Business Mexico

  • MEXICO CITY— The head of Mexico's central bank says U.S. Republican candidate Donald Trump represents a "hurricane" sized threat to Mexico. Mexico's central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing "nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be...

  • MEXICO CITY, Sept 30- Mexico's central bank chief said on Friday that a Donald Trump victory in the U.S. presidential election would hit Mexico like a hurricane. Carstens added that the scenario for Mexico was better with a Clinton win in the Nov. 8 presidential election. The United States is Mexico's main trading partner, and Wall Street analysts say concern over...

  • If a portfolio could vote, it would vote for Clinton

    Gina Sanchez, CEO of Chantico Global, says that "if your portfolio could vote, it would vote for Hillary Clinton."

  • LONDON, Sept 30- Switzerland's Nestle, the world's largest food company, wants to tune up your guts. Last weekend, it hosted global experts in Playa del Carmen, Mexico for a three-day workshop on the intestinal microbiome to discuss how trillions of bacteria living in the digestive system can impact everything from obesity to depression. One attendee was Emeran...

  • MEXICO CITY— Mexico's central bank has raised its inter-bank interest rate a half-point to 4.75 percent, seeking to shore up a weak peso and prevent a rise in inflation. The Bank of Mexico says in a Thursday statement that prospects for global growth continue to suggest a moderate rate of economic activity. It added that the implications for Mexico "could be...

  • Treasury Secretary Jack Lew said on Thursday deeper trade ties between the United States and Mexico will help both economies to grow and President Barack Obama's free trade deal will keep them globally competitive. The United States and Mexico cannot reject globalization despite the stresses it causes some industries, towns and workers on both sides,...

  • Treasury Secretary Jacob Lew made a strong pitch for the Trans-Pacific Partnership trade pact during a visit to Mexico on Thursday. Lew strongly defended globalization, but acknowledged that "some industries, towns, and workers" in both the U.S. and Mexico "are feeling the stress of this change." The trip was aimed at underscoring the close ties between the United...

  • Donald Trump, 2016 Republican presidential nominee

    One currency could get hit harder than the Mexican peso if Donald Trump wins, according to one pro currency trader.

  • Treasury Secretary Jack Lew said on Thursday the United States and Mexico need to pursue deeper trade ties through President Barack Obama's Pacific free trade deal and that fair trade will grow both economies. Lew, in prepared remarks at a university in Mexico City, said that the United States and Mexico cannot reject globalization despite the stress that it...

  • MEXICO CITY- Central Bank of Mexico monetary policy statement PRAGUE- Czech National Bank monetary policy meeting- 1100 GMT TAIPEI- Central Bank of the Republic of Taiwan interest rate decision- 0900 GMT ANKARA- Central Bank of the Republic of Turkey to publish the minutes of September policy meeting- 1100 GMT CHISINAU- National Bank of Moldova interest rate...

  • THURSDAY, SEPTEMBER 29 WASHINGTON- Federal Reserve Chair Janet Yellen participates in a conversation before the "Banking and the Economy: A Forum for Minority Bankers" conference hosted by the Federal Reserve Bank of Kansas City- 2110 GMT. ORLANDO, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the 2016 Future of Florida...

  • THURSDAY, SEPTEMBER 29 WASHINGTON- Federal Reserve Chair Janet Yellen participates in a conversation before the "Banking and the Economy: A Forum for Minority Bankers" conference hosted by the Federal Reserve Bank of Kansas City- 2110 GMT. ORLANDO, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the 2016 Future of Florida...

  • Sept 28- When I first heard Elon Musk had asked his audience if they were willing to die in a great endeavor, I assumed he was speaking to shareholders. Still, "same difference," as they say back home in Chicago. "The risk of fatality will be high," Musk told a space conference on Tuesday in Guadalajara, Mexico, speaking of a hoped-for SpaceX mission to Mars by 2025. "There's no...

  • An employee inspects sheets of Mexican hundred pesos notes at the Banco de Mexico printing factory in Mexico City, Mexico

    Hedge funds have had a good run shorting the Mexican peso, but that country's central bank may be about to muddle what's been a favorite "long Trump" play.

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...

  • ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before the Community Banking in the 21st Century Conference hosted by the Federal Reserve Bank of St. Louis- 1415 GMT. ST. LOUIS, United States- Federal Reserve Bank of Chicago President Charles Evans speaks before the Community Banking in the 21st Century...

  • MEXICO CITY, Sept 27- The Mexico unit of SolarCity Corp, the rooftop solar developer controlled by billionaire Elon Musk, aims to invest as much as $1 billion over the next five years, the company said on Tuesday. SolarCity Mexico President David Arelle told Reuters in an interview the projected outlay will depend on Mexico keeping at current levels an incentive...

  • GUADALAJARA, Mexico Sept 27- SpaceX is developing a massive rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonizing the planet, company chief and tech billionaire Elon Musk said on Tuesday. Musk outlined his plans for the Mars rocket, capable of carrying 100 passengers plus cargo per voyage, even as SpaceX is...

  • Mexican Peso

    The Mexican peso has room to weaken further against the dollar so traders should wait for it, says Triogem Asset Management's Tim Seymour.

  • GUADALAJARA, Mexico, Sept 27- SpaceX is developing a massive rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonizing the planet, company chief and tech billionaire Elon Musk said on Tuesday. Musk outlined his plans for the Mars rocket, capable of carrying 100 passengers plus cargo per voyage, even as SpaceX is...