXICO CITY— Edgar Serralde Galicia lives in a part of Mexico City known for water: Xochimilco, where picturesque canals have irrigated produce grown on man-made islands and served as transportation routes since the days of the Aztecs. But like roughly a million residents of the capital, Serralde isn't connected to the city's water system.

  • A shopper pays for pears with a 100-peso bill at a fruit stand in Mexico City.

    Investors scrambling to find returns this year amid record lows for fixed-income assets have been heading south of the border.

  • Sept 20- One of the two investors in Puerto Rico's largest airport is exploring selling a 50 percent stake in a joint venture that runs it under a lease agreement with the Caribbean island's government, people familiar with the matter said on Tuesday. The move comes as passenger traffic at the airport has proved resilient in the face of Puerto Rico's $70 billion...

  • MEXICO CITY— Economists have long said that when the United States catches a cold, Mexico gets pneumonia. But analysts said Monday that Hillary Clinton's pneumonia has given Mexico's peso something worse. The U.S. has an outsize influence on Mexico's economy, buying about 80 percent of Mexico's exports.

  • MEXICO CITY, Sept 19- Hurricane Paine formed in the Pacific more than 300 miles off the coast of Mexico early on Monday and is forecast to begin weakening later in the day, the National Hurricane Center said. Mexico has no coastal warnings in effect for Paine, which is expected to weaken substantially before it hits the upper portion of the Baja California...

  • 90 percent of people in US recognize climate change

    Kevin McGeeney, CEO at SCB Group, weighs in on carbon trading - as well as Hillary Clinton and Donald Trump's respective stances on climate change.

  • Ford moving all small-car production to Mexico

    Company CEO Mark Fields says he plans to relocate operations over the next two to three years.

  • Donald Trump speaks at the Conservative Party of New York Presidential Convention, September 7, 2016.

    Trump blasts Ford's announcement that it is moving all small-car production to Mexico.

  • TOKYO, Sept 15- Toyota Motor Corp said on Thursday it would spend about $150 million to ramp up production capacity of Tacoma pickup trucks in Mexico by more than 60,000 vehicles a year by 2018..

  • DETROIT— Ford Motor Co. says it's moving all of its U.S. small car production to Mexico. Ford currently makes its Fiesta subcompact in Mexico, but its Focus and C-Max small cars are made in suburban Detroit. Making them in Mexico would boost company profits because of low wages there.

  • DETROIT— Ford Motor Co. said Wednesday that a plan to embrace "mobility" and spend billions on electric and autonomous vehicles will hurt its bottom line in the short term but lead to frothier profit margins in the future. "We are making choices: Where to play, where not to play and how we're going to win," Ford CEO Mark Fields told investors and Wall Street analysts who...