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  • SAO PAULO, Feb 12- Mexico's peso clawed back gains from a record low on Friday after brutal losses during the week as a rebound in oil prices and global stocks lifted battered Latin American currencies. Solid U.S. consumer data on Friday helped stocks on Wall Street rebound while oil prices, which have driven the fortunes of oil producers like Mexico and Colombia,...

  • Volkswagen AG is recalling about 850,000 Audi and VW vehicles in the U.S. from model years 2006 to 2014. The letter said most VW and Audi vehicles have air bag inflators made at Takata's factory in Freiberg, Germany, which have not experienced failures like those made in the U.S. and Mexico. But in the EPA case at least, it's likely to bring millions of dollars in fines...

  • SAO PAULO, Feb 12- Latin American currencies were mostly little changed on Friday but looked set to post losses on the week as traders saw a recovery in oil prices offering only temporary respite from recent financial turmoil. Crude prices jumped after comments by the United Arab Emirates energy minister raised hopes of a coordinated output cut.

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • MEXICO CITY, Feb 11- The Mexican peso slumped to a record low on Thursday while Colombia's peso also hit its weakest level ever as investors dumped riskier assets around the world. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods. Colombia's peso shed more than 1.4 percent to...

  • Bleisure: Zika casts a pall on some company getaways Thursday, 11 Feb 2016 | 3:13 PM ET

    A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. "We did end up hitting that target," Kamdar said, and the Dominican Republic was chosen as the destination. "But we found out a couple of weeks after booking that the Zika virus was spreading very...

  • MEXICO CITY— Four families have sued global bank HSBC in federal court in Texas alleging that the bank permitted Mexican drug cartels to launder money and thereby provided material support to terrorists. Among the people represented are Jaime Zapata and Victor Avila, agents for U.S. Immigration and Customs Enforcement. HSBC did not immediately respond to a...

  • A close ally of Pena Nieto, Lozoya became Pemex CEO in December 2012, overseeing the company during a momentous energy reform that ended Pemex's decades-long monopoly over the country's oil and gas sectors. "I've given instructions to the new director to make the efficiency and profitability of all Pemex's activities his top priority, with an emphasis on its...

  • Gonzalez Anaya, who holds degrees in economics and mechanical engineering from MIT and a doctorate in economics from Harvard, was previously head of Mexico's Social Security Institute. He has also worked as an economist for the World Bank and at senior positions in Mexico's Treasury Department. He was replaced as social security chief by Mikel Arriola...

  • Americans shunning vacations in Zika zones Monday, 8 Feb 2016 | 1:29 AM ET
    Carnival dancers perform for travellers arriving in the baggage claim area at Guararapes-Gilberto Freyre International Airport on February 4, 2016 in Recife, Pernambuco state, Brazil.

    The Zika virus is discouraging many Americans from traveling to LatAm and the Caribbean, a Reuters/Ipsos poll shows.

  • MEXICO CITY— Mexico's state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. Petroleos Mexico says via Twitter that the fire on the Abkatun A platform off the coast of the southern state of Campeche was brought under control Sunday morning and the installation was never abandoned.

  • Report: Ford to build auto plant in Mexico Sunday, 7 Feb 2016 | 6:26 PM ET

    NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.

  • Ford to move production to Mexico: Report Sunday, 7 Feb 2016 | 4:13 PM ET
    The Ford exhibit is shown on the first day of media preview days at the 2016 North American International Auto Show on January 11, 2016 in Detroit, Michigan.

    Ford will construct a new assembly plant in Mexico and ramp up output from that country, The Wall Street Journal reported.

  • Venezuelan default: Worse than Argentina? Sunday, 7 Feb 2016 | 1:00 PM ET
    Students take part in a rally against President Nicolas Maduro's government in Caracas on Nov. 21, 2015.

    Markets are bracing themselves for the prospect of a calamitous debt default in Venezuela, which may be worse than Argentina's 2001 crisis.

  • MEXICO CITY— A Mexican court has issued an injunction blocking further work on a real estate project in the Caribbean coast resort of Cancun that activists say has almost killed a mangrove swamp at the site. But environmentalist Araceli Dominguez expressed hope after the order was announced Wednesday that the mangrove can be recovered now that a court has...

  • MONTERREY/MEXICO CITY, Feb 4- Mexico's Cemex on Thursday set ambitious asset sales and debt-cutting targets and reported a surprise fourth-quarter profit, triggering a rally in its beaten-down shares. Cemex, which plans to sell a further $1 billion to $1.5 billion in assets and cut debt by $2 billion by the end of next year, has been reaping rewards from a...

  • Once-stalled border bridge dedicated near El Paso Thursday, 4 Feb 2016 | 1:05 AM ET

    TORNILLO, Texas— An international bridge over the Rio Grande near El Paso opened for the first time Thursday after years of construction delays, giving officials hope it would be a boon for Texas- Mexico border commerce. In remarks, Pena Nieto noted incendiary remarks by some U.S. conservatives about security along the U.S.- Mexico border. Homeland Security...

  • MEXICO CITY— A Mexican court has issued an injunction blocking further work on a real estate project in the Caribbean coast resort of Cancun that activists say has almost killed a mangrove swamp at the site. But environmentalist Araceli Dominguez expressed hope after the order was announced Wednesday that the mangrove can be recovered now that a court has...

  • Biggest hijacking threat in America Wednesday, 3 Feb 2016 | 6:24 AM ET
    Biggest hijacking threat in America

    Drug traffickers are hacking into drones used by border-patrol agents to spoof and jam GPS systems.

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...